collector car insurance News

Markets/Coverages: MGA OpenRoad Enters Collector Vehicle Insurance Market

Managing general agency Open Road Insurance announced its entry into the marketplace for collector vehicle auto insurance with its first license in Texas, and plans to launch in other U.S. states later this summer. National Interstate Insurance Company, a member …

Insurance Scion Who’s Out to Save Human Driving

McKeel Hagerty’s parents were into wooden boats and saw an unmet need to underwrite them. Hagerty, however, has been a car nut from day one. When the family’s marine insurance business finally began to offer auto policies in 1991, he …

Ullico, Hagerty to Offer Collector & Classic Car Coverage to Union Members

Ullico has partnered with The Hagerty Group to offer Hagerty’s insurance for classic, collector and enthusiast vehicles. Per the partnership, Hagerty’s insurance will be offered through UnionCare, a Ullico Casualty Group affiliate that markets insurance and other products to union …

Kemper Moving $16 Million of Collector Vehicle Business to Hagerty

Specialty insurer Kemper Corp. has entered into an agreement to move its Classic Collectors book of business to specialist Hagerty, a leader in the collector vehicle insurance market, The book of business generated approximately $16 million in annual premium in …

NJM Partners with American Modern to Offer Enhanced Collector Car Insurance

NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector car insurance policies. In addition to agreed value loss settlement, which protects against depreciation, …

Premium for Most Expensive Car Close to Income for Typical American Family

A Ferrari 250 GTO Berlinetta last week became easily the most expensive car sold at auction by when a bidder at a California auction agreed to buy it for $38.1 million, according to Hagerty Group LLC, a Traverse City, Michigan-based …