How Much Should Boating Insurance Cost | Part One


Here is the rule of thumb - the more valuable your boat is the more it is going to cost to insure. Think about what you paid for your boat and that will help determine how much your insurance will end up costing.

TIP: You don’t want to under-insure or over-insure the value of your boat. Buy exactly what you need. How will you know what that is? If insured by SkiSafe, we’ll tell you if you’re aiming too low or too high. We want to make sure you are protected, but also not charge more than necessary.



Good drivers on the road tend to be good drivers on the water as well. If you have a clean driving record without any accidents, violations or claims in the last few years, the cost of your boating insurance will reward you for this.



Boat insurance costs will increase as your number of claims increases. Filing claims in the past will affect your current premium, and in the years to come.

TIP: You wouldn’t go to the doctor for a paper cut or bruise. Look at your boat in the same way. You want your insurance to remain affordable in case of a big accident. If you put in a claim for a missing fishing rod or water ski, you will lose your loss-free discount and pay more for your boat insurance every other year. 


This is part one of a three-part series that will cover everything you should know when it comes to saving on your boat insurance. Stay tuned next week for more tips and tricks to save on your policy!

Visit us online at SkiSafe and let us help you save money on your boat insurance today!

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