How much is boat insurance?
Whether you're sailing the high seas or relaxing on the lake, protect yourself and your crew with a policy that can start as low as $25* per month. The cost of boat insurance may be more affordable than you think. Protect your boat, your family and your budget with affordable coverage from Allstate.
Do you need boat insurance?
While boat insurance is not required in most situations, it may help prevent you from paying out of pocket for expenses such as potential medicals bills and repairs for another person's property. There are always potential risks on the water. Boat insurance is a financial safety net that protects you from injuries or damage you cause to others while boating. Additionally, it can also cover your watercraft and trailer if they’re stolen or damaged. Enjoy peace of mind with a comprehensive boat insurance policy from Allstate.
What does boat insurance cover?
A typical boat insurance policy may help cover a motorboat, sailboat or personal watercraft if it's stolen, in an accident or damaged by a covered peril like fire or lightning. It may also protect you if you accidentally injure someone or damage their property with your boat. Additionally, your policy may cover certain parts of the boat itself, including the machinery, hull and more. Allstate's boat insurance offers many types of coverage, from medical payments coverage and liability coverage, to property coverage and emergency services coverage.
Common types of watercrafts covered by boat insurance
There are several different types of watercrafts that are covered by a boat insurance policy. The most common are:
Also known as motorboats, these have a capable propulsion system and can encompass anything from a runabout to a yacht.
Simple to operate and maintain, these boats often include a trolling motor and are typically used for lowkey activities like fishing and observing nature.
Typically, this is the standard type of boat when it comes to relaxing on the water, although adrenaline junkies can also use them for racing.
These lightweight, spacious and versatile water vessels are easily customizable and include different types of pontoon boats, such as traditional pontoons, tritoons and luxury pontoons.
Fast and flexible with an inboard jet drive, these types of watercrafts are typically used by thrill seekers, and can include jet skis, WaveRunners and Sea-Doos.
How to compare boat insurance quotes
When you're gathering quotes from multiple companies to find the best boat insurance for your needs, be sure to choose the same coverages, limits and deductibles for each quote.
- Review the types of coverage included in the standard policy, and then consider any other optional coverages you might want to add.
- Be sure to think about your personal finances when selecting a limit, which is the maximum amount the insurer will pay for a covered claim.
- Some boat insurance coverages come with a deductible, which is the amount you'll pay out of pocket toward a claim. Remember to select the same deductible on each coverage for every boat insurance quote you request.
Types of boat insurance coverage
Here are some standard types of boat insurance coverages:
Watercraft medical payments coverage
Helps pay for some of your medical costs or funeral expenses if you, or anyone on your boat, is injured in an accident.
Uninsured watercraft coverage
Helps pay for injuries you, your family or anyone on your boat sustain due to an accident with an uninsured boater.
Watercraft liability coverage
Helps protect you from paying repair or replacement costs, medical costs, loss of income and funeral expenses of other people involved in an accident.
Helps pay for damage to your boat if someone hits your docked boat or if you're involved in an accident with another boat or something else, such as a pier, buoy, dock or debris.
Boat insurance coverage limits and deductibles
Most coverages in a boat insurance policy come with a deductible, and all coverages are subject to limits. When it comes to deductibles, this is the amount of money you pay out of pocket to repair or replace your boat if you have a claim covered by your policy. This means that choosing a higher deductible means you might pay less for your insurance premium now, but you could also end up paying more later if you have an accident. As for coverage limits, if you have an accident claim covered by your Allstate policy, Allstate will pay for damages up to that coverage's limits. Therefore, a higher limit means you might pay more for your insurance premium now, but it could help protect you from having to pay other people's damages later.
Play it safe on the water
You'll enjoy your voyage even more knowing you're doing your part to protect your boat and your passengers. Simple things like sharing information, carrying a VHF radio and having a navigation system go a long way in ensuring your journey is as safe as possible.
Discover tools & resources to help prepare you for all of your boating adventures.
Boat insurance FAQs
Whether your boat is in use or stored for the season, certain risks, such as fire or theft, can happen any time during the year. Without boat insurance, you may have to pay out of pocket to repair or replace your watercraft if it's stolen or damaged during the winter months.
A boat policy typically helps cover physical damage to your boat, whether it's on the road or in the water, up to the limits of your policy.
In general, yes. Boats stolen from your dock, the marina or from a mooring typically fall under the property coverage portion of your policy. Boats stored inside a marine storage building may be covered by the building owner, but your policy could provide secondary protection. A boat insurance policy may also cover your boat if it's stolen while transporting it on a trailer. If someone breaks into your boat, permanently attached equipment is generally covered, but any personal belongings (both boating- and non-boating-related) typically get limited or no coverage from a standard boat insurance policy.
With Allstate, you can get boat insurance for about $25* per month. Cost may vary, however, depending on factors such as the type of boat your own, the types and levels of coverage you purchase and the amount of your deductible.