Wyoming Boat Insurance

Find the Best Boat Insurance Rates & Companies in Wyoming 

Wyoming is brimming with outdoor activities like hiking, fishing, skiing, dog sledding, and, of course, boating. Whether you go boating for pleasure or professionally, it's critical to be aware of risks like collisions, lawsuits, vandalism, and more. That's why you need the proper boat insurance to protect yourself and your watercraft.

Fortunately, a Wyoming independent insurance agent can help you get set up with the right boat insurance. They'll ensure you get matched to an ideal policy for your unique watercraft. But first, here's a deep dive into Wyoming boat insurance requirements and more.

Best Boat Insurance Companies in Wyoming

You can find boat insurance sold by many different carriers. However, when you're looking for the best boat insurance in Wyoming, know that a few carriers stand above the rest. Here are a few of our top recommendations for quality boat insurance in your area.

1. Progressive: This insurance company sells boat insurance and many other kinds of personal and business insurance. Progressive has a superior financial strength rating from AM Best and its customer service department is available 24/7/365.
2. Foremost: This insurance company sells boat insurance along with many other kinds of personal insurance. Foremost has great ratings from both AM Best and the Better Business Bureau and offers 24/7 claims reporting.
3. Travelers: This insurance company sells boat insurance and several other kinds of personal and business insurance. Travelers has excellent ratings from AM Best and the Better Business Bureau and offers many discounts.

A Wyoming independent insurance agent can find and compare boat insurance quotes from each of these carriers for you, along with other insurers that sell coverage in your city.

What Boat Insurance in Wyoming Can Cover

You can build your boat insurance policy in a way that makes the most sense for you. In Wyoming, you'll often find the following boat insurance coverage options to choose from:

• 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 repairs or replacements for personal items like scuba gear, fishing gear, and water skis, that get damaged, lost, stolen, or destroyed.
• Boating liability insurance: Covers lawsuit expenses related to third-party claims of bodily injury or personal property damage.
• Medical payments insurance: Covers medical treatment expenses for yourself or your passengers after a boating collision, regardless of fault.
• Equipment insurance: Covers costs related to repairs or replacements 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.
• Comprehensive insurance: Pays for damage to your boat due to a non-collision event such as a flood or theft. 
• Uninsured/underinsured boater insurance: Covers expenses related to property damage and medical treatments 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.
• Collision insurance: Pays for damage to your boat from a collision with another object, regardless of fault.

A Wyoming independent insurance agent can recommend the types of coverage that make the most sense for your personal boat insurance policy.

Is Boat Insurance Required in Wyoming?

Boat insurance isn't mandatory by law in Wyoming. However, having this coverage can help you recover in the event of a lawsuit, collision, or vandalism to your watercraft. 

Without boat insurance, you could have to pay these costs and others out of your own pocket. So, you might still want to seriously consider getting a policy, especially if you own any of the following:

There are certain instances in which you might still be required to have boat insurance, such as if you finance your watercraft or plan to dock it at a marina.

What Boat Insurance in Wyoming Will Not Cover

In Wyoming, boat insurance comes with certain coverage exclusions that you should be aware of. Some common boat insurance exclusions are:

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

Review your specific boat insurance policy's list of coverage exclusions so you can understand exactly what's not covered.

Average Cost of Boat Insurance in Wyoming

Boat insurance rates in Wyoming are pretty average when compared to the rest of the country. In Wyoming, boat insurance costs about $344 per year. Of course, several factors can influence these rates, including:

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

If you've had a history of filing several boat insurance claims, you can typically expect your boat insurance premiums to be more expensive.

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What Boat Insurance Discounts Are Available in Wyoming?

There are several ways you can potentially reduce your boat insurance costs. Many boat insurance companies in Wyoming offer the following discount options:

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

Work together with an independent insurance agent in Wyoming to ensure you receive all the boat insurance discounts possible to save more on your coverage.

Popular Questions about Wyoming Boat Insurance