The higher cost and higher risk are reflected in your premiums. Boat In Safe Waters. The safer the waters you navigate, the lower your premiums will be. Underwriters look at a number of conditions to determine the amount of risk that is presented by the type of waters you navigate. Obviously, these waters pose different levels of risk.
Some areas have higher incidents of theft and are rated accordingly.
Keep A Clean Driving Record. Since almost anyone can operate a boat, insurers look at your motor vehicle driving record to help them determine the type of boat or yacht operator you are. Underwriters also consider your age, years of sailing experience and past boating accidents. Buy The Right Kind Of Boat. Companies also look at the type of boat or yacht you captain to determine the level of risk.