To find the best boat insurance quote online in 2023, you should compare quotes from multiple insurance companies. You can do this by using an online boat insurance comparison website or by contacting each company directly.
When comparing quotes, be sure to consider the following factors:
- Coverage: Make sure that each quote provides the coverage that you need. This may include liability coverage, collision coverage, comprehensive coverage, and other optional coverages.
- Price: Compare the price of each quote. However, don’t just choose the cheapest quote. Make sure that the company is reputable and that the coverage is adequate.
- Discounts: Many insurance companies offer discounts for things like boat safety courses, multiple boat insurance policies, and good driving records. Ask about any discounts that you may be eligible for.
Best Boat Insurance Quote
Here are some of the best boat insurance companies in 2023:
Geico Boat Insurance
Geico boat insurance is offered through Boat US, the Boat Owners Association of the United States. Geico offers a variety of boat insurance plans to meet the needs of different boaters.
Geico Insurance
Geico is a well-known insurance company that offers various types of insurance, including boat insurance. Here are some key points to consider when evaluating Geico Boat Insurance:
Excellent Features 🤩
- ✅ Best For: 100% reimbursement rate
- ✅Max annual coverage: $5,000, $10,000, or unlimited
- ✅Reimbursement rates: 70%, 80%, or 90%
- ✅Deductible choices: $100 to $1,5000 per year
- ✅30 days Money-back guarantee
| Boat Type | Coverage | Average Annual Premium |
|---|---|---|
| Bowrider (18-28 feet) | Liability | $200-$500 |
| Center console (18-28 feet) | Liability | $250-$600 |
| Cuddy cabin (18-28 feet) | Liability | $300-$700 |
| Walkaround (18-28 feet) | Liability | $350-$800 |
| Ski boat (flat bottom) | Liability | $400-$900 |
| Pontoon (16-30 feet) | Liability | $450-$1000 |
| Jet boat | Liability | $500-$1100 |
| Personal watercraft | Liability | $200-$500 |
Pros
✅ Affordable rates
✅ Wide variety of coverage options
✅ Discounts available
✅ Good customer service reputation
Cons
❎Some complaints about slow claims processing and difficulty getting in touch with customer service representatives
Geico offers a variety of compression options for its boat insurance policies. Compression is a way to save money on your insurance premiums by combining multiple coverages into a single policy. Geico offers the following compression options:
- Boat Package This policy combines boat hull, boat liability, medical payments, and uninsured/underinsured boater coverage into a single policy.
- Boat and Personal Watercraft Package This policy combines boat hull, boat liability, medical payments, uninsured/underinsured boater coverage, and personal watercraft coverage into a single policy.
- On-Water Liability Package This policy combines boat liability, medical payments, and uninsured/underinsured boater coverage into a single policy.
Geico boat insurance plans are available in all 50 states and Washington, D.C. Geico offers both agreed value and actual cash value policies. Agreed value policies pay the agreed-upon value of your boat if it is totaled in a covered event. Actual cash value policies pay the market value of your boat minus depreciation.
To get a Geico boat insurance quote, you can visit the Geico website or call a Geico agent. Geico offers a variety of discounts, such as discounts for boat safety courses, multiple boat insurance policies, and good driving records.
Progressive Boat Insurance
Progressive is a well-known insurance company that offers a range of insurance products, including boat insurance. Here are some key points to consider when evaluating Progressive Boat Insurance:
Progressive
Progressive Boat Insurance is one of the leading boat insurance providers in the United States. It offers a variety of coverage options to protect boat owners from financial losses in the event of an accident or other covered event.
- Liability insurance
- Collision insurance
- Comprehensive insurance
- Uninsured/underinsured motorist coverage
| Boat type | Estimated annual cost |
|---|---|
| Bass boat | $200-$500 |
| Pontoon boat | $200-$500 |
| Powerboat | $300-$700 |
| Personal watercraft (PWC) | $100-$300 |
| Sailboat | $300-$700 |
Pros👇
✅Competitive rates
✅Excellent customer service
✅Wide variety of coverage options
✅Available in all 50 states and the District of Columbia
✅Offers a variety of discounts
Cons 👇
❎High-deductible plans can be expensive.
❎Not available in all states:
State Farm Insurance
State Farm offers a variety of boat insurance plans in 2023 to meet the needs of different boat owners. The two main types of plans are:
- Basic boat insurance: This plan covers your boat against physical damage and liability.
- Comprehensive boat insurance: This plan includes all of the coverage of basic boat insurance, as well as optional coverages such as uninsured/underinsured boater coverage, on-water towing and assistance, and personal property coverage.
State Farm
State Farm is one of the largest auto insurance companies in the United States. They offer a variety of auto insurance plans, including:
- Liability insurance
- Collision insurance
- Comprehensive insurance
- Uninsured/underinsured motorist coverage
Pros👇
✅A++ financial strength rating from AM Best
✅Good customer service
✅Easy to use online quote tool.
✅Variety of discounts available.
Cons 👇
❎Some customers have complained about the company’s claims process.
❎Not all discounts are available in all states
| Company | Liability Only | Collision + Comprehensive | Full Coverage |
|---|---|---|---|
| State Farm | $600/year | $1,200/year | $1,800/year |
| Geico | $550/year | $1,100/year | $1,700/year |
| USAA | $450/year | $1,000/year | $1,600/year |
| Progressive | $500/year | $1,050/year | $1,650/year |
| Nationwide | $575/year | $1,125/year | $1,775/year |
| Amica | $625/year | $1,250/year | $1,875/year |
| Farmers | $550/year | $1,100/year | $1,700/year |
| The Hartford | $525/year | $1,050/year | $1,650/year |
State Farm boat insurance rates vary depending on a number of factors, including the type of boat you own, where you store it, how often you use it, and your boating experience. However, State Farm is generally considered to be one of the more affordable boat insurance companies.
To get a quote for State Farm boat insurance, you can contact a local State Farm agent or visit the State Farm website.
Here are some of the benefits of State Farm Boat Insurance:
- Personalized service: You will get personalized service from one of State Farm’s 19,000 agents nationwide.
- Financial strength: State Farm is the largest auto insurance provider in the United States and has a strong financial rating.
- Prompt and reliable claims handling: State Farm is known for its prompt and reliable claims handling.
- Additional benefits: State Farm boat insurance policyholders may be eligible for additional benefits, such as 24/7 roadside assistance coverage.
Overall, State Farm Boat Insurance is a good option for boat owners who are looking for affordable coverage with a wide range of options.
Farmers Boat Insurance
Farmers offers a variety of boat insurance plans to meet the needs of different types of boaters. Their Marine Choice policy is a customizable package that allows you to choose the coverage options that are right for you.
Farmers Insurance
Farmers also offers a variety of discounts on boat insurance, such as discounts for bundling multiple policies, having a clean boating record, and taking safety courses.
Liberty Mutual Insurance
Liberty Mutual offers a variety of boat insurance plans to meet the needs of different boat owners. Their plans include:
- Physical damage coverage: This coverage pays for repairs or replacement of your boat if it is damaged or destroyed in an accident, fire, or theft.
- Liability coverage: This coverage pays for damages to other people’s property or injuries caused by your boat.
- Medical payments coverage: This coverage pays for medical expenses for you and your passengers if you are injured in an accident while boating.
- Uninsured/underinsured boater coverage: This coverage pays for damages to your boat or injuries to you and your passengers if you are hit by another boater who does not have enough insurance.
