Watercraft

Are you a current boat owner or are you looking at making an investment in a boat for personal or business use? If you are a current boat owner and you insure your boat with a regular insurance company like GEICO, Progressive or Allstate you may want to consider a company that specializes in boats or watercraft to get the best deal on boat insurance quotes. Conversely many regular insurance companies offer significant discounts if you have multiple policies with them. Everyone knows that the major insurance companies offer a discount if you have multiple vehicles on your auto insurance and an additional discount if you also insure your home with them, but it is a little known fact that you can get and additional discount by insuring your boat as well. 

The only problem with this is that depending on the insurance company you may be able to get a better overall price by buying separate policies for your car, home and boat. Progressive has built an entire ad campaign about how easy it is to get your car, motorcycle or home insured and that they will even give you the premium for the same coverage for up to three competitors and have recently added boats and personal water craft to their commercial base. 

Allstate has accident forgiveness that they are advertising heavily on the radio and television. All of their ads only speak of the provision in relation to cars and do not mention boats, but it is a great feature especially if you will have new drivers on your policy whether it will be for your car OR boat. Your best bet for online insurance quotes are the regular insurance web sites like esurance.com, insureweb.com and others.

They all have options to enter boat in for the type of insurance you are looking for and will then be able to compare premiums from the various major insurance companies. Once you have some of those in hand you should try several boat specialty insurance companies and get their rates as well. 

The best specialty boat insurers are Boat US, United Marine Underwriters and NBOA (National Boat Owner's Association). NBOA offers a membership that includes towing, discounts from their Boat Equipment Store and industry leading advice from many marine experts and a discount over and above the excellent premiums they offer from many marine insurance companies. They offer the following kinds of insurance - Sea Ray Boat insurance, power boat insurance, sail boat insurance, personal water craft insurance, house boat insurance, race boat insurance, ski boat insurance, jet ski insurance, catamaran insurance, fishing boat insurance and more. 

Their main competition is Boat US which also offers a towing service and authorized service from marine dealers around the country. My father in law bought the Boat US membership that cost him $300 for a year and within a month of owning his used boat had to be towed in from the bay and the bill would have been over $600 so he paid for his membership for two years with the one tow.