Nearest Office:

Boat Insurance from Insurance Navy™

There’s nothing quite like hitting the open water on your own boat, just cruising around and enjoying the day. But what happens when the voyage takes an unexpected turn? Boating accidents can happen fast and are not as uncommon as you may think.

If you have the unfortunate experience of being caught up in one, you are going to want to be protected with an affordable boat insurance quote.

Boat and watercraft insurance coverage can give you the peace of mind needed when being the captain of your vessel. It provides financial assistance following a variety of incidents and can protect the investment you’ve made in your boat.

This serves as your guide into the world of boat and watercraft insurance options, covering FAQs and topics ranging from what is a personal watercraft to how much does a boat insurance quote usually cost.

What is Boat Insurance?

Boat insurance is a type of insurance coverage designed to protect your personal watercraft. It offers coverages for you and your watercraft following an incident either on or off the water, not too different from car insurance.

It can be very valuable assistance after an accident and helps to replace or repair various aspects of your personal watercraft. Whether you use your PWC in a fishing tournament or just a weekend vacation out on the water, Insurance Navy has you covered. The full extent of the coverages, cost, and what is protected is explored in deeper detail throughout this piece and in our FAQ.

What is a Personal Watercraft?

A personal watercraft is a machinery-operated water vessel that is less than 13 feet long and is driven by standing on, not in. Basically, any recreational boat, jet ski, wave runner, etc., fall into the category. Those all are classified as personal watercraft and are eligible for personal watercraft insurance.

Personal watercraft come in many shapes and sizes, and they can accommodate multiple passengers. As long as what you own is considered to be a watercraft, it will usually be regulated as any other vessel on the water.

Boat Insurance and Watercraft Coverage

Watercraft insurance provides coverage for a variety of vessels. Its very important to protect your investments in your personal watercraft. Listed below are the personal watercrafts you can purchase insurance coverages for:

Powerboats and Motorboats

If you’re looking for a motorboat that is both fast and reliable, look no further than the Powerboat. This boat is perfect for anyone who wants to hit the open water and experience all that it has to offer.

The Powerboats inboard motor or outboard engine provides plenty of power and torque, making it easy to get up to speed quickly. Plus, its durable construction ensures that it can withstand even the roughest conditions. Other names include Speedboats or motorboats.

Pontoon boats

Looking for a leisurely way to spend your days on the water? Look no further than a pontoon boat. These boats rely on sturdy pontoons to keep them afloat, making them perfect for fishing, tubing, and just relaxing in the sun. We cover all kinds of Pontoon boats from luxury to simple ones

Fishing boats

Fishing boats are a fisherman’s best friend. With all the technology and features that these boats come equipped with, fishing is easier and more efficient than ever before. There is a perfect fishing boat for every fisherman, regardless of size or budget. Also commonly known as bass boats


Sailboats are finely tuned machines that offer an unparalleled experience when sailing the open seas. Whether you’re looking for a sleek and fast monohull, or want to take on the challenge of a catamaran or trimaran, sailboats are the perfect way to explore all that nature has to offer. With a variety of keel and mast configurations to choose from, there’s a perfect sailboat out there for everyone.

Personal Watercrafts (PWC)

Whether you’re into racing around tight turns or just cruising along at a more leisurely pace, a PWC is a great way to enjoy the open water.

PWCs have inboard motors and water jet pumps, these vessels provide plenty of power and maneuverability, making them perfect for zipping around on lakes, rivers, and oceans. Some major PWC brands include Sea-Doo®, Yamaha WaveRunner®, Kawasaki JET SKI®, and Honda AquaTrax®.

Some insurers may offer coverage for other vessels like powerboats and yachts. It would be best to shop around to get a full idea of what can be protected by watercraft insurance.

The cost to insure your vessel may be directly impacted by the type of watercraft you want to purchase a policy for. Keep this in mind as you are shopping and getting a quote.

What Does Boat Insurance Cover?

There is a variety of instances boat insurance provides coverages for. Boat insurance offers service to both you as the operator and the boat itself. A standard boat insurance policy usually provides you coverage in the following listed incidents:

Repair or replacement of boat

Like car insurance, boat insurance coverage typically offers collision and comprehensive coverage when driving your boat. This means your boat will be covered for repairs or replacement following a wreck or damage you experience when not on the water (ex. vandalism to the boats hull, windshield glass or theft).

It will also typically protect your vessel from other common damages that property insurance or home insurance usually covers like wind and fire. Make sure you inquire about how much you will receive if your boat needs replacing from a total loss. Your vehicle insurance policy coverage will most likely be either actual cash value or agreed value coverage. This type of policy can easily pay dividends if you have an accident in your boat.

Replacement of personal belongings

If an accident occurs and your personal items within the boat suffer damage, boat insurance can help cover the reimbursement costs to replace them. Some items this can include are cell phones, jewelry, flotation devices, and water skis.

Damage to another boat

Property damage liability is typically included in boat insurance, not unlike car insurance. Property liability coverage protects you if you damage another boater’s watercraft or dock.

Injuries to another boat operator

Bodily injury liability is another common coverage of boat insurance. This will cover medical expenses and legal fees in the event that you injure another person in a boating accident. Some policies will even cover injuries to pets on a PWC. Water safety is very important in avoiding costly accidents in your motorboat.


