How Boat Insurance Compares to Car Insurance

It should come as no surprise that boat insurance is similar to car insurance in quite a few ways. After all, just like you do with cars, you drive, park, and store boats, and boats can also get damaged by the elements or even stolen. 

However, because boats and cars also have fundamental differences, there also happen to be differences between boat insurance and car insurance. Ransom & Associates Insurance Agency in Winder, GA provides this guide in navigating the two types of coverage. 

How Boat Insurance Compares to Car Insurance


  1. Policies vary from company to company. That means there can be differences in pricing as well as policy options. However, the main types of boat coverage you can expect to find include physical damage coverage and property damage liability. 
  2. You can opt for optional coverage. While optional coverage options for cars include collision, comprehensive, and glass coverage, options for boats include uninsured/underinsured boater and medical payments coverage. 


  1. Boat insurance isn’t mandatory. But even though you aren’t required to insure your boat, you’re strongly encouraged to do so. What makes having coverage even more important is the possibility that someone else’s uninsured boat will damage your boat. And not having boat insurance doesn’t mean you don’t have any legal responsibility. So liability coverage is always a wise choice for boat owners. 
  2. You can purchase boat insurance at an agreed value. Unlike auto insurance companies, boat insurers provide “agreed value” coverage options that allow you to insure your boat at a predetermined amount. With boat coverage, if you experience a loss, you’ll be paid that exact amount no matter how much the boat has been damaged. 

Contact Us Today

If you’re in the Winder, GA area and are looking for competitive boat/watercraft insurance rates, look no further than Ransom & Associates Insurance Agency. To get started, contact one of our trusted associates and we’ll get in touch with you about all the options we have available.