Hanover Insurance Group Launches Collector Car Insurance with Hagerty Partnership
- Hanover Insurance Group partners with Hagerty to launch Hanover Collector Car insurance for classic car enthusiasts.
- This product combines Hanover's protection with Hagerty's expertise in collector vehicle claims and valuation services.
- Initial rollout of Hanover Collector Car insurance is in Michigan and Illinois, with plans for future expansion.
Hanover Insurance Group Partners with Hagerty to Launch Classic Car Insurance
The Hanover Insurance Group, a leading national insurance provider, announces a strategic partnership with Hagerty to introduce a specialized insurance product tailored for classic car enthusiasts. Dubbed the Hanover Collector Car, this innovative offering merges Hanover's comprehensive account protection with Hagerty's specialized expertise in collector vehicle claims and valuation services. The product aims to deliver peace of mind to classic car owners, safeguarding their valuable assets under a unified insurance carrier. By leveraging Hagerty's extensive knowledge of the collectible vehicle market, Hanover enhances its service offerings, ensuring that customers receive an exceptional claims experience that is well-suited to the unique needs of classic car ownership.
Brad McCreedy, vice president of personal lines strategy at The Hanover, underscores the significance of this collaboration in expanding the company's portfolio. The partnership not only enriches Hanover's insurance services but also strengthens its market position within the niche of collector vehicle insurance. Initially, the Hanover Collector Car insurance is available through the company’s independent agents in Michigan and Illinois, with plans for future expansion into additional states. This rollout reflects Hanover's commitment to adaptability and responsiveness to the evolving needs of its customer base, particularly those invested in automotive culture.
Nick Cassell, Hagerty's Vice President of Insurance Business Partner, expresses enthusiasm about the partnership, emphasizing their shared commitment to protecting classic car owners. This collaboration not only aims to provide tailored insurance solutions but also fosters a community among car enthusiasts, enhancing the overall experience of classic car ownership. By combining resources and expertise, both companies are set to redefine the landscape of collector car insurance, offering a product that resonates with the unique sentiments and values of classic car aficionados.
In addition to the new insurance product, Hanover Insurance Group continues to position itself as a leader in the insurance industry, focusing on small to mid-sized enterprises, homes, and automobiles. This partnership with Hagerty represents a strategic move to tap into the growing market of classic car enthusiasts, further solidifying Hanover’s reputation for providing tailored insurance solutions.
The Hanover Collector Car insurance represents a significant development in the intersection of automotive culture and insurance, appealing to a dedicated community of car lovers. For more details on this new offering, potential customers can visit the websites of both The Hanover Insurance Group and Hagerty.
