Alaska Boat Insurance

Get a complete analysis of Alaska 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 Alaska

Whether you prefer a quiet weekend in your fishing boat on the Ninilchik River, towing water skiers behind your motorboat on Wasilla Lake, or cruising the Pacific in your yacht, you should get equipped with a boat insurance policy before you ever take your vessel out on the water. Boating collisions, lawsuits, vandalism, and other incidents can cost you hundreds or thousands of dollars if you're without coverage. Further, you may be required to have coverage in certain cases. 

An independent insurance agent in Alaska can help you find the right boat insurance policy. They'll get you matched to the appropriate amount of coverage for your unique watercraft. But first, here's a deep dive into requirements for boat insurance in Alaska and more.

Best Boat Insurance Companies in Alaska

Having top-quality boat insurance can make all the difference if you ever need to file a claim. That's why it's helpful to skip straight to the best boat insurance companies in Alaska when you're ready to compare coverage. Start by looking into the policies offered by these excellent carriers near you.

An Alaska independent insurance agent can provide you with quotes for boat insurance policies from all of these outstanding carriers and others in your area. Your agent can help you find the right commercial fishing boat insurance, passenger boat insurance, or whatever type of policy you're searching for.

What Boat Insurance in Alaska Can Cover

Boat insurance policies can be customized to include the specific types of protection you need most. But you can expect the following coverage options to be available from most boat insurance companies in Alaska:

An Alaska independent insurance agent can recommend the exact types of coverage you'd benefit from the most when building your boat insurance policy.

Is Boat Insurance Required in Alaska?

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

In any case, it can be a wise decision to get boat insurance to help you recover from potentially hefty losses related to disasters such as lawsuits, collisions, and more. If you own any of the following, you might want to consider getting boat insurance:

With a boat insurance policy, you can enjoy using your watercraft with the understanding that your coverage can help reimburse you for various hazards both on and off the water.

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

What Boat Insurance in Alaska Will Not Cover

Alaska boat insurance comes with a certain number of exclusions to be aware of. Though your specific policy's exclusions may vary, in general, you shouldn't expect boat insurance to cover any of the following:

Understanding the exclusions listed in your boat insurance can help you better prepare for the types of damage, etc., to your vessel that won't be covered by your policy.

Average Cost of Boat Insurance in Alaska

Rates for boat insurance in Alaska are a bit higher than the national average, at about $527 per year. However, the cost of your specific policy can vary based on any or all of the following:

Your specific boat insurance policy may be much cheaper or more expensive than the average rate in Alaska, depending on these and other factors. Your Alaska independent insurance agent can also help you compare rates for commercial fishing insurance or commercial fishing vessel insurance in your area.

What Boat Insurance Discounts Are Available in Alaska?

The boat insurance discounts offered can vary by the insurance company you go through. But in general, you can expect the following boat insurance discounts to be available from many carriers in Alaska: 

Your Alaska independent insurance agent can help find all the boat insurance discounts you qualify for to save you the most money possible on coverage.

Popular Questions about Alaska Boat Insurance

Is boat insurance required in Alaska?

Alaska doesn't require boaters to have insurance to register their watercraft. However, marinas or watercraft finance lenders may require coverage.

How much does boat insurance cost in Alaska?

In Alaska, boat insurance costs an average of $527 per year. Alaska's coverage rates are considerably higher than the current national average.

What is the best boat insurance company in Alaska?

We found that Foremost is the best boat insurance company in Alaska. Foremost's coverage options, rates, discounts, etc., make it a great choice for watercraft owners.

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 boat insurance policy can provide important protection, depending on the types of coverage you include in your policy. Your boat insurance can reimburse you for property damage to your own property and third-party property, as well as for medical treatments for third-party injuries or injuries to yourself and your passengers.

Do you need boat insurance in Alaska?

You don't technically need boat insurance by law in Alaska. But you might be required to have boat insurance if you dock your boat at a marina or if you finance your watercraft.

What does boat insurance cover in Alaska?

In Alaska, you can customize your boat insurance policy to meet your needs. You might choose to buy coverage for physical damage, liability, etc.

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

Alaska 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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