Baller Skoot1123 Posted March 28, 2013 Baller Share Posted March 28, 2013 Ballers - just paid my insurance bill for my '07 boat and was surprised it went up ~$20. I live in Illinois - so I'm not too surprised, but has anyone else seen their rates go up? Link to comment Share on other sites More sharing options...
Baller Wayne Posted March 28, 2013 Baller Share Posted March 28, 2013 Same with my 2009 Response LXI in Michigan. My agent said it was due to the dollar amount for filed claims has been higher. My guess is the cost to repair/replace is climbing fast. Link to comment Share on other sites More sharing options...
Baller Phil2360 Posted March 28, 2013 Baller Share Posted March 28, 2013 @Skoot1123, Would be curious to know what the Premium is & what cover you have. Just had home & contents down here.... up by 46%. Would like to know how we compare with over there. Link to comment Share on other sites More sharing options...
Baller east tx skier Posted March 29, 2013 Baller Share Posted March 29, 2013 Switched underwriters on my policy last year and the price dropped $100 for the same coverage. Hope it lasts. Link to comment Share on other sites More sharing options...
Baller XR6Hurricane Posted March 29, 2013 Baller Share Posted March 29, 2013 I'm in Illinois and mine stayed the same as last year. I have mine with American Family. They have the best rates of any A+ company I've found but you need a good credit rating to get their best rates. Link to comment Share on other sites More sharing options...
Baller jdarwin Posted March 31, 2013 Baller Share Posted March 31, 2013 Sandy losses were significant in the marine insurance market. If your insurance only increases by $20, be thankful. Link to comment Share on other sites More sharing options...
Johnbrad Posted April 1, 2013 Share Posted April 1, 2013 I did not find any increase. It depends on the type of boat, it's condition, how much insurance you want, where you live, your driving record, age, and so on. Link to comment Share on other sites More sharing options...
yardsale Posted April 3, 2013 Share Posted April 3, 2013 Depends on the company too. I have Chubb and they jack rates frequently. But they're the best and they know it so if you want their ins you play their game. Link to comment Share on other sites More sharing options...
Harrybb Posted April 17, 2013 Share Posted April 17, 2013 You can also save money on boat insurance cost by increasing your deductible or by decreasing your liability limits. Link to comment Share on other sites More sharing options...
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