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Jet ski insurance, which frequently falls under the title of personal watercraft (PWC) insurance, will help you avoid the hefty price tag that comes with damage related to storms, unexpected accidents, fires, and even traveling. It covers you like auto insurance covers your car with different coverages and protections selected based on your policy.
Like home, auto, or other types of insurance, jet ski insurance policies come in several shapes and sizes, and finding the right policy can be challenging. At a minimum, you’ll need to consider how much coverage you want or need—some states require liability coverage—how much you can afford, and what type of coverage is best suited for your PWC use. A good policy includes basic liability insurance that protects you against accidental physical damage and bodily injury.
It’s also wise to consider a policy that will protect you in the event of other potentially serious or financially burdensome events, like fuel spills or natural disasters.
Read on to find the best jet ski insurance provider for your needs.
Best Overall : Ski Safe
Ski Safe offers comprehensive jet ski insurance for as little as $85 a year and offers customers a number of discounts, benefits, and customization options to provide affordable and reliable coverage.
Flexible coverage options
High deductible under some circumstance
Some quotes not available online
Unlike many of the other providers we reviewed and included in this list, SkiSafe is dedicated to one thing: providing insurance for jet ski, boat, and other PWC owners. They have over 500,000 insured customers and offer some of the lowest premiums in the industry. They also have several policies, discounts, and customization options that make them the best overall insurance provider for jet ski owners.
Ski Safe customers can choose between four different packages: Liability Only, Basic Package, Premium Package, and a Build Your Own package. Limited liability coverage costs as little as $85 a year, but if you want to add additional coverage, packages start at $203 a year. Depending on which package you choose, coverage can include physical damage, bodily injury, medical payments, towing, fuel spills, and roadside assistance.
Ski Safe also offers a few discounts, including ones for purchasing online, completing a boating safety course, and, if you don’t use your jet ski year-round, one for the winter lay-up period.
Ski Safe has an A+ A.M. Best rating, and their customers are generally happy with their coverage and overall experience with this provider. The customer experience is further improved by an easy-to-access online portal and resources that make it easy to pay your bill and review policy documents.
Best for Bundling : Nationwide
Long known as a leader in affordable insurance products, Nationwide makes it easy to save money by bundling your jet ski insurance with any existing or future auto, home, or life insurance policies.
Multiple insurance products for easy bundling
Highly competitive rates for multi-policy customers
Availability varies by state
Limited discount programs
Maximum coverage value of $27,000
When it comes to bundling insurance policies, Nationwide is a consistent favorite. That’s because many customers find this provider the most affordable when combining multiple policies, like home and auto insurance. Fortunately, those discounts and competitive rates also extend to Nationwide’s PWC insurance, making them our number one choice for bundling.
In addition to offering some of the most competitive insurance rates for jet ski, home, auto, or life insurance policy bundles, Nationwide generally offers low premiums, starting at $100, and though deductibles range from $250 to $5,000, nearly 75% of Nationwide policyholders typically carry a deductible between $250 and $500. That deductible can shrink by $100 a year (max $500) for each year you go without an accident.
Nationwide doesn’t currently offer as many discounts as some of its competitors. PWC customers can receive one additional discount when they complete a personal watercraft safety course. Still, their multi-policy rate keeps their prices quite competitive compared to other top providers.
Nationwide, which received an A+ rating by A.M. Best, offers flexible PWC policies that include bodily injury liability, property damage liability, protection from uninsured and underinsured motorists, collision and damage payments, medical payments, and on-water boat towing and labor.
They also offer comprehensive coverage that protects your investment in the events of fires, theft, or storms. As an added benefit, their coverage has no real geographical restrictions, making it a good choice for jet ski owners who aren’t committed to a single location.
Best for Policyholder Benefits : Allstate
Allstate policyholders can take advantage of discounts that help them save on their jet ski insurance, other Allstate policies, and purchases with Allstate’s partner merchants.
Multiple opportunities for policy discounts
Deals with partner merchants
No online quote available
Coverage and offers vary by state
With a slogan that boasts “you’re in good hands,” it’s not surprising that Allstate’s benefits extend beyond what you’d expect of a well-known insurance provider. Allstate provides policyholders with a robust collection of discounts and services both inside and outside of their organization, and with rates as low as $25 a month, they are the top pick for policyholder benefits.
