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Boat Insurance Pricing and Information

By April 7, 2021September 29th, 2021Home

If being on the water tops your list of fun things to do, you are probably a candidate for boat ownership in the not-too-distant future. While your thoughts might be focused on speeding across the water or simply relaxing on it with a cold drink and your favorite book, you will have to deal with one of the practical aspects of boat ownership first—namely, boat insurance.


How much is boat insurance?

Boat insurance companies will rate the premium based on several factors:

  • Your motor vehicle driving record: Safe automobile drivers are apt to be safe boat drivers.
  • Your history of insurance claims: You will likely pay more if you have filed several boat insurance claims in the past.
  • Safety courses and equipment: If you have taken a certified safety course and have Coast Guard-approved fire extinguishers and radios on board, you will pay lower boat insurance premiums.
  • Your boat’s horsepower: Boats with more horsepower typically result in a higher boat insurance quote.
  • The boating experience of other drivers: A teenage son on your policy as a driver will likely increase your rates.
  • Area of the country: If you are using the boat where there are natural hazards–hurricanes, for instance—your rates will be higher. Unsurprisingly, the boat insurance cost in Florida is higher than average.
  • Your boat’s specifications: The year, make and model of the boat and motor, and whether you have an inboard or outboard motor, all factor into the rates.
  • Your credit score


What does boat insurance cover?

  • Physical Damage: Protects the boat itself.
  • Property Damage: Liability pays for expenses resulting from property damaged during an accident you caused.
  • Bodily Injury: Liability covers expenses related to injury to others in an accident you caused. These expenses could include medical bills, lost wages and pain and suffering, plus defense costs.
  • Uninsured/underinsured boaters: Coverage can pay for bodily injury, lost wages, pain and suffering for you, your passengers, and family members in an accident caused by a boater with no insurance or insufficient insurance.
  • Medical Payments: Coverage can pay for a smaller amount of medical or funeral expenses for you, your passengers and others on your policy.

You may also have to show proof of insurance before some marinas and yacht clubs will allow you to dock your boat there. Even if no one is making boat insurance mandatory, it is an excellent way to protect your investment.


Let one of our insurance experts answer your questions about boat insurance.

The insurance professionals at White Cloud Insurance are here to help you protect your boat. We represent the finest and most reputable insurance companies in the country, and we will work with you to find the coverage that provides the best protection for you. We are an independent insurance agency in Miami Lakes, FL, so call or visit us for all your insurance needs. Use the convenient contact form, call us at 305-556-1488, or send us a message at