How much is boat insurance?

Your price for boat insurance is based on numerous factors, including: Location: Watercraft insurance is generally more expensive if you boat in a coastal state. You may pay less for boat insurance in states where boating is not a year-round activity. Boat type: The year, make, and model of your watercraft will affect your policy’s cost. Boating history: Experienced boaters are less likely to have an accident on the water and will often pay less for boat insurance compared to inexperienced boaters. Prior claims: If you have a history of boat insurance claims, you could pay more to insure your boat and for liability protection. Boat insurance policies are generally affordable. Nearly 75% of Progressive’s boat insurance customers pay their policies in full. Find out more about the cost of a boat policy and learn ways to attain cheap boat insurance.

Does boat insurance cover theft?

Comprehensive coverage can pay to replace a stolen watercraft , minus your policy's deductible.

Does homeowners insurance cover boats?

A homeowners policy typically won't cover damage to your boat. Depending on the situation and your policy, personal liability coverage under your homeowners insurance may cover injuries that occur on your watercraft if you're liable.

Are carry-on items covered by boat insurance?

If personal belongings that you bring on board are lost or stolen, Progressive offers coverage of up to $10,000 for fishing equipment and up to $5,000 for other items, such as laptops, smart phones, and scuba gear.

Does boat insurance cover the boat trailer?

Damage to your boat trailer is typically covered if you add your trailer to your boat insurance policy. You're protected against damage to your boat trailer even if your boat isn't on the trailer at the time of the incident. Learn more about boat trailer insurance .

Does Progressive require a marine survey?

We don't require a marine survey to purchase a boat insurance policy.

What types of boats and PWCs does Progressive not insure?

While Progressive boasts some of the broadest acceptability in the business, there are some types of vessels that can't be added to a new or existing Progressive policy: Boats 0-10 years old and worth more than $500,000 Boats 11-20 years old and worth more than $350,000 Boats more than 20 years old and worth more than $75,000 Boats used as a primary residence (live-aboards) All houseboats Homemade boats without a hull identification number Boats with more than two owners Boats with steel or wood hulls All amphibious land boats, hovercraft, or airboats PWCs worth more than $27,000 Boats that don't meet published U.S. Coast Guard standards We also can't insure boats over 50 feet in length. In some hurricane-prone states, the limits can be 35 feet and $175,000 in value.

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Quote boat insurance today and see why Progressive insures over 1 million watercraft

A Progressive boat insurance policy is built to cover you and your watercraft year-round. Boat insurance safeguards your watercraft against damage and theft, in or out of the water. Plus, boat liability coverage protects you if you cause damages or injuries while boating.

Whether you have a pontoon, power boat, or personal watercraft, we can help you boat worry-free with a quick, customized boat insurance quote. Check out all of the types of watercraft we cover.

Ways to save

Affordable boat insurance comes easy with discounts

See why we're way above water when it comes to boat insurance discounts. Get a boat insurance quote online and we'll automatically apply each discount you qualify for to get you the best boat insurance rate.

Multi-policy

Is your home, car, motorcycle, or RV insured with us? You could save even more on your boat insurance by bundling it with another Progressive policy.

Save by bundling insurance

Boat safety course

Complete a boater safety course approved by your state and earn a discount on your policy. In some states, you may be able to take the course online.

Multi-boat

Receive a discount for having more than one watercraft on your policy.

Original owner

One of the easiest ways to save! If you're the original owner of your watercraft, we'll give you a discount.

See all boat discounts

WHY CHOOSE US?

Affordable coverage

A dependable boat insurance policy shouldn't drown your wallet.

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Specialized reps

If you have a claim, our team of boat experts can help you navigate the repair process.

Learn the claims process
Environmental focus

Have a tree planted on your behalf when you quote and buy boat insurance online.

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Types of boats we insure

As long as your watercraft is valued at no more than $500,000 and is up to 50 feet long, we'll most likely insure it.^†† Don't see your watercraft listed here? Call 1-855-347-3939 and we'll do what we can to get you covered.

Boat insurance coverage options that protect you and your boat

Progressive offers more than just standard boat coverages, so you can hit the water knowing you're prepared for any mishap.

Convenient

On-water boat towing

Progressive's optional Sign & Glide® coverage^† pays for boat towing assistance, fuel delivery,^** soft ungroundings, and jump starts. Download our Sign & Glide app on your smart phone and never worry about an on-water breakdown.

Example: You run out of gas in the middle of a lake. With Sign & Glide, call our dispatch center (number included on your policy card) or contact us through the Sign & Glide app. We'll deliver fuel and/or tow you to the nearest shore.

Recommended

Comprehensive and collision

Boat comprehensive and collision are separate coverages that can safeguard your boat against damage and loss. Comprehensive covers events beyond your control, such as vandalism and weather-related issues. Collision protects your watercraft if it collides with an object or another boat.

Example: A small fire at the marina damages your watercraft. Comprehensive coverage can pay for the repairs, minus your deductible.

Example: Your boat crashes into the dock at a high speed, totaling the watercraft. Collision may pay to replace your boat, minus your deductible.

Optional

Propulsion Plus®

Add Propulsion Plus and we may repair or replace the lower unit of an outboard motor, or upper and lower units of an inboard/outboard motor, if you have a mechanical breakdown — even if it's caused by wear and tear.

Example: Your lower unit is 10 years old and dies on you. Typically, normal wear and tear wouldn't be covered by insurance. But if you add Propulsion Plus coverage, we pay to repair or replace your lower unit.

Included

Wreckage removal and fuel spill

These are automatically included in every Progressive boat insurance policy. If your boat sinks or you're responsible for a fuel spill, we cover the bills all the way up to your policy's property damage liability limits. We only remove your sunken boat if it's legally required.

Example: Your old boat sinks while docked. The Coast Guard may require you to remove the wreckage and address any fuel spills. Just contact us to file the claim, and we cover the costs.

See all boat coverages

Is boat insurance required?

Although boat insurance is mandated in only a few states, you're typically required by your lender to carry comprehensive and collision coverage if you finance your boat. Additionally, if you dock your boat, your marina may require you to show proof of liability coverage. Find out the boat insurance requirements in your state.

While Progressive boasts some of the broadest acceptability in the business, there are some types of vessels that can't be added to a new or existing Progressive policy:
- Boats 0-10 years old and worth more than $500,000
- Boats 11-20 years old and worth more than $350,000
- Boats more than 20 years old and worth more than $75,000
- Boats used as a primary residence (live-aboards)
- All houseboats
- Homemade boats without a hull identification number
- Boats with more than two owners
- Boats with steel or wood hulls
- All amphibious land boats, hovercraft, or airboats
- PWCs worth more than $27,000
- Boats that don't meet published U.S. Coast Guard standards
We also can't insure boats over 50 feet in length. In some hurricane-prone states, the limits can be 35 feet and $175,000 in value.