Boat Insurance

What Does It Cost?


“The bitterness of poor quality remains long after the sweetness of a low price is forgotten” - Benjamin Franklin (1706-1790)


Many factors affect the cost, we have provided rate factors below but for an exact premium use our Quick Quote or call us at (800) 477-7140. You can customize your quote using our edit and shop options or quickly compare quotes for additional boats.

The location of the boat has a significant impact on the cost. Insurance premiums in Florida and the Gulf coast are the highest in the country. You can have a boat in Florida with a premium of $1,600 and move the boat north into fresh water, and the same boat will have an insurance cost of $600. The length of the boating season is another item that affects the premium. Boats located south with a 12 month boating season will have a higher premium than boats located in the north with a limited season.

The type of boat affects the premium. Performance boats will have the highest rates due to the speed and machinery on these boats. A bass boat, ski boat, pontoon, cruiser, houseboat, and PWC will all have different rate structures.


Other Factors That Affect Cost

  • Boat's Value
  • Boat's Length
  • Use Of The Boat
  • Age Of The Boat
  • Type of Engines
  • Navigational Area
  • Insurance Claims
  • Boat Ownership Experience
  • Boating Education and Safety Equipment
  • Age Of The Operators
  • Your Credit Score
  • Motor Vehicle Driving Record



Best Boat Insurance Rate

Shopping for the best boat at the best insurance cost, use our Quick Quote to get a quote in about 90 seconds for most boats or you can call 800-477-7140. Once you have the quote, you can customize it using our edit and shop options or quickly compare quotes for additional boats.


Boat Insurance Discounts

Increasing the deductible is a way for you to save on your insurance premium. Most programs use 1% of the vessel value for minimum hull deductible. A $25,000 boat will have a minimum deductible of $250. Selecting a 2% ($500) deductible may apply up to 15% credit for the hull rate. Insurance companies have a variety of ways to reduce the premium, including discounts for:

  • Boat Ownership Experience
  • Diesel Engines
  • Automatic Firefighting Systems
  • Gasoline Fume Detector
  • Claims Free
  • Safety Courses and Equipment
  • Lay-Up
  • Renewal Discounts