The benefits start with generous discounts based on a number of eligibility factors. Allstate insurance customers can reduce their rates by taking advantage of multi-policy (up to 20%), full-pay (10%), homeownership (10%), and boat education course (5%) discounts. They also offer a generous 6% discount when you sign up for autopay.
Allstate customers can also take advantage of discounts and benefits with Allstate partner organizations, including Intuit, HomeAdvisor, Kiddie, PODS, Budget Rental, Auto Zone, Valvoline, SiriusXM, and Avis.
With an Allstate boat or PWC insurance policy, you’ll gain coverage that includes damage to your watercraft, any resulting medical payments, and watercraft liability protection, as well as coverage for property damage, repairs, emergency services, and against uninsured watercraft. Allstate also has an optional Agreed Upon Value coverage, which makes it possible for you to recoup the full price (the time-of-purchase value) of your jet ski regardless of the market value at the time of a claim.
Best for Multiple Jet Ski Coverage : Progressive
Progressive offers multi-unit discounts alongside multi-policy discounts making it easy to save if you’re insuring more than one jet ski or other PWCs.
Policies up to $500,000
Potentially higher deductibles
Coverage maximums are lower in certain locations
In business since 1937, Progressive is one of the most well-known insurance companies in the United States, and they have an extensive collection of comprehensive insurance policies to cover many types of property, including boats and personal watercraft.
Progressive also offers discounts for customers who purchase coverage for more than one boat, jet ski, or other personal watercraft. This makes them a top choice for anyone who wants to insure multiple jet skis.
If it’s basic coverage you’re looking for, you can insure one or more jet skis for just $100 a month. With their Basic plan, you’ll gain liability insurance and insurance against uninsured boaters. You can increase your coverage by taking advantage of Progressive’s Choice and Plus plans, which include medical payments, comprehensive insurance, and totaled vehicle loss coverage.
If you want a more robust insurance policy, you can decrease costs when you insure more than one jet ski. However, those aren’t the only discounts you can take advantage of. Progressive also extends discounts to policy owners who bundle other Progressive policies, are the original owner of the PWC, have a clean driver’s records, or transfer coverage from another company. The United States Coast Guard Auxiliary, USAA, and United States Power Squadron (USPS) members can also get additional discounts.
Progressive customers can expect deductibles between $500 and $5,000 with jet ski coverage up to $27,000. However, it’s worth noting that coverage maximums can change based on your geographic location. For instance, maximums may be lower for customers in hurricane-prone zip codes.
Despite some negative customer reviews, Progressive has received a superior A+ rating by A.M. Best and is frequently a top choice among boat and watercraft owners.
Best for Custom Coverage : Markel
Markel specializes in unique insurance policies that give you the freedom to engage in the watersports you want to.
Hard to get a quote online
No option to bundle with home or life insurance
Not all insurance providers cover watersports, but that’s not the case for Markel. Unlike other providers, Markel coverage allows you to customize policy coverage, making them a top choice for anyone looking for insurance to suit those activities or needs.
Markel is a specialty insurance company that provides coverage for very niche markets, including PWCs, motorcycles, off-roading, and even equine ownership. Markel‘s PWC coverage includes:
- Physical damage, with actual cash value (ACV) and agreed value options.
- Consequential damage, such as fires, collisions, or strandings that occur due to normal wear and tear.
- Ice and freezing damage if you contracted a winterization service, but your jet ski was still damaged.
A Markel PWC policy will also protect you from watercraft liability, necessary medical payments, uninsured boaters, and emergency towing and assistance. You’ll also have the option to customize your policy to include trailer, lift, and even trip coverage.
Like other PWC insurance providers, Markel offers a few discounts, including a multi-unit discount, experienced boater discount, and mature operator discount for policyholders 40 years or older. There’s also a diminishing deductible that reduces your deductible by 25% each year, with the opportunity to have a $0 deductible after your fourth year of coverage.