If you end up stranded on the water and need emergency service, your insurance coverage can assist with a tow. Whether you’re out of fuel or have mechanical problems with your personal watercraft, roadside assistance is there to help. It’s just like roadside assistance for a car when you break down on the side of the road.


Sometimes accidents can cause fuel spills; other times, your boat just happens to have a leaking tank. Whatever the situation is, some boat insurance policies will cover you for fuel spills.

Dock damage

If your dock deck suffers damage caused by you or another boater, your insurance coverage will help cover repair costs, as it does for your boat.

The list explored above is just what a basic boat insurance policy may cover. Insurance companies may offer customers additional coverage, like boat lift coverage and fishing equipment coverage. When you are shopping for a boat insurance policy, it would be best to inquire about any add-ons from the company in case one of them can offer you crucial coverage.

Boat Insurance and Watercraft Insurance Cost

Like other types of insurance, rates vary from one person to another. Premiums are based on personal factors and boat insurance is absolutely no exception to this. Some factors you can have a hand in and customize while others are out of your control.

Your annual premiums depend on the state you live in, the size of your boat or watercraft, the type of navigable waters you operate in, how many boats you are insuring, and the size of the motor(s).

There are also other personal factors and risks insurers take into consideration, like your boating record and credit score. As for the average, boat insurance coverage could cost you anywhere from $100 to $500 per year. However, some policies can cost in the thousands. Keep this in mind when you start budgeting for your insurance policy.

Discounts For Boat Insurance Policies

Depending on the features of your boat, your insurance coverage may be a bit pricey. Thankfully, there are some discounts to help lower your annual premiums.

Outlined below are some ways you can get a discount on your insurance policy rates. For even more ways to save money, reach out to your insurance agent or company. They may know some hidden discounts not disclosed online that you qualify for.

Bundle policies with your Marine Insurance

Bundling can be a very effective way to lower the cost of insurance coverage and get discounts. Bundling means that you have multiple different types of insurance policies under one company.

For example, you could bundle your boat insurance and homeowners insurance with a single insurance company. It simply means you have more than one policy with the same company. As a thank you for doing so, insurers will give you discounts on your coverage rates.

Insurance Claims record

Being a safe boat operator can pay off in the long run. Having a claims-free record keeps your insurance premiums low, and some companies may give discounts for being a safe and smart boat owner.

At the time of your policy renewal, if you didn’t file any claims during the previous period, you may receive a discount from the company.

Take a Boating Safety Course

Completing a boat safety course shows your insurer that you are taking steps to be a safe boat which makes you less of an insurability risk. Discounts on your bill can follow as a reward.

The National Association of State Boating Law Administration can help you find the proper boat safety course to take in your state.

Operate your Boat in freshwater, not salt

Boating in freshwater instead of saltwater is a little thing that can get you discounts on your insurance bill.

Operating in saltwater, like an ocean, has a tendency to corrode the engine of the boat and cause other harm to the exterior. Failure to remove the salt can hurt your boat if it is not properly prepared for it.

By sticking to operating in fresh waters, like that of a lake or rivers, your insurer may believe you are doing less harm to your boat.

Insurance Payment Upfront

At the start of your insurance period, if you pay the company for the entire year upfront, you may receive a bit of a discount on your bill. Typically, you have to pay for all 12-months of coverage at one time to receive the break on the fee.

Do You Need Boat Insurance or Watercraft Insurance?

Whether or not you need this type of marine insurance coverage depends on a variety of factors. Some states require boat owners to carry liability coverage in order to operate a watercraft. Other states don’t have any laws stating such. It would be best to check your state’s rules and regulations when going to purchase your watercraft. If your state does not require liability insurance, where you store your boat or watercraft might.

Many docks and marinas require boaters to carry insurance in order to store their vessel with them. Along with this, if you have taken out a loan to purchase your boat, you may need to carry insurance per your lender’s request. If you are unsure about what you as a boat owner need, check the boating terms and conditions with both your state and dock or marina.

Even if you are not required to carry boat insurance, it can still benefit you greatly both on and off the water. Being caught in a boat accident without insurance can be very detrimental to you and your finances. When it comes to insurance of any kind, it is always better to be overprotected than underinsured or uninsured.

Boat Insurance During The Off-Season

Naturally, it is very tempting to cancel your boat insurance policy during the off-season. If you live in a place that experiences fall and winter, it may seem wasteful to keep your boat insured while it sits unused, but damage can still happen when your boat is sitting in storage.

Events like extreme weather, theft, vandalism, and fires can still harm your boat. Even if you are not required by your lender or storage company to carry insurance, keeping your policy active during the colder months will be beneficial. You never know what can happen when you are not using your boat, and you want to be covered.

Get a Free Boat Insurance Quote Today

Interested in boat and watercraft insurance? Reach out to one of our expert agents to customize a free quote.

Make sure you let us know the type of watercraft you are looking to insure, any valuables you wish to include in the policy, and the names of everyone (your family, friends, etc.) planning to operate the vessel.

Getting a Boat Insurance Quote with Insurance Navy is easy!

By providing us with this information, we get a better idea of the coverage you need. You can get a quote from us either at one of our many locations or online via our website and mobile app.

We are also just one call away. We have live agents standing by in our call center. Get your boat insured today and sail worry-free tomorrow.

Boat Insurance is only a click away.

Receive a personalized quote online or call Insurance Navy™ today at 888-949-6289.

*Boat Insurance may not be available in every state, please call an agent for more information.