What are Alaska boat insurance requirements?
Alaska doesn't have a law mandating boat insurance, but it's good to have it before you head out on the waterways. Alaska has endless opportunities for boaters with 365,000 miles of river, 3 million lakes, and over 6,000 miles of coastline. And while the season may be short, the list of Alaska boat insurance coverages available is long. Learn more about boat insurance in Alaska and how Progressive can help you save.
What’s included in a standard Progressive Alaska boat insurance policy?
Bodily injury liability coverage and property damage liability coverage helps pay for damages and injuries. Property damage liability covers damage to docks, marinas, and other boats, while bodily injury liability covers the medical costs associated with injuries sustained by other boaters or by guests and visitors while aboard. As with any boat liability coverage, choose a coverage limit that best protects you and your assets. If you need more than a $500,000 liability limit, a Progressive umbrella policy can offer extra protection for up to $5 million.
Wreckage removal coverage can help remove your boat from the water if it sinks.
Fuel spill covers the cost of legally required cleaning that comes with spilled fuel.
Watersport coverage pays for medical expenses for injuries gained from water-tubing, water-skiing, and other related sports.
Optional Progressive boat coverages
Comprehensive and collision: Comprehensive coverage helps repair or replace your boat if it's damaged by events outside your control, such as fire, theft, or vandalism. This type of coverage is particularly useful when your boat is in storage, and you are not actively checking on it. Collision coverage pays for repairs to your boat if you collide with another vessel or object like a buoy or dock. If you're financing your boat, your lender will likely require both comprehensive and collision. Learn more about comprehensive and collision coverage for boats.
Sign & Glide®: Sign & Glide® towing assistance† will help if your boat is stuck in the water with on-water towing, jump starts, fuel delivery††, and more.
Fishing equipment or carry-on items: If your fishing equipment or other gear is lost or stolen, you can receive the full replacement cost up to $10,000 for fishing gear, scuba gear, phones, and other items.
See all Progressive boat insurance coverages.
Does Progressive insure yachts?
With so much Pacific coastline, Alaska is a popular state for boaters. You’ll see plenty of boats on the water, including yachts. If you're a boater in the state of Alaska with a yacht more than 26 feet, Progressive may still be able to help you get the insurance you need.
How much is Progressive boat insurance in Alaska?
Alaska is considered a higher-cost state in terms of boat insurance cost. In addition to the type of coverage you opt for, many factors determine the cost of boat insurance, including:
- Your age: Generally, the older you are, the more affordable your rate may be.
- Make, model, and year of the boat: Insuring larger, older, or more expensive boats often leads to higher premiums.
- Boating experience: More experienced boaters may pay less for boat insurance than newer boaters.
- Claims history: This may include both at-fault and not-at-fault claims.
If you carry comprehensive and collision with Progressive, you automatically receive Full Replacement Cost coverage, meaning we'll pay to make sure your boat or personal watercraft is returned to pre-accident condition without factoring depreciation in the event of a partial loss.
How can I lower my Progressive boat insurance rate in Alaska?
Discounts vary by state, but you may be able to lower your insurance rate if:
- Responsible driver: You've had no auto or watercraft violations or accidents in three years; you could significantly lower your insurance rates.
- Association: You're a member of the US Coast Guard Auxiliary or the US Power Squadron; you can receive a discount.
- Prompt payment: You pay on time; you can receive lower rates over time.
- Pay in full: You pay your boat policy upfront and in full; you can receive a discount on overall rates.
See if you qualify for more boat insurance discounts.