Best for Commercial Use : Global Marine Insurance Agency
Many insurance policies won’t cover the commercial use of jet skis, but Global Marine Insurance has a policy created that can cater to the entrepreneurial-minded.
Easy online quote application
Flexible coverage options to fit your needs
Not valid in the state of Florida
Minimum of five PWCs required
The insurance policies discussed above are specific to personal-use jet skis, but what if you’re planning on renting out your jet ski or other PWCs? Many traditional policies won’t cover commercial use, so if you’re considering renting out jet skis, you’ll need to look for a commercial insurance provider. Global Marine Insurance offers a comprehensive jet ski rental policy, making it our choice for the best commercial use provider.
A basic Global Marine insurance policy will cover extraneous expenses associated with medical expenses or employee negligence, equipment replacement costs related to client negligence, and equipment replacement expenses in the event of catastrophic storms or flooding.
Global Marine insurance offers multiple jet ski insurance add-ons and extended policies. This includes dealership coverage, which protects your investment during hauling, anchoring, and servicing; marina coverage, which protects against damages during storage or winterizing; and marina operators’ legal liability, which eliminates liability in the events that a PWC or boat is damaged while in your care or control.
Not considering a commercial use policy? Global Marine Insurance Agency also offers personal jet ski policies that are competitively priced.
Jet ski insurance can help you save a lot of money in the long run, but only if you find the right policy and provider. The insurance providers above offer a range of competitively priced and customizable policies. Which is right for you? That depends on a number of factors, including your budget, the amount of coverage you want or need, and your discount eligibility.
In some cases, adding a policy on your existing house or auto coverage can help you save money, particularly with companies like Nationwide, Progressive, and Allstate, all of which offer multi-policy discounts. If you don’t want to bundle your policy, a specialty insurance provider like Markel, Ski Safe, or the Global Marine Insurance Agency may provide you with better rates or more customized coverage. The best course of action is to get a free quote from each provider and compare prices, coverage, and other benefits before you decide.
Compare the Best Jet Ski Insurance
|Company||Annual Premium||Policy Options||Other Available Insurance|
|Ski Safe Best Overall||Starting at $85||Towing & roadside assistance, agreed value, fire, theft, collision, bodily injury & property damage, medical payments, personal property, cost of defense, hurricane haul-out, fuel spill, and more||Boat|
|Nationwide Best for Bundling||Starting at $100||Liability, collision, comprehensive coverage, bodily injury liability, Uninsured/underinsured motorist, collision, on-water boat towing and labor, medical payments, and more||Home, Auto, Renters, Condo, Motorcycle, Pet, Business, Life, Travel, ATV, Scooter, Snowmobile, Classic Car, RV, Boat, Umbrella, Identity Theft, and more|
|Allstate Best for Policyholder Benefits||Staring at $25/month||Watercraft medical payments, watercraft liability coverage, property coverage, repair cost, emergency services, uninsured watercraft coverage, agreed value option, personal effect coverage, additional boat equipment, boat trailer coverage, and more||Auto, Home, Renters, Condo, Motorcycle, Business, Life, Roadside, Identity Theft, and more|
|Progressive Best for Multiple Jet Ski Coverage||Starting at $100||Standard jet ski insurance (e.g., full replacement costs, bodily injury & property liability, etc.), total loss replacement, on-water towing, fishing equipment or carry-on items, mechanical breakdown coverage, comprehensive and collision, uninsured/underinsured boater, medical payments, trailer trip interruption, and more||Home, Auto, Renters, Condo, Motorcycle, RV/Trailer, Flood, Mobile Home, Dental, Health, Life, Pet, Travel, Umbrella, Vision, Wedding & Event, Boat, and more|
|Markel Best for Watersports||Starting at $100/year||Physical damage, consequential damage, ice and freezing damage, watercraft liability, medical payments, uninsured boater, emergency towing and assistance, and more||Boat, Motorcycle, Off-Road Vehicle, Horse and Farm, Wedding, Classic Car|
|Global Marine Insurance Agency Best for Commercial Use||Contact for Quote||Commercial watercraft insurance, dealership coverage, marina coverage, marina operators legal liability, protection and indemnity, crime coverage, and more||Personal Watercraft, Yacht, Mega Yacht, Boