What is the average cost of boat insurance?

How much does boat insurance cost annually? I want to insure a pontoon boat.

Answer
“Insuring your pontoon boat is a good move and highly recommended. On average, people spend between $200 and $500 a year insuring their boat.
Like car insurance, boat insurance rates depend on a variety of factors, such as:
  • The value of your boat
  • Where you live
  • How much coverage you want
  • How much you use your boat
  • Where you store your boat
To determine the cost to insure your boat, you’ll need to shop around.
If you’re currently insured, you can check with your car or homeowner’s insurance company. You may get a discount for bundling policies.
You can also request quotes online to make sure you’re getting the best deal. If you’d like help finding the right policy and price for you, try using Jerry. Text our friendly agents through the app and they can help you find the best rate for the coverage you want. And they’ll 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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