- Hagerty becomes exclusive insurance partner of The Vintage Sports Car Club Limited (VSCC) in a 3-year deal to provide mutual member benefits and insurance policy incentives
- The VSCC established in 1934 to provide an arena for people to enjoy pre-war and historic cars and is one of the largest motoring clubs in the world
- Agreement will see a host of additional member benefits launched, including editorial content and partner events
- Hagerty is committed to working with car clubs of all sizes, and offers a range to insurance incentives and partner benefits to suit individual requirements
Northamptonshire: 2nd August 2022
Hagerty, an automotive lifestyle brand and a leading specialist insurance provider focused on global automotive enthusiasts, today announced a new, 3-year exclusive insurance partnership with the Vintage Sports Car Club (VSCC).
Vintage and historic cars evoke enthusiasm and spark a passion; and since 1934 the Vintage Sports-Car Club has provided an arena for people to enjoy pre-war cars competitively and socially. Active in every aspect of motoring and motorsport for pre-war cars, the VSCC is one of the largest and best regarded motoring clubs in the world. Members enjoy a host of benefits, and now Hagerty adds additional member-exclusive insurance and enthusiast incentives as part of the new agreement.
In addition to attractive policy benefits, Hagerty and the VSCC will partner on a number of enthusiast events, present exciting and relevant member offers and will publish exclusive features and articles. In addition, the partnership will look at ways in which to attract newcomers to vintage cars, including motorsport events such as VSCC trials which featured in the last episode of the latest series of Top Gear.
Speaking of the partnership Tania Brown, Club Secretary of the VSCC said “We are delighted to partner with Hagerty, we have worked with them for a number of years and are delighted to extend our partnership.This latest exclusive deal will see us working together even closer for the benefit of our respective members, particularly promoting the use of vintage and classic cars and working on key challenges together, such as helping youngsters access insurance.”
This latest partnership is the start of a renewed focus on car clubs by Hagerty in the UK.
Car Clubs are at the centre of the enthusiast market, having to maintain long-term members whist also evolving to attract a new generation of enthusiast. In a rapidly changing landscape, Hagerty understands the challenges they face and the huge effort it takes to entertain and maintain a large and diverse membership group.
Hagerty UK has launched a host of new ways in which it can add value to club memberships, whilst also helping to attract new members. As car clubs cater for every demographic and vehicle sector and can range from thousands of members to small groups, Hagerty offers tiered levels of partner benefits designed to suit specific requirements, including varying levels of insurance and partner offers.
Mark Roper, Managing Director of Hagerty International added, “Partnering with a brand as important to the industry as the VSCC creates a great opportunity to promote vintage cars to a new audience and we are excited to work together over the next 3 years.
Hagerty looks forward to working more closely with car clubs in the future as together we can be stronger, working collaboratively to protect our passion for generations to come.”
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About Hagerty, Inc. (NYSE: HGTY)
Hagerty Headquarters is based in Traverse City, Michigan. Hagerty’s purpose is to save driving and preserve car culture for future generations and its mission is to build a global business to fund that purpose. Hagerty is an automotive enthusiast brand offering integrated membership products and programs as well as a specialty insurance provider focused on the global automotive enthusiast market. Hagerty is home to Hagerty Drivers Club, Hagerty DriveShare, Hagerty Valuation Tools, Hagerty Media, Hagerty Drivers Club magazine, MotorsportReg, Hagerty Garage + Social, the Amelia Concours d’Elegance, the Concours d’Elegance of America, the Greenwich Concours d’Elegance, the California Mille, Motorlux Revival and more.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current intentions, expectations, or beliefs regarding the business. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that are difficult to predict and may be outside of our control. Some of the factors that may cause our actual results to differ materially from those contemplated by our forward-looking statements include: (i) our ability to recognize the anticipated benefits of the subject of this press release; (ii) our ability to compete effectively within our industry and attract and retain members; and (iii) the other risks and uncertainties listed in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2022. This press release should be read in conjunction with the information included in our other press releases, reports and other filings with the SEC. Understanding the information contained in those filings is important in order to fully understand our reported financial results and our business outlook for future periods. We do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.
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