What Impacts the Price of Boat Insurance


We offer recreational watercraft insurance to boaters across the country. Whether you’re looking for coverage in Florida, Texas, New York, California, Michigan or any other state, we’ve got you covered.

The average cost of a SkiSafe boat insurance policy ranges from $200-$500 per year. Depending on the boat and coverage options, this range can decrease or increase accordingly. Overall, boat insurance is fairly inexpensive when compared with the price of the vessel and what a potential repair could cost. You may also qualify for additional discounts that reduce your premium even further.

Here’s a breakdown of what impacts the price of your policy.


Where you operate your boat or PWC can influence your rate.  Weather, water conditions and other factors can vary across the country.

Type of Boat

The type of boat or PWC you own certainly plays a part in determining your premium. For example, a center console requires different coverage and is suspectable to different risks than a pontoon. Your policy will reflect these differences in coverage and will therefore be reflected in the price. The value of your boat will also contribute to the cost of insurance.

Driving Record 

Your driving record is a good indicator of your safety behind the wheel. These skills are transferrable to a boat or PWC. If you have a clean driving record without any accidents, violations, or claims, your insurance rate will be lower. 

Seasonal Usage

Boating is a seasonal activity in most states. If your boat or PWC is not in use for at least four months out of the year you will qualify for an additional discount that lowers your boat insurance rate.

Previous Claims

We will ask about any prior boating accidents or claims and may use that to determine the risk involved. This will not typically make that much of a difference, but if someone has many prior claims that may suggest another one is waiting on the water.

Coverage Selection

We offer a range of choices and limits for each coverage option on a boat insurance policy. At the end of the day, you want to make sure your insured property is covered and properly protected. Obviously, increasing your coverage amount will raise the cost of the policy. Choosing a higher deductible is one easy option to lower your rate by accepting slightly higher out-of-pocket expenses on a potential claim.

Here’s a breakdown of what discounts may be applied.

Boating Safety Course

If you complete a qualified boating safety course, you should receive a discount that reduces your boat insurance premium. Not only will this help lower insurance costs, but it is also a great way to learn basic boating safety. Visit the U.S. Coast Guard site to find a course that is right for you. 

Navigable Waters

If you navigate your boat in a limited territory, such as inland lakes and waterways, or the confines of the Chesapeake Bay or the Long Island Sound, let your underwriter know. You could save a bundle without limiting your coverage at all.  

Multi-Craft Discount

If you have more than one vessel, get a quote for both. Insuring more than one watercraft with us will give you a better rate.

Online Discount  

We can offer you a discount for initially applying online. You won’t lose out on any service or coverage and can always follow up on the phone.

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