Insurance for 24 year old?
#1
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Insurance for 24 year old?
I have a perfect driving record and a credit score well above 700, but i'm 24 years old. How hard is it going to be for me to get insurance on a powerboat roughly 33-36 feet top speed no more than 70?
Thanks!
P.S. I would love to hear any recommendations on where to search, who to call
Thanks!
P.S. I would love to hear any recommendations on where to search, who to call
#2
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Re: Insurance for 24 year old?
Call Performance Marine Associates Insurance Services at 954.583.5558 or email [email protected]
#3
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Re: Insurance for 24 year old?
I don't see why progressive wouldn't insure you,they do up to 500 hp per motor and 70 mph,they might surcharge you for your age or lack of experience but should insure you.
#4
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Re: Insurance for 24 year old?
I am in the same situation that you are. I am 24 and have a 1991 forumla 311 with 502's @ 70mph. I have a clean record and pay $1400 a year through progressive. Good luck and have fun.
Don
Don
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Re: Insurance for 24 year old?
i AM 22 WITH A 32 FORCE http://www.offshoreonly.com/esvon/page-5914.html
THE ONLY WAS I GOT AROUND IT WAS NOT TO HAVE ANY..WHICH ISN;T VERY SMART...HAHA. BUT IT IS LEGAL IN NY I THINK NOT TO HAVE ANY...
THE ONLY WAS I GOT AROUND IT WAS NOT TO HAVE ANY..WHICH ISN;T VERY SMART...HAHA. BUT IT IS LEGAL IN NY I THINK NOT TO HAVE ANY...
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Re: Insurance for 24 year old?
Yea I went thru the same rigamorole...Im 49 with a close to perfect driving record....They wanted $3600/yr for a 24' cat with twin 300 merc outboards. The boat payments would have been less. I keep my boat on a trailer in my yard and have never insured a boat. This was the 1st one I had to finance and of course they wanted insurance. F**K that! I borrowed against the 401 and sold the vette and put the rest of my reserve into it and now I have the boat of my dreams and can afford it without insurance. Yes I am careful with it. If I stuff it into a wave I loose. All the money I save on insurance I can now put into the gas tanks, and get enjoyment out of it. Bottom line....there are alternative ways to get the $ to get that boat.
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Re: Insurance for 24 year old?
Progressive is who I use. I'm 27 with a clean record. Last year 3 companies refused to insure me, said I should have more experience with a big boat. Interesting cause I never asked their opinion on my boating experience, I asked for a quote on insurance. Little did they know that I have spent my entire life on a boat on Lake Ontario, 1000 Islands, Finger Lakes, Oneida Lake, Lake George, and on and on. Oh well, I hate insurance companies, but didn't want to risk not carrying any on my Powerquest. Progressive was a third of the cost of anybody else.
#9
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Re: Insurance for 24 year old?
Originally Posted by johnkot
Call Performance Marine Associates Insurance Services at 954.583.5558 or email [email protected]
#10
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Re: Insurance for 24 year old?
Progressive would not insure my 311 because it was more than 15 years old ....I am 52 ..never had a claim on a boat ...been boating since 1986 ...they did sell me Liability ....109.00/year ....that was pretty much a no brainer ....I could absorb the loss of the boat but you never know what some Jerk you bump into might try .....