Top 6 Best Boat Insurance Companies in the USA (2025)

Progressive is recognized as one of the largest and most trusted providers of boat insurance in the United States, offering a wide array of flexible and customisable coverage options tailored to meet the needs of diverse boat owners. Whether you're insuring a high-end yacht, a modest fishing boat, or a personal watercraft like a jet ski, Progressive provides comprehensive protection supported by years of experience in the insurance industry. Their approach is particularly appealing to boaters seeking affordable, adaptable policies and convenient service.

One of Progressive's standout features is the high level of customization they offer. Customers can select from a variety of coverage options, including liability, physical damage, uninsured boater protection, total loss replacement, and more. This flexibility allows boat owners to design a policy that aligns closely with their specific needs, usage habits, and budget. Progressive also shines in terms of accessibility and convenience, thanks to a streamlined online quoting system that makes it easy to compare plans and get covered quickly. Their customer service is generally well-regarded, providing helpful support both online and over the phone. For experienced boaters, Progressive’s rates are often among the most competitive in the industry, making it a popular choice for seasoned marine enthusiasts.

Despite its strengths, Progressive's boat insurance isn't without drawbacks. Premiums can be noticeably higher for younger boaters or those with limited boating experience, reflecting the increased risk profile that these demographics may pose. Additionally, some policyholders have reported delays in claims processing during peak seasons, such as summer months when accidents and claims naturally increase. This can be a source of frustration for those who expect quick resolution after an incident on the water.

Overall, Progressive stands out as a top contender for boat insurance, particularly for experienced boat owners looking for affordable, flexible coverage with the convenience of online management. While new or younger boaters might face slightly higher premiums, the breadth of options and quality of service make Progressive a solid and reliable choice in the marine insurance market.

State Farm offers a comprehensive range of insurance options specifically designed for boat owners, combining robust coverage with the backing of a well-established reputation for dependable customer service. Known for their personalized approach, State Farm's policies provide a level of flexibility that allows boaters to tailor coverage based on their specific needs. Whether you own a small fishing boat, a personal watercraft, or a larger vessel, State Farm aims to deliver peace of mind on the water.

One of the major strengths of State Farm’s boat insurance is the variety of coverage options and available add-ons. Policyholders can benefit from protections such as liability coverage, physical damage protection, emergency services, and uninsured watercraft coverage. This range allows boaters to create a customised insurance package that suits their unique boating habits and risk factors. Another key advantage is the strong network of local agents who offer face-to-face support and guidance, making it easier for customers to understand their policies and make informed decisions. Additionally, State Farm offers attractive discounts when customers bundle their boat insurance with other policies like home or auto insurance, which can result in significant savings.

However, there are a few drawbacks to consider. For example, premiums can be notably higher for boats considered high-risk—such as those with more powerful engines or those operated by less experienced owners. This could make State Farm less competitive in pricing for certain boaters. Furthermore, while State Farm excels in agent-based service, its online self-service features are somewhat limited when compared to more digitally advanced competitors. This might be a downside for tech-savvy customers who prefer to manage their policies online without the need to speak with an agent.

Overall, State Farm is a solid choice for boat insurance, particularly for those who value personalized service and comprehensive coverage, even if it comes at a slightly higher price.

Allstate is a well-established and trusted name in the insurance industry, and its boat insurance offerings reflect the company’s commitment to comprehensive protection and customer-centered service. Designed to meet the diverse needs of recreational boaters, Allstate’s boat insurance policies cover a wide range of scenarios—extending beyond basic protection for the boat itself to include personal belongings on board, liability coverage, and even medical payment coverage in the event of injuries. This makes Allstate a reliable option for boat owners who value a holistic insurance package backed by the convenience of a nationwide network of experienced agents.

