State Farm is collaborating with Traverse City, Michigan-based Hagerty to introduce a new insurance product for classic vehicles, State Farm Classic+, beginning in 2022.
Hagerty is an automotive lifestyle brand and a provider of specialty insurance for classic, vintage and enthusiast vehicles. The company is known for its outstanding service and for its breadth of knowledge about collector vehicles.
The State Farm Classic+ policy will be offered through State Farm Classic Insurance Co., a new wholly owned subsidiary of State Farm Mutual Automobile Insurance Co., and may be subject to state regulatory review and approval.
This policy will be available to new and existing customers through their State Farm agent.
State Farm Classic+ is expected to be available in all states by 2023.
Source: Hagerty
Topics Mergers & Acquisitions Auto
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