Virginia Boat Insurance

From Chesapeake Bay to Smith Mountain Lake, Virginia offers endless opportunities to enjoy the water. But before you set sail to your next adventure, make sure you’re protected with the right coverage. If you're looking for affordable Virginia boat insurance that doesn't compromise on coverage, GEICO and BoatUS offer options tailored to fit your needs.

Is Boat Insurance Required in Virginia?

Virginia does not require boat insurance to operate on state waters legally. However, just because it’s not mandatory doesn’t mean it’s optional in every case. If you’ve financed your boat, your lender will likely require comprehensive coverage to protect their investment. Many marinas also ask for proof of liability insurance before allowing you to dock or store your vessel on their property.

Even without a legal requirement, going without boat insurance can leave you financially exposed. Accidents on the water can lead to expensive repairs, medical bills, or lawsuits. And while you won’t face state-issued penalties for operating uninsured, the potential out-of-pocket costs can be far more damaging. Having coverage helps ensure peace of mind every time you hit the water.

Virginia Boat Insurance Coverages

GEICO offers a range of boat insurance coverages tailored to meet the needs of Virginia boaters. Whether you're navigating the James River or exploring coastal inlets, our policies help protect your boat, your passengers, and your wallet in the event of an accident or unexpected damage. We offer:

• Liability Coverage: Helps cover damages or injuries you’re responsible for on the water. Optional fuel spill liability is also available for added protection.
• Hull and Equipment Coverage: Covers physical damage to your boat, engine, and boating equipment from things like accidents, weather, or theft.
• 24/7 Boat Towing: Round-the-clock towing assistance when your boat breaks down on the water or at the dock. This is an optional coverage offered through TowBoatUS.
• Agreed Hull Value or Actual Cash Value (ACV): Choose how your boat is valued in a total loss: a set value or its depreciated market value.
• Medical Payments: Helps with medical expenses if you or your passengers are injured in a boating accident.
• Uninsured Boater Protection: Offers coverage if you’re hit by an uninsured or underinsured boater.
• Salvage Coverage and Wreck Removal: Helps pay to recover your boat and clean up debris if it sinks or is seriously damaged.

How Much Does Boat Insurance Cost in Virginia?

The cost of Virginia boat insurance can vary depending on several key factors. The type of boat you own, its length, number of engines, horsepower, and how you use it all play a role in determining your premium. Where you store your boat, the level of coverage you choose, and your boating experience can also impact the final cost. GEICO makes it easy to personalize your coverage to fit your needs and budget, so you’re only paying for what matters most to you.

Boat Insurance Limits and Deductibles

A deductible is the amount you pay out of pocket before your boat insurance covers a claim. Opting for a higher deductible often lowers premiums, but increases potential costs for the insured in the event of an accident.

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.

Virginia Boat Insurance Discounts

Looking to save on boat insurance? GEICO offers several discount opportunities to help lower your premium without sacrificing coverage, including:

• Multi-Policy Discount: Already have a GEICO auto policy? Bundle your boat insurance to unlock extra savings.
• Boat Safety Course: Successfully complete a state-approved boating safety course, and you may qualify for a discount.
• No Loss Credits: If you’ve been claims-free for a certain period, you could be rewarded with a lower premium.

Why GEICO is the Best Boat Insurance in Virginia

From the Potomac to the Atlantic, Virginia boaters trust GEICO to keep them covered. With thousands of policyholders across the country, our reputation is built on reliability, affordability, and service that’s always there when you need it. GEICO offers some of the most competitive rates in the state, along with discounts designed to reward safe boating habits and policy bundling.

Our 24/7 customer support means help is just a call or tap away. The BoatUS app makes it easy to manage your policy, file a claim, or access digital ID cards right from your phone. And with a fast, streamlined claims process, you can get back on the water sooner. When it comes to protecting your boat in Virginia, GEICO delivers coverage you can count on with excellent service.

Get a Free Boat Insurance Quote in Virginia

Get a free boat insurance quote from GEICO or speak with one of our insurance specialists today to see how much you could save. Whether you're docking in Norfolk or cruising through Lake Gaston, we're here to help you stay covered every step of the way.

Boat Insurance in Virginia FAQs

• Do boats in Virginia need to be registered?

  Yes, most motorized boats and watercraft used on public waterways in Virginia must be registered with the Virginia Department of Wildlife Resources (DWR). Make sure you check what registration requirements apply to your vessel before heading out.

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

  GEICO offers Virginia boat insurance coverage for various boats, including powerboats, sailboats, pontoon boats, personal watercraft (like Jet Skis and WaveRunners), and more. If you’re not sure whether your watercraft qualifies, contact us for more information.

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

  Yes, completing a state-approved boating safety course, like the BoatUS Foundation safety course, can make you eligible for a discount on your GEICO boat insurance. It’s a great way to improve your skills and potentially lower your premium at the same time.

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

  Virginia law requires that there be one U.S. Coast Guard-approved life jacket for each person on board. Children under 13 must wear one while the boat is underway. Personal watercraft operators and anyone being towed must also wear a life jacket at all times.

• Does homeowners insurance cover boats?

  Most homeowners insurance does not cover boats. If it does, it often has restrictions regarding vessel size and horsepower. To protect your boat from theft, 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.