If you’re shopping for a new or used boat, you may be wondering what boat insurance costs. The answer to that question depends on a number of factors1, which vary by state and insurance company.
Some common factors that may influence a boat insurance quote
- Length. In general, boats are 26 feet and shorter; yachts are 27 feet and longer.
- Value. As you’d expect, more valuable boats generally cost more to insure.
- Type. Bass boats, ski boats, sailboats, cabin cruisers, pontoon boats, deep-sea fishing boats, utility boats and speed boats have different insurance needs.
- Age. Older boats typically cost less, but often require additional upkeep and maintenance.
- Speed/Horsepower. Faster boats generally carry more risk – and faster engines often cost more.
- Cruising area. Boating on oceans, lakes, bays, rivers or the Great Lakes all carry different risks.
- Coverage options. You have lots of options when it comes to coverages, limits and deductibles, including coverage for your personal belongings, fishing equipment and boat accessories.
- Boating and driving history. Have you had any accidents, violations or claims in the past 5 years?
- Boating safety courses. Formal training or certification can lower your rates.
Boat insurance discounts
In addition to affordable rates, Nationwide offers a number of boat insurance discounts, such as a multi-boat discount, a multi-policy discount and a boater safety course discount.
We also offer package discounts for weekenders, overnighters, light tackle anglers and deep-water pros.
Getting a boat insurance quote
The best way to figure out how much insurance will cost for your boat is to get a quote.
For a free boat insurance quote from Nationwide, call 1-877-669-6877 or visit our boat insurance page of our and enter your zip code to begin the process.
Nationwide provides insurance for many types of watercraft, including bass boats, ski boats, sailboats, cabin cruisers and pontoon boats, as well as insurance for personal watercraft, such as Jet Skis, WaveRunners and Sea-Doos.