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Insurance Price
1998 Fastech 353, no claims, south east Florida, high and dry marina kept. Annual premium $2,600 (under insured value of $55K).
$2,600 sound right or high? Thanks |
All depends. Insurance companies look at driving history, claim history, experience boating, credit score, job history, location, body of water used on, etc So much goes into it, best bet is get 3 quotes from different carriers to get a baseline.
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Sounds high to me...not sure about florida but I live in Michigan where insurance is outrageous on everything and for my 1997 Nordic 28 heat with an agreed value of 40k with full coverage garage kept on the trailer its 780 a year...of course your boat is bigger with twins but that seems high to me...but like rob said there are a ton of variables and I would check around...I'm through progressive if that helps...
Stewart |
Originally Posted by BBYSTWY
(Post 4653598)
Sounds high to me...not sure about florida but I live in Michigan where insurance is outrageous on everything and for my 1997 Nordic 28 heat with an agreed value of 40k with full coverage garage kept on the trailer its 780 a year...of course your boat is bigger with twins but that seems high to me...but like rob said there are a ton of variables and I would check around...I'm through progressive if that helps...
Stewart |
The Southeast Florida location is what will drive your rate way up.
It would be best to compare rates with people in that area only. |
I was just *****ing to my agent here in west michigan yesterday. My 98 powerquest vyper just went from $626 to $840 annually..
40,000 boat and 10,000 trailer he was saying that the comprehensive side of things made the biggest jump. |
Wisconsin, 2006 28 ft formula SS twin 350 mags. Boat is insured @ 58,000, $8,000 new trailer, 500 deductible, $845 a year through progressive. |
Biggest factor here is age...our 94 top gun is a premium to insure because no one will insure it and foremost knows it. We pay 2100 a year. |
What do you have it valued at?
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Originally Posted by drumerjb
(Post 4697330)
What do you have it valued at?
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