Planning to purchase insurance for your watercraft? Before you do, make sure to check out these five ideas for reducing your boat insurance costs.
Ideas for Reducing Your Boat Insurance Costs
Lowering your boat insurance rates is easy with some planning and foresight, two qualities most boaters already have in spades. From multi-policy discounts to the importance of safety equipment, here are some money-saving strategies you should consider.
A diesel-powered craft may qualify you for a discount. Diesel engines are considered less hazardous than gasoline-powered engines because they are less likely to explode—hence the reduced rate.
Safety equipment is a smart investment, and for several reasons: first off, you can never be too careful when it comes to water safety. Also, having safety equipment such as coast guard-approved fire extinguishers and a ship-to-shore radio may help you qualify for a more convenient boat insurance rate.
Boating and water safety education courses are another smart way to lower your boat insurance premiums. This includes the courses offered by the Coast Guard Auxiliary, U.S. Power Squadrons, and the American Red Cross.
Ask for multi-policy discounts. If you already have an insurance policy in place (such as car or home insurance), the same carrier may be able to offer you a discount if you purchase your boat insurance policy from them.
Being responsible pays off. Insurance companies often offer discounts to responsible boaters who have no watercraft or vehicle violations on their record for the last three years (the period of time may vary depending on the insurance company).
Contact the Insurance Experts at Delgado’s Insurance
If you are looking for assistance with boat insurance, life insurance, or any other type of insurance policy, contact our experts at Delgado’s Insurance. Our mission is to help you make sense of your options so that you can get insurance tailored to your needs.
Our unique combination of insurance and tax expertise allows us to offer more informed and comprehensive advice than other insurance agencies.
We have locations in Riverside, California, and Bloomington, California. Contact us today by telephone (951-361-0084, 909-421-9003), email (mail@delgadosinsurance.com), or through our social media accounts (Facebook, Twitter) to get a free quote and learn more about our wide array of services.
