State Farm boat insurance
State Farm boat insurance is sold through local agents.
- Market guide, by state group
- $307 to $663Progressive's 2024 to 2025 averages for low-cost and high-cost states, not a State Farm price
- Policy issued by
- State Farm Fire and CasualtyHow to buy: State Farm agents
- Payout after a loss
- Total loss paid at agreed value; repairs at replacement cost
- On-water towing
- Emergency service covered
- Financial strength (A.M. Best)
- A+ (Superior)
From State Farm's own boat insurance pages (statefarm.com).
Your boat's yearly range across insurers, in three taps
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What kind of boat?
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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.
The one price it makes public applies to jet skis, which it says might cost somewhere between less than $100 and more than $500 annually. For all other boats, the number you pay is set by a quote.
State Farm boat insurance cost
The only public price range State Farm shares is for jet skis. That range sits at less than $100 to more than $500 annually. Nothing is published for pontoons, runabouts, sailboats, or bigger vessels, so asking for a quote is the only path to your actual cost.
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 State Farm 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
Getting a quote
Starting a quote online is as simple as typing in your ZIP code. You can also request that an agent reach out to you. Both choices appear on State Farm's boat page.
State Farm wants a safety course completion certificate from everyone who will operate the boat. Gathering these ahead of time is smart, since missing paperwork can slow your quote down.
Boats State Farm insures
The coverage stretches across many kinds of watercraft, from tiny paddle boats up to vessels you could live aboard:
- Canoes and kayaks
- Personal watercraft such as jet skis
- Bass boats
- Pontoons
- Runabouts
- Wake boats
- Sailboats
- Yachts and cabin cruisers
- Houseboats
What the policy covers
Your policy spells out which events it insures against. Those events include fire, theft, storms, sinking, collision, capsizing, explosion, and stranding. Stranding describes a boat that runs aground and becomes stuck.
How claims are paid
Repairs get paid on a replacement cost basis. In plain terms, the payout reflects what replacing the damaged parts would cost.
When a boat is a total loss, payment follows an agreed value basis. You and State Farm fix the boat's value at the start of the policy, which means the payout amount is known in advance.
Coverage options
On State Farm's coverage options page, two coverages focus on what comes after a problem:
- Wreck removal: helps cover the cost of raising or clearing a wreck when the law says you must, following a covered loss.
- Emergency service: helps cover certain emergency service bills tied to the boat, motor, or trailer.
Optional extras can be added as well. The insurance word for these is endorsements:
- Fishing tournament fee reimbursement: gives back entry fees you cannot recover after a covered loss.
- Uninsured or underinsured watercraft: covers your medical bills when someone with little or no insurance hits you.
- Boat rental liability: protects you while you are operating a rented boat.
- Boat rented to others: applies when you let other people rent your boat.
- Rental reimbursement
- Incidental commercial fishing
Our review of State Farm boat insurance
Three strengths stand out to us:
- Each policy includes a dedicated agent, giving you a single person to turn to.
- A total loss is settled at agreed value, while repairs are covered at replacement cost.
- Many boat types are eligible, with extras aimed at anglers and at people who rent boats.
The biggest weakness is that jet ski owners are the only ones who can see a price ahead of time.
As for financial strength, AM Best measures how able an insurer is to pay claims. On November 14, 2025, it cut State Farm's grade from A++ down to A+ (Superior). Even so, A+ still sits within the Superior tier.
Questions people often ask
Is towing covered by State Farm boat insurance?
Nowhere on State Farm's boat pages does the word towing appear. Emergency service coverage is what they list instead. Ask your agent which expenses qualify as emergency service under your coverage.
Who underwrites the policy?
On the boat page, the named companies are State Farm General Insurance Company and State Farm Fire and Casualty Company, each headquartered in Bloomington, Illinois. State Farm Florida is listed too for that state.
What would insurance cost for a $20,000 boat?
No prices are published based on a boat's value. Getting a quote is the only route to a number for a boat worth that much.
Compare State Farm with
| Insurer | Policy issued by | How to buy | Payout after a loss | Towing on the water | Boats it names |
|---|---|---|---|---|---|
| State Farm | State Farm Fire and Casualty | State Farm agents | Total loss paid at agreed value; repairs at replacement cost | Emergency service covered | Runabouts, cruisers, sailboats, pontoons, jet skis, houseboats |
 Allstate | Allstate | Online, by phone or a local agent | Agreed value available | Emergency services covered up to $100 | Motorboats, sailboats, pontoons and personal watercraft |
 Progressive | Progressive | Online or by phone | Partial losses paid at full replacement cost with comprehensive and collision | Sign & Glide on-water towing, optional | Up to 50 ft and $500,000; excludes houseboats, steel or wood hulls |
 Nationwide | Nationwide Mutual and affiliates | Agents or by phone | Ask the agent which basis applies | On-water towing and labor, optional | Boats worth up to $350,000; jet skis need a separate policy |
Ready for real numbers?
Tell us the boat, what it is worth and where you keep it.
This line reaches Boat Insurance Compare, not State Farm.