Allstate Boat Insurance – Do You Need this Insurance?

If you’re a boat owner, having the right insurance is crucial to protect your investment. Allstate provides boat insurance policies that cover damages and injuries related to boating accidents. In this post, we’ll take an in-depth look at Allstate’s boat insurance to see if it’s a good choice for your needs.

Allstate Boat Insurance

Overview of Allstate Boat Insurance

Allstate boat insurance received an 8.3 out of 10 rating in our review. Here are some key highlights:

  • Covers most types of motorized and non-motorized boats
  • Average annual premiums range from $300 to $500
  • Good selection of add-on coverages available
  • Strong financial strength and positive reputation

While Allstate scored well overall, it fell slightly short in areas like online policy information and coverages related to fuel spills. Keep reading to learn more details in our full review.

What Makes Allstate Boat Insurance Stand Out?

Allstate is one of the largest insurers in the U.S. It offers a range of insurance products including auto, home, life, business, and boat insurance. With 90+ years of experience, Allstate has built a strong industry reputation and has an A+ financial strength rating from AM Best.

After reviewing Allstate’s boat policies, a few key strengths stood out to us:

  1. Affordable Premiums

Allstate offers very low-cost boat insurance, with plans starting around just $25 per month. This makes it a great option for boaters seeking inexpensive coverage from a leading national carrier.

  1. Useful Add-On Options

Boaters can purchase add-ons like agreed hull value coverage to ensure sufficient funds to replace their boat. Allstate also offers personal effects coverage for phones, fishing gear, and other valuables often on boats.

  1. Multiple Discounts Available

In addition to already low rates, Allstate supplies homeownership, multi-policy, safety courses, autopay, and other discounts to reduce premiums further. This can make policies very budget-friendly.

Some other quick facts on the provider:

Allstate Background

  • Founded in 1931 and headquartered in Illinois
  • Over $45 billion in premiums are written yearly
  • A+ financial strength rating from AM Best
  • Top 10 US auto and home insurer

So in summary, Allstate combines inexpensive boat insurance costs with helpful add-ons and discounts – a great value combo.

How Much Does Allstate Boat Insurance Cost?

Allstate offers very affordable boat insurance rates. Policies start around just $25 per month or $300 per year on average. This falls on the low end of industry averages, which typically range from $200 to $500 annually.

Your specific premium can vary more widely depending on factors like your boat’s age, size, engine power, and storage location. Premiums can vary more widely depending on factors like:

  • Boat type, age, and condition
  • Engine horsepower
  • Location and storage
  • Coverage limits and deductibles
  • Discounts for which you qualify

To help reduce costs, Allstate offers multi-policy, autopay, homeownership, boating education, and easy-pay plan discounts. Bundling other insurance plans can lead to the highest savings.

Do You Need Insurance?

Boat insurance isn’t mandatory in most states beyond lender requirements. But it can provide valuable safeguards by covering costs tied to theft, damage, accidents, sinking, fires, or storms.

Over 5,000 boating accidents occurred nationally in 2020 as well. So insurance helps pay for injury claims, property damage, and replacement costs if disaster strikes. For most boat owners, protection provides essential peace of mind.

What Does Allstate’s Boat Insurance Cover?

Allstate boat policies include liability, property damage, medical payments, and uninsured boater coverage.

What’s Covered?

Allstate boat policies feature typical core coverages like:

  • Bodily injury and property damage liability
  • Collision and comprehensive hull coverage
  • Medical payments

You can also add extras like:

  • Emergency towing and labor costs
  • Fishing equipment and personal items
  • Accessory equipment coverage

So Allstate supplies a strong base of standard protections plus useful add-ons.

So in total, Allstate offers a solid mix of standard coverages plus useful extras for boaters’ specialized needs. One downside is minimal policy details on exclusions or restrictions online. Customers need to consult agents to learn more.

What Types of Boats Does Allstate Insure?

On its website, Allstate lists powerboats, fishing boats, sailboats, pontoon boats, and personal watercraft among the most common boats it insures. However, there don’t appear to be any specific restrictions, so it’s likely Allstate can cover other boat types too. To confirm eligibility, customers should consult a local Allstate agent.

Do You Need Boat Insurance?

Boat insurance isn’t mandatory in most states beyond marina or financing requirements. However, it can provide valuable financial protection due to risks like:

  • Collisions with other boats or objects
  • Theft
  • Damage during storage or transport
  • Sinking
  • Fires
  • Storm damage

Statistics show over 5,000 boating accidents occurred in 2020. Having insurance can help cover injury claims, property damage, and costs to salvage or replace your boat after an incident. Ultimately boat insurance provides peace of mind for owners to fully enjoy their vessel.

Allstate Customer Service Reputation

While customer feedback specific to Allstate’s boat policies is limited, reviews of their broader services provide insight. On the Better Business Bureau site, Allstate holds just 1.1 out of 5 stars based on various complaints. However, most major insurers have lower ratings on this site overall.

Positive reviews for Allstate Insurance praise helpful agents guiding people and by phone. Negative reviews cite communication issues during claims processing as a common grievance. We reached out to Allstate regarding their reviews but did not receive a response.

Comparing Allstate to Top Boat Insurers

While Allstate boat insurance scores well in areas like discounts and reputation, it can still be smart to compare quotes from competitors.

Two top alternatives we recommend checking out include:

Progressive  – Offers abundant coverage options plus useful extras like unlimited towing and mechanical breakdown insurance.

BoatUS – Specializes in boat insurance products with coverage from underwriters who understand maritime risks. Also includes useful benefits for boat club members.

Before deciding, get free quotes from these and other boat insurers to find your best option. Rates can vary widely based on individual factors.

Conclusion

Allstate boat insurance provides quality, affordable coverage starting at just $25 monthly. With helpful discounts and add-ons too.

Allstate policies feature a strong blend of value and protection. Boat owners should feel secure choosing this reputable, national insurer to guard their vessels. Still, comparing quotes remains wise before deciding.

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