Has anyone else noticed sky rocketing insurance costs on boats. Every time we renew or change boats it seems to jump at an alarming rate. I suppose this has some to do with the price tags rapidly rising. I assume I have the lowest risk factor I can. 38, Married, kids, no tickets, no claims etc. Drivers safety classes, boat safety etc.
But I'm now at $650 a year for the new Tige with agreed value of 65K. Little higher than I paid but want to make sure i can replace it if something were ever to happen. Thats the value the insurance guy and me came to. He wanted to do it at MSRP but I said it wasn't needed and it would have been more. Old boat was only about $350/year so it was a shock!!
Are other people seeing higher rates over the last 5 years.