New Jersey Boat Insurance

Get a complete analysis of New Jersey 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 New Jersey

New Jersey has more than its share of boating opportunities. Whether fishing in the Atlantic Ocean or floating a canoe along the Delaware River, you can protect your vessel with a New Jersey boat insurance policy. No matter what kind of watercraft you own, you run the risk of collision, fire, theft, and litigation, but boat insurance can help reimburse you for these expenses and those related to other disasters.

Fortunately, a New Jersey independent insurance agent can help you get set up with the right boat insurance. They'll make sure your specific vessel is protected by the ideal policy. But first, here's a closer look at New Jersey boat insurance requirements and more.

Best Boat Insurance Companies in New Jersey

Boat insurance is available from many different carriers. But when you want to find the best boat insurance companies in New Jersey, you can start by checking out our list of recommendations. Begin your coverage journey by comparing policies from these outstanding carriers.

An independent insurance agent in New Jersey can shop and compare policies and quotes from these top-rated boat insurance carriers and others in your area.

What Boat Insurance in New Jersey Can Cover

A boat insurance policy is usually made up of several types of coverage. In New Jersey, you should be able to choose from the following boat insurance coverage options:

Your New Jersey independent insurance agent can help you assemble your boat insurance policy in a way that makes the most sense for your unique preferences and needs.

Is Boat Insurance Required in New Jersey?

Though car insurance is often required in most states, boat insurance is different. Like many other states, New Jersey doesn't mandate boat insurance by law. However, you might need to have a policy if you plan to dock your boat at a marina in New Jersey, or your lender might require you to carry boat insurance if you've financed your boat.

Having boat insurance can provide important reimbursement for numerous disasters, such as collisions, vandalism, lawsuits, and more. Without boat insurance, you could have to absorb these costs on your own. That's why many boaters still opt to get a policy, even if it's not technically required. 

What Boat Insurance in New Jersey Will Not Cover

New Jersey boat insurance isn't designed to cover just anything. Like any other type of coverage, boat insurance comes with its own set of exclusions, like:

Make sure to review your boat insurance policy's specific list of exclusions to ensure that you know exactly what is covered and what isn't.

Average Cost of Boat Insurance in New Jersey

The average cost of boat insurance in New Jersey is around $527 per year. Keep in mind, though, that the cost of boat insurance can vary based on the following:

An independent insurance agent in New Jersey can help you find the most affordable boat insurance available near you.

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Our independent agents shop around to find you the best coverage.

What Boat Insurance Discounts Are Available in New Jersey?

New Jersey offers a ton of different boat insurance discounts from various insurers. Though the specific discounts offered vary by carrier, you can often expect to find the following:

A New Jersey independent insurance agent can apply any discounts you earn to your policy for you to help you save the most money possible on your boat insurance premiums.

Popular Questions about New Jersey Boat Insurance

Is boat insurance required in New Jersey?

New Jersey doesn't require boat insurance by state law. Many marinas in the state require boaters to have these policies, however.

How much does boat insurance cost in New Jersey?

In New Jersey, boat insurance costs an average of $527 annually. The cost of boat insurance can be influenced by various factors, however, including the coverages selected in each policy.

What is the best boat insurance company in New Jersey?

We found that Progressive is the best boat insurance company in New Jersey. Progressive offers competitive rates, excellent coverage options, and numerous discounts, which earned them our top recommendation.

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

Your boat insurance can reimburse you for a number of expenses if you cause an accident while towing your vessel. It can also pay for damage to your own property and third-party property, as well as injuries to yourself, your passengers, and third parties.

Do you need boat insurance in New Jersey?

Boat insurance isn't technically required in New Jersey by law. However, you might need to get boat insurance if you finance your boat because many lenders require applicants to have coverage.

What does boat insurance cover in New Jersey?

In New Jersey, boat insurance can be customized to meet each boater's needs. You can build a policy that includes liability protection, collision coverage, comprehensive coverage, and other important types of protection.

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

New Jersey 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. Your agent can help you find boat insurance in Newark or wherever you reside.

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