What Coverage Do You Really Need?
Owning a boat in Florida is both a joy and a responsibility. From the Gulf Coast to the Atlantic and every inland lake in between, boaters enjoy unmatched access to the water.
But Florida’s unique risks, storms, crowded waterways, and high accident rates, make the right insurance coverage a must.
Why Boat Insurance Matters in Florida
Unlike auto insurance, Florida law does not require boat insurance for most watercraft. Still, marinas, lenders, and even common-sense safety all point to the same conclusion… carrying boat insurance is the smart choice.
A single accident can cost thousands in repairs and liability claims. In 2024, Florida led the nation in boating accidents, according to the U.S. Coast Guard (Miami Herald, June 2025).
Important Types of Florida Boat Insurance Coverage
A strong policy balances protection and affordability. Here are key coverage types:
- Liability coverage — Pays if you cause injury or damage to another person or vessel.
- Collision coverage — Repairs or replaces your boat after an accident.
- Comprehensive coverage — Protects against theft, vandalism, fire, or hurricane damage.
- Medical payments coverage — Covers medical expenses for you and your passengers.
- Uninsured boater coverage — Protects you if hit by an uninsured or underinsured boater.
- Towing and assistance — Helps with breakdowns, fuel delivery, or emergency transport.
Last 12 Months in Florida
Several events have made boat insurance more important than ever:
- Insurance rates climbed in 2025 after Hurricane Idalia claims, Tampa Bay Times, Aug 2025
- New U.S. Coast Guard safety requirements added inspection rules for certain vessels (Sun Sentinel, May 2025).
- Reports of abandoned, uninsured boats rose in South Florida marinas (Naples Daily News, Feb 2025).
How Much Does Florida Boat Insurance Cost?
Premiums vary by vessel size, horsepower, storage, and driver history. Average costs in Florida range from a few hundred dollars per year for smaller boats to over a thousand for larger yachts. High CPC values on insurance searches show strong consumer demand for quotes.
Consumer Checklist
Before requesting a Florida boat insurance quote, review this checklist:
- Know your boat’s year, make, model, and motor size.
- Check if your lender or marina requires coverage.
- Ask about hurricane, flood, and named-storm deductibles.
- Consider liability limits that match your personal assets.
- Look for discounts tied to boating safety courses or GPS tracking.
- Review if personal items (rods, gear, electronics) are included.
- Ask your GreatFlorida Insurance Agent for bundled policy savings.
FAQs
Is boat insurance required in Florida?
Florida does not mandate coverage for most boats, but marinas and lenders often require it. It is still highly recommended to protect yourself financially.
How much is average boat insurance in Florida?
Costs can range from $200 to over $1,000 per year depending on the boat and your record. Larger and faster boats usually cost more to insure.
Does homeowners insurance cover boats in Florida?
Most homeowners policies only cover small boats with low horsepower. Larger boats usually require a separate marine policy.
What does liability-only boat insurance cover?
It covers damage or injury you cause to others, but it does not pay for your own boat’s repairs or your medical bills.
Do I need insurance for a jet ski in Florida?
It is not legally required, but coverage is strongly recommended due to the high risk of accidents with personal watercraft.
How can I lower my boat insurance premium in Florida?
Take a safety course, install safety gear, and ask about bundling with your auto or home insurance policy.
What happens if I don’t have boat insurance in Florida?
You may face out-of-pocket costs after an accident and trouble docking at marinas that require proof of coverage.
Does Florida boat insurance cover hurricanes?
Yes, most comprehensive policies include storm damage, but review deductibles and exclusions carefully.
Can I get liability-only coverage for my boat?
Yes, liability-only policies are available and can be cheaper, but they do not protect your own boat against damage or theft.
When should I contact a GreatFlorida Insurance Agent?
Before purchasing a boat or renewing coverage, call your local GreatFlorida Insurance Agent to compare options and ensure full protection.
Florida Compliance Note
Policy details vary. Always review your policy and consult the Florida Office of Insurance Regulation for official guidelines.
Contact your local GreatFlorida Insurance Agency today for a personalized Florida boat insurance quote.