Get sailboat insurance for as low as $100/year for a liability policy*
We make getting sailboat insurance as simple as possible with fewer restrictions and more sailing freedom. We’ll insure almost any type, including vessels that don’t fit the textbook definition. Even if you race your sailboat, you can still get coverage from Progressive. Get a sailboat insurance quote online and get protected before you hit the water.
Do you need insurance for a sailboat?
Boat insurance is mandated in only a few states, but you’ll likely want to protect your sailboat against physical damage. And, in case you’re responsible for someone else’s injuries or damages while out on the water, boat liability coverage is important for all boaters. Get more information on your state’s boat insurance requirements.
How much does sailboat insurance cost?
At Progressive, sailboat insurance rates start at just $100/year for a liability policy.* Keep in mind, your sailboat type, boating history, and location will all factor into your price. Progressive’s many boat insurance discounts can help lower your price, including one for having more than one watercraft on your policy.
Learn more about the cost of boat insurance.
Sailboat insurance coverages
The best sailboat insurance policies will not only cover the basics, like liability, and comprehensive and collision coverage for your boat, but will also provide unique coverage options. Here are some of the special coverages Progressive offers to protect you and your sailboat:
No depreciation on partial losses
Progressive pays what it costs to return your vessel to its pre-accident condition or better. For example, let’s say your sail is damaged in a covered loss. It’s older and has a current market value of $350. But a brand new one costs $1,000. If we can’t repair it properly, we’ll pay to replace it with a new one. This coverage comes at no extra cost and extends to include rigging equipment, sails, electronics, and more.
Agreed value coverage
Sailboat values vary widely depending on model, customizations, age, and sometimes even vintage value. So, we offer agreed value coverage to make sure your sailboat is fully protected down to the last penny. If your sailboat is damaged beyond repair in a covered incident, we’ll pay you the value of the watercraft as agreed and not a depreciated amount.
Wreckage removal and fuel spills
Progressive covers the cost to remove your sunken sailboat from the water if removal is required by law. We’ll also pay to clean up a fuel spill, even if your boat doesn’t sink.
See all the available boat insurance coverages.
Tips for quoting sailboat insurance
- Know your sailboat’s year, make, and model for the most accurate quote
- Know your hull identification number; you’ll need it to start your policy
- We’ll sometimes ask about your sailboat’s hull length, material (usually fiberglass or aluminum), and propulsion type (inboard, outboard, or inboard/outboard)
- Completing a boater safety course may lower your sailboat insurance cost
- You’ll have the option to insure your sailboat’s trailer
We insure most sailboats and even cover racing usage, but we do have some limitations including: sailboats over 50 feet in length and valued at more than $500,000; sailboats used as a primary residence, also known as liveaboards, which are eligible for liveaboard insurance; sailboats that don’t meet published U.S. Coast Guard standards; and wood or steel hulls.