B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Dated
89%
89% -- policy retention rate for Hagerty (FY2023)
Hagerty's auto in-force policy retention rate was approximately 89% for 2023 (as of December 31, 2023).
- Reported as approximately ('about 89%')
- Specific to auto PIF (policies in force)
Attribution:
View source
Lighthouse Research Team
Last verified:
·
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Source verified
Evidence graded
Value
89%
Unit
Percentage
Data Vintage
FY2023
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
95
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
Hagerty
Primary
Tier A
https://www.hagertyagent.com/resources/hagerty-insights/the-power-of-annual-auto-pay-plans ↗
Source Article
The Power of Annual Auto Pay Plans
In the world of insurance, customer retention reigns supreme. For agents and brokers navigating today’s competitive landscape, securing long-term client relationships is not just a goal, it's a necessity. In this pursuit, one low-effort-high-return strategy emerges as a game-changer: the annual auto…
Original Research
Hagerty
· Original study ↗
Methodology
2023 Hagerty auto PIF retention as of 12/31/23; company first-party data
Methodology documented
Segmentation
IndustryInsurance
Company SizeEnterprise
Cite this stat
Plain Text
Hagerty: 89% policy retention rate. Source: Hagerty (FY2023). Via Lighthouse Intelligence -- https://lighthousedata.io/data/hagerty-inforce-policy-retention-2023
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<blockquote cite="https://lighthousedata.io/data/hagerty-inforce-policy-retention-2023" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>89%</strong> -- policy retention rate for Hagerty<br><small>Source: Hagerty (FY2023) · <a href="https://lighthousedata.io/data/hagerty-inforce-policy-retention-2023" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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