One of the standout aspects of Allstate's boat insurance is its versatile coverage structure. Standard options include liability, collision, and comprehensive coverage, along with protection for personal effects that are stored on the boat. For those looking to go a step further, Allstate offers a variety of useful add-ons such as coverage for custom boat equipment, uninsured boater protection, and even roadside assistance specifically designed for boat trailers. This level of customization ensures that boaters can tailor their policies according to their individual needs, whether they own a fishing boat, sailboat, or high-end watercraft. Moreover, Allstate rewards responsible boating with a range of discounts—policyholders can save by completing safe boating courses, bundling their boat policy with home or auto insurance, or maintaining a claims-free record.

Despite its many advantages, Allstate boat insurance does come with a few potential drawbacks. For instance, premiums can be on the higher side, especially for owners of larger or more luxurious vessels such as yachts. Additionally, while Allstate does offer online quotes, some users report that the process is not as intuitive or streamlined as it is with other top insurers. This could be a slight inconvenience for tech-savvy customers who prefer to manage their insurance digitally without relying heavily on agent interaction.

All in all, Allstate remains a strong contender for boat insurance due to its comprehensive coverage options, dependable service, and valuable discounts. Its policies are particularly well-suited for boaters who prefer the reassurance of working with a dedicated local agent and are looking for coverage that goes beyond the basics. Though the premiums and digital interface may not be ideal for everyone, the overall quality and support provided by Allstate make it a worthwhile option for a wide range of boat owners.

Nationwide is a reputable provider of boat insurance, known for its strong commitment to reliable protection and customer satisfaction. With policies designed to cater to a broad spectrum of boat types—ranging from small personal watercraft to large, high-value yachts—Nationwide ensures that customers receive tailored coverage based on their specific boating needs. Their insurance offerings reflect a balance between comprehensive protection and service-driven support, making them a compelling option for boat owners who value dependability and peace of mind on the water.

At the core of Nationwide’s boat insurance policies are essential coverage options such as liability, collision, comprehensive, and medical payments coverage. These form the foundation of a robust insurance plan, safeguarding both the vessel and its passengers against accidents, natural disasters, theft, and third-party claims. For boaters seeking additional protection, Nationwide also provides several useful add-ons. These include coverage for personal property stored on the boat, roadside assistance for towed trailers, and rental reimbursement coverage for temporary replacements when a vessel is undergoing repairs. This layered approach to coverage allows boaters to build a policy that not only meets minimum safety requirements but also adds convenience and financial protection for unexpected situations.

One of Nationwide’s standout features is its customer support. The company offers 24/7 assistance for claims and policy-related questions, ensuring that help is always available when it's needed most. Their customer service and claims handling are highly rated, a key advantage for anyone who values a smooth, stress-free experience after an incident. Furthermore, Nationwide excels in offering specialized coverage for larger boats and yachts, acknowledging the unique risks and financial investments associated with operating luxury marine vessels. Customers can also benefit from several discount programs, including bundling discounts when combining boat insurance with home or auto policies, and savings for completing approved safe boating courses.

However, like any insurance provider, Nationwide’s offerings come with some limitations. Premiums can be on the higher end for boats that have powerful engines or high horsepower, as these types of watercraft are typically associated with increased risk. This could make the policy less affordable for owners of high-performance boats. Additionally, while Nationwide provides online quoting tools, some users have found the process to be less intuitive and more time-consuming compared to competitors with more advanced or user-friendly digital platforms.

Overall, Nationwide is a strong choice for boat insurance, particularly for customers who prioritize high-quality service, a broad range of coverage options, and specialized plans for larger vessels. Though the premiums may be a bit higher for certain boats, and the online interface could benefit from some improvements, the overall experience—especially in terms of claims support and policy customization—makes Nationwide a reliable and trustworthy provider in the marine insurance space.

Liberty Mutual offers a comprehensive and flexible suite of boat insurance policies designed to meet the diverse needs of recreational and professional boaters alike. Whether you're cruising on a small fishing boat, navigating with a high-speed personal watercraft, or maintaining a luxury yacht, Liberty Mutual’s boat insurance provides a reliable safety net. The company is well-regarded for its commitment to customer service and long-standing presence in the insurance industry, making it a dependable choice for those seeking both coverage and confidence on the water.

