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frequently asked questions

saving on your boat insurance

Esurance's partner provides affordable boat insurance, and here are some ways you can save even more.

Costs

How to save

Payment options

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Costs


How much does boat insurance cost?

This depends on a number of factors, including the size and value of the boat, how often you use it, and your boating experience. Our partner also offers multiple discounts.

Boat insurance policies start as low as $100. You can find out how much you'd pay by getting a free boat insurance quote.

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How much will my rate increase after I file a claim?

As with many types of insurance, the amount your rate increases depends on the cost of each claim and the number of claims filed over your policy term. If you file a small claim, our partners have a program called "unlimited small-accident forgiveness" that pays for claims of up to $500 without affecting your rate. And a boat insurance policy bought through Esurance will not be canceled or not renewed simply because of your accident history.

On the flip side, if you do file a claim, you may no longer qualify for specific discounts like Responsible Driver and Claims-Free Renewal. By taking an approved boater safety course, you could qualify for the Safety Course discount to counterbalance any potential rate increases.

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How to save


Can I get discounts on boat insurance if I'm a good boater?

Yes. Our partner looks for ways to reward safe boaters. That involves discounts like the Responsible Driver discount, the Safety Course discount, and the Claim-Free Renewal discount.

The Responsible Driver discount applies if you've had no vehicle accidents or violations for the past 3 years or more. The Safety Course discount kicks in after you take an approved boater safety course to improve your safe-boating skills, and the Claim-Free Renewal discount automatically lowers your premium after you complete a policy term without any at-fault accidents.

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Will I be rewarded if I'm a safe boater?

Yes. Our partner offers a loyalty rewards program to make sure your safe-boating history is consistently rewarded. The highlight of this program is disappearing deductibles. For each claim-free term, your deductible is cut down by 25 percent. If you complete 4 back-to-back policy terms without filing a claim, your deductible amount is zero.

Another way safe boaters are rewarded is through large-accident forgiveness. If you have an accident in your fifth or later policy term that disrupts a 3-year or longer streak of safe boating, your rate will not increase as a result.

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Are there discounts I could get to help me save on boat insurance?

Yes. Our partner offers the following discounts:

  • Responsible Driver
  • Home Owners
  • Original Owner
  • Paid-in-Full
  • PWC Idle-Assisted Steering
  • Multi-Boat
  • Multi-Policy
  • Safety Course
  • Claims-Free Renewal

If you buy a pair of brand new PWCs with idle-assisted steering devices, take an approved safety course, own your home, have a history of safe driving, and pay your premium in full, you might qualify for 8 discounts on your boat insurance. Impressive!

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Will I save money by canceling my boat insurance policy in the off-season?

Not necessarily. While you would save on monthly premiums, your boat is still at risk during the off-season. That means if your boat is damaged by fire, flood, or vandalism, or if your boat is stolen, you'd be responsible for paying all damages out of pocket. Plus, you will lose out on tenure-based benefits like disappearing deductibles and large accident forgiveness.

If you need to save money on boat insurance in the off-season, consider lowering your liability limits and dropping coverages like uninsured boaters, emergency labor and towing, and personal effects. You'll remain eligible for continuity perks like the diminishing deductible and Claims-Free Renewal discount … just don't forget to readjust your policy prior to next boating season!

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If I raise my deductibles, will my premium go down?

Typically, yes. You can save on your boat insurance premium by raising your deductibles. Just like any kind of insurance, it's important to consider how much risk you're assuming in exchange for lower monthly or full-term payments.

Deductibles tend to range from $250 to $5,000. If you're considering raising your deductible, set it at a level you can comfortably afford.

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Payment options


What are my payment options?

When you buy a policy through Esurance, you have the option to pay your premium all at once, which nets you the Paid-in-Full discount, or on a monthly basis.

See other available discounts.

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Still have questions? We'll be happy to answer them via email or on our Facebook Wall.

This page is intended to provide you with general information about boat insurance, and to help you understand the various kinds of coverage. It does not describe or refer to any specific policy or coverage. For information about your particular coverages, including limitations and exclusions, we encourage you to read your policy contract and consult your insurance representative with any questions.