Prior Ownership - Many insurance companies want to see previous boat ownership, mainly for larger boats. If you never owned a boat and you are purchasing a 17-footer, no issue. If you are purchasing a 45-footer, insurance companies like to see experience with a similar size. If you have owned a 17-footer and you are now purchasing a 45-footer, not so good. Many insurance companies may not want to take on this risk.
Top Speed of the Vessel - Many insurance companies amy refuse or surcharge the rate for a high-speed vessel.
No Lapse in Insurance Coverage - If your policy has lapsed, many companies will apply a surcharge. Keep your boat covered in order to get the best rate possible.
Insurance Credit Score - Many insurance companies will use credit history in order to calculate boat insurance rates. Credit score weighs heavy with many insurance companies.
Your Age - Keep the young ones from operating your boat, just like you would with your other vehicles.
The Boats Age - Rates can change much based on the age of your boat. The newer the boat, the higher the discount.
Coverage and Limits - Proper converages depend on your family and individual needs. Speak to one of our agents and discuss all the coverage minimums and requirements in Florida, but also have them recommend to you the correct coverages in order to have peace of mind.
Deductibles - Getting Higher deductibles is a way to keep your rate down. However, small differences in deductibles, can mean a significant change in coverages with a small premiun as the difference
Navigation - Where in Florida you plan to use your boat can dramatically affect your insurance rates. Speak to one of our specialists to review high and low risk areas.
No Prior Losses or Claims - Many insurance companies give discounts for being insurance claims-free. Know when to file a claim and when not to file a claim. Always ask what effects some claims may take on your annual premiuns and why knowing your deductibles are so important.
Safety Equipment - Try to have as many safety equipments as possible, EPIRBs, GPS systems, Depth Finders, Radar, Fume Detectors, Automatic Fire Extinguisher. Insurance companies apply many discounts to different safety options.
Diesel Powered Boats - Many diesel power boats quality for discounts by many insurance companies
Automobile Driving Record - No violations or accidents can keep your boat insurance rates down.
Boating Safety Course - Taking a boating insurance safety course will help you keep rates down.
Renewal-Loyalty Discount - Insurance companies offer discounts on renewals. The longer you stay with them, the more discounts you may qualify for. Speak to a specialist and find out which companies offer these discounts.
