Engine Co 454

I am looking at getting my first "private boat" for my wife and kids. The other boats have been family boats that were owned by my uncle. He has owned various boats since he was 21, well at 55 he is cashing out of the boating life. So I am going to buy a boat that will finally be registered in my name. So I go from first mate to captain! I am looking at a 97' Powerquest 257 Legend with a 454.

Now I have been boating since I was 15, I am now 30. I have a clean driving record-I have to, I am a Firefighter. I have taken a few boating classes in that time. I can't find my CGAUX class certificate, I will probably have to take the class again.

Being that the other boats were not in my name, what are insurance companies looking at when it comes to boat insurance and experience and rates in general. I know there are alot of variables, but answer the best you can.

Oh, to add, Lake Michigan and Illinois rivers would be a primary boating area.

jmeng

I was in the same position. Had a ton of experience on family owned boats but had never owned one myself. It definately made getting insurance tougher. Not impossible but had several companies tell me if I would buy a smaller boat for a couple of years before I stepped up to the 30+ range my rates would be cheaper.

Gladhe8er

I was in the same boat as you last year. I had been driving my dad's high performance boats for 12 years, but nothing was ever in my name until I bought my Scarab last summer at the age of 28. Insurance was $670 last year and $550 this year. That's with having my brother listed as a 2nd driver with a DWI.

Insurance God

It all depends on the carrier. The high performance carriers require prior ownership. The only exception is if you attend a performance driving school.

If your boat is stock, you will be able to get insurance through a "standard" carrier. Let me know if I can help.

Shawn

FormulaOne

I bought my formula at 28 yrs old. Ins ran about 700 bucks/yr. through boat US

Since then I bought a house and turned 30. Switched my cars and boat to the same co. as my homeowners and the boat ins now works out to be 472 per yr.

I'd try and bundle everything if possibe.

Engine Co 454

Boat US quoted me around $350-375 a year.

Gladhe8er

That's cheap. Go for it.

dzglaser21

Not to be proud of it but to use as an "educational tool" 25 years old, 3 DUI's (no wrecks) 2000 25 outlaw 454 mag, full coverage, $1000 a year, which is waaayyyy better than what i pay for my truck ins.

GCAT911

Thank God You Do Not Live On The Gulf Cost (coast)
If You Did The Insurance Would Cost More Than The Boat, House And Future Divorce.