At the heart of Liberty Mutual’s boat insurance are standard coverage options that include liability protection, collision coverage, comprehensive damage coverage, medical payments for injuries sustained on the boat, and towing assistance. These foundational elements ensure that policyholders are protected from the financial burdens that can arise from accidents, severe weather damage, theft, or injury-related claims. For boat owners seeking extra protection, Liberty Mutual offers useful add-ons such as custom parts and equipment coverage—ideal for boats with upgraded or specialized components—as well as rental reimbursement, which can cover the cost of a temporary vessel while yours is being repaired.

Liberty Mutual also provides incentives through various discount programs. Safe boating discounts are available for individuals who complete certified boating safety courses, encouraging responsible operation on the water. Additionally, customers who bundle their boat insurance with other Liberty Mutual policies—such as auto, homeowners, or renters insurance—can enjoy notable savings through multi-policy discounts. This bundling not only offers financial benefits but also simplifies policy management under one trusted provider.

Despite its strengths, Liberty Mutual’s boat insurance has a few limitations worth noting. Premiums can be higher for certain types of boats, particularly those with specialized features or high-powered engines, as these vessels are typically seen as higher-risk. Additionally, while the company has a solid reputation for claims service, some policyholders have experienced delays during peak boating seasons when claims volume increases. This can be inconvenient for customers looking for fast resolutions in urgent situations.

Overall, Liberty Mutual stands out as a strong and reliable option for boat insurance, offering a wide range of coverages and customizations to suit most boating needs. Its customer-first approach, flexibility in policy design, and variety of discounts make it a particularly appealing choice for boaters who value personalized protection and long-term service. While premiums might be a bit steeper for some vessels and claims can be slower during busy months, the overall quality and comprehensiveness of Liberty Mutual’s offerings make it a trustworthy choice for insuring your time on the water.

The Hartford is a reputable provider of specialized boat insurance policies, offering tailored protection for a wide range of boating scenarios. Known for its exceptional customer service and efficient claims handling, The Hartford has established itself as a dependable choice for boat owners seeking both standard and extended coverage. Whether you own a small fishing vessel, a pontoon boat, or a recreational cruiser, The Hartford designs its policies to address the real-life risks associated with owning and operating watercraft.

At the core of The Hartford’s boat insurance are essential coverage options that include liability protection, collision damage, comprehensive coverage for events like theft or natural disasters, medical payments for injuries, and uninsured boater coverage to protect against damages caused by others who lack adequate insurance. These core protections help boaters manage common financial risks while ensuring peace of mind on the water. To enhance the policy further, The Hartford offers useful add-ons such as personal property coverage for belongings stored on the boat, towing assistance in the event of breakdowns, and wreckage removal coverage, which can be crucial after severe accidents or environmental incidents.

In addition to its strong coverage offerings, The Hartford provides several discount opportunities that make its policies more attractive and affordable. Customers can save by bundling their boat insurance with other Hartford policies such as auto or home insurance. Additional savings are available for boaters who maintain a claims-free history or who complete approved safe boating courses. These incentives reward responsible ownership and promote safety on the water, making The Hartford a great option for conscientious boaters.

However, it’s important to note a few potential limitations. Premiums may be on the higher side for certain types of boats, especially those in regions with elevated risks or for boats with higher repair or replacement costs. Additionally, The Hartford’s coverage options may be limited when it comes to rare, luxury, or very high-value vessels, which may require specialized marine insurance from niche providers.

Overall, The Hartford offers a strong boat insurance program backed by excellent customer support and a reputation for reliable claims handling. Its comprehensive coverage options and valuable discounts make it a solid choice for everyday boaters looking for trustworthy protection. While the coverage may not extend as broadly to unique or high-value boats, for most recreational boat owners, The Hartford provides a well-rounded policy and dependable service that ensures you're protected every time you take to the water.