How to Tackle the Average Cost of Boat Insurance

By Andy Whitcomb

Aug 22, 2022

Boat insurance offers protection much like auto insurance. The average cost is influenced by variables of your boating situation. Here are some thoughts on seeking an average cost.

What is Boat Insurance?


Boat insurance is similar to automobile insurance; it helps cover damages caused by an accident. It seems that not all states require boat insurance, however if you plan on docking in any marina, you’d better have it. Coverages of policies range greatly and thus, so do the prices. To learn about the current average boat insurance cost, do your homework and investigate insurance options that best fit your circumstances, perhaps starting online. Estimating the average cost of boat insurance will then require a little math from the figures you collect.

Price Determining Factors

One way the average cost of boat insurance can be influenced is by location. One company shared that the average boat insurance cost in northern states is lower simply because of the shorter boating season. Bigger, more expensive boats tend to be found along coastal states, thus the increase in the average insurance cost for a boat in those states.

Other Considerations

If you are on a quest for a specific figure for the average monthly cost of boat insurance, try not to go overboard. There are so many continually changing variables such as what you want covered, the boat’s age, the deductible amount, or type of boat that I won’t even try to float any exact cost figures in this post. For example, I read where one company considered fishing to be a simple, laid back activity and implied that these boats had a lower insurance rate than say, “power boats.” They might need to create a new category for the 70 mph fishing tournament boat that I’m saving for.

Researching for this topic, I contacted my insurance company. Towing the trusty, old boat is covered by my truck policy and there is even modest coverage from my homeowner’s policy. However, someday there will be a serious upgrade in my watercraft. For peace of mind, covering potential damages, and protecting this new investment, after registering my future fishing boat, I’ll certainly be shopping for an updated average cost of boat insurance that helps me maintain an even keel.

Andy Whitcomb
Andy Whitcomb
Andy is an outdoor writer ( and stressed-out Dad has contributed over 380 blogs to since 2011. Born in Florida, but raised on banks of Oklahoma farm ponds, he now chases pike, smallmouth bass, and steelhead in Pennsylvania. After earning a B.S. in Zoology from OSU, he worked in fish hatcheries and as a fisheries research technician at OSU, Iowa State, and Michigan State.