Minnesota Boat Insurance

When living in the Land of 10,000 Lakes, every weekend has the potential to be a boating adventure. From cruising Lake Minnetonka to fishing on Mille Lacs, your boat is more than just a vessel; it’s your ticket to Minnesota’s best escapes. That’s why protecting it with the right coverage is so important. With boat insurance from GEICO Marine and optional towing coverage through BoatUS, you can enjoy the water with confidence, knowing your boat, gear, and good times are backed by reliable protection at an affordable rate.

Is Boat Insurance Required in Minnesota?

Minnesota does not legally require boat insurance to operate vessels on state waters. That means you won’t face state penalties for boating without coverage. However, many marinas will ask for proof of boat insurance before they allow you to dock, store, or launch your vessel. If you financed your boat, your lender will also likely require insurance to protect their investment until your loan is paid off. Even when not mandated by law, having Minnesota boat insurance is a great way to protect both your boat and your peace of mind.

Minnesota Boat Insurance Coverages

With GEICO, you can personalize your Minnesota boat insurance policy to fit the way you use your boat. Coverage options are designed to help protect you, your passengers, and your investment while you’re enjoying the state’s lakes and rivers. Typical coverages include:

  • Liability Coverage: Helps cover costs if you’re responsible for injuries or property damage while operating your boat, and may also include legal defense expenses.
  • Hull and Equipment Coverage: Helps pay to repair or replace your boat, engine, and equipment due to damage from a covered event.
  • Premium Boat Towing with BoatUS (Optional): Add extra peace of mind with around-the-clock towing and on-the-water assistance from BoatUS, including services like fuel delivery and jump starts. With GEICO Marine for your boat and optional towing coverage through BoatUS, you’ll be able to enjoy the water with confidence.

Boat Insurance Limits and Deductibles

When you choose a Minnesota boat insurance policy, you’ll need to set limits and deductibles that fit your needs. Coverage limits are the maximum an insurer will pay for a claim, so it’s essential to select limits that reflect your boat’s value, usage, and potential liabilities. Claims exceeding these limits could leave you responsible for any remaining costs.

Your deductible is the amount you agree to pay out of pocket before your insurance kicks in on a covered claim. Choosing a higher deductible usually lowers your premium, while a lower deductible means you’ll pay less upfront if you file a claim. Please note that a special theft deductible applies.

How Much Does Boat Insurance Cost in Minnesota?

The cost of boat insurance in Minnesota depends on several factors unique to you and your vessel. Insurers consider factors such as the type and size of your boat, its age, and horsepower. Your boating experience and claims history can also play a role in determining your rate. With GEICO, you can get coverage that fits both your budget and your lifestyle, so you can spend more time enjoying Minnesota’s lakes and less time worrying about what-ifs.

Minnesota Boat Insurance Discounts

Saving money on boat insurance is easier than you might think. GEICO offers several ways for Minnesota boaters to lower their premium while still getting dependable coverage, including:

  • Multi-Policy Discount: Already have a GEICO auto policy? Bundle your coverages for lower rates.
  • Boat Safety Course Discount: Complete an approved course, like the BoatUS Foundation’s Online Boating Safety Course, and you may qualify for a discount.
  • No Loss Credits: A clean boating record pays off. If you’ve been claim-free for a set period of time, you could earn credits that help reduce your premium.

Why GEICO is the Best Boat Insurance in Minnesota

Minnesota boaters trust GEICO because we make it simple to protect your time on the water. With thousands of policyholders nationwide, we’ve built a reputation for reliable coverage backed by a fast and straightforward claims process. If an accident happens, our team is ready to help so you can get back to cruising, fishing, or relaxing on the lake as quickly as possible.

Thanks to our partnership with BoatUS, managing your policy is convenient and stress-free. The BoatUS app allows you to access your coverage details, pay your bill, or request assistance directly from your phone. Combine that with GEICO’s excellent customer service, and it’s easy to see why so many boaters choose coverage backed by GEICO Marine.

Get a Free Boat Insurance Quote in Minnesota

Ready to protect your vessel? Get a free Minnesota boat insurance quote from GEICO online, or contact us for tailored guidance you can count on.

Boat Insurance in Minnesota FAQs

  • Do boats in Minnesota need to be registered?

    Yes, most boats operated on Minnesota waters must be registered with the Minnesota Department of Natural Resources (DNR). This includes motorized watercraft of any size and sailboats longer than 10 feet. Make sure your registration is current before heading out on the water.

  • What types of watercraft are covered by boat insurance in Minnesota?

    GEICO boat insurance can cover a wide range of watercraft, including fishing boats, pontoon boats, sailboats, ski boats, and more. Coverage options may vary depending on the type of vessel, so it’s best to get a quote tailored to your boat and how you use it.

  • Does taking a boating safety course lower my insurance in Minnesota?

    Completing an approved boating safety course, such as the BoatUS Foundation’s Online Boating Safety Course, may qualify you for a discount on your GEICO boat insurance policy. It’s a smart way to improve your skills and save money at the same time.

  • Are all boaters in Minnesota required to wear a personal flotation device?

    Not all boaters in Minnesota are required to wear a personal flotation device, but the law does require that every boat have a U.S. Coast Guard–approved life jacket on board for each person. Children under 10 years old must wear a properly fitted life jacket at all times while aboard a watercraft.

  • Does homeowners insurance cover boats?

    Most homeowners insurance does not cover boats, and if it does, it often has restrictions regarding vehicle size and horsepower. To protect your boat from theft (a special deductible applies to theft claims), accidents, and damage from fire or lightning, you need boat insurance. Boat insurance may also provide liability coverage if you accidentally injure someone or damage their property with your boat.