Boat Insurance

Secure the best boat insurance quote today!

Compare Yacht Insurance is your one-stop destination for comparing and purchasing the best boat insurance policies available in the market.

Boating can be a great experience, but it’s important to protect your investment and yourself against any unforeseen circumstances. That’s where boat insurance comes in. Boat insurance provides coverage for damage or loss caused to your boat, as well as liability coverage in case you are held responsible for causing damage or injury to others while boating.

At Compare Yacht Insurance, we understand that finding the right boat insurance policy can be a daunting task. That’s why we’ve made it easy for you to compare policies from leading boat insurance providers in just a few clicks. Our platform allows you to compare policy features, premiums, and coverage limits side by side, so you can make an informed decision and choose the policy that best fits your needs and budget.

Why do you need Boat Insurance?

When it comes to finding your first boat insurance policy for your new boat, or for that matter at any subsequent insurance renewal, you’ll probably think how you can reduce your premium and still get the same level of cover from your insurers?

Whilst there are many factors that go into getting the best boat insurance policy, the simplest answer is being able to get many quotes from the different insurers available. This allows you to find an insurer that best fits your requirements. To achieve this the simplest way is to use a service like Compare Yacht Insurance, by simply filling out our form once you can get access to a wide range of quotes and save time and money in the process.

However beyond just using our service there are further things that can be done to reduce your boat insurance costs, something which we will further explain on this page.


Saving on your Boat Insurance Premium

If you want to save on your Boat insurance premium, the most important thing to remember is being upfront and honest with your insurer. The more information you provide them, the more likely they are to being able to accurately and fairly price you as a ‘risk’. When you get your boat insurance quotes from our panel of insurers, you’ll be able to respond to them directly with any questions you have or amendments that you may want. 



What can influence the premium payable for Boat insurance?

From a small boat to a large super-yacht or a fast and furious Jet Ski, each vessel will attract a different level of risk, so just like car insurance – boats are usually categorised according to their vessel type.

It goes without saying that a ‘Sunseeker’ with powerful engines costing several hundred thousand pounds will be far more expensive to insure than a smaller, much less powerful craft.

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Type of Vessel

A boat will have a different risk assessment than a dinghy or a jet ski, so insurers will factor in the type of the vessel and any potential repair bills before calculating the premium.!



In general, the actual size of the boat isn’t as important as its value, how easily it could be stolen and the potential for damage.



The experience of the owner / users, the type of use i.e. whether it is used privately, as a charter or racing vessel and of course any previous claims experiences are all taken into consideration when calculating the premium.

Our Top Tips

So when shopping around, here are some top tips of what to look out for when comparing the policies from prospective insurers. We’ve already made this process as easy as possible for you, by not leaving you to have to get a quote from every insurer separately.

· Are the boat details identical?

· Is the Total Sum Insured the same?

· What is the Third Party Liability limit?

· What Excess / Deductible applies to the quotes? (If you are happy to bear a higher excess then do not be afraid to ask your insurer. This will likely result in a reduced premium).

· What cruising parameters does each quote provide?

· Is the cover being offered comparable?

· All of the above will impact the cost of your insurance premium, so be sure you have all the details when making a comparison.

How we can help you with your Boat insurance

At Compare Yacht Insurance, we know that finding the best insurance for your Boat can be a tricky business – so we’re here to make it easy. We do the hard work for you, gathering the best quotes from the top insurers and delivering them straight to your inbox, for free. To get started right away, all you need to do is fill out our simple form


Get a Boat Insurance Quote

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Do you have any questions on Boat Insurance?

Here at Compare yacht insurance we are always happy to help and share our knowledge on the Boating industry and help our customers achieve the very best cover for their boat. To get in touch please visit our contact page which will show all the ways you can get in touch.

Contact us

Compare Yacht Insurance FAQ's

I’m going to take my yacht out of the water for a prolonged period, should I notify my insurer?

You almost certainly should notify your insurer as the risk will change in their view. You may be entitled to what are called lay-up credits, whereby you are entitled to a reduction in premium to reflect the reduction in risk.

I have sold my yacht, what should I do with my policy?

The moment that you hand over the keys to your yacht in a sale, you no longer have insurable interest. Therefore no insurance policy would be enforceable, as even if the yacht were to catch on fire the next moment, this would be the responsibility of the new owner. You should contact your insurance company as soon as you sell the vessel, and ask them to cancel the policy. Depending on whether or not your in your first few months or first year of your insurance policy, will dictate what sort of insurance premium refund you’ll get – as long as you’ve not made a claim on the policy.

What are all risk policies?

An all risk policy covers your yacht for all types of losses that you may have, except for those that are excluded in the exclusions section. If there is a new type of loss that insurers aren’t aware of, then you are automatically given the benefit of the doubt with the claim being covered.

How do I qualify for discounts on my yacht insurance premium?

Discounts usually come in the form of loyalty benefits or improving the ‘risk’. If you stay with an insurer for multiple years, they should look out for you and entice you with a loyalty discount that is fair for them too. If you are in your first year of insurance or looking to further decrease your premium, then you should ask insurers to reduce your coverage, or present yourself as an improved risk. Let them know about any and all extra qualifications that you have attained, any improvements to your yacht, and anything else that will help insurers regard you and your yacht as a safer risk.

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