On average, boat insurance costs a few hundred dollars, though it can run over $1,000 per year, depending on the type of boat and your personal profile. The type of boat, its length, and the expected use of the boat will largely dictate your boat insurance rates. Whether you have a speed boat, a small fishing boat or a yacht will make a big difference in what you pay.

Here are some factors that can affect your boat insurance costs:

  • Use of the boat
  • Motor vehicle driving record
  • Gender, age and credit score
  • Record of past boat insurance claims
  • Boat specs
  • Location of residents (Remember that Florida insurance is different from insurance in other states for many reasons, like higher risk of storm and flood damage, and access to boating year-round.)

If you are in the market for a new boat, let us provide you with a quote. We can factor in the cost of your coverage, so you can determine which boat you can afford. Or looking to make the switch to a new insurance provider let us give you a competitive quote.