Home » Factors That Impact the Cost of Boat Insurance
December 5, 2023
Debonie Thompson

Factors That Impact the Cost of Boat Insurance

We all know that owning a boat can be loads of fun, but there are many other responsibilities that come with ownership. Being a responsible boat owner is what allows you to enjoy your boat with complete peace of mind. Part of that includes carrying adequate boat insurance. Do you know the different aspects that impact the cost?


Where you are located can have a powerful impact on how expensive your boat insurance policy is. Boat insurance in coastal states and southern states tends to be more expensive. This is in part because boats in these regions tend to be larger. Southern states also tend to see longer boating seasons. Because of the increased risk that the insured takes on, the cost of the policy will also be increased. Vermont is both a landlocked state and is more northern, so you can usually expect boat insurance to be more affordable than these other regions.

Boat Details

Depending on your boat and experience, the overall cost of your insurance can fluctuate. Newer boats and boats with more horsepower tend to be more expensive to insure. If you are a newer boat owner and have less experience on the water, you may pay more for insurance than a more experienced owner.

Policy Add-Ons

Naturally, adding extra coverage to your policy is going to increase the overall cost of your insurance. Take a good look at your policy and see what it covers. Then, look at the policy add-on options. Not all add-ons make sense for all boat owners, but there may be some options that can provide you with additional peace of mind. Think about your budget, your needs, your boat, and situations you’re likely to find yourself in. This will help you balance what you need from your policy with its cost.


Boat insurance, like many other forms of insurance, is one of those things that you probably don’t want to have to pay for, but that you’ll be incredibly grateful for should you need it. While the state of Vermont technically doesn’t require boat owners to carry boat insurance, it’s still a good idea. You’ve put a lot of money into your boat, so give it the protection it deserves. Plus, boat insurance is uniquely positioned to do exactly that.

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