A single boating accident can have a catastrophic financial impact, costing millions in property losses and adding significantly to the wounded parties medical bills.
The estimated $67.5 million in property damages does not even begin to capture the full cost of boating accidents. Moreover these incidents resulted in 2,641 injuries and 658 fatalities in a single year.
To find the best boat insurance quote online in 2024, check rates from a number of insurance companies. You can do this by using an online yacht insurance comparison tool or by contacting each company personally.
1. Geico Boat Insurance
GEICO Marine Insurance provides comprehensive coverage for your priceless pleasure boat from bow to stern. With confidence, navigate any uncharted waters. The organization that provides Geico boat insurance is called Boat US or the Boat Owners Association of the United States. Geico offers a variety of boat insurance choices to meet the needs of different boaters.
The compression options that Geico offers are as follows:
Geico provides boat insurance coverage in all fifty states and the District of Columbia. Geico offers both agreed-upon and actual cash value coverage. In the case that your boat is totaled in a covered incident policies with agreed value will pay the agreed-upon value.
2. Progressive Boat Insurance
Progressive is a reliable insurance company that offers a wide range of insurance products, including boat insurance. In general to be eligible, your boat needs to be under 50 feet and worth less than $500,000. But take note stricter regulations accompany stormier waters! Boats may need to be less valuable ($175,000) and shorter (35 feet) in states that are prone to hurricanes in order to qualify.
3. State Farm Insurance Providers
For a just $138 a month, State Farm's full-coverage policy for safe drivers offers excellent security, making it a wise investment for peace of mind.
With State Farm, discover your potential for savings! With Drive Safe & SaveTM you can take charge get discounts and save up to 30% on your next policy by tracking your driving.
Although rates for drivers with a history of traffic violations, including as accidents or DUIs, may increase, State Farm can still offer coverage options.
A few benefits of State Farm Boat Insurance are as follows:
All things considered State Farm Boat Insurance is an excellent option for boat owners looking for a range of options at a reasonable price for coverage.
4. Farmers Boat Insurance
Farmers offers a variety of boat insurance alternatives to meet the different needs of boat owners. Their Marine Choice policy allows you to pick the coverage options that best fit your requirements.
Farmers also offers a number of savings on boat insurance, such as lower rates for bundling policies keeping a spotless sailing record and signing up for safety courses.
5. Liberty Mutual's Boat Insurance
Think of the excitement of being in the open ocean, sun-kissed skin and the rhythmic lapping of the waves. Like any journey boating offers excitement and freedom but planning is necessary. This is where Liberty Mutual boat insurance comes in providing a reliable base for your underwater adventures.
Boat insurance from Liberty Mutual is more than just a box to be checked. It all comes down to figuring out what your particular demands are and designing a policy that is just like your boat.
Liberty Mutual offers a variety of boat insurance alternatives to meet the needs of different boat owners.
Among their schemes are:
If you are struck by a boater whose insurance is insufficient underinsured or uninsured boater coverage will cover you and your passengers injuries as well as any damage to your vessel.
Recall that having the proper boat insurance gives you the confidence to fully enjoy the voyage much like a well-fitting life jacket.