Summertime is the ideal season for outdoor adventures, especially on the water. Whether it's fishing, waterskiing, or simply relaxing, a boat facilitates leisure and recreation activities. If you're in the market for a boat, you may be wondering about the cost to insure it, and Phil Taylor Insurance Agency in Clarksville, AR, has some answers. Below is a brief outline of the factors that affect the price of your boat insurance policy.

What Factors Contribute to the Cost of Boat Insurance?

1. Type of Boat

The make, model, age, cost, and horsepower of the boat are all crucial factors in the cost to insure it. Like car insurance, newer, larger, and more expensive watercraft will cost more to insure as it would be more expensive to replace. Additionally, speed boats pose more liability than a small fishing boat, which will increase their policy price.

2. Location & Use

If you cruise primarily on a low-traffic lake that experiences few mishaps each year, you'll pay less than if you spend most of your time in a high-volume area where water sports are popular. Similarly, if you use the boat only for sedate activities like fishing, you'll pay less than if you regularly tow water skiers or wakeboarders.

3. Owner History

Your driving record, credit score, and watercraft claim history all contribute to the cost, too. If you have a history of automobile accidents, moving violations, bad credit, or previous boat insurance claims, you'll pay more than if your personal history is free of blemishes.

Though many factors contribute to the cost of boat insurance, you can tailor your coverage options to find a policy that fits into your budget. To discuss your options with a friendly, experienced agent, contact Phil Taylor Insurance Agency in Clarksville, AR. They are known throughout the region for their fair dealing, affordable rates, and exceptional customer service. Visit their website to view a map and business hours, and call (479) 754-2616 to request an insurance quote.