Boat and Watercraft Insurance

Insure your boat or personal watercraft without getting soaked.

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It’s almost the weekend and you’re ready to get boat insurance and get out on the water. With local independent agents in most of America’s boating capitals, we understand the lure of relaxing on the water, whether it’s a lake, river, or the ocean. We know the ins and outs of insuring your bass or fishing boat, cabin cruiser, ski boat, sailboat, or pontoon. We’ll also insure your Jet Ski®, WaveRunner®, or other personal watercraft. Get comprehensive boat insurance coverage that protects you, your friends and family, your boat, your PWC, and your boating gear for an entire year. With Safeco Boat and Watercraft Insurance, not only is your watercraft covered in the water, but it’s covered on land too.
Boat and Watercraft Insurance Coverage Options
Choose a basic watercraft insurance policy or add fully-loaded coverage with the Safeco Captain’s Package. Be protected on the water and on land, with agreed value boat insurance for you, your passengers and your boat or PWC.

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Boat and Watercraft Insurance Discounts & Savings
Insuring your boat costs much less than you may think. In fact, the average boat costs about a dollar a day to insure. Talk to your local independent agent about how to lower your boat insurance rate with our many watercraft savings and discounts.

+Be a Safe Boater-Be a Safe BoaterBe a Safe Boater
Save up to 15 percent when you complete a boating safety course. Find a class through the Coast Guard Auxiliary or U.S. Power Squadron.

Save up to 5 percent when you complete an approved National Association of State Boating Law Administrators (NASBLA) state-administered course. Some states require young boaters (usually age 16 or younger) to complete an approved safety course before operating a boat.
+Own a Diesel-Own a DieselOwn a Diesel
Save up to 10 percent when your boat is powered by an inboard diesel engine.
+More Than One Policy-More Than One PolicyMore Than One Policy
Qualify for a discount when you also carry an auto, motorcycle, home, condo, renters, or RV policy with Safeco.
Frequently Asked Questions
+Why do I need boat insurance?-Why do I need boat insurance?Why do I need boat insurance?
Most states do not require you to have boat insurance. However, boat insurance offers protection from theft and liability in case of an accident. If you get a loan to pay for your boat, your lender will most likely require you to carry boat insurance. If you have homeowners insurance, your policy may provide only limited coverage for boats and probably doesn’t cover injuries or accidents while you're on the water. Many types of boats are probably excluded from coverage on your homeowners policy. To make sure you're covered for boat injuries like water skiing accidents, theft and damage, you’ll need boat insurance. If the other guy doesn’t have boat insurance, you’ll need coverage for uninsured and underinsured boaters. Talk to your local independent agent to find out more.
+I use my boat for racing. Is Safeco boat and watercraft insurance right for me?-I use my boat for racing. Is Safeco boat and watercraft insurance right for me?I use my boat for racing. Is Safeco boat and watercraft insurance right for me?
Safeco insures sailboats used for racing, but not powerboats designed or used for racing. If you race sailboats, yes. If you race powerboats, no.
+Can I insure my boat or watercraft for use year-round?-Can I insure my boat or watercraft for use year-round?Can I insure my boat or watercraft for use year-round?
Yes. It’s inexpensive to be protected with high-quality coverage that lasts for an entire year. Even if you're not using your boat while it's in storage for the winter, it's still important to protect yourself against fire, theft, vandalism, and even liability.
+Can I get a discount for taking a safety class?-Can I get a discount for taking a safety class?Can I get a discount for taking a safety class?
+What if I need to have my boat towed in an emergency?-What if I need to have my boat towed in an emergency?What if I need to have my boat towed in an emergency?
If your policy includes physical damage coverage, we’ll pay up to $500 to cover the cost of on-water towing.
+Can I get liability coverage for the people I take out fishing on my charter boat?-Can I get liability coverage for the people I take out fishing on my charter boat?Can I get liability coverage for the people I take out fishing on my charter boat?
Safeco insures personal-use boats and PWC only. We do not insure watercraft used for commercial or business purposes.
+How is the agreed value of my boat determined?-How is the agreed value of my boat determined?How is the agreed value of my boat determined?
The agreed value of your boat is determined by consulting a local dealer, BUC guide, ABOS Blue Book or NADA guide. If your boat is less than two years old, a bill of sale may be used. Any permanently attached equipment, like ship-to-shore radios, depth finders, loran and GPS systems, fish finders, radar, and sonar systems, is included in the boat’s value so make sure your coverage amount takes that into account. Ask yourself the question “If I were in the market to buy my boat today, how much would I have to pay for it?” Your answer will give you a good sense of agreed value.

Find a Local Independent Agent
A local independent Safeco agent can help you discover the boat and watercraft insurance coverage you need to fit your unique situation.