Hagerty boat insurance
Hagerty boat insurance comes through Hagerty Classic Marine Insurance Agency, a business that started in 1984 with wooden boats and now also protects classic, newer, fast, and larger boats.
- Market guide, by state group
- $307 to $663Progressive's 2024 to 2025 averages for low-cost and high-cost states, not a Hagerty price
- Policy issued by
- Essentia or Markel AmericanHow to buy: Hagerty, which runs the policy
- Payout after a loss
- Pays full agreed value after a total loss
- On-water towing
- Emergency protection cover; ask about towing
- Financial strength (A.M. Best)
- A (A.M. Best)
From Hagerty's own boat insurance pages (hagerty.com).
Your boat's yearly range across insurers, in three taps
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What kind of boat?
2 of 3
What you paid, or what boats like it sell for. A rough figure is fine.
Type the value in dollars, between $500 and $5,000,000.
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An estimate, not a quote. How we work it out
The line reaches Boat Insurance Compare. Have the boat, its value and your state ready.
Rather have it in writing? Send a quote request with the answers you just gave.
Which company backs a Hagerty policy?
Hagerty itself is not the company that pays your claims. The underwriting is done by one of two insurers, Essentia Insurance Company or Markel American Insurance Company, so one of those insurers settles covered claims. Hagerty Classic Marine Insurance Agency handles the everyday running of the policy, according to Hagerty.
The boat program is run with Markel as Hagerty's partner. On 15 September 2026, Markel's financial strength page listed Essentia as A from A.M. Best, A+ from S&P, and A2 from Moody's.
You'll deal with Hagerty's own in-house marine specialists from your first quote onward. You can get a quote online or by phone.
Hagerty's classic boat cover
For classics, Hagerty insures genuine Chris-Craft, Century, and Gar Wood boats in their original form. Collectible fiberglass boats made before 1990 are included too, as Hagerty lists.
Agreed value is the core of this cover. When the policy begins, you and Hagerty fix the boat's value, and if there is a covered total loss, that whole amount is paid.
On its classic boat page, Hagerty sets out these features:
- Agreed value
- Cherished Salvage, a feature of Hagerty's classic cover (Hagerty's pages name it but don't spell out the details, so ask about it when you get a quote)
- Emergency protection
- Cover for spare parts and tools
- Trip interruption
- Overland transport with no limit in the U.S. and Canada
For sailboats over 26 feet, Hagerty might request an out-of-water survey. That means the boat is inspected while lifted out, so the hull can be looked over. The classic program also allows club racing.
Hagerty programs by type of boat
Hagerty places boats into a few programs. Which one fits comes down to your boat's age, length, and speed.
| Program | Which boats |
|---|---|
| Classic | Genuine Chris-Craft, Century, and Gar Wood models in original form, plus collectible fiberglass boats from before 1990 |
| Standard | Newer boats up to 26 feet |
| High-performance | Boats with top speeds of 65 to 85 mph |
| Yacht | Boats longer than 26 feet |
Under the yacht program, rental reimbursement can pay up to $1,000 after a covered claim, according to Hagerty's yacht page.
The cost of insuring your boat
Hagerty's boat pages do not show set prices, so your cost comes from a quote on your own boat. The value side is easier to see: classic boats get an agreed value, and each program brings its own included features.
A known way to pay less is club membership. Belonging to most established collector boat clubs can earn you a sizable discount from Hagerty.
What boats like yours cost to insure, across insurers
| Boat worth about | Pontoon, bass or ski boat | Sailboat | Jet ski |
|---|---|---|---|
| $10,000 to $25,000 | $300 to $800 | $500 to $880 | $180 to $500 |
| $25,000 to $50,000 | $380 to $800 | $500 to $1,500 | Few are worth this much |
| $50,000 to $100,000 | $750 to $1,130 | $750 to $1,500 | Few are worth this much |
A market guide for a middle-cost state, not a Hagerty price. Every boat, value and state
The same boat in low, middle and high-cost states
| Progressive cost tier | Tier average a year | A $25,000 pontoon a year | States such as |
|---|---|---|---|
| Low-cost, 17 states | $307 | $250 to $590 | Michigan, Minnesota, Wisconsin |
| Middle-cost, 17 states | $413 | $300 to $800 | Georgia, Ohio, Tennessee |
| High-cost, 16 states | $663 | $480 to $1,250 | Florida, Texas, California |
Tier averages from Progressive. Your state's tier and rules
Questions people ask
Does Hagerty sell boat insurance?
Yes. Hagerty has worked in marine cover since Frank and Louise Hagerty started Hagerty Classic Marine Insurance in 1984. At first, their focus was on wooden boats.
What is the best marine insurance for an older boat?
It rests on your boat and its value to you. With a collectible boat, useful points to compare are whether an insurer pays agreed value, whether land transport is covered, and the rating of the company that would pay claims.
Compare Hagerty with
| Insurer | Policy issued by | How to buy | Payout after a loss | Towing on the water | Boats it names |
|---|---|---|---|---|---|
| Hagerty | Essentia or Markel American | Hagerty, which runs the policy | Pays full agreed value after a total loss | Emergency protection cover; ask about towing | Classic and collectible boats, newer boats to 26 ft, yachts |
 Markel | Markel American | Online, by phone or an agent | Agreed value; actual cash value available on yachts | Emergency towing offered | Boats to 26 ft; yacht policy for over 26 ft, houseboats |
 Chubb | ACE American (Chubb) | Independent agents | Total loss pays the full agreed amount with no deductible | Ask the agent when quoting | Boats to 35 ft and PWC; captained yachts |
 Foremost | Foremost | Local agents | Total loss replacement cost with Plus or Elite | Towing and assistance with Elite | Bass, fishing, sail, classic, cruiser and pontoon boats |
Ready for real numbers?
Tell us the boat, what it is worth and where you keep it.
This line reaches Boat Insurance Compare, not Hagerty.