The cost of boat insurance is called a ‘premium’. Your premium will depend on a number of factors and can change each year when you renew your policy. There are many factors that determine how your premium is calculated, such as: Value of the boat or pleasure craft  The type of boat or pleasure craft Construction materials The type of engine, fuel, power and maximum speed Where and how your boat is stored when not in use The level of third-party liability cover you include  Options chosen such as water skiing or yacht racing, lay up, excess levels and geographical or navigational limits  Your risk profile   Your claims history The cost of Club Marine boat insurance ranges from minimum annual premiums in the hundreds of dollars for a low value aluminium runabout, to thousands of dollars for a high value, top of the range cruiser or yacht. To find out the cost to insure your boat get a quote now