Scarab Insurance Rates: What do you pay?

[PapaBear]

Woahhhhh....wtf that is crazy. Where are you?
I just went to check to make sure I want giving you bad info but I was wrong I pay just under 600$ for the year. Full coverage. That's on a 2015 195 HOI.

 

[Elio195HOI]

Here's my current policy with progressive, Does anything look crazy? I didn't have the slightest clue about boat insurance when I originally purchased this policy.

BODILY INJURY & PROPERTY DAMAGE LIABILITY $117.00
$100,000 COMBINED SINGLE LIMIT
UNINSURED BOATERS $46.00
$100,000 COMBINED SINGLE LIMIT
MED PAY/WATERSKIER'S MED PAY $5,000 EACH PERSON $17.00
COMP $750 DED TOTAL LOSS REPLACE/PURCHASE PRICE $1,125.00
PURCHASE PRICE $36,000
NAMED STORM DEDUCTIBLE $ 2,000
COLL $750 DED TOTAL LOSS REPLACE/PURCHASE PRICE $102.00
PURCHASE PRICE $36,000
DISAPPEARING DEDUCTIBLE INCL
WRECKAGE REMOVAL INCL
MARINE ELECTRONICS DED $500 INCL
TRAILER DED $250 INCL
FUEL SPILL LIABILITY INCL
$1,000 REPLACEMENT COST PE $250 DED $7.00
SIGN & GLIDE(R) $50.00
COASTAL NAVIGATION 75 NAUTICAL MILES INCL
ROADSIDE ASSISTANCE INCL
Premium by Watercraft $1,464.00
Total Policy Premium $1,464.00

 

[Elio195HOI]

Woahhhhh....wtf that is crazy. Where are you?
I just went to check to make sure I want giving you bad info but I was wrong I pay just under 600$ for the year. Full coverage. That's on a 2015 195 HOI.

Ft. Lauderdale, Florida.

 

[PogoFX]

I have progressive and I compared our policies. The big one I see is that my comprehensive for an agreed value of $50,000 is only $434 vs what you are paying $1,125 for an agreed value of $36,000. My Collision is $112 vs $102 for you, but I have a 0$ deductible vs $750 for you. Your comprehensive seems way high. I do have the following discounts but don't know how they affect the individual prices on each item: Home Owner, USAA Member Discount, Transfer, Prompt Payment and Claim Free Renewal, Responsible Driver and Safety Course, Original Owner. - Navarre, FL

 

[Ronnie]

I'm in CA and pay $400 per year for full coverage on my boat through Boat U.S. Someone here recently stated that they had good luck with Geico. Maybe the type (make and model) of the boat is causing the rate to fluctuate. If your current insurer will quote you for a similar Yamaha it may be worth the phone call to find out.

 

[Elio195HOI]

I have progressive and I compared our policies. The big one I see is that my comprehensive for an agreed value of $50,000 is only $434 vs what you are paying $1,125 for an agreed value of $36,000. My Collision is $112 vs $102 for you, but I have a 0$ deductible vs $750 for you. Your comprehensive seems way high. I do have the following discounts but don't know how they affect the individual prices on each item: Home Owner, USAA Member Discount, Transfer, Prompt Payment and Claim Free Renewal, Responsible Driver and Safety Course, Original Owner. - Navarre, FL

Thanks for the info, I really appreciate it. I have discounts for home owner, prompt payment and Claim Free Renewal. I need to see why they didn't add my safety course.

 

[Elio195HOI]

So Called my broker and had a discussion about my Rates. She advised that Broward County has one of the highest claim rates in the US and that's greatly affecting my policy rates.

 

[Speed_Freak_039A]

Looks like my 165 will be around $230 a year depending on options.

 

[Feeshy1]

2016 195 HO Impulse just got it and mine is $360/year

 

[Elio195HOI]

2016 195 HO Impulse just got it and mine is $360/year

If you don't mind, What kind of coverage do you have?

 

[Feeshy1]

If you don't mind, What kind of coverage do you have?

It's full coverage man that's all I can tell you

 

[Pirana]

bringing this post up....I just did my insurance and it is $556/yr in TX for the 255 with CHUB. It was done thru the dealership as a new purchase...I have no clue on boat insurance.

 

[Ron@Scarab]

Good Morning All- Being pretty new to boats, I was searching around to see what others are paying for insurance on their boats. I have a separate Policy for my 2014 195HOI and am paying $120 a month, a drop from the $145 I was paying last year. Does this sound reasonable or do I need to dump Progressive?

WAY to much ELIO!!! Check around!

 

[ScarabMike]

ski safe. 500 deductable. $289 a year. Jacksonville FL.

 

[Elio195HOI]

Holy Crap, They are giving it to me with no lube. I'm going to start checking around again. Thanks for the updates. Mine did drop, but I'm still paying around $90 a month.