View Full Version : Insurance prices?

09-02-2004, 02:55 AM
If you guys/gals don't mind me asking, what do you pay for insurance? I just got a quote from my insurance broker for $650 with a $500 deductible? That was for one year.

Is this decent, or should I shop around? The boat is a 2000 MC PS 190.

T Scott
09-02-2004, 06:43 AM
1-800 Ski Safe or Progressive. I have my homeowners and vehicles with ALLSTATE, but they couldn't touch Progressives quote. I pay $280 year for full coverage on my Barefoot 200. Your 2000 PS190 is worth more money so it might be a little higher than mine. Shop around

09-02-2004, 07:16 AM
If you guys/gals don't mind me asking, what do you pay for insurance? I just got a quote from my insurance broker for $650 with a $500 deductible? That was for one year.

Is this decent, or should I shop around? The boat is a 2000 MC PS 190.

I'm currently with allstate, i'm paying 400/year i think. ski-safe gave me a better rate qoute, but i didn't go with them b/c of no local agent. BUT allstate screwed me and totalled my barely damaged mustang, so they are about to lose my business, especially on the boat.

River Rat
09-02-2004, 08:18 AM
I just got $20,000 worth of coverage for my 98 PS at Progressive for $345 a year. If my boat gets totaled next year or 5 years from now I will receive the whole $20,000. I have a $5oo deductible
If I were to get the pro-rated policy it would have been $315. Right now that is the only policy I have with progressive. State Farm wanted $700 for the same coverage on the pro-rated policy. But progressive could not beat my car insurance from State Farm.

09-02-2004, 08:19 AM
I pay $571with a $400 deductible through Boat US but will shop around. Progressive's online quote came back at $615 / $500 deductible When comparing quotes, you have to consider if the policy is an agreed value or actual cash value, I only buy agreed value for my boats. Geographic location can also affect price, those in the south have longer boating seasons and generally a little higher cost.

09-02-2004, 08:21 AM
Ski Safe - $261 a year on $16k boat and trailer.

09-02-2004, 08:43 AM
I am at about 300 bucks with an agreed value of 16000 I think:o . That’s with Progressive. Went with progressive because of the “disappearing deductible”. Every year without a claim the deductible is reduced by 25% until its $0. I thought that was cool.

09-02-2004, 08:58 AM
H20- did yu just accept the first settlement offer from the insurance company, or did you try to get them to give you more? You don't have to accept and if you just can't agree, it goes to abritration. What about buying it back and having a "branded title"? You wouldn't be able to get collision coverage, but you would still have your car and could fix/have it fixed the way you want.

09-02-2004, 09:21 AM
MarkP...I don't think I have a deductable. But your option sounds cool if they do require one. A lot of the guys I boat with use Progressive. Especially the Baja owners I know. Seems standard insurance companies will rape you if you are classifed as a speed boat and have more than a couple hundred horses under the hood.

09-02-2004, 09:27 AM
I just got my renewal notice from Ski Safe on my 2000 PS 195, covered at $22500 with a $500 deductible, and it was $330.


09-02-2004, 09:29 AM
I pay $350/year with State Farm for a 96 PS190. I may have to look into Progressive. They just opened an office in town.

09-02-2004, 09:31 AM
They have that “disappearing deductible” with the agreed value policy only I think.

09-02-2004, 09:42 AM
$CDN660 for $75,000 replacement value in a 4-month season thru State Farm. It wasn't easy to find a Canadian-registered carrier licensed in Alberta.

09-02-2004, 09:44 AM
Went through boat us. Mine is 390/year on a 96 ps 190. agreed value is 16k. I went w/ the yachters insurance. My deductible is only 150. Alot better coverage w/ the yachters

09-02-2004, 10:02 AM
I recently went through this decision. I got quotes from ski-safe, boaters insurance, and voyagermarine.com. boatersinsurance.com was the most expensive, skisafe was in the middle, voyagermarine.com was over $100. less than ski-safe. It is an agreed value policy. Check them out. I had called boaters once before to insure my 93 S&S, they don't insure boats over 10 years old is what I was told.

09-02-2004, 10:25 AM
I pay $270 for my '94 PS205 through Boat US. Annual policy, no geographic limitations, ACV.

