These days buying boat insurance does not have to be a hassle. If you have all your owner information, title, and registration, you may be able to buy a boat insurance policy online. Most auto insurance companies also sell insurance for boats, motorcycles, and other recreational vehicles. The process is similar to purchasing car insurance online. You will be asked to fill out information pertaining to your boat, your driving record, and the types of insurance you are looking for. Depending on the age and condition of your boat, insurance will vary in overall price.
If you have a trusted auto insurance company, you should look to them when purchasing boat insurance. You may be able to add your boat onto your existing policy and pay one bill instead of two. If your insurance company does not provide boat insurance, you can compare policies offered by different companies online. This will help you make an informed decision and maybe save you some money. Having this type of insurance when you own a boat is important because you need to be prepared in case your boat is stolen, is damaged by another boat or a natural disaster, or if you plan on leaving your boat at a marina. Many marinas insist you have insurance or you will not be able to dock there.
Boat insurance costs will also depend on the type of boat you have. If you have a speed boat such as a cigarette boat, you should expect to pay more since the parts on these boats will cost more to replace. If you have an older fishing or pontoon boat, you may be able to pay less. The area you live in will also determine the cost of boat insurance. If you live in an area that has yearly hurricanes or flooding, your premium will be higher. But if you live in an area that is not at risk from natural disasters, you will pay less.
If you have a brand new boat, your insurance premiums will be higher. This is similar to buying a new car. Purchasing an older boat may not always be the answer. Older boats may have damage, they may not include exactly what you want, and they may not last as long. Even though you will pay more for boat insurance on a new boat, it may be worth it. Take your time buying boat insurance. You can use the internet to find the best deals and in many cases, you will be able to print off temporary insurance cards immediately after buying your policy.