Watercraft Insurance Costs

Firstly, it’s key to know watercraft insurance costs before purchasing. According to Value Penguin, the average cost of boat insurance is $429 a year. However, the cost will vary depending on location, the type of boat being insured and the coverages the policyholders select.

Our watercraft insurance covers a bevy of different boat types for boat owners, including pontoon boats and fishing boats. Give us a call today if you’d like to get a free boat insurance quote. At Insurance Navy, we will also help find you any discounts you might be eligible for.

We can help add the following discounts to your policy:

Safe Boater

You qualify for this if you have no accidents or violations in the last three years.


If policyholders experience a policy term without any at-fault accidents, they will receive a discount when they renew their contract.

Pay In Full

If the insurance policy is paid in full, policyholders will automatically receive a lower rate.


Home, condominium or town homeowners receive a discount. Even if the property is not insured with our company.

Original Owner Discount

If the policyholder is the only person who has ever owned the insured boat, they will receive a discounted insurance rate.  

Multi Boat

Receive another discount if you insure more than one boat or personal watercraft.


Bundle at least two of our services and save extra money on your premium.

Safety Course

Submit proof of completing a state-approved safety course for even more savings.

More Information

Need more information about homeowner’s insurance, life insurance or liability coverage? Our agents and customer service representatives are here to help with your optional coverage needs. Call us today at 888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy is open from 8 a.m. to 9 p.m. CST, 7 days a week.

We also have a strong presence on social media. So, like or follow us on Twitter, Facebook, Instagram, or Pinterest. After that, we can keep you updated on helpful tips and news regarding property damage, medical payments following physical damage and much more.

Lastly, we also have blogs that may help you with any questions you have. For instance, our blogs cover many different topics. From how often you should shop for car insurance, to information on the Uber rewards program.

*Please review your own policy carefully for details on watercraft insurance. Boat insurance costs and discounts vary by state, insurance provider and policyholder eligibility.