Travelers boat insurance
Travelers boat insurance protects everything from pontoons and jet skis to center console fishing boats, classic and antique craft, sailboats, and yachts.
- Market guide, by state group
- $307 to $663Progressive's 2024 to 2025 averages for low-cost and high-cost states, not a Travelers price
- Policy issued by
- Travelers Indemnity and affiliatesHow to buy: online, by phone or an independent agent
- Payout after a loss
- Choice of agreed value or actual cash value
- On-water towing
- TravAssist on-water towing, optional
- Financial strength (A.M. Best)
- A++
From Travelers's own boat insurance pages (travelers.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.
You won't find one set price from Travelers, since what you pay comes from a quote based on your specific boat. Two details shape that quote first: the length of your boat and the state where you keep it. Boats kept in Alaska, Florida, Hawaii, or Louisiana cannot get a quote from Travelers.
Watercraft that Travelers covers
On its site, Travelers lists these watercraft types:
- Pontoons
- Jet skis and other personal watercraft
- Fishing boats with a center console
- Classic and antique craft
- Sailboats
- Yachts
The boat's location counts just as much as what kind it is. Boats kept in Alaska, Florida, Hawaii, or Louisiana can't get a quote from Travelers.
Travelers yacht insurance
Travelers treats a watercraft of 27 feet or longer as a yacht; anything shorter counts as a boat. That length matters since it affects how you get your quote and what the policy includes. You can't get a yacht quote on the website. A yacht quote is handled by an independent agent, meaning an agent who sells policies from several different insurers rather than just one.
With a yacht policy, a dinghy or tender is automatically included if it's up to 16 feet long and has a motor of 50 horsepower or less. The tender is that small boat you use to go between your yacht and the shore.
There's also a lay-up discount from Travelers for the months your yacht sits in storage.
| Boat | Yacht | |
|---|---|---|
| Vessel length | Less than 27 feet | 27 feet and up |
| Ways to get a quote | On the website, with a Travelers rep, or via an independent agent | Only through an independent agent |
| Small dinghy or tender | Not stated | Included up to 16 feet and 50 horsepower |
| Storage lay-up discount | Not stated | Offered |
Base policy coverage
Here's what comes with the base policy:
- Uninsured and underinsured boater protection, which steps in when the person who hits your boat carries little or no insurance of their own
- Coverage for personal belongings
- Medical payment coverage
- Reimbursement for towing costs
- Liability protection for fuel spills
With hurricane haul-out, Travelers splits the expense of relocating your boat if a watch or warning for a tropical storm or hurricane falls within 50 miles.
Optional on-Water towing
TravAssist Boatside Premier is an add-on that gives you on-water towing and assistance. You pick it as an extra, and it's different from the towing reimbursement the standard policy already has.
How your boat is valued: agreed or actual cash value
If you qualify, you decide how your boat gets valued. Agreed value means you and Travelers fix the boat's worth at the start of the policy. Actual cash value means any payout matches what the boat is worth when the loss happens, once age and wear are factored in.
Discounts Travelers offers
- Quoting early
- Paying in full (not offered in California)
- Staying loss-free
- Insuring more than one vessel
- Boating education
- Bundling policies
- Lay-up for yachts
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 Travelers 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
The company behind the policy
The Travelers Indemnity Company, together with its property casualty affiliates, underwrites Travelers boat insurance, along with TravCo Insurance Company in Texas. To underwrite is to take on the risk and pay out claims.
Travelers says the Travelers Reinsurance Pool, which The Travelers Indemnity Company leads, holds an A++ rating for financial strength from A.M. Best.
Common questions
Does Travelers offer boat insurance?
It does. Travelers offers boat and yacht insurance, and if you carry other Travelers policies, that can earn you a discount for bundling.
What does a $20,000 boat cost to insure?
Travelers publishes no price for this. What you'd pay rests on a quote for your boat and which state it's kept in.
Does Travelers handle boat insurance claims?
According to Travelers, its marine claim specialists can be reached around the clock, every day of the year.
Is Travelers boat insurance worth it?
We can note the A++ rating for financial strength from A.M. Best that Travelers reports. There's no review or customer score we can share.
Does Travelers cover mechanical breakdown?
Mechanical breakdown doesn't appear on the base policy list Travelers provides. When you request your quote, ask to see the policy wording.
Compare Travelers with
| Insurer | Policy issued by | How to buy | Payout after a loss | Towing on the water | Boats it names |
|---|---|---|---|---|---|
| Travelers | Travelers Indemnity and affiliates | Online, by phone or an independent agent | Choice of agreed value or actual cash value | TravAssist on-water towing, optional | Pontoons up to yachts; no quotes in Alaska, Florida, Hawaii or Louisiana |
 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 |
 Liberty Mutual | Liberty Mutual | By phone or 20,000+ independent agencies | Agreed value named as an option in its guide | On-water towing offered | Jet skis, pontoons, fishing, power and sail boats |
 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 |
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Tell us the boat, what it is worth and where you keep it.
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