How Much Is Bass Boat Insurance?

A bass boat can be a lot of fun, whether you want to use it primarily for fishing or also want to use it as an everyday cruiser or to tow water skiers or wakeboarders. Insurance is an important cost that must be factored in as you are considering the cost of bass boat ownership.

How much is bass boat insurance?

Bass boat insurance usually costs from around $250 to as much as $950 per year, depending on aspects like how much your boat is worth, its horsepower, how old it is, your boating record, and other factors.

Here’s what you need to know about how much you may expect to pay for insurance for your bass boat depending on various aspects of your boat and facts about you, as well as some tips about whether you really need bass boat insurance or not.

Average Bass Boat Insurance Coverage

Boat ValueHorsepowerAnnual Premium

What Affects the Cost of Bass Boat Insurance?


Do you want one of the super-fast bass boats that can exceed 60 miles an hour? Get ready to pay more to insure it. Boats with powerful motors that can go very quickly may be more likely to end up in serious accidents, which means they cost more to insure.


Not surprisingly, the more valuable your bass boat, the higher the cost of your insurance will be. The more that insurance needs to cover in case something happens to your boat, the more they want to charge you each month to make up for it. Since bass boats can cost well over $50,000, you can expect correspondingly high rates of insurance.

Boat Age

The older your boat, the less valuable it is, and the less it may cost to insure it. That said, some bass boats are known for great resale values and may maintain their value for longer than average. These boats may cost more to insure than boats that are not known to maintain their value for as long.

Your Record

Just as with driving, having a great record on the water can drive down your cost of insurance. After all, if you haven’t wrecked your boat, run aground, or had a serious problem so far, insurance companies may believe it is less likely that you will have a problem now. 

On the other hand, if you have very little experience with boating at all, insurance companies may not know how well you will pilot your boat, which may result in higher insurance costs. If you have a record for problems, you can expect to pay higher premiums for insurance.


How you intend to use your bass boat can affect how much it costs to insure it. If you use it solely for personal fishing, you can expect lower insurance costs than if you enter competitions where you will be more motivated to move rapidly between fishing spots. If you use your bass boat to pull wakeboarders or water skiers, you can expect higher premiums as well, since this kind of activity may come with increased risks.

Gender And Age

It may not be fair, but insurance companies tend to charge higher premiums to young men than they do to women or older men. The assumption is that young men may prefer to go faster and take more risks. 

While the sexism and ageism of this assumption is clear, there’s probably not much you can do to change the insurance company’s mind and get your rates lower aside from proving that you are safe on the water over time.

Credit Score

What does credit score have to do with safety on the water? According to insurance companies, people with better credit have fewer accidents. Whether or not this is a good way to determine insurance rates is certainly up for debate, but nevertheless, you will likely find that you get better insurance rates if your credit score is good.

How Much Is Bass Boat Insurance?

Do You Need Bass Boat Insurance?

If you want to drive a motor vehicle, you need to pay for insurance according to the law. However, this is not true of boats. Whether or not you get insurance for your bass boat is generally up to you. 

There are some occasions when you may need to get insurance see. For instance, if you will be chartering your boat or using it for financial gain. In some areas, boats with higher horsepower are required to get insurance.

You may also be required to get insurance if you are buying your bass boat with a loan from a bank. After all, the bank wants to be confident that their lone won’t sink with your boat if something should happen.

However, in the vast majority of instances, you get to choose whether to insure your bass boat or not. Therefore, you may find yourself wondering whether paying for insurance is really important for you, especially if you are being charged among the higher premiums.

There are a few good reasons for you to consider paying for insurance for your bass boat which are worth considering as you make up your mind: 

  • Bass boats can be expensive. If you have invested upwards of $50,000 into your bass boat, you may want to be assured that you won’t see that investment go up in smoke or sink down to the bottom of the lake. Of course, if you have invested significantly smaller amounts and would be able to replace your boat without insurance, you may decide not to bother with paying for it.
  • Weather may be a factor worth considering. If you are shopping for a bass boat on the coast where hurricanes are a significant threat, it may be more important for you to consider paying for bass boat insurance than otherwise. A serious storm can put your boat at risk whether it is at a dock or towed out on your property.
  • How you drive isn’t the only concern. Even if you consider yourself to be a very safe driver on the water, preferring a leisurely pace over breakneck speeds and always being careful to read the water and stay within channel markers, you can’t necessarily account for how other people drive. There is always the possibility that another boat will run into you or cause such a significant wake that it can tip you over. 
  • Your boat could be stolen. Unfortunately, it can be very easy for somebody to steal your boat, either by towing it away when it is trailered on your property, stealing it from your dock, or even taking a dinghy up to it and stealing it from where it may be resting on anchor while you enjoy some time on this shore. There are limits to what you can do to prevent someone from stealing your bass boat.

Liability Insurance Is A Good Idea

Regardless of whether you decide to get insurance to cover your boat, you should certainly get liability insurance. Liability insurance protects you in case you are found liable for an accident.

This may happen even if you are not really at fault. Generally, liability insurance is quite reasonable, generally only around $100 a year. This is well worth the cost to avoid legal fees for being sued in the case of an accident. 

What Does Bass Boat Insurance Cover

In order to decide whether bass boat insurance is a good investment for you, it is essential for you to understand exactly what it covers.


Any kind of accident, whether you run into another boat, run aground, or hit something like a buoy or dock, is covered by your insurance. Insurance will cover the damage whether you are at fault or not.

Property Damage

If you collide with somebody else’s property, whether it’s their boat, dock, or something else, insurance will cover it.

Bodily Injury

If anybody is injured as a result of your boating, whether you run into a boat or dock, hit somebody in the water, etc, their hospital expenses, lost wages, and any legal fees would be covered by insurance.


Anything that doesn’t include collisions, property damage, or bodily injury but is still covered under insurance is considered covered under the comprehensive category.

This includes somebody stealing your boat or damaging it and damage that may occur as a result of something other than a collision, such as storm damage.

What Doesn’t Insurance Cover?

In order to decide whether insurance is a good investment for your bass boat, you need to know exactly what won’t be covered by your insurance. Sometimes you may choose to get supplemental insurance to cover some of these areas, while at other times you will need to set aside savings for them.

  • Normal wear and tear to your motor. Your bass boat motor is one of the most expensive aspects of the boat, especially if you have a higher horsepower motor.
  • Equipment external to the boat. Bass boats typically carry lots of equipment like fishing tackle, an extra trolling motor, a fishfinder, an external bait well, etc.
  • Salvage, rescue, or clean up. If your boat is totaled and needs to be dragged off of somebody’s dock, a flat, etc, you’ll need to pay for it out-of-pocket.

Set Your Mind At Ease

Insurance can do a lot to set your mind at ease while you enjoy your bass boat, but it may not be necessary or a good option for everybody. Consider your premiums and your risk factors to decide whether bass boat insurance is a good investment for you. 

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