Powerboat Insurance

Get powerboat insurance for as low as $100/year for a liability policy*

Powerboats, also known as motorboats, can encompass anything from a runabout to a yacht. They’re used for everything from water sports to fishing, but the common characteristic is a capable propulsion system. With speed comes a higher risk of accidents, so you’ll want to make sure you and your speedboat are properly insured before you hit the water. Quote powerboat insurance online, and you can get immediate coverage.

Do you need powerboat insurance?

Only a few states require boat insurance. However, with many motorboats capable of high speeds, it’s advisable to carry boat insurance in case of an accident. Not only is it wise to insure your powerboat against physical damage, but you’ll also want to consider boat liability coverage in the event you’re responsible for someone else’s injuries or damages while boating.

Get more information on your state’s boat insurance requirements and learn how boat insurance works.

How much does motorboat insurance cost?

At Progressive, a powerboat insurance liability policy starts at $100/year.* Many factors will go into determining your exact rate, including your type of powerboat, boating history, and location. We offer a variety of boat insurance discounts to help bring down your price, including one for being the original owner of your powerboat.

Learn more about the cost of boat insurance.

Popular powerboat insurance coverages

Sign & Glide® on-water towing

Progressive’s Sign & Glide® on-water towing pays for jump-starts, soft un-groundings, and fuel delivery if your boat is disabled on the water. Simply call our dispatch center or download and use the app. We’ll arrange for and pay the tow operator directly. You pay nothing out of pocket except for the cost of the delivered fuel.

Propulsion Plus® mechanical breakdown coverage

Progressive can pay to repair or replace the lower unit of an outboard motor, or upper and lower units of an inboard/outboard motor if you have a mechanical breakdown, even if it's caused by wear and tear. Propulsion Plus is an optional coverage.

Water sports coverage

Covered at no extra cost on every Progressive watercraft policy, we can pay for any injuries or damages to property for which the boat owner is liable. Tubing, knee boarding, wake boarding, wake surfing, and waterskiing are typically covered. Note that parasailing, kite boarding, or other activities in which someone is pulled through the air are not covered.

Replacement cost personal effects

You can add up to $10,000 in coverage for stolen, damaged or lost items that aren’t boating-related, like cell phones, tablets, clothes, sunglasses, and cameras. We also offer a separate fishing equipment coverage to cover fishing rods, tackle, tackle boxes, and more.

See all the available boat insurance coverages for your powerboat.

Tips for quoting powerboat insurance

  • Know your powerboat’s, year, make, and model for the most accurate quote; you’ll need your hull identification number to start your policy
  • If your boat manufacturer isn’t listed when you start your quote, we’ll ask about your powerboat’s hull length, hull material and propulsion type
  • Completing a boater safety course may lower your insurance rate
  • You’ll have the option to obtain insurance for your boat trailer

Get powerboat coverage from a leading boat insurer

Get a quoteOr, call 1-855-347-3939