Owning a boat comes with a lot of fun and freedom. But it also comes with serious risks, like theft, collisions, and damage. That’s why having proper boat insurance is essential. But with so many providers to choose from, how do you know if USAA boat insurance is the right fit?
In this comprehensive guide, we’ll break down everything you need to know about USAA’s boat insurance offerings. You’ll learn about available coverages, costs, discounts, and more. We’ll even provide tips for finding the best boat policy for your needs and budget.
Overview of USAA Boat Insurance
USAA provides insurance exclusively for military members, veterans, and their families. This includes a range of boat insurance policies to protect all types of watercraft.
USAA boat insurance provides physical damage coverage in case your boat is damaged, stolen, or destroyed. Liability coverage protects you if you are sued for injury or property damage to others caused by your watercraft.
With a USAA boat policy you can insure boats including
- Fishing boats
- Sailboats
- Yachts
- Jet skis
- Canoes/kayaks
- Houseboats
USAA also offers boat towing coverage and on-water emergency assistance through their affiliate BoatUS.
USAA Boat Insurance Coverages
USAA boat insurance provides the following core coverages to safeguard your watercraft
Physical Damage Coverage
- Hull coverage: Pays to repair physical damage to the boat’s hull.
- Machinery/equipment coverage: Repairs damage to mechanical parts like the engine.
- Accessories coverage: Covers theft or damage to add-ons like electronics.
Liability Coverages
- Bodily injury liability: Covers injury claims from anyone hurt on or by your boat.
- Property damage liability: Pays for damage to others’ property caused by your boat.
Medical Payments
Pays medical bills for passengers injured on your watercraft.
Uninsured Boater Coverage
Protects you if an uninsured boater causes damage to your boat.
Trailer Coverage
Repairs or replaces your boat trailer if damaged or stolen.
Towing and Labor
Pays for towing to a repair shop and mechanical labor at the breakdown site.
How Much Does USAA Boat Insurance Cost?
The cost of USAA boat insurance depends on factors like:
- Type of boat
- Size, age, and value
- Engine type
- Where it’s stored
- Your location and boating experience
For example, insuring a $20,000 speedboat will cost more than a $5,000 fishing boat. And a houseboat policy will be pricier than a kayak policy.
However, sample USAA boat insurance costs range from:
- $100 to $350 per year for small boats like jet skis
- $200 to $1,500 for medium-sized fishing boats and pontoons
- $1,500 to $5,000+ for larger boats and yachts
Get a free USAA quote to see personalized rates based on your boat’s details and your background. This is the best way to estimate potential costs.
Discounts to Reduce Your USAA Boat Premium
USAA offers several discounts to help reduce your boat insurance costs:
- Multi-policy: Bundles your boat with other USAA insurance like auto or home.
- Loyalty: For each year you continuously insure your boat with USAA.
- Safety equipment: Installing fire extinguishers, bilge pumps, and other safety gear.
- Lay up: Seasonal discount for winterizing your boat for storage.
- Boating organization: If you complete a safe boating course.
- Anti-theft: For having an anti-theft system like a Vessel Monitoring System.
Ask your USAA agent for details on discounts you may qualify for when getting a boat quote.
What Do Customers Say in USAA Boat Insurance Reviews?
USAA earns positive reviews from most boat insurance customers:
- Claims process: Many praise the smooth, easy claims process with fast payouts.
- Bundling discounts: Customers report savings from bundling boat with other USAA policies.
- Customer service: Most reviews highlight helpful, knowledgeable support from USAA agents.
- Reasonable pricing: Many say USAA offers competitive pricing, especially with multi-policy discounts.
Among the few negative reviews, some report issues with getting claims approved and difficulty reaching adjusters after filing a claim. But overall, reviews indicate good experiences with USAA boat insurance.
Pros and Cons of USAA Boat Insurance
Pros
- Available only for military members, veterans, and families
- Wide range of discounts to lower premiums
- Bundling options with other USAA insurance products
- Highly rated customer service department
- Positive reputation for fast and fair claims handling
Potential Cons
- Limited eligibility requirements
- Claims issues reported by some customers
- No online quotes available, must call for personalized rate
Is USAA the Right Boat Insurer for You?
USAA boat insurance provides comprehensive coverage options focused on military families’ needs. With benefits like multi-policy discounts, highly rated service, and streamlined claims, they are a top choice for many boat owners.
However, eligibility is limited only to military members and their families. And you must call to get quotes. So shop around and compare pricing fromboat insurance companies like Progressive, Allstate and State Farm as well.
For military members, USAA boat insurance is definitely worth considering. Just weigh the pros and cons against other insurers to determine if they are the best fit.
Frequently Asked Questions about USAA Boat Insurance
Does USAA insure all types of boats?
Yes, USAA provides policies for all types of boats including fishing boats, speedboats, pontoons, houseboats, yachts, sailboats, and small watercraft like jet skis.
What discounts does USAA offer on boat insurance?
Discounts include multi-policy, loyalty, safety equipment, lay up, boating organization, and anti-theft discounts. Ask your agent for details on savings you qualify for.
Can I get a USAA boat insurance quote online?
Unfortunately, USAA does not provide online quotes for boat insurance. You need to call and speak with an agent to get a personalized boat insurance rate quote.
Does USAA insure antique and classic boats?
Yes, USAA can insure antique, classic, and custom boats. Make sure to get an agreed value policy to properly insure collectible boats.
What is the average cost of USAA boat insurance?
Average costs range from about $100-$350 for small boats and up to $1,500-$5,000+ for larger boats. But your exact premium is based on your boat type, size, location and other factors.
The Bottom Line on USAA Boat Insurance
Insuring your prized watercraft involves finding the right level of coverage at the best price. For military members and their families, USAA boat insurance provides flexible policies, excellent service, and competitive rates. Just be sure to compare quotes against other top boat insurers to potentially maximize savings.
Use this guide to understand USAA’s offerings and get answers to commonly asked questions. And don’t wait – make sure your boat is protected before heading out on the water this season. With the right insurance, you can navigate worry-free.
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