What Affects the Cost of Boat Insurance?

1. Your Driving Record

Boat insurance providers assume that people with a record of driving dangerously will likely be just as reckless on the water. A history of traffic tickets and auto accidents will likely cause your boat insurance to go up until those events have fallen off your record.

2. An Increase in Boat Ownership

A spike in boat ownership in your area may lead to higher premiums, since insurance companies assume many of those people will be new to boating. On the other hand, new boat owners may create an attractive market for insurance companies, which may result in a more competitive market with lower rates.

3. The Size of Your Boat

Larger boats with more power are capable of causing significantly more damage in an accident and are much more expensive to replace after a total loss. As such, larger vessels are often more expensive to insure than smaller boats, especially if they have more complex engines.
 

If you have a new boat that needs insurance, contact the experts at Barnes & Howell Insurance. Since 1995, this agency has been helping boat owners throughout Georgia’s Hall County and the Atlanta Metro Area protect themselves from the unexpected. As an independent agency, they proudly work with some of the best insurers in the industry, and will thoroughly research the options to find a policy tailored to your needs. Visit their website to learn more about their broad array of services or call (770) 718-0202 to request your free boat insurance quote today.