Is Boat Insurance Required in Michigan?

Last Updated on October 16, 2022

Boat insurance is not required in Michigan, but there are several reasons why you should consider it. For one, if you have a loan on your boat, your lender will likely require you to have insurance. Additionally, even if you don’t have a loan on your boat, insurance can protect you from financial losses if your boat is damaged or stolen.

Michigan Boating Laws: Liability, Insurance, & More | WLNS Legal Edge

If you’re a Michigan resident and you own a boat, you’re required to have insurance. Boat insurance protects you financially if your boat is damaged or destroyed in an accident. It also covers you if someone is injured while on your boat.

There are different types of boat insurance, so it’s important to understand what coverage you need. Basic coverage usually includes protection for your hull, engine, and personal belongings on board the vessel. You can also purchase additional coverage for things like towing and salvage costs, as well as medical payments for yourself and your passengers.

Get quotes from several different insurers before purchasing a policy, as rates can vary significantly. Make sure to read the fine print so that you understand exactly what’s covered before making a purchase.

Boat Insurance Michigan Cost

Boat insurance in Michigan costs an average of $600 per year. However, this cost can vary depending on the type and size of your boat, as well as the coverage you choose. For example, if you have a larger or more expensive boat, you may pay more for insurance.

And if you opt for additional coverage beyond the state-required minimums, your premium will be higher. No matter what kind of boat you have or how much it’s worth, it’s important to have adequate insurance coverage. A boating accident can cause serious injuries and property damage, so it’s important to be protected financially in case something goes wrong.

If you’re looking for boat insurance in Michigan, there are a few things to keep in mind. First, make sure you compare rates from multiple insurers before buying a policy. Second, consider adding extra coverage beyond the state-required minimums – doing so could give you peace of mind on the water knowing that you’re fully protected financially if something goes wrong.

Small Boat Insurance

Most people don’t think about insurance when they’re buying a small boat. But it’s important to have the right coverage in place in case of an accident or other unforeseen event. Here’s what you need to know about small boat insurance.

There are two main types of small boat insurance: liability and physical damage. Liability coverage protects you if you’re sued for damages after an accident. Physical damage coverage pays to repair or replace your boat if it’s damaged in an accident, fire, or theft.

You can usually get both types of coverage through the same insurer. The amount of coverage you need will depend on the value of your boat and how much risk you’re comfortable with. Make sure to get quotes from several insurers before making a decision.

Once you have insurance in place, be sure to keep your policy up to date by reporting any changes in your boat’s value or usage. And remember, even the safest boaters can end up having accidents. So always practice safe boating habits and obey all boating laws to help prevent accidents from happening in the first place.

How to Get Boat Insurance

If you’re a boat owner, you know that having insurance is a must. But what exactly does boat insurance cover? And how do you go about getting it?

Here’s everything you need to know about boat insurance, from what it covers to how to get it. What Does Boat Insurance Cover? Boat insurance typically covers three things: your boat, your liability, and medical payments.

Your boat is covered in the event of damage or theft. This includes damage from weather events, collisions, and fires. Your policy will likely have a deductible that you’ll have to pay out of pocket before your coverage kicks in.

Liability coverage protects you if you’re sued for damages or injuries that occur as a result of your ownership or operation of the vessel. This can include property damage, personal injury, and even pollution cleanup costs. Again, there will likely be a deductible associated with this coverage.

Medical payments coverage helps pay for medical expenses incurred by passengers on your boat as a result of an accident.

Cheapest Boat Insurance

There’s no such thing as cheap boat insurance. But there are a few things you can do to keep your costs down. Here are a few tips:

1. Shop around – Just like with any other type of insurance, it pays to shop around for boat insurance. Get quotes from a few different companies and compare coverages and prices. 2. Consider raising your deductible – A higher deductible will lower your premium, but make sure you can afford to pay the deductible if you have a claim.

3. Choose the right coverage – Make sure you understand what your policy covers and doesn’t cover. You may be able to save money by eliminating unnecessary coverage or opting for a higher deductible on certain types of coverage. 4. Keep your boat in good shape – A well-maintained boat is less likely to have an accident or need repairs, which means lower insurance rates.

Homemade Boat Insurance

When it comes to insuring your homemade boat, there are a few things you need to know. First, your homeowner’s insurance policy will not cover your boat. You will need to purchase a separate policy for your boat.

There are two main types of boat insurance: hull insurance and liability insurance. Hull insurance covers the physical structure of your boat. This includes the hull, engine, and any attached equipment.

If your boat is damaged or destroyed, hull insurance will pay to repair or replace it. Liability insurance covers any damage or injuries that you or your boat may cause to other people or property. This is important coverage to have in case of an accident.

There are a few different options when it comes to buying boat insurance. You can purchase a policy from an insurance company, through a boating club, or from the government (if you live in Canada). There are also some companies that specialize in insuring homemade boats.

Whichever option you choose, make sure you shop around and compare rates before purchasing a policy.

What is Required to Have on a Boat in Michigan?

There are a few things that are required to have on a boat in Michigan. First, every vessel must have at least one wearable personal flotation device (PFD) for each person on board. The PFDs must be of the proper size for the intended wearer, be in good and serviceable condition, and be readily accessible.

Second, every vessel must have a sound signaling device. This can be either a whistle or horn, and must be capable of being heard for at least one mile. Third, every vessel must have some form of fire extinguisher on board.

The type and size of fire extinguisher required depends on the size and type of vessel; consult Michigan’s Boating Regulations for specific requirements. Fourth, vessels operating after dark must display navigation lights. These lights include a white light at the stern (rear) of the vessel, a green light on the starboard (right) side, and a red light on the port (left) side.

In addition, vessels less than 39 feet long may optionally display an all-around white light at night instead of the side-mounted green and red lights. Lastly, it is highly recommended but not required that boats carry some form of communication device such as a marine radio or cellphone in case of emergency.

Is It a Legal Requirement to Have Boat Insurance?

No, it is not a legal requirement to have boat insurance in the United States. There are some states that require you to have liability insurance if you want to register your boat, but this does not mean that all boats must be insured. Many people choose to forego insurance for their boats because it can be expensive and may not be worth the cost depending on the value of the boat.

What Happens If You Dont Have Boat Insurance?

Without boat insurance, you are putting yourself and your boat at risk. If you are in an accident or your boat is damaged, you will be responsible for the repairs and replacement costs. This can be expensive, especially if your boat is new or high-value.

In addition, if someone is injured while on your boat, you could be sued for their medical expenses and other damages. Boat insurance can protect you from these financial risks and give you peace of mind when enjoying your time on the water.

Do You Need Insurance for a Small Boat?

While you are not required by law to have insurance for your small boat, it is still highly recommended. There are many dangers on the water, and if something were to happen to your boat or someone on board, you would be financially responsible. There are a few different types of insurance available for boats, and the coverage you need will depend on the size and value of your boat, as well as how you use it.

For example, if you keep your boat at a marina, you will likely need to purchase hull insurance which covers damage to the hull of the boat. If you plan on using your boat for racing or other high-risk activities, you will need to purchase additional coverage. The cost of insurance for a small boat is relatively affordable and can give you peace of mind knowing that you and your property are protected.

Be sure to speak with an insurance agent who specializes in maritime insurance to get the best coverage for your needs.


No, boat insurance is not required in Michigan. However, it is highly recommended. Without insurance, you could be held financially responsible for any damage or injuries that occur while you are operating your boat.