Hagerty Announces New Partnership with Liberty Mutual
Rhea-AI Summary
Hagerty (NYSE: HGTY) announced a new partnership with Liberty Mutual to offer enhanced collectible car insurance to Liberty Mutual and Safeco customers, beginning in 2026. Liberty Mutual, described in the announcement as the seventh largest U.S. auto insurer, will provide Hagerty's market-leading collectible car coverage to new and existing policyholders. Hagerty's CEO McKeel Hagerty said carrier partnerships are a growth engine and cited the deal as expanding access to Hagerty's products and services for collectible-vehicle owners. Luke Bills, Liberty Mutual President of Independent Agent Distribution, said the partnership supports Liberty Mutual's goal of offering superior products and claims handling through a specialist in the collectible car space.
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News Market Reaction 2 Alerts
On the day this news was published, HGTY gained 0.62%, reflecting a mild positive market reaction. Argus tracked a peak move of +47.3% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $25M to the company's valuation, bringing the market cap to $4.14B at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
In this partnership, Liberty Mutual, the seventh largest auto insurer in
McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty added, "Carrier partnerships continue to be one of our growth engines, and we're excited to build our relationship with Liberty Mutual and Safeco offering our best-in-class coverage and service for collectible vehicles and their passionate owners. It's another example of how Hagerty works to ensure that driving enthusiasts have access to all the products and services they need to protect, buy, sell and enjoy their special cars."
"In order to be the most trusted brand to independent agents and their customers, we must be providing superior products, claims handling and service to meet their needs," said Luke Bills, Liberty Mutual President, Independent Agent Distribution, US Retail Markets. "This partnership with Hagerty, the premier specialist in the collectible car insurance space, epitomizes our commitment to delivering on that promise."
About Hagerty, Inc.
Hagerty is an automotive enthusiast brand committed to saving driving and fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events, and automotive entertainment custom-made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in
More information can be found at newsroom.hagerty.com
Category: Financial
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SOURCE Hagerty
FAQ
What did Hagerty (HGTY) announce on November 3, 2025 about Liberty Mutual?
When will Liberty Mutual and Safeco customers be able to get Hagerty collectible car coverage (HGTY)?
How did Hagerty describe the strategic importance of the Liberty Mutual partnership (HGTY)?
What role will Liberty Mutual play in the Hagerty (HGTY) partnership?
Does the announcement state any financial terms or revenue impact for Hagerty (HGTY)?
