I think it's actually closer to 14-1500, I forgot I had my ski boat in the policy too.
That's a 60k agreed value policy. Another way to look at it- My 30k truck costs about 1/2 as much a year to insure so it's kind of relative. And my ski boat costs about 400 and it's worth 20k so it's also relative.
Would you rather pay more for insurance or more for a bigger boat and power to get the ride and speed you are more than likely after?
Now if you are a young kid with bad credit and a bad driving record you'll need a canoe