What discounts does State Farm

The 8 best boat insurers of 2020

Markel Corporation is a specialty insurance company that provides coverage for boats. They have an "A (Excellent)" rating from A. M. Best for Financial Strength and an "A +" rating from the Better Business Bureau. The company has been in business since 1930 providing comprehensive marine insurance for watercraft, rental boats and commercial boats. The Professional Fisherman Policy provides replacement reimbursement for fishing gear up to $ 5,000 and up to $ 1,000 for personal items. Various discounts are available, including an accident-free discount, a discount for operators over 40 years of age, and an experienced boat discount for boaters with at least five years of boating experience. By qualifying for all of the discounts available through Markel, you can save up to 35% on your boat insurance premium. Additional features are also standard with no additional premium to be paid.

Allstate is one of the largest personal insurers in the US and has consistently high financial strength and customer service ratings from various rating institutes. Allstate advertises its boat insurance as affordable on a variety of boat types and coverage options, with some policies available for as little as $ 21 monthly premium. The company offers a variety of payment options to suit your financial situation, including a "simple payment plan". Here you can save 5% by automatically deducting your boat insurance premium from your checking account. If you choose to pay in full, you can save 10% on your insurance premium. If you've already taken out other policies through Allstate, it makes sense to check your boat insurance coverage, as combining it with home insurance can save you up to 20% on your insurance premium.

Progressive Insurance is well known in the United States and has an excellent reputation for comprehensive coverage at competitive prices. Progressive boat insurance is an example of the type of affordable coverage the company offers. You can purchase a boat policy for different types of watercraft up to 50 feet in length and valued at up to $ 250,000. There are several attractive discounts for boat owners, including a decreasing deductible: Your deductible decreases for each insurance period that you remain accident-free.

Foremost is part of the Farmers Insurance Group of Companies. It's a specialty insurance company that has been in business since 1928 and is known for providing affordable boat insurance coverage in all 50 states. Foremost offers some unique coverage options for an additional premium, including hurricane haul-out and improved towing services, fishing tournament fee reimbursement, additional pollution liability coverage, pet coverage, and travel interruption service. (The Elite Policy provides the most complete coverage.)

Various discounts are available through Foremost that can save you money on your premium. This includes a lay-up discount, a fully paid discount, a boat safety course, a protection device discount, a discount for multiple insurance policies, a discount for multiple units, and a lossless renewal discount. Previous insurance, insured age (discount from 55 years) as well as affinity and alliance discounts for boat operators who are part of an approved affinity group or alliance organization. The insurance cover also applies to classic boats that are more than 25 years old.

If you are already a Nationwide Policyholder, you may be eligible for the Multiple Policy Discount Offered through Nationwide Insurance, which gives you a discount on your home, boat and vehicle combination or life insurance policies. Some of the benefits of this policy are the optional towing and rental reimbursement and roadside assistance when you insure your boat trailer.

Various options are available for boat insurance with a variety of package options. You can get coverage for fishing gear from $ 1,000-10,000, personal items from $ 3,000-5,000, and towing insurance from $ 500-2,500. Other discounts include Multi-Boat, Boater Safety Course, Diesel Fuel, Fully Paid Discount, and a Damage-Free Renewal Discount that is valid for the period of the contract extension if you have remained undamaged for the entire policy period. Nationwide also offers a rewards program through a partnership with Plenti that allows customers to accumulate points that can be given as discounts in certain stores.

As highlighted on its website, United Marine Underwriters is a specialist insurance company that provides "boats only" insurance. It has been in business for 28 years, offering boat insurance in all states except New Mexico. Boat insurance navigation is also available to Canada, the Bahamas, and Mexico. Limitation of liability is available up to $ 1,000,000 with discounts available for taking any of several boat safety courses approved by the Coast Guard Auxiliary and Power Squadron and the National Association of State Boating Law administrators.

One of the more unique things at United Marine Underwriters is the insurance service. When you purchase boat insurance through United Marine Underwriters, you will be assigned a primary servicer to attend to all of your maintenance needs. This company really cares about their customer service.

State Farm is one of the most recognizable names in the insurance industry in the United States. They offer boat insurance liability and property damage with additional coverage options (for an additional premium) including newly purchased watercraft, appropriate repairs, emergency service and wreck removal. State Farm has resources for boaters to use, including articles on boat trailer safety tips, boat safety, and water safety. There is boat insurance for a variety of watercraft: runabout / sport boats, cruisers / yachts, sailboats, bass boats, jet skis, houseboats and kayaks / canoes.

State Farm offers emergency services that pay up to $ 500 for your boat, boat trailer, or boat engine. You can add an additional cover for the wreck removal cover and have the option of having a “new boat”. Coverage to cover your newly purchased watercraft until you can add it to your insurance policy.

BoatUS offers boat insurance through the United States' Boat Owners Association and was acquired by GEICO in 2015. The company has been in business for more than 50 years, resulting in a mix of online reviews that are both positive and negative. However, a large majority are positive, especially in the area of ​​claims service. BoatUS offers boat guidelines for many different types of watercraft and yachts. Members enjoy additional benefits including discounts on popular boating and fishing companies, hotels, car rentals, cruises, and charters. Membership fees are relatively cheap at $ 24 / year.