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.

At Insurance Navy, we will also help find you any discounts you might be eligible for.

The following discounts can be added to your policy:

Safe boater

You qualify for a safe boater discount if you have no accidents or violations in the last three years.

Accident free

If policyholders go 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 townhome owners 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 watercraft.


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

Safety course

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

Do you need more information about watercraft insurance discounts? Our agents and customer service representatives are here to help. Call us today at 1-888-949-6289 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.

*Please review your own policy carefully for details on watercraft insurance. Discounts vary by insurance provider and policyholder eligibility.