Even though boats are leisure items, you do not want to pay too much for your boat insurance. Each dollar you save can be put towards the cost of gas to fuel your next sea excursion. So, what’s the best way to save? By adopting the following strategies, you can save on your boat insurance premiums.
Avoid Reckless Driving
Much like driving a car, you should keep safety in mind when you are steering your boat. Colliding with another boat or incurring damage from weather-related events can easily be avoided or mitigated when you are a prudent captain. With a history of safe boating and no claims, your boat insurance will likely stay low.
Protect Your Boat at All Times
Boat theft and vandalism are common occurrences. When either of these events happen, filing a claim seems natural. However, each time you file a claim, the cost of your boat insurance may increase. Instead of exposing your boat to thieves and criminals, secure your boat when docked and when it is out of the water. With enhanced security features, you increase your chances of cutting back on premiums.
Combine Your Insurance Policies
Insurance companies offer a wide range of insurance products you can choose from to protect your assets, including your boat. Fortunately, you can combine all of your insurance products in order to get complete protection from one insurance company. By doing this you save money, but you may also experience the following benefits:
- Save time when making payments
- The claims process is simplified
- Receive extra coverage
When you have a house and a boat, some insurance companies will offer you additional coverage when you purchase both insurance products from their company. This provides your family with enhanced coverage at a reduced cost. Everyone wins!
Learn More About Operating Your Boat
When you learned to drive, you had to take a driver’s education course. You can take the same approach to boating to increase your chances of being a safe driver. After taking your boating course, let your insurance company know because certain classes may qualify you for a discount.
Learn more ways to save today. Call us today for more information on boat insurance.