Illinois Boat Insurance

Get a complete analysis of Illinois 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 Illinois

With its proximity to Lake Michigan, Illinois is home to many recreational and professional boaters. If you own a boat, it's imperative to protect your vessel with a complete boat insurance policy. Without this coverage, you could end up having to pay for lawsuits and other possible disasters on your own.

Fortunately, an Illinois independent insurance agent can help you get equipped with all the boat insurance you need. They'll get you matched to the ideal policy for your unique vessel. First, though, here's a breakdown of Illinois boat insurance requirements and more.

Best Boat Insurance Companies in Illinois

Finding boat insurance in Illinois can be easy when you know where to look. That's why we've put together a list of some of the best boat insurance companies in Illinois for you. When you're ready to find quality boat insurance near you, check into these top-rated carriers first.

An independent insurance agent in Illinois can help you find high-quality boat insurance in your area by shopping and comparing quotes from many different carriers.

What Boat Insurance in Illinois Can Cover

You might select several types of coverage to complete your boat insurance policy. In Illinois, you'll often have the following list of coverages to choose from:

Your Illinois independent insurance agent can help you assemble a boat insurance policy that includes each type of protection you need most.

Is Boat Insurance Required in Illinois?

Though car insurance is required in most states, this isn't the case for boat insurance. Illinois doesn't require boat insurance by law, either. 

However, many boaters find they're required to carry coverage by their lenders if they finance their vessels. You might also be required to have boat insurance if you plan to dock your boat at a marina.

Without boat insurance, you might have to pay potentially hefty losses out of your own pocket that can arise from many different disasters. Collisions, lawsuits, theft, and vandalism are just a few threats that can cost you thousands of dollars or even more if you lack boat insurance. So, even if coverage isn't technically required in your state, you might still want to get it.

What Boat Insurance in Illinois Will Not Cover

Boat insurance comes with its own set of coverage exclusions, just like any other policy. In Illinois, boat insurance often won't cover the following:

Take some time to review the list of exclusions in your specific boat insurance policy to avoid the hassle of filing claims that are bound to get denied.

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Average Cost of Boat Insurance in Illinois

Boat insurance tends to be very affordable in Illinois. The average cost of boat insurance in Illinois is just $263 annually. However, the cost of your policy might vary based on the following factors:

An independent insurance agent in Illinois can shop and compare quotes to find you the most affordable boat insurance near you.

What Boat Insurance Discounts Are Available in Illinois?

Most boat insurance companies offer a number of discounts for boaters. You might qualify for any of the following boat insurance discounts in Illinois:

Your Illinois independent insurance agent can apply any discounts you qualify for to your boat insurance so you save the most money possible on your coverage.

Popular Questions about Illinois Boat Insurance

Is boat insurance required in Illinois?

The state of Illinois doesn't require boat insurance by law. However, various marinas require boat insurance before you can dock your vessel there.

How much does boat insurance cost in Illinois?

In Illinois, boat insurance costs an average of just $263 annually. However, boat insurance premiums can vary depending on the type of boat you have and other factors.

What is the best boat insurance company in Illinois?

We found that Travelers is the best boat insurance company in Illinois. Travelers earned our top pick thanks to its coverage options, discounts, customer service ratings, and more.

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

If you cause an accident while towing your boat, your personal boat insurance policy can pay for physical damage to your property and third-party property. It can also pay for medical expenses to yourself, your passengers, and third parties who were injured in the incident.

Do you need boat insurance in Illinois?

You don't need to have boat insurance by state law in Illinois. However, if you finance your boat, your lender will likely require you to have coverage.

What does boat insurance cover in Illinois?

Illinois boat insurance covers whatever you design your policy to cover. You might choose to buy coverage for physical damage related to collisions, protection against lawsuit costs, and many others.

Why work with an Illinois independent insurance agent when shopping for boat insurance?

Illinois 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 Chicago or wherever you reside.

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