Missouri Boat Insurance

Owning a boat in Missouri gives you access to some of the country’s most beautiful rivers and lakes. It’s essential to have the right boat insurance to protect your vessel. Boat insurance isn't required by law in Missouri, but it’s a wise investment to cover risks like accidents, theft, storm damage, and liability. Many responsible boat owners choose to carry coverage to protect their boats.

Is Boat Insurance Required in Missouri?

Missouri doesn’t legally require boat insurance, but certain situations might. If you're financing your boat, your lender will likely require coverage. Marinas may also request proof of liability insurance before allowing you to dock your boat. These precautions help reduce the financial risks for boat owners and other people on the water. Without insurance, you could face financial setbacks or be denied dock access in case of an accident or damage.

Missouri Boat Insurance Coverages

In Missouri, boat owners can personalize their insurance policy to suit the way they use their boats. GEICO Marine offers a variety of coverage options that protect both your boat and your finances:

• Liability Coverage: Covers injuries or property damage you cause to others in a covered accident.
• Hull and Equipment Coverage: Helps pay to repair or replace your boat, engine, and essential equipment if damaged by a covered event, such as a storm, fire, or collision.
• 24/7 Boat Towing: Optional coverage that provides towing services if your boat breaks down on the water. With GEICO Marine for your boat and optional towing coverage through BoatUS, you can be sure to get back to shore safely. As the nation's largest group of recreational boat owners, you're backed by a partnership with over 50 years of experience in making boating safer and more enjoyable.

Managing your boat insurance policy and making payments is easy in the BoatUS app, which makes sure you have all the coverage and convenience at your fingertips.

How Much Does Boat Insurance Cost in Missouri?

Boat insurance in Missouri tends to be more affordable than the national average, but the cost can depend on several personal factors:

• Type of Boat: Speedboats, yachts, and other high-performance boats typically cost more to insure than smaller fishing boats or pontoons. This is because they are more expensive to repair or replace.
• Boat Size: Larger boats can come with higher insurance premiums, so the more space your boat takes up, the more expensive it may be to insure.
• Horsepower: Boats with higher horsepower engines tend to be more expensive to insure. Higher-powered engines increase both the risk of accidents and the cost of repairs.
• Usage: If you use your boat for business or competitive events, your insurance costs may increase. Boats used for regular recreation tend to have lower premiums.
• Where You Boat: Popular, busy waterways or high-risk areas, like those near major tourist spots, might result in higher premiums due to an increased risk of accidents.
• Your Boating Experience: Insurance companies often offer lower premiums to experienced boaters with clean records, while newer boaters or those with a history of claims might face higher rates

Missouri Boat Insurance Discounts

GEICO has many ways for Missouri boat owners to save on boat insurance premiums, without giving up on coverage:

• Multi-Policy Discount: Bundle your boat insurance with your auto insurance policy to save.
• Boat Safety Course Discount: Completing a state-approved boating safety course, such as the BoatUS Foundation’s online safety course, may qualify you for a discount.
• Loss-Free Credit: If you complete a policy period without filing a claim, you may earn a credit toward your next renewal, which can help reduce your premium.

These discounts can help make boat insurance more affordable while ensuring you’re fully covered when you're on the water.

Boat Insurance Limits and Deductibles

Deductibles and coverage limits are other critical components to consider when designing your boat insurance policy, as they play a significant role in determining your premium costs and the amount you’ll be reimbursed if you file a claim. Ensuring you have a clear understanding of both can help you create a well-rounded policy that balances cost with adequate protection.

• Deductibles: This is the amount you’ll pay out of pocket before your insurance kicks in. If you choose a higher deductible, your premium will likely be lower, but you'll pay more if you need to file a claim. If your boat or equipment is stolen, a special theft deductible applies, which is different from the standard deductible for other types of claims.
• Coverage Limits: These are the maximum amounts your insurance will pay for a covered claim. It’s crucial to select coverage limits that match your boat’s value, how you use it, and the risks involved. If a claim exceeds your policy’s limit, you will be responsible for the remaining costs.

GEICO boat insurance helps you find the right balance between affordable premiums and having adequate coverage for your boat.

Why GEICO is the Best Boat Insurance in Missouri

GEICO has competitive rates, flexible payment options, and a straightforward claims process. Missouri boat owners can find affordable premiums and a variety of discounts, all while receiving great coverage. GEICO also provides coverage for boats over 40 years old, making it an excellent option for owners of classic or vintage boats. With GEICO, you’re covered by a trusted name in insurance with many years of experience, providing you with peace of mind.

Get a Free Boat Insurance Quote in Missouri

Securing the right boat insurance for your needs in Missouri is important. By considering your boating habits, the type of watercraft you own, and any additional coverage you may need, you can find the policy that suits your needs.

If you're looking for affordable boat insurance that doesn't skimp on coverage, GEICO offers a variety of options designed for you. Get your free quote today and ensure you’re fully covered while enjoying Missouri's lakes and rivers.