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  1. #1
    Join Date
    Nov 2010
    Location
    Katy, TX
    Posts
    4,096

    Default Insurance Increase?

    I just renewed my boat insurance and my annual premium increased over 10%!!! What's the deal, was some law passed making boat insurance more expensive? Is this a result of some Obamacare initiative?
    David

    2008 Mobius LSV, Gravity III , Wake Plate, Z5, Exile SX65c's, Exile XM9s, Exile XI12D, Exile Harpoon, Exile SM600.1 , Exile Xi800.4.

  2. #2
    Join Date
    Mar 2010
    Location
    Arkansas
    Posts
    2,441

    Default Re: Insurance Increase?

    I just got new insurance a couple weeks ago. Got a better deal actually but I'm not sure how good my rate was. I believe this one was under 500, maybe, can't quite remember.

    Sent from my DROID RAZR using Tapatalk 2
    2006 Supra 24SSV

  3. #3
    Join Date
    Mar 2003
    Location
    s.e. washington state
    Posts
    2,062

    Default

    Time to go shopping for insurance. Safeco priced me out of their market a few years back and saved $900 a year for all my stuff. Sometimes they do it more subtly until years latter when you compare insurance.
    1998 Mobius
    310 HP PCM

  4. #4
    Join Date
    Sep 2008
    Location
    Ottumwa, IA
    Posts
    83

    Default

    I just had my boat insurance go down this year. Even my deductible went away, with disappearing deductible.
    New Boat: "The Boomba" '12 Mojo 345HP Oz Tower w/ Bimini Bow Speakers Surf Platform GIII
    Old Boat: '09 LSV Z5 Tower Speakers w/ LightBar WakeBoard Prop Tandom Axle

    Tow Rig: '08 2500HD Chevy Duramax CrewCab LTZ

  5. #5
    Join Date
    Jan 2008
    Location
    Pensacola, FL
    Posts
    1,537

    Default

    I am with Ski Safe. No increases that I have seen. I pay $282/yr.
    1997 MasterCraft 205

    2008 Moomba Outback
    1999 MasterCraft Sportstar OB
    1992 MasterCraft 205
    1999 Malibu Response LX
    1987 Marlin Magnum Skier

  6. #6
    Join Date
    Nov 2010
    Location
    Katy, TX
    Posts
    4,096

    Default Insurance Increase?

    Hmmmm I went from 463 a year to 519 and I'm with boatUS. I'll give them a call later today if I remember. I just renewed last night due to it expiring but I can cancel and sign on with someone else at any time right?


    Sent from my iPhone
    David

    2008 Mobius LSV, Gravity III , Wake Plate, Z5, Exile SX65c's, Exile XM9s, Exile XI12D, Exile Harpoon, Exile SM600.1 , Exile Xi800.4.

  7. #7
    Join Date
    Sep 2005
    Location
    Austin, Tejas
    Posts
    489

    Default

    I'm paying $500 / year right now, but it's time to renew. Funny this came up, because I put all my insurance papers in my work bag today so that I can go through it and make some phone calls.

  8. #8
    Join Date
    Sep 2005
    Location
    Austin, Tejas
    Posts
    489

    Default

    I just got off the phone with my current insurance company (Boater's Insurance Agency) and Ski Safe.
    My current coverage is increasing to $598 for the year. I have a $500 deductible and $100k liability coverage.
    I can get the same coverage through Ski Safe for $400 per year. For $425, I can get the disappearing deductible which means it decreases every year I don't have a claim and liability is increased to $300k.

    I think this is a no brainer, I'll be making a switch. I'm going to call around and get a few more quotes too. Anyone have any suggestions for other companies?

  9. #9
    Join Date
    Jun 2008
    Location
    De Pere WI
    Posts
    4,103

    Default

    progressive and i'm right around $430 for coverage. don't know the specifics, but it's what the bank demanded and they said they require a lot more than the basic state limits.. It did jump around $125 dropping the supra and adding a new boat.
    '06 Supra Launch 20SSV-gone but never forgotten

  10. #10
    Join Date
    Jan 2008
    Location
    Tallahassee, FL
    Posts
    11,054

    Default

    Definitely price Progressive, Boat US and I think Allstate is getting aggressive in marketing boat coverage-- one of the big ones anyway-- think it was Allstate. Mine went up about $30 so I didn't shop it this year. We should all find a way to get our boat insurance from one place-- maybe Dusty could help?
    My Mom said I'm not allowed to get wet!
    2008 LSV
    2000 Outback LS (sold)
    Exile Tunes
    PWI
    LLTR!!!!!!!!



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