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Some discounts, coverages, payment plans and features are not available in all states or in all situations. GEICO has teamed up with its subsidiary, BoatUS, to bring boaters a policy developed by experts, with the great service you expect from GEICO. Policies are underwritten by GEICO Marine Insurance Company.
We'll also discuss special coverage options for particular use cases or types of boats. Best Overall: Geico Marine » Best for Fishing Enthusiasts: Markel » Best for Yacht Owners: Chubb » Best for Jet Ski and Personal Watercraft Owners: SkiSafe » Best for Houseboats: American Family » Best for Discounts: Progressive »
Examples of the types of costs covered by watercraft insurance policies include physical loss or damage to the boat, theft of the boat, and towing.
Commercial boat insurance?also called commercial marine insurance, ocean marine insurance, or charter boat insurance?is a comprehensive policy that includes coverage for the commercial vessel itself as well as liability issues that may arise during its operation.
Best boat insurance companies Best overall: Geico. Runner-up: Markel. Best for discounts: Progressive. Best for high-value boats: Chubb. Best for a wide variety of boats: Foremost.
Geico earned a 9.0 out of 10.0 in our 2022 boat insurance study, which is the second-highest score of all providers we ranked.
So, as long as your boat or personal watercraft (PWC) is valued at no more than $500,000 and is up to 50 feet long, we'll most likely insure it. Don't see your watercraft listed here? Call us at 1-855-758-0941 and we'll do what we can to get you covered.