As with most things in life, shopping around for competitive
quotes on boat insurance can save you a lot of money. The
insurance company you stumble upon first may not be the best for your boat
or your needs. And you do not want to pay more than you need to, nor do you
want to lack needed coverage. Getting a quote from an insurance agent allows
you to compare prices and determine who offers the least expensive coverage.
However, you also want to be sure that the policy you decide to use will meet
all of your needs.
Thanks to the Internet, it is very easy to get price quotes from many insurance
companies in a very small amount of time. You can even do this outside of business
hours. Many of the top insurance companies have a form on their web site that
allows you to input relevant information and then be given a price quote either
directly in the browser or sent by Email. In many cases an insurance agent
will need to look at the information and then give you a quote tailored to
you, but sometimes the web site will generate a quote instantly based on the
information you inputted. If the quote is generated without the review of an
insurance agent, you can be sure that it is not an official quote but rather
just a best case scenario designed to get you interested in that insurance
Simply searching for “boat insurance quote” in
an online search engine will turn up many results, and there are even websites
that list boat insurance companies which offer online quotes. In a single
afternoon or evening, you can submit queries to many boat insurance companies.
However, these quotes will tend to be lower than the actually policy will
charge because the online forms can never gather all of the needed information.
The online forms will ask for things like hull size, engine type, intended
usage, and production year, but real insurance policies go into far more
detail. These online quotes are designed to get you interested enough to
call to put together a real quote. However, online quotes are good for general
comparison and can show you which companies tend to offer the best rates
on your type of boat and use. The downside is that entering the same information
over and over again can be boring and time consuming.
Once you have done some general research online, you can call the insurance
companies to hammer out a policy and get an official quote. In order to get
the best rate you should make sure your policy does not contain any coverage
that you know you will never need. You should also mention that you are shopping
around as they may entice the insurance agent to help you get the lowest rate
from their plans either by cutting you a deal or helping you identify the types
of coverage that you do not need.
If you have a limited amount of time or patience, you can use an insurance
broker that does all of the detective work and negotiation for you. Insurance
brokers that specialize in boat insurance know all of the tricks of the trade
and will be able to get you a policy that fits your needs without going beyond
what you will use. You do pay for this service, but the money that you save
in insurance rates and deductibles can more than make up for it. You also save
time when using an insurance broker rather than doing it all by yourself.