Boat insurance average cost

Low-cost states

Annual policy average: $250**

States included: Arkansas, Illinois, Indiana, Iowa, Kansas, Ohio, Maine, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, Pennsylvania, Utah, Vermont, and Wisconsin.


Medium-cost states

Annual policy average: $329**

States included: Arizona, Colorado, Delaware, Georgia, Idaho, Kentucky, New York, North Carolina, North Dakota, Oklahoma, Oregon, South Dakota, Tennessee, Virginia, Washington, West Virginia, and Wyoming.


High-cost states

Annual policy average: $471**

States included: Alabama, Alaska, California, Connecticut, Florida, Hawaii, Louisiana, Maryland, Massachusetts, Mississippi, Nevada, New Jersey, New Mexico, South Carolina, Rhode Island, and Texas.

Why northern states are typically less expensive than southern states

Boat insurance is generally more affordable if you’re in a state with no coastline. In coastal states, you’ll usually find bigger and more costlier boats used in the oceans and on the Gulf of Mexico. The Great Lakes states tend to fall in the low-cost category, as many boaters take advantage of inland lakes and rivers. The length of the boating season also has a big impact on the cost of insurance. Many northern states have lower policy costs than states where boating is more of a year-round activity.

About our data

This data shows the average annual rate from Progressive for a watercraft policy between 2019 and 2020. Keep checking back for updates to this page. When researching average prices, it’s very important to pay attention to the source of the data and the year. Rates are always changing and any data that’s several years old may not be relevant.

Data for Washington D.C. is not included.

While this data provides insight as to the average cost of boat insurance in every state, it isn’t customized to your situation. With so many variables affecting boat insurance, you’ll want to get a boat insurance quote online or by calling us at 1-866-749-7436.