Maine Boat Insurance

Get a complete analysis of Maine boat insurance costs, coverages & companies.

Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.

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Find the Best Boat Insurance Rates & Companies in Maine

Boating is one of the most popular pastimes in Maine. With thousands of lakes and ponds, the state's residents enjoy many different boating activities. However, it's important to keep in mind that accidents can happen even to the most experienced boater, which is why having boat insurance is crucial.

Fortunately, a Maine independent insurance agent can help you find the right boat insurance. They'll get you matched to the ideal policy for your unique vessel. But first, here's a breakdown of boat insurance in Maine, including how much it costs and more.

Best Boat Insurance Companies in Maine

Knowing where to shop for the best boat insurance in Maine is a great place to start when you're ready to get coverage. Check out the coverage offered by our top picks for quality boat insurance in Maine below.

A Maine independent insurance agent can help you find affordable boat insurance from one of these carriers.

What Boat Insurance in Maine Can Cover

Boat insurance policies can be customized depending on your exact needs and preferences. However, you can expect to find the following coverage options from most carriers in Maine:

A Maine independent insurance agent can help you assemble a complete boat insurance policy with every type of coverage necessary.

Is Boat Insurance Required in Maine?

Boat insurance isn't required by law in Maine. However, you might be required to have boat insurance by your lender if you finance your boat. 

Further, certain marinas might require you to have coverage before you can dock your boat there. But regardless of whether coverage is required, you might still want to get a policy. Having boat insurance can mean the difference in being able to replace your vessel after a total loss caused by many possible disasters, including collisions and vandalism. 

What Boat Insurance in Maine Will Not Cover

In Maine, boat insurance comes with its own set of exclusions, similar to anywhere else. Don't expect your boat insurance to cover any of the following:

Take some time to review your boat insurance policy's specific coverage exclusions so you can avoid filing claims that are bound to get denied.

Average Cost of Boat Insurance in Maine

Boat insurance in Maine costs an average of $344 per year. However, many different factors can influence your boat insurance premiums, such as:

The more valuable your boat is and the more expensive it would be to repair or replace, the more you can typically expect its coverage to cost.

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What Boat Insurance Discounts Are Available in Maine?

Many boat insurance discounts are available in Maine. However, the specific discounts offered vary by carrier. Look for the following boat insurance discounts in Maine:

Your Maine independent insurance agent will help you find any boat insurance discounts you qualify for to help you earn the most savings possible.

Popular Questions about Maine Boat Insurance

Is boat insurance required in Maine?

Maine doesn't require boat insurance by law. However, you might be required to have boat insurance if you finance your boat or dock it at a marina.

How much does boat insurance cost in Maine?

In Maine, boat insurance costs an average of $344 per year. However, many factors, such as the make and model of your boat, can influence these costs.

What is the best boat insurance company in Maine?

We found that Peerless is the best boat insurance company in Maine. Peerless earned our top pick thanks to its rates, coverage options, and customer service.

If I get in an accident while towing my boat, who pays for the damage?

If you cause an accident while towing your boat, you can rely on your boat insurance policy to cover expenses related to third-party injuries or property damage. Your boat insurance can also pay for medical treatments for you and your passengers.

Do you need boat insurance in Maine?

You're not required by law to have boat insurance in Maine. You might need a policy, however, if you dock your boat at a marina or have financed your boat.

What does boat insurance cover in Maine?

In Maine, boat insurance covers whatever you select to go into your policy. You might choose to get a basic liability-only policy, or you may add extra coverage options for protection against losses related to collisions, vandalism, etc.

Why work with a Maine independent insurance agent when shopping for boat insurance?

Maine independent insurance agents can help you find the boat insurance you need from a top-rated local carrier. Independent insurance agents work hard to find quality coverage at the most affordable rate. They'll shop and compare boat insurance quotes from a number of different carriers for you. And down the road, they can help you file boat insurance claims or update your coverage as needed. 

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