Best Boat Insurance
Boating accidents are more common than most people think. The US Coast Guard counted 5,265 boating accidents alone, resulting in a whopping $62.5 million in property losses and 767 deaths.
Allstate Insurance
You can never predict when accidents will happen, but you can prepare for any potential disaster by purchasing the best boat insurance for your needs.
We've evaluated boat insurance policies from over 20 nationally recognized brands to help you decide which one offers the best boat insurance your money can buy before you hit the water. After our careful analysis, we have selected five companies that offer the best boat insurance.
Allstate
Allstate
quote
Positive
Great coverage with lots of extras
National averages are about $25 a month
Negative
Limited information online about coverage limitations and exclusions
coverage
Allstate offers a very comprehensive range of boat coverage options, including:
Watercraft Liability Coverage
property coverage
repair costs
medical payments
Uninsured Boat Coverage
Additional equipment and personal effects
trailer cover
Emergency services (such as towing, labor, fuel, oil, battery delivery)
Agreed value
Discounts
Although Allstate offers boatload coverage starting at around $25 per month, they don't shy away from discounts. You may qualify for the following when you insure your boat with Allstate:
Multi-Policy Discount - Discount when you combine your boat insurance with an Allstate Homeowners Policy
Full Payment Discount - Discount for paying the entire premium in advance
Home Ownership Rebate - Home Ownership Rebate
Boating Education Discount - Discount when you attend an approved boating safety class
Easy Pay Plan Discount - Discount when you sign up for automatic payments
determinants
Allstate does not disclose many limits on boat coverage. However, some types of coverage and deductibles are not required in all states, so it's best to contact your local Allstate dealer to check the availability of coverage and deductibles before switching to Allstate to insure your boat.
Additional privileges
Allstate offers the best of both worlds to its customers: local agents to help you with your insurance needs, plus online tools and an 800 number to get questions answered anytime.
The Allstate website also has a lot of information and resources for boat passengers, which can be especially helpful for new boaters or those with limited boat ownership experience. The company offers articles and videos on boat maintenance, handling accidents and other marine emergencies, and handling your boat and boat insurance during the holiday season.
Progressive
Best for cheap boat insurance
gradually
quote
Positive
It costs as much as $100 a year
Wide range of coverage
Lots of discounts available
Negative
Restrictions on the types of boats involved
coverage
As expected of a leader in the personal property insurance industry, Progressive offers all the major coverages and more, including:
Liability for bodily injury and property damage
Comprehensive coverage
collision coverage
Uninsured/Uninsured Vessel (UB/UIB)
medical payments
Propulsion Plus Mechanical Breakdown Coverage (Plus, starting at $38/year)
Sign up and glide with Water Diameter (Plus, starting at $30 per year)
Fishing or portable equipment
Water sports injury coverage
Remove fuel leaks and debris
Roadside assistance and trip interruption (if you choose trailer cover)
Full replacement cost
Discounts
You can save even more with Progressive by qualifying for some of the following discounts:
Advanced quote discount - for those who receive a quote and sign up for coverage at least 24 hours before it takes effect
Transfer discount - for those who transfer their boat to Progressive from another company
Multiple Policy Discount - For those who have multiple types of progressive insurance (auto, boat, motorcycle, homeowners, etc.)
Multi Vessel Discount - For those insuring more than one vessel
Union Discounts - For those who are members of the United States Coast Guard Auxiliary, United States Forces Squadron or USAA
Original Owner Discount - If you are the original owner of your boat
Responsible Driver Discount - for boats that have been accident free on the water for at least three years
Instant payment discount - deducted automatically as long as you pay on time
Full payment discount - to pay your entire premium upfront
In addition, Progressive offers these benefits that help customers save on insurance