GEICO boat insurance

GEICO's guide puts the typical yearly cost of boat insurance between $300 and $650. That number reflects the whole industry rather than one company. It is not a rate GEICO has committed to for any particular boat, so the quote you receive could come in higher or lower.

How the policy values your boat also plays a part in what you pay. GEICO gives you two options, and they pay out differently should the boat be written off entirely.

With agreed hull value, you and the insurer fix a set amount for the boat at the start of the policy. Should the boat become a total loss, that set amount is the payout.

Actual cash value works differently: the payout reflects what the boat is worth on the market when the loss happens, once age and wear have pulled that worth down. GEICO explains both choices in its guide to pricing.

Start a quote on GEICO's site and you will be sent over to the BoatUS website to complete it. You can also get a quote from GEICO by phone. The reason is that GEICO Marine Insurance Company underwrites these policies. Underwriting means that company carries the risk and pays out claims, while BoatUS takes care of much of the service.

It is worth checking that your boat is eligible before you begin:

1. Check the length, by measuring or looking it up. GEICO does not insure boats over 50 feet.
2. Consider what the boat is worth. Anything valued over $2,500,000 will not be accepted.
3. Look at the kind of craft you have. Airboats, hovercraft, amphibious land boats, and houseboats without motors cannot be covered.
4. Choose between agreed hull value and actual cash value, because this choice feeds into your quote.

A number of coverages are listed by GEICO as standard for its boat policies:

• Cover for the boat itself, on either an agreed hull value or actual cash value basis
• Liability for fuel spills
• Payments towards medical costs
• Salvage work and removal of the wreck
• Protection if an uninsured boater causes damage
• Replacement cover for new boats

Among the optional extras is on-water towing through BoatUS, with help available 24 hours a day, every day of the week. Boat equipment coverage is another add-on, and it can protect GPS units, navigation equipment, stereos, fishing gear, and even mobile phones.

Two discounts are on offer from GEICO for boat owners. Holding a GEICO auto policy already could bring your price down, and completing a boat safety course could do the same.

A deductible is the share of a claim that comes out of your own pocket before the insurance covers the remainder. The Disappearing Deductible lets that sum shrink for every year you spend claim-free.

For financial strength, AM Best affirmed the A++ (Superior) rating of GEICO members on April 16, 2026, and GEICO Marine Insurance Company is part of that group. The rating reflects the company's ability to pay claims.

For service, GEICO points to round-the-clock claims handling and towing. Because of the BoatUS partnership, much of what you do, from getting a quote to making a claim, happens through BoatUS instead of GEICO's main website.

What matters most to weigh up is the limits. Boats past 50 feet, boats valued past $2,500,000, and some craft like airboats and houseboats with no motor sit outside what GEICO will cover. A boat that fits inside those limits gets a broad set of standard coverages, with towing and equipment cover available as add-ons.