Lowering the Cost of Watercraft Insurance

Wouldn’t you rather spend your extra cash on things more fun than insurance? That’s what we thought. Save your extra pennies for a non-rainy day, and read through some of the ways you can lower your watercraft insurance costs.

Spend More Money on Water Fun, Less on Insurance

• More expensive watercraft = more expensive insurance
  Before you buy a boat or personal watercraft, check with your agent to see what it will cost to insure it. Expensive craft cost more to repair, maintain, and insure.
• Safety saves
  Take a boating safety course, and you may save up to 15 percent on your watercraft insurance. Find a class through the Coast Guard Auxiliary or U.S. Power Squadrons. The classes are free or involve a nominal fee to cover the cost of materials. Call the "Boating Courseline" at 1-800-336-2628 for information about a class near you.
• Insure multiple policies with Safeco
  The more policies you have with a company, whether it’s for your cars, boat or home, the more substantial savings you may get. Talk to your agent about consolidating your insurance with Safeco.
• Increase your deductible
  By raising the amount you pay out-of-pocket for losses, you can save more on your auto policy. Ask your agent to explain the trade-offs.