I use State Farm and pay $849.00 a year for 90,000.00 policy includes 6,000.00 for trailer (500.00 deductable) and 2,000.00 personal items inside the boat (100.00 deductable). Also includes 300,000 water liability, any damage to boat from rocks ect, and towing if stranded. I have life insurance and home owners insurance through them as well but no one could come remotely close to their number that I checked with. 1997 353 Formula with 502 MPI's.

I got State Farm to quote a 01 382 w 575's. I could not believe it 2275. Full coverage. I have 10 or so policys with them but still I thought that was cheap.

National Marine Underwriters. Full coverage including trailer, 300k liability. 1988 Formula SR1-311 with T-454 Mags. $750/yr.

I used State Farm on my 99 34ft Powerquest Vyper with 500hps, and coverage(replacement cost, including trailer) plus 3 grand on personal property with 500000. liabilaties was 1200. per year covered trailering and up to 50 miles offshore,,Bahamas coverage was purchased on a per trip basis rider at the rate of about 60 bucks per trip.

You had better read your policy. My State Farm agent of many years listed my Black Thunder as having 250 HP engines instead of twin 500HP. After his daughter took over the agency I got to checking all of our insurance. I caught the mistake and reported it to SF. My thanks from them was to not renew my boat insurance. I have since pulled all of my insurance to another carrier. If I had had an incident while insured by SF they would have said sorry, not covered. What really steams me about the whole deal is they had the Merc S/N's, marine survey. and pics of the HP500's. So much for due diligence on the part of the insurance co. Joe Murray

Try Progressive Insurance. They seem reasonable. ERIC

Try Dave Webb at JW Terrill. You can get their contact infor from the Formula website. They have Formula-exclusive programs and their rates are very competitive. We use them all the time for our new Formula customers.

Tom
Total Marine

I would agree with Tom from Total Marine. We used Dave Webb on our 98 382 FasTec and have on the the 04 370SS. Great person to deal with, up front no bull s**t.

Try www.worldwidemarineins.com. Ask for Bob and tell him Garrett D. sent you. He just saved me $400 for the year for the same coverage I was going to get elsewhere!

Cheers,
Garrett

I am a marine surveyor.I have a few insurance companies to try that are very good...You may need a survey for the vessel..I can help you

Tom Martin
215-852-6641