Welcome to Club Bennington

An official club forum for Bennington boats

Login Register

Insurance

Discussion in 'Dock Talk' started by wawrecker, Jun 7, 2019.

  1. wawrecker

    wawrecker Member

    Messages:
    6
    Likes Received:
    6
    I received an insurance quote from my regular agent prior to the boat arriving it was about $700 for the year full coverage. I just received an email from the agent stating it would go up to $1400 a year as they thought the boat was an inboard outboard and not an outboard as it is and the rate is more for them. Anyone else heard of this? Whats the added risk for the outboard? Thanks
     
  2. rodsfields

    rodsfields Well-Known Member

    Messages:
    52
    Likes Received:
    114
    Location:
    Cocoa Beach. Florida
    Not specifically related to the onboard outboard. When I quoted my insurance it varied from $600 to $1800 for the same coverage from two different providers.
     
    Vikingstaff likes this.
  3. Michiman

    Michiman Well-Known Member

    Messages:
    2,065
    Likes Received:
    1,529
    Location:
    Okemos, MI
    Something doesn't add up. I'd ask your agent for a couple more quotes.
     
    Vikingstaff likes this.
  4. Yianni

    Yianni Well-Known Member

    Messages:
    185
    Likes Received:
    215
    Location:
    Coeur d'Alene ID
    I just got a quote from Boat US (Geico) for my 2019 25QX. It includes full replacement value
    and came in at $480.00 per year with a Yamaha 350 outboard.
     
    Last edited: Jun 7, 2019
    Paradise bound and Vikingstaff like this.
  5. Vikingstaff

    Vikingstaff Well-Known Member

    Messages:
    1,500
    Likes Received:
    1,968
    Location:
    Michigan
    My guess (and it is just that) is that they are separately insuring the boat, and then the motor, and thus the increased cost. With an outboard, the motor is separate from the boat for insurance purposes. Maybe that had slipped by initially, and now the bump up is with the separate motor insurance bundled into the overall quote...?
     
  6. SEMPERFI8387

    SEMPERFI8387 Moderator

    Messages:
    9,612
    Likes Received:
    3,903
    Location:
    York, Pa
    Check BoatUS. $1400 sounds ridiculous. I only have a 20HP motor but I’m at $164/year, full replacement value and $800K+ Spill coverage.
     
    Vikingstaff likes this.
  7. swiftm

    swiftm Well-Known Member

    Messages:
    667
    Likes Received:
    292
    Location:
    Traverse City, Michigan
    I have an SLX with a 50 hp insured with progressive. Does include spill coverage. I paid $139 for the year in April. Zero deductible since I’ve been with them for a while, including my previous boat. I realize your Q is a much more expensive boat, but still seems excessive. Definitely get more quotes.
     
    Vikingstaff likes this.
  8. Yianni

    Yianni Well-Known Member

    Messages:
    185
    Likes Received:
    215
    Location:
    Coeur d'Alene ID
    I just checked Progressive for our QX. They were $645.00 as opposed to Boat US $480.00 annually.
     
    Vikingstaff likes this.
  9. 1trotter

    1trotter Well-Known Member

    Messages:
    304
    Likes Received:
    346
    Location:
    SOUTH CAROLINA
    Check travelers. I have had them for years on all my boats and they have been excellent for customer service and reasonable rates. Let me know if you need my agents contact info.
     
    Vikingstaff likes this.
  10. Stevez

    Stevez Well-Known Member

    Messages:
    117
    Likes Received:
    215
    Location:
    Kentucky
    When I bought my boat a few months ago I called my agent at State Farm. $980 per year from them. Called BoatUS and got it for 1/3, with exact same coverage.
     
    rodsfields likes this.
  11. kaydano

    kaydano Well-Known Member

    Messages:
    3,963
    Likes Received:
    1,649
    Same here. Spill coverage is adequate. $155/year.

    2012 24SSL, 150hp, $40k replacement.
     
  12. sjhorner9475

    sjhorner9475 Well-Known Member

    Messages:
    176
    Likes Received:
    298
    Location:
    Centerhill Lake, Silver Point TN
    One thing to keep in mind when comparing insurance quotes from more than one company is the coverage limits. Often times the coverage levels between companies vary. The lower cost policy is likely to have lower coverage levels, lower than you want.
     
    Vikingstaff likes this.
  13. tlcaud

    tlcaud Active Member

    Messages:
    31
    Likes Received:
    29
    Location:
    Springville, Iowa
    BoatUS is $343 , covers boat, motor and trailer. Covers a lot more but that's it in a nut shell. 2018 25 GCW, Yamaha 250
     
    rodsfields likes this.
  14. royal4

    royal4 Well-Known Member

    Messages:
    274
    Likes Received:
    187
    Location:
    Jordan Lake, NC
    $178/yr Progressive, that along with the 1mil umbrella cost $338/yr
     
  15. Toddk9

    Toddk9 Member

    Messages:
    7
    Likes Received:
    3
    I have Geico here at about $220 a year.
     
    Vikingstaff likes this.

Share This Page