How much does boat insurance cost annually?

I have my boat parked in a new marina in Florida that requires insurance. How much will it cost to insure my boat?

Answer
“Parking your boat in a marina has its advantages, with the cost that most marinas require boat insurance. You’ll want to check to see the minimum coverage needed to park there. Your insurance prices will vary depending on the type of coverage you select and the boat you’re insuring.
That said, Florida is known for high costs. The risk for boat damage due to weather and other events is high, so it will cost more to insure your boat there.
If you have car insurance already, you may be able to get boat insurance through your current company. You can often get a multi-policy discount if you choose to bundle your policies.
Shopping around is the best way to make sure you’re getting the lowest rate for the coverage you want. You can request boat insurance quotes online or use Jerry. Jerry’s licensed agents can help find you the best car and boat insurance rates, and they do this for free.”
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Sophie Newman
Answered on Sep 15, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.
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