Oklahoma Boat Insurance

Find the Best Boat Insurance Rates & Companies in Oklahoma 

Oklahoma is home to the largest number of man-made lakes in the country, making it an ideal state for boaters. Whether you only use your boat occasionally or live on board, finding boat insurance to protect yourself and your investment is critical. Without this coverage, you could have to pay for the cost of lawsuits and other disasters out of your own pocket.

Fortunately, an Oklahoma independent insurance agent can help find all the necessary boat insurance. Your agent will ensure you get matched to a policy that makes sense. First, though, here's a closer look at Oklahoma boat insurance requirements, costs, and more.

Best Boat Insurance Companies in Oklahoma

Many carriers sell boat insurance in Oklahoma. But when you're ready to find the best coverage available, knowing where to start looking can be helpful. That's why we've included just a few of our top picks for the best boat insurance companies in Oklahoma for you.

1. Travelers: This insurer sells boat insurance and several other kinds of personal and business insurance. Travelers has excellent AM Best and Better Business Bureau ratings and provides many discounts.
2. Progressive: This insurer sells boat insurance and many other kinds of personal and business insurance. Progressive has an excellent AM Best rating and provides year-round, 24/7/365 customer service.
3. Foremost: This insurer sells boat insurance and many other kinds of personal insurance. Foremost has outstanding AM Best and Better Business Bureau ratings and provides 24/7 claims reporting.

An Oklahoma independent insurance agent can compare boat insurance quotes for you and provide only the best results for quality, affordable coverage in your area.

What Boat Insurance in Oklahoma Can Cover

Your boat insurance policy will be built with several types of coverage. In Oklahoma, you can choose from the following boat insurance coverage options:

• Boating liability insurance: Covers lawsuit expenses related to third-party claims of bodily injury or personal property damage.
• Comprehensive insurance: Pays for damage to your boat due to a non-collision event such as a flood or theft. 
• Fuel spill/wreckage cleanup insurance: Covers expenses related to wreckage and pollutant clean-up if you cause a collision on the water.
• Personal effects insurance: Covers the cost of repair or replacement for personal items like scuba gear, fishing gear, and water skis that get damaged, lost, stolen, or destroyed.
• Equipment insurance: Covers costs related to repair or replacement for equipment or accessories not originally installed by the manufacturer, such as GPS units, boat hoists, and more that get damaged, lost, stolen, or destroyed.
• Medical payments insurance: Covers medical treatment expenses for yourself or your passengers after a boating collision, regardless of fault.
• Collision insurance: Pays for damage to your boat from a collision with another object, regardless of fault.
• Uninsured/underinsured boater insurance: Covers expenses related to property damage and medical treatment in case of a collision with a boater who doesn't carry adequate insurance to reimburse you.
• Towing insurance: Covers towing expenses if your boat becomes disabled on the water due to mechanical failure, etc.

An Oklahoma independent insurance agent can help you build a solid boat insurance policy with each type of protection necessary.

Is Boat Insurance Required in Oklahoma?

While Oklahoma doesn't mandate boat insurance by law, it has educational requirements for people aged 12 to 15 who operate a boat or personal watercraft on public waters. Before heading out to the lake, younger boaters must pass a state-approved boating license course. Otherwise, all boaters are required to register their watercraft and always display their registration numbers and validation stickers. 

Though boat insurance isn't technically required by law, many boaters still choose to get a policy if they own any of the following:

Boat insurance may be required by a marina where you dock. If you finance your watercraft, you might also be required to carry boat insurance by your lender. Regardless, having boat insurance can provide you with critical reimbursement after a collision, vandalism, theft, or another incident.

What Boat Insurance in Oklahoma Won't Cover

Boat insurance is designed to cover numerous incidents but can't cover everything. In general, you can expect Oklahoma boat insurance to exclude the following threats:

• Boat damage due to marine life, insects, animals, or mold
• Normal boat wear and tear damage
• Boat trailer damage, loss, or destruction
• Incidents caused by faulty or defective machinery (without an endorsement)
• Intentional or malicious acts against third parties

Take some time to become familiar with your specific boat insurance policy's list of coverage exclusions.

Average Cost of Boat Insurance in Oklahoma

Boat insurance costs an average of $344 per year in Oklahoma, which falls in about the middle of the pack compared to all other states. However, boat insurance premium rates can be influenced by any or all of the following:

• Your prior boat insurance claims
• The types and amounts of coverage you select
• The specs of your watercraft, including its make and model
• Your exact location
• Where your watercraft is stored while not in use
• The engine size and length of your watercraft
• Your personal boating history

If you've filed boat insurance claims before, you can typically expect your coverage to be more expensive than if you've remained claims-free.

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What Boat Insurance Discounts Are Available in Oklahoma?

There are ways to reduce your boat insurance premiums even further. In Oklahoma, you can often find the following boat insurance discounts offered by most carriers:

• Security discounts: Using security devices to guard your watercraft against theft or vandalism can earn you a discount.
• Affiliation discounts: Having an affiliation with certain groups and organizations can earn you a discount.
• Loyalty discounts: Keeping your coverage through the same boat insurance company for a set number of years can earn you a discount over time.
• Boater safety course discounts: Completing a state-approved boater safety course can earn you a discount.
• Lay-up discounts: Using your boat only in the summer can earn you a boat insurance discount.
• Bundling discounts: Bundling your boat insurance with another policy like home insurance, auto insurance, etc., through the same insurer can earn you discounts on each.

Your Oklahoma independent insurance agent can help you save as much money as possible on boat insurance by finding any discounts you qualify for.

Popular Questions about Oklahoma Boat Insurance