Enjoy Your Time On The Water For Less: 3 Tips To Help You Save On Recreational Boat Insurance

Insurance Blog

There is nothing quit like spending a day on the open water to rejuvenate the soul and make you feel at one with nature. Unfortunately, the peace that many people find when cruising in their boat can quickly turn to anxiety when the time comes to pay their monthly insurance premiums. If you have found yourself in this situation, you will be glad to know that it is possible to enjoy your time on the water without going broke in the process. In fact, using the three tips below can make saving money on your recreational boat insurance both quick and easy.

Don't Pay For Coverage You Don't Need

While this may seem like common sense, the truth is that far too many people ultimately end up paying for boat insurance coverage they do not need. This is because while many people pay for boat insurance year round, many of these same individuals will only use their vessel on a seasonal basis.

If you are not using your boat all year round, you should not be paying for the same level of coverage all year round. If your policy does not already include a winter layup discount, you will want to inquire about this type of discount with your insurance company. Taking this one simple step can save you a ton of money each year on your boat insurance needs.

Consider Taking A Safety Course

Safe boating practices not only help to keep everyone on board safe while you are out on the water, but they can also help to keep your insurance costs to a minimum. If you have not taken a boating safety course in recent years, you may want to consider signing up for one of these courses either in your local area or online. Providing a copy of your course completion certificate to your insurance company can qualify you for an additional discount on your premium. 

Limit Where You Choose To Boat

Just as there is a higher risk of being involved in a car accident when driving on a congested highway in a major city, the risk that you will be in a boating accident can fluctuate depending upon where you choose to boat. If you boat in a limited area, such as limiting yourself to inland lakes and rivers, you could qualify for a discount on your insurance coverage. However, it is important to note that not all insurance companies will offer this type of discount, so you will want to let your insurance agent know upfront that you wish to limit your quote search to companies that offer these discounts.

Contact a company that offers boat insurance to learn more.

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