09-02-2004, 10:40 AM
Progressive, $500 deductible, $18k agreed value, $3000 contents coverage, premium is $240/year. I switched the truck to Progressive also, about $200/year better than Farmers Ins.
Check around, alot of companies' rates go way up when you have a 300hp+ boat. I debated this w/ Farmers Ins; as they said it was in their speed boat classification, like BB jet boats and such. They did not believe that it went 44mph top speed.

east tx skier
09-02-2004, 10:44 AM
George, I have my policy through Boater's Insurance Co. on my 93. $357 annually. May shop it around next year though looking at what some people are paying.

09-02-2004, 12:03 PM
Doug did you start your policy after the boat was ten years old or before? I tried them after. I guess it depends on who you talk to. Voyager is a local company in Frisco, TX. I just hope I never need them. The only under water obstructions we have are timing magnet bouy's.

09-02-2004, 12:23 PM
I had a claim filed when I HAD ski-safe. Not only were they an absolute pain to deal with, they didn't cover a single thing. Boat was damaged and several things stolen during a theft. It took literally 25 calls to even get them to call me back. Even though I had a rider for ski equipment, it had to be in a locked compartment. Even though there was damage done to the IP, they weren't going to cover it. Even tho the radio was stolen, it was a two year old radio, and wouldn't be covered. Even tho the radio housing was broken, those were cheap to replace.

My homeowners had a better deal, and was less expensive. Although we had several conversations about the engine HP and boat speed.

09-02-2004, 12:59 PM
I agree with the HP issue. State Farm uses a HP to length ratio. My PS190 has 275HP and is 19' long. I asked the insurance guy if he would include the swim platform as part of the boat, which it is, to increase the length to around 21' and lower my premium. They did...
It's funny that a fishing boat that pushes 75-80MPH is no higher to insure that my boat that tops at 44-45MPH. However, they also cover the boat while it is being trailered. Sometimes the insurance companies will give you a break in regions where you can only use the boat 6 months out of the year.

09-02-2004, 01:05 PM
I've been pretty happy with Westmar Marine. They are at 800-252-9597. My quote for the 04 209 at full replacement value is: $545.

Here is a breakdown:

Limit Deductible Premium
================================================== ===
Hull (Agreed Value) 37,000 370 (1%) 401
Trailer 3,000 250 60
Protection & Indemnity 300,000 69
Medical Payments 5,000 0
Uninsured Boaters 300,000 0
Emergency Services (towing) 500 0
Personal Effects 1,000 50 0
Endorsements 0
Fees 15
Total premium 545

One thing I found is that on your homeowners insurance you are subject to all the issuse associated with claims against the policy. So if you need to make a claim and then want to continue to have your house insured, make sure they don't drop you. In CA homeowners insurance is a pain in the butt.



09-02-2004, 01:09 PM
We're having problems getting Ski Safe, US Boat, & a couple of other insurance companies to insure boats that will pull an Air Chair or Sky Ski. They put foils in a group with parasailers & get this.... kite boarders (are they using a boat?).

It's a PIA because USA Waterski is on the verge of admitting Hydrofoil as a full fledged waterski discipiline & they are insuring 5 - 10 events per year now yet their insurance company won't set a standard for the riders own policy. Some get it, some don't.

I went with Safeco. $470 for year round, actual value, coverage

09-02-2004, 01:12 PM
Just did an online quote with progressive and it was $345/year. Just about exactly the same as State Farm, but Progressive has the disappearing deductible.

09-02-2004, 01:15 PM
I pay $407 per year with State Farm:
Coverage $37k
Trailer $3k
Liability $300k
Medical payments $5k
Deductible $500
2001 230VRS, 330HP, Maristar listed at 22'.

Also have house and two cars with them.

09-02-2004, 01:19 PM
Last year for my Barefoot 200 through Nationwide:

Boat - 15,000 coverage
Contents and trailer - 3,000
Deductable - 500

Annual premium - 267.00

I got a pretty good discount because i have everything insured with them and an additional discount for have taken a boaters safty course.

east tx skier
09-02-2004, 02:13 PM
George, I bought my boat in Feb. '03, so as a general statement, it was already 10 years old. Of course, if it was a late run, you might say it wasn't quite 10 years old.

09-02-2004, 02:28 PM
Similar, that was one of the items when I just bought a house was to check the address to make sure the insurance company would cover. There are both people and houses on lists that they will not insure.