Boat Insurance Costs

Insurance Center Associates

Lowering the Cost of Boat Insurance

Wouldn’t you rather spend your extra cash on things more fun than insurance? That’s what we thought. Save your extra pennies for a non-rainy day, and read through some of the ways you can lower your watercraft insurance costs.

Spend More Money on Water Fun, Less on Insurance

Safety saves

Boat owners may also receive credits of up to 15% on their boat insurance policy for completing a boating safety course. Find a class through the Coast Guard Auxiliary or U.S. Power Squadron. Or, you could save up to 5% for a National Association of State Boating Law Administrators (NASBLA)-approved state administered course. Some states require young boaters (usually age 16 or younger) to complete an approved safety course before operating a boat.

Insure multiple policies with the same carrier

More than one boat on the same policy can save you money. In addition with many carriers, the more policies you have with a company, whether it’s for your cars, boat or home, the more substantial savings you may get. Talk to your agent about consolidating your insurance.

Increase your deductible

By raising the amount you pay out-of-pocket for losses, you can save more on your boat policy. Ask your agent to explain the trade-offs.