How much does insurance typically run on a 28'-30'?

[Teabagger]

Just wondering what the average (if there is such a thing) one pays for insurance on a 28' to 30' boat? I assume value plays into it so for comparison I'm looking for advice from owners of roughly $80,000 boats, single motor of less than 500HP.
Also, is there a consensus on any insurance company that's the best to use or does it simply pay to use your auto/home insurance provider?

[revpuffdaddy]

2004, 28ft Conquest Top Cat II with 496HO is $760 year through State Farm.

[BoatPI]

So you know the cut off point for many companies is 26' and 70 MPH. Many write larger boats, but speed above 80 MPH and HP over 500 increases the cost of the policy. You may want the check with Progressive and if not ACE or Old United Insurance.

[FASTERDAMITT]

Try Progressive's site on boattrader.com, they have an interactive quote system that will tell you with whatever you input.

[NashvilleBound]

05 Magic Deck...300 agg, agreed value....$940 year with State Farm. It was comical getting quotes for a 28' deckboat out here. They all asked "does it go more than 45MPH?" I'm like...uh..ya. Really...Wow... It was too funny.

[h2oski2fast]

If it's a cat, $2500+

[Essex29]

as long as your stinking to less than 500hp you have plenty of choices...I like progressive the best...I use to pay 1100 300liability...agreed value.
you could do some homework and find it cheaper....If your worried about the cost of insurance...DEFINITLY stay under 500hp!

[Steamin' Rice]

MY 29 shockwave with an HP500EFI was about $950 per year with State Farm.. New 34 Shockwave with 525EFI's is almost $4k per year with ACE.. ouch :sqeyes:

[Panic Button]

Cigarette Cafe with twin 502's $1100/yr, State Farm, but I think they screwed up as they classified it as a "Cruiser"

[Panic Button]

28' HEAT WITH 500HP,full coverage 590$ a year :wink: state farm
You made out, 2 drives at over $7k each, no wonder my rate was double...

[HCS]

AllState will match Progressive. For me, they beat it with the same coverage.
If something happens............I'm not sure. :idea:

[Patyacht]

Look at the coverage. Full Replacement compared to depreciated value. Tunnels will be more. Other factors they consider is experience, installed equippment, top speed etc.

[dregsz]

1986 20 ft tunnel hull, 200 hp,
$93 per yr, full coverage w State Farm

[SHAKEN Not Stirred]

About $800 a year with full replacement.....
Go with Progressive as they have the best watercraft policy for a stock V....
Some may meet the price, but not the service....
Salvage & clean-up and stuff like that.....
Call Mike at Alternative Instuance Agency in Corona.....
The wrote me my Markel policy when I upgraded the power.....
Later,
CJG
:wink:

[ACLC]

$931.00 a year for my 2005 Laveycraft 2750 with a 525 EFI (500HP/80 mph boat), State Farm.

[BoatPI]

And a word of caution is due. Be accurate when completing the application, for speed, and horsepower. I just completed one claim that I knew was going south. The company denied the claim for material misrepresentation, AKA lying on the application. The owner is out about $80.000. I find theat companies are very good about paying honest claims. Theft claims for high dollar boats can take time as these are the ones that often involve fraud. So unless you budget for a premium of $200 per MONTH, stay away from HP engines, blowers, cats, and stick to 496 Mag. Some might let you slide into an HP500 single. the premiums mentioned in this thread are what I expected, and they have slide down about 10% in recent years.