Where you live plays a role in the cost of boat insurance. In fact, boat insurance quotes often begin with your ZIP code. For example, Florida offers year-round boating, so Florida residents pay some of the highest rates in the nation for marine insurance. There’s also the annual threat of hurricanes that can increase costs. Yikes!
Additionally, where you go boating makes a difference. If the boat goes into the ocean, you can expect to pay more than if you do your boating strictly in freshwater. Corrosion caused by salt is one of the key factors for the surcharge.
If you live in the Northeast, you also can expect to pay a premium for insurance, while boaters in the Great Lakes Region have among the lowest rates in the country because the boating season is short.
Also remember that marine protection can be limited to a specific region. For example, if you live in Illinois and decide to pull your boat to Lake of the Ozarks in Missouri and you have an accident, the claim could be denied because it wasn’t within the policy region. Before you travel, call your insurance company to see if you need a binder.