Having a boat is awesome, but it comes with a lot of responsibility. You need to make sure that your boat is insured in order to protect its value and keep you from paying out of pocket if anything happens.
Even if you don’t intend on operating your boat often, keeping it insured protects you in case something does happen. And with the growing popularity of boating in Texas, it only makes sense that there are more insurance companies specializing in insuring boats.
With so many options, finding the right boat insurance company can be overwhelming. Don’t worry though – we’re here to help!
To meet everyone’s needs, we have selected the 7 best boat insurance companies in Texas.
Whether you live in a small town or a large metropolis; whether your neighbors have access to the water or not; and whether or not you drive regularly: every boater in Texas needs good coverage under their hull.
Best Boat Insurance Companies in Texas
The following is a list of the 7 Best Boat Insurance Companies in Texas that you may want to consider when looking for boat insurance:
1. Texas Marine Insurance Company
Texas Marine Insurance Company specializes in insuring pleasure boats, including sailboats, watercraft, and personal watercraft.
- Service: They’re a smaller company, with just six offices throughout Texas. That makes it easy to get in touch with an agent in your area. The company’s customer service representatives are available 24/7, even on holidays.
- Coverage: Texas Marine Insurance Company offers several coverage options, including comprehensive coverage, collision coverage, and optional coverage for watercraft. You can choose between comprehensive coverage, collision coverage, and optional coverage for watercraft. Comprehensive coverage protects against damage to your boat.
- Damage: Comprehensive coverage protects against damage to your boat. This includes damage from storms, fire, floods, and collisions.
Collision coverage pays for damage to your boat in the event of a collision with another vessel.
Optional coverage for watercraft protects both your boat and the watercraft you want to insure.
2. USAA Boat and Yacht Insurance
USAA Boat and Yacht Insurance is a classic boat insurance company. Their policy is a bit older than the other options out there, but they’re also the most affordable.
- Range: Plus, they cover an incredible range of boating activities, including outfitting, towing, and storage. You can choose to have your boat insured as a classic boat or as a recreational boat. If you want to go with a classic boat insurance company, you can choose to insure a classic boat. Classic boats are those smaller boats that you used to see around lakes and rivers before the advent of modern power boats.
- Coverage: The coverage under your boat policy comes with a plethora of optional extras, including a modest boat maintenance package. With USAA Boat and Yacht Insurance, you’re covered for up to $250,000 for damages to your boat. That’s a decent amount of coverage for your boat, especially considering that it comes with a $25 deductible.
- Group Policy: Plus, you can choose to have your boat insured as part of a group policy. That means that you can get coverage for the whole team.
3. The Co-Operative Corporation
The Co-Operative Corporation is another classic boat insurance company. It’s owned by the Co-Operative Insurance Company, which is also one of the largest mutual insurance companies in the country.
- Types: That means that you can expect a wide variety of policies and coverage options when you choose to insure your boat through them. Co-Operative has a few different boat insurance options to choose from, including a classic boat insurance policy, a recreational boat insurance policy, and a commercial boat insurance policy. Classic boat insurance protects the classic boats that you’re most likely to find on lakes and rivers.
- Coverage: The coverage is fairly generous, with $500,000 of coverage for structural repairs and $50,000 of coverage for hull and mechanical repairs. Co-Operative’s commercial boat insurance is fairly standard, with a $250,000 limit for structural repairs and a $100,000 limit for hull and mechanical repairs. It’s a good policy to have on your boat, especially if you intend on operating it in the water.
4. Progressive Boat Insurance Company
If you want to go with an affordable classic boat insurance company, you might want to consider Progressive Boat Insurance Company.
Their classic boat insurance is a straightforwardly affordable option. Plus, they include a boat maintenance package with their classic boat insurance.
If you have a larger boat, or you plan on operating it in the water, you might want to look into Progressive Boat Insurance Company’s commercial boat insurance.
- Coverage: Commercial boat insurance covers everything from $250,000 to $2 million for structural repairs and $100,000 to $1 million for hull and mechanical repairs.
- If you’re more interested in a low-cost recreational boat insurance policy, Progressive has you covered, too. Their recreational boat insurance protects boats up to 35 feet in length for $500,000 of coverage. It’s a pretty good policy if you want to get a few bobbing trips under your belt and protect your investment.
5. Assurant Solutions Boat Insurance Company
If you want to go with a boat insurance company that specializes in watercraft, Assurant Solutions Boat Insurance Company is a good option.
The company is a subsidiary of Assurant, one of the largest property and casualty insurers in the country.
- Types: Assurant has three boat insurance options to choose from, including a recreational boat insurance policy and a classic boat insurance policy.
- Coverage: Their recreational boat insurance has very generous coverage. The coverage is $1 million of coverage for structural repairs and $100,000 of coverage for hull and mechanical repairs. That’s a great deal of protection for a low price.
If you’re looking to go with a classic boat insurance policy, you won’t find a better deal than Assurant’s classic boat insurance.
6. Live Aboard Marine Insurance Company
Like Classic Boat Insurance Companies? Then you’ll love Live Aboard Marine Insurance Company. The company specializes in insuring the marine assets that boaters own, including boats, houseboats, and barge.
It’s a bit of a niche market, but it’s also a very lucrative one. If you want to keep your assets protected, and if you want to go with one of the best boat insurance companies in the business, you’ll want to consider Live Aboard Marine Insurance Company.
- Coverage: Their boat insurance policy is very straightforward. You’re covered for up to $1 million per occurrence for structural repairs and $100,000 per occurrence for hull and mechanical repairs. It’s a pretty straightforward policy, and it’s one of the best boat insurance companies in the business.
7. Esurance Boat and RV Insurance Company
If you want to go with a boat insurance company that offers a variety of coverage options, Esurance is a good option.
The company is one of the largest in the industry, with more than 1,000 employees and locations across 19 states.
- Types: Esurance has a whopping 10 boat insurance options to choose from, including a commercial boat insurance policy and a recreational boat insurance policy.
- Coverage: Their commercial boat insurance policy is fairly standard, with a $250,000 limit for structural repairs and a $100,000 limit for hull and mechanical repairs. Their recreational boat insurance is very generous, with $1 million of coverage for structural repairs and $100,000 of coverage for hull and mechanical repairs.
That’s one of the best boat insurance companies in the business, and it’s an easy choice if you want a variety of coverage options.
Conclusion :
There you have it — the 7 best boat insurance companies in Texas for 2022. We hope this list helps you find the right insurer for your needs so that you can enjoy your time on the water worry-free.
Be sure to do your research and compare different policies before making a decision, as there is no one-size-fits-all when it comes to boat insurance. And remember, the best way to avoid having to make a claim is to practice safe boating habits!
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