BOATING
May 16, 2023
By NBOA
Safety Features & Equipment
Attain a discount with prevention systems and equipment, including an Automatic Fire Extinguisher System, GPS Systems, Depth Finders, EPIRBs, and Radar.
Boating Course & Experience
If you hold a current boating safety course certificate, you may be entitled to a five or ten-percent discount on your boat insurance. Additionally, along with age, the years of actual boating experience you have can result in a positive effect on your rate.
Diesel Engine, Motor, & Speed
If your boat is powered by diesel or has an outboard motor, you could save on the cost of your Physical Damage coverage or take advantage of discounts. You may also be granted credit for owning a boat with a maximum speed of 25 to 35 mph.
Current Coverage
If your boat is currently insured, you plan to opt for a multi-policy discount, and/or you have a safe boating record with no prior claims, you might be met with credit, discounts, and the best possible rate.
Personal Factors
Additional factors that can positively impact your boat insurance rate include having a clean driving record, upholding a "good" credit score, being married, and owning a home.
Choice of Coverage
Of course, opting for higher limits of coverage, such as higher liability coverage, will increase your rate. In contrast, choosing a high deductible will lower your boat insurance rate.
New Boat Discount
Your new expense can actually save you money! The newer the boat, the higher the discount.