How Much Does Marine Boat Insurance in California

With its 840 miles of coastline and many beautiful lakes and rivers, Marine Boat Insurance in California is a great place for owners of watercraft. It therefore comes as no surprise that residents of this state have registered around 700,000 boats. Whether you’re taking your yacht out on a Pacific cruise, using your motorboat for a day of waterskiing on Lake Tahoe, or spending a relaxing day fishing on your bass boat on the San Joaquin Delta, you can benefit from having the protection afforded by a solid boat insurance policy.

If you find water activities in boat insurance cost per month in california fun and appealing, then buying a boat is something that might have crossed your mind. Whether you’ll be sailing, speed boating, yachting, or fishing, you want to consider getting insurance. How much is boat insurance in California?

Boat insurance in California costs around $300 to $500 per year on average. In general, the annual boat insurance premium is around 1.5 percent of a boat’s value. For example, if you own a $25,000 boat, then your insurance premium can cost approximately $375 annually or $32 monthly.

If you live in California and are in need of Marine Boat Insurance in California, there is no better time than now to contact us for a boat insurance quote. You can give us a call or complete the free online quote form. Either way, this will put you on the right track to buying the perfect policy.

It’s likely that your boat didn’t come cheap. Regardless of whether you own a yacht or just a bass fishing boat, having the right California boat insurance policy will be of great help in case of damage, injury or or theft.

What Is Boat Insurance and Why Is It Important?

Boat insurance is designed primarily to cover boats that have motors or sails. New boats can cost a lot of money, so for many, this coverage is well worth the investment.

The US Coast Guard reports that California boaters are involved in an average of 375 accidents a year.

In fact, in one recent year, boating accidents in this state resulted in 311 injuries, 39 deaths, and $6.94 million worth of property damage. That’s a lot of expensive losses for uninsured boaters in the Golden state.

Does California Require You to Insure Your Boat?

In California, it is not necessary to have insurance to register your boat because this coverage is not required by law.

You may, however, need to carry coverage in order to dock your boat at certain marinas. Also, if you have financed the purchase of your boat and have not yet paid it off, your lender may require you have a policy.

Whether or not it is required, it is often a good idea to have it because it can save you a lot of money if you cause a boating accident or if your watercraft is lost or damaged.

How Much Does Boat Insurance Cost in California?

The average cost of a boat insurance policy in California is around $348 a year. At a cost of less than $1 a day, the peace of mind a good boat insurance policy can provide you with is very inexpensive.

Of course, there are several factors that go into calculating costs, so your actual quoted price may be significantly higher or lower than this average amount. Rates for coverage can be influenced by the following factors.

• The type of boat you are insuring (e.g., speedboat, fishing boat, cabin cruiser, yacht, etc.)
• Details about your boat including its value, age, length, and engine size
• Where you will be keeping your boat when not in use
• Your driving record and claims history, both on and off the water
• Whether you and other members of your household have completed a boating safety course
• The amount of coverage you are purchasing
• The size of your deductible

When you bundle your boat insurance with other policies like car insurance, home insurance, or renters insurance, you can typically receive rate reductions on all of your bundled policies.

What Is Not Covered by California Boat Insurance?

As with any type of insurance, boat insurance has some limitations. Policies can vary in their coverage exclusions, but for the most part, you can expect that your boat insurance will not cover the following.

• Damage to your boat trailer
• Normal wear and tear on your boat
• Mold damage
• Damage caused by marine life, insects, or animals
• Faulty machinery (unless you have been given the option to include mechanical malfunction coverage to your policy)
• Accidents that occur when a person who has not been named on your policy is operating the boat

Keep in mind that unless you have specifically purchased endorsements for boat equipment and personal effects, your policy will not cover accessories like lifeboats, anchors, and modifications.

Conclusion

So how much is boat insurance in California? Boat insurance in California costs around $4 per year on average or about 1.5% of the value of your boat.

This amount will be dependent on the specific type of boat you own, the specific coverage you want to get, and other vital factors mentioned in this article.

Also, remember that while recreational water lovers are not legally required to get boat insurance in California, you can still benefit from getting even the most basic policy. Just make sure that the coverage you are getting is truly perfect for your needs.

With its 840 miles of coastline and many beautiful lakes and rivers, Marine Boat Insurance in California is a great place for owners of watercraft. It therefore comes as no surprise that residents of this state have registered around 700,000 boats. Whether you’re taking your yacht out on a Pacific cruise, using your motorboat for…