Oregon Boat Insurance

Find the Best Boat Insurance Rates & Companies in Oregon 

From the Pacific Ocean on the west coast to the desert rivers and lakes on the east side of the state, Oregon's waterways range from tranquil to dangerous. Whether you use a kayak or yacht, boat insurance is a must to provide critical reimbursement for expenses related to collisions and other disasters. Without boat insurance, you could end up having to pay hefty costs out of your own pocket and be unable to repair your watercraft.

Luckily, an Oregon independent insurance agent can help you get set up with all the boat insurance you need. They'll get you matched to the right policy for your specific vessel. For starters, though, here's a closer look at Oregon boat insurance requirements and more.

Best Boat Insurance Companies in Oregon

Knowing which carriers in Oregon offer top-notch boat insurance can help you cut down some serious time when shopping for coverage. That's why we've included a few of our top picks for the best boat insurance carriers in Oregon for you. Start by looking into the policies offered by these outstanding insurers.

1. Travelers: This carrier offers boat insurance and several other types of personal and business insurance. Travelers has excellent AM Best and Better Business Bureau (BBB) ratings and offers several discounts.
2. Foremost: This carrier offers boat insurance and many other types of personal insurance products. Foremost has great AM Best and BBB ratings and provides 24/7 claims reporting services.
3. Progressive: This carrier offers boat insurance and many other types of personal and business insurance. Progressive has an excellent AM Best rating and provides year-round, 24/7/365 customer service.

An Oregon independent insurance agent can shop and compare policies and rates from these top-rated carriers and others that offer boat insurance in your town.

What Boat Insurance in Oregon Can Cover

Your boat insurance policy's coverage depends on what you select to go into it. In Oregon, you can typically choose from the following: 

• Boating liability insurance: This covers the cost of third-party bodily injury or property damage claims, including attorney, court, and settlement expenses.
• Comprehensive insurance: Pays for damage to your boat due to a non-collision event such as a flood or theft. 
• Personal effects insurance: This covers expenses related to the theft, damage, loss, or destruction of personal items like scuba gear, fishing gear, and water skis.
• Fuel spill/wreckage cleanup insurance: This covers expenses related to the clean-up of boat wreckage and pollutants from the water if you're responsible for a collision.
• Collision insurance: Pays for damage to your boat from a collision with another object, regardless of fault.
• Towing insurance: This covers towing expenses if your boat becomes disabled on the water due to issues like engine or steering failure. 
• Equipment insurance: This covers expenses related to the loss, damage, theft, etc., of any equipment or accessories not originally installed by the manufacturer, such as GPS units, boat hoists, and more.
• Uninsured/underinsured boater insurance: This covers the costs of property damage and medical expenses if you're involved in a boating accident with a boater who doesn't carry adequate coverage of their own.
• Medical payments insurance: This covers medical expenses for you or your passengers after a boating accident, regardless of fault.

An Oregon independent insurance agent can help you build your boat insurance policy according to your personal needs as related to the use of your watercraft.

Is Boat Insurance Required in Oregon?

Oregon doesn't require boat insurance by state law. However, buying a policy can still be wise for many reasons. The cost of repairing or replacing your boat after a collision can be quite expensive if you have to pay out of your own pocket. Vandalism, theft, and lawsuits are other real threats you must be aware of.

Further, many boaters are required to have boat insurance at any marinas they wish to dock at. If you finance your boat, you might also be required to have insurance from your lender. So, even if boat insurance isn't mandatory by state law, it might still be required for you.

What Boat Insurance in Oregon Will Not Cover

Expect your boat insurance policy to come with a few coverage exclusions. In Oregon, boat insurance typically won't cover the following:

• Wear and tear damage
• Faulty or defective machinery damage (without the proper endorsement)
• Malicious or intentional acts to third parties or their property
• Damage caused by insects, animals, or marine life
• Damage to boat trailers
• Mold damage

Knowing what your boat insurance policy won't cover can help you save time and avoid the frustration that can come from filing claims that will ultimately get denied.

Average Cost of Boat Insurance in Oregon

In Oregon, boat insurance costs an average of $344 annually. However, the cost of boat insurance can vary based on these factors and more:

• The size, make, model, and length of your boat
• How much coverage you need
• The policy's deductible
• Your past claims and driving history
• How often you use your boat
• Where you store your boat

Depending on whether these criteria apply to you, your boat insurance policy might be much cheaper or quite a bit more expensive.

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What Boat Insurance Discounts Are Available in Oregon?

Boat insurance tends to have many discount options. Most boat insurance companies in Oregon offer the following discounts:

• Lay-up discounts: If you only use your boat during summer, you might qualify for additional discounts.
• Loyalty discounts: Continuing your coverage with the same boat insurance carrier for a set number of years can earn you a discount over time.
• Bundling discounts: Bundling boat insurance with home insurance, auto insurance, or another type of coverage through the same carrier can often earn you a discount on each policy.
• Affiliation discounts: An affiliation with various alma maters, companies, and organizations might earn you a boat insurance discount.
• Boater safety course discounts: Completing a state-approved boater safety course can often earn you a boat insurance discount.
• Security discounts: If you protect your watercraft against theft, vandalism, etc., with security devices, your carrier might award you a discount.

An Oregon independent insurance agent can apply any boat insurance discounts you qualify for to your policy for you. They'll help you save the most money possible on your coverage.

Popular Questions about Oregon Boat Insurance