Many factors affect your cost for boat insurance – among them are the state in which you store and dock your boat, as well as the “navigation territory,” or the waters in which you use your boat.
If you store or dock your boat in an area that is more prone to catastrophic weather events, your policy premium may be higher. You may also have a windstorm deductible. Certain states or marinas may also require you to carry specific coverages and limits, which could affect your premium.
Where you use your boat matters, too. For instance, boats used inland typically have a lower rate than boats used on coastal waters.