Is Boat Insurance Required in Minnesota?

Last Updated on October 16, 2022

Boat insurance is not required in Minnesota, but it’s a good idea to have if you own a boat. There are many different types of boat insurance, and the type you need will depend on the type of boat you own and how you use it. If you’re financing your boat, your lender may require you to have certain types of insurance.

BOATER WARNING: 2021 Boating Laws (What You NEED to Know Before You Hit the Water)

Although Minnesota law doesn’t require boat insurance, it’s still a good idea to have it. Accidents happen, and if you’re involved in one, you could be responsible for damages to property or injuries to others. Boat insurance can help protect you financially if something goes wrong.

There are a few different types of boat insurance available, so make sure you choose the coverage that’s right for you. You can get basic liability coverage, which will pay for damages if you’re at fault in an accident. Or you can get more comprehensive coverage that includes protection for your boat and personal belongings.

Talk to your insurance agent about what kind of coverage is best for you and your family. Then enjoy your time on the water knowing that you’re protected in case of an accident.

Do Boats Have to Be Insured in Mn?

According to the Minnesota Department of Natural Resources, boats must be insured if they are used on public waters. The minimum insurance required is $30,000 for bodily injury and $5,000 for property damage.

Is It a Legal Requirement to Have Boat Insurance?

There is no federal law in the United States requiring boat owners to have insurance, but many states have their own laws on the matter. In some states, such as Florida and Michigan, insurance is required by law if you wish to register your vessel. Other states, like California, do not require insurance for registration but strongly recommend it.

The best way to find out if your state requires boat insurance is to check with your state’s boating agency or department. You can also check with an insurance agent who specializes in maritime coverage.

What Happens If You Dont Have Boat Insurance?

If you don’t have boat insurance and something happens to your boat, you will be responsible for paying for the damages out of your own pocket. This can be a very expensive proposition, especially if the damage is extensive. In some cases, it may even cost more than the boat is worth.

If you can’t afford to pay for the repairs, you may have to sell the boat or get rid of it altogether.

Do You Need Insurance for a Small Boat?

No, you don’t need insurance for a small boat. The Coast Guard doesn’t require it and most states have no laws mandating boat insurance. That said, there are several good reasons to insure your vessel.

The first reason is financial protection. If you cause an accident with your boat, damage someone else’s property or injure another person, you could be held liable. Boat insurance can help cover the cost of damages or injuries that you’re responsible for.

Another reason to consider insuring your boat is for peace of mind. Knowing that you’re covered in case something goes wrong can help you relax and enjoy your time on the water. Lastly, some lenders may require you to have insurance if you finance your boat.

Check with your lender before making any decisions about whether or not to insure your vessel. All things considered, there are plenty of good reasons to insure your small boat – even though it’s not required by law. Protect yourself, your investment and others by considering a policy for your vessel today.


No, boat insurance is not required in Minnesota. However, if you finance your boat, your lender will likely require you to have it. And even if you don’t finance your boat, it’s a good idea to have insurance in case of an accident or other unforeseen event.

There are a few different types of boat insurance available, so be sure to talk to your agent about what coverage makes sense for you.