Do You Need Boat Insurance in Michigan?

Last Updated on October 16, 2022

Boat insurance is not required by law in Michigan, but it is highly recommended. There are many reasons to have boat insurance, even if you only use your boat for recreational purposes. If you are financing your boat, your lender will likely require you to have insurance.

Even if you own your boat outright, it makes sense to insure it against damage or theft.

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As a Michigander, you’re probably familiar with the state’s many lakes and rivers. And if you’re a boat owner, you’re probably wondering if you need to get boat insurance. The answer is yes, although the amount of coverage you need will depend on several factors, including the type of boat you have and how often you use it.

If your boat is financed, your lender will likely require that you have full coverage insurance. Even if your boat is paid off, though, it’s a good idea to insure it in case of an accident or other damage. Michigan law requires that all motorized boats be insured for at least $10,000 in property damage liability.

This coverage will pay for damages caused by your boat to another person’s property, such as their dock or another vessel. It does not cover any injuries or damages to your own boat or yourself. You may also want to consider purchasing personal liability insurance, which would cover any injuries caused by your boat to other people.

This is especially important if you frequently have passengers on board or plan on doing any boating in crowded areas. In addition to liability coverage, most insurers also offer protection for physical damage to your boat itself. This can include collision coverage (for damages caused by hitting another object), comprehensive coverage (for damages from things like fire or theft), and even medical payments coverage (in case someone on board gets injured).

Boat Insurance Michigan Cost

When it comes to owning a boat, one of the most important things to consider is insurance. After all, you want to make sure that your investment is protected in case of an accident or other unforeseen event. But what does boat insurance cost in Michigan?

The cost of boat insurance in Michigan will vary depending on a number of factors, including the type and size of your boat, your boating history, where you keep your boat, and more. However, you can expect to pay anywhere from $100 to $500 per year for a basic policy. Of course, the best way to get an accurate estimate of what your boat insurance will cost is to get a quote from a reputable insurer.

And be sure to shop around – different insurers will offer different rates based on their own criteria. At the end of the day, the best way to keep your boat insurance costs down is to practice safe boating habits. By following safety rules and regulations, you can help avoid accidents that could lead to claims on your policy.

And that means lower premiums for you!

Cheapest Boat Insurance

If you’re looking for the cheapest boat insurance, there are a few things you can do to help keep costs down. First, consider the type of boat you have and how often you’ll be using it. Insurance rates will vary based on these factors.

Second, get quotes from multiple insurers to compare rates. And finally, consider raising your deductible to lower your premium.

Small Boat Insurance

Small boats are a big investment. And like any investment, you want to protect it. That’s where small boat insurance comes in.

Just like your car or your home, insurance provides financial protection in the event of an accident, theft, or other unforeseen event. It can help pay for repairs or replacement, and can give you peace of mind knowing that your boat is covered. There are a few things to consider when choosing small boat insurance.

First, what type of coverage do you need? There are three main types of coverage: liability, collision, and comprehensive. Liability covers damage that you may cause to another person or their property while operating your boat.

Collision covers damage to your own boat caused by an accident with another vessel or object. Comprehensive covers everything else, including weather damage, fire, theft, and more. Next, how much coverage do you need?

This will depend on the value of your boat and what you can afford to pay out-of-pocket if something happens to it. Keep in mind that the cost of repairs or replacement can quickly add up, so it’s important to have enough coverage to protect yourself financially. Finally, make sure you shop around for the best rate.

Insurance companies use different criteria to determine premiums, so it pays to compare quotes from several different companies before making a decision.

How to Get Boat Insurance

If you’re a boat owner, you know that insurance is a must. Not only is it required by law in some states, but it also protects your investment and gives you peace of mind while you’re out on the water. So how do you go about getting boat insurance?

Here are a few tips: 1. Determine what type of coverage you need. There are two main types of boat insurance: liability and physical damage.

Liability covers damages that you may be held responsible for, such as if your boat hits another vessel or someone is injured while onboard. Physical damage coverage protects your boat in the event of an accident, fire, theft, or other covered incident. 2. Shop around and compare rates from different insurers.

Just like with any other type of insurance, it pays to shop around and compare rates from different companies before choosing a policy. Be sure to get quotes for both liability and physical damage coverage so that you can make an apples-to-apples comparison. 3. Read the fine print carefully before buying a policy.

It’s important to understand exactly what is and isn’t covered by your policy so that there are no surprises down the road if you need to make a claim.

Progressive Boat Insurance

If you’re a boat owner, you know that finding the right insurance policy is important. You want to make sure you have enough coverage in case of an accident, but you also don’t want to pay more than necessary. That’s where Progressive Boat Insurance comes in.

Progressive Boat Insurance offers a variety of coverage options so you can tailor your policy to your needs. They offer both liability and physical damage coverage, as well as optional coverages like medical payments and roadside assistance. And if you have multiple boats, they offer discounts for insuring them all with Progressive.

Best of all, Progressive Boat Insurance is affordable – often much more so than other boat insurance companies. So if you’re looking for comprehensive coverage at a great price, Progressive should be at the top of your list.

What is Required to Have on a Boat in Michigan?

If you’re boating in Michigan, there are a few things you’ll need to have on board. First, every boat must have a registration decal displayed on the hull. You’ll also need a fire extinguisher and whistle or horn – these are required by law.

It’s also a good idea to have some sort of emergency flare system on board, in case you need to signal for help. And of course, you’ll need life jackets for everyone on board – children under the age of six must wear them at all times when the boat is underway.

What Happens If You Dont Have Boat Insurance?

If you don’t have boat insurance, you could be held financially responsible for any damage your boat causes, even if it’s not your fault. You could also be sued for damages if someone is injured while on your boat. Boat insurance can help protect you from financial ruin in these situations.

Do You Need Insurance for a Small Boat?

No, you don’t need insurance for a small boat. In most states, insurance is not required for boats that are less than 16 feet long and have no motor. However, even if your state doesn’t require it, there are many good reasons to get insurance for your small boat.

The main reason to get insurance for your small boat is to protect yourself financially in case of an accident. If you cause damage to another person’s property with your boat, or if someone is injured while on your boat, you could be held liable. Boat insurance would help cover the cost of any damages or injuries that occur.

Another reason to insure your small boat is for peace of mind. Knowing that you’re covered can help you relax and enjoy your time on the water. And if something does happen, you’ll have the support of a team of experts who can help you through the claims process.

If you’re considering buying a small boat, be sure to talk to an agent about whether insuring it makes sense for you.

Do All Boats Have to Be Registered in Michigan?

No, not all boats have to be registered in Michigan. Only motorized boats and sailboats over 12 feet long need to be registered. Boats that are used only on private property don’t need to be registered.


If you’re a Michigan resident and you own a boat, you may be wondering if you need to get boat insurance. The answer is yes, you are required by law to have insurance if your vessel is registered in Michigan. There are different types of coverage available, so make sure to do your research to find the right policy for your needs.