Boat Insurance Discounts

Bundle your boat insurance with a homeowners, auto, motorcycle, or umbrella policy through the same provider and receive a multi-policy discount. It’s a simple way to save without compromising coverage. Learn more about bundling ›.

If you insure more than one watercraft on the same policy, many insurers will apply a discount automatically.

Some providers reward early action. If you request a quote days or weeks before your policy start date, you may qualify for additional savings.

Already have a boat policy with another company? Many carriers offer discounts for switching—especially if your current coverage is active and loss-free.

Pay your annual premium in one lump sum and avoid installment fees. Many providers offer a lower rate to reflect this lower administrative cost.

Opt in for paperless delivery of your policy documents and billing notices, and you could receive a modest discount.

Choose electronic funds transfer (EFT) or autopay and many insurers will reduce your rate.

Complete an approved boating safety course, and you may qualify for a rate reduction. Applies to both new and experienced boaters.

Maintain a clean driving and boating record—no violations, accidents, or claims for the past three years—and you may earn meaningful savings.

Some insurers offer lower rates to operators with five or more years of documented boating experience.

Even without bundling, being a homeowner can qualify you for a lower boat insurance premium.

If you’re the original owner of your boat and you carry comprehensive and collision coverage, you may receive a discount.

Members of groups like the United States Power Squadrons (USPS) or U.S. Coast Guard Auxiliary (USCGA) may be eligible for discounted rates.

Some insurers provide credits or lower rates to policyholders with a history of continuous coverage, even if those policies are in different lines of business.

Boats with diesel engines may qualify for a discount due to lower fire risk.

Some insurers waive the first accident-related rate increase if you’ve maintained a clean record for a set number of years.

For each claim-free policy period, your deductible may be reduced—sometimes by as much as 25% per year—until it reaches zero.

Choosing the right deductible and liability limits can help you find a better balance between protection and premium.

Boats with diesel engines may qualify for a discount due to lower fire risk.