No Insurance?
 

:angry-smiley-055:

A few weeks back I contacted Sy Goldberg from Total $ for an insurance quote on a 07 292 Fastech, who was an OSO recommedation. He got back to me and said that no one would take me because of my age. I'm 23 years old, this would be my first boat. The 292 has since been removed from the picture an I am now looking at a used 2002 271 Fastech, the boat is shorter and has a singe engine vs. the twins in a 292. Does anyone know if this will have an impact on whether or not I can get insurance, even with my age being what it is?

It should make it a little easier. When I was shopping around and having trouble getting insurance for a 292 or 32 Fountain a couple of agents told me if I dropped back to a smaller boat with a single 496 it would be cheaper to insure. Have you tried Elton Porter Ins? Also try Progressive on the 292. Good luck.

Young grasshopper must be more creative when seeking insurance :D
But don't knock Sy, I think he's just more geared towards bigger boats/bigger $/more experience.
Have you done the online safe boating course (Boat US, etc?). Please tell me this isn't the first boat you've operated right? Remind me where you're at? Here in South Florida for example, the only way I could get affordable coverage is by tagging on to my dad's policy. And I'm an experienced, prior boat owning, great credit, great driving history customer...for whatever that crap is worth...
Search on Craigslist in your area and look for someone giving away a boat, but make sure it has a title. Put the title in your name. Now you're a previous/current boat owner. :D
How about tacking on a family member on the title that may have an easier time getting insurance? This can be tricky/complicated, but if you REALLY want that boat...
You've got to hit every possible boat insurer, that covers your area.
Good luck.

When I was 23 (3 yrs ago) I went thru Progressive on a 1991 311 SR1. Also try All state, State Farm. To be written by most of these companies the top speed had to be less than 70mph. Most 292 will run just over 70 mph with 6.2's so tell them 68 or 69 mph. They should write you then.

Hope this helps.
Don

Is your driving record clean??

Thanks, all.

I'm not knocking Sy at all. I haven't gone through the whole boat ownership thing before.

I do have a clean driving record. I have 10+ years of experience. I've been driving/operating boats since I was 10 years of age. I've been taking my fathers boat out on my own since I was 16. I just have never been a licensed operator or owned my own boat. College got in the way of all my activities. I'm signed up to take my USCG course though. I've done the online quote with progressive which gave me a quote but I wasn't sure if that meant that they would actually insure me. I figured that a smaller boat with lesser total HP would make it easier to get approved or to have someone cover me.

Thanks for all the advice. You guys are great!

Does your dad have insurance? If so, start with them; maybe the broker would like to "keep it in the family"...
You're right, an online quote is no guarantee of coverage...BUT, if you got a quote you were OK with, call a Progressive broker and have them do the legwork to get you done.
Sure, smaller boat/less HP "might" make it easier, but I'd bet the underwriting standards are having a more difficult time with your age and "lack" of "documented" ownership/experience. Putting your name on a boat title would probably make the biggest difference in getting you covered.

Just FYI, I got lower Progressive quotes going through independant brokers than through Progressive direct.

Talked to Sy Goldberg again today, pretty much answered my question. Although Sy couldn't help me out he said that the companies he deals with have a 25 year old age requirement. However, he told me that with progressive it is only 21 years of age, so it looks like I'll be able to go through progressive, right now progressive has been the least expensive at 1200/y. I be sure to take all of your advice inconsideration and look for a marine specialist as well.

I don't know what I would do without OSO. You guys are great!

State Farm, 1000/yr for Full 12 Month Coverage, for a 06' 353 Fastech, I'm 26

And you live in Indiana where the boating season is 4 months long ... :D

State Farm (Scott Beatty in Amsterdam NY) 1000/yr full coverage on a 2001 271 w/ 496 HO+trailer. This is my first "real" (titled) boat. I am 45 and a couple speeding tickets.

I am now 25, but when I was 21, I was insured on a 382 w/500's, for around 3500/yr. My last boat policy was with Progressive, and I was 23. 38donzi w/600's@4k/yr. So, Progressive will write it, but its gonna hurt.

Corey

Good Point. :D But still not bad, compared to some of the other companies I recieved quotes from.
I spoke with someone at a Large Boat Insurance Company in NY, I can't remember the name. But they laughed when I asked for a quote. I never heard back from them!

I receved a quote from frank farr insurance on my 2001 formula 312 of 1000.yr that inc 2007 trailer #585-259-1641 rochester ny. dave.

towboss, you mentioned in another thread you have 6.2's, what kind of speeds do you see with them. 63-65 so where around there.

splitdecision 271 i got 65 mph on calm water 67 on 4ft wake trim out to max . i just took my silent thunder panal off and put angle cut chrome tip pipes with in side flaps. looks good. dont think i will get any more speed . towboss.

You will be boating near me most of the time and I will tell you that a 29 is borderline out in the ocean.So you will be inside with the 27.Problem is If you by new with Formulas interest rates,and want to go bigger in two years you will be upside down because it will be cheaper for the next guy to buy a new one.Buy a clean used boat then get what you want in a few years you will probably want at least a 35 call me if you are around this weekend Tim

Expensive Date- I'm thinking of going out on my fathers 31 PC this weekend. Saturday most likely, we'll probably be spending that day over at Tices Shoal. Since I'm not the captain or the owner I have no choice or say in where we go. Your more then welcome to stop by for a drink or two, I would love to check out your 292 if your willing to make the trip over to Tices Shoal this weekend. Out of all the years I've been going down there, I have yet to a newer 292. Seen plenty of 353's no 292's though. When's a good time to reach you Tim. My name's Brian by the way.

Brian I will be up there for the raft up so call me on my weekend cell 402-7764 will try to get up there by 1:00 Call me any time just leave a message if you get my voice mail.

Expensive Date- It was nice to meet you and your kids on Saturday. Boat looks great in the water and sounds great as well. Seeing a 292 in water and in person pretty much made my mind up that the 292 is the way to go. Thanks for the little bit of insight you gave on the 292 as well, I appreciate it. I'm definately gonna have to take you up on your offer for a little joy ride, just let me know when's good for you and I'll be there.

My father was quiet impressed by the boat as well. He's thought that the 271 and 292 were too small for the bay, but as we talked after you left he said that the boat looked solid and big enough and would handle fine. Those two feet really make a difference. He actually spotted you coming arcoss the bay. He's even thinking of a new boat now.

I will be up in Pt Pleasant for the race (sweep boat) give me a call next weekend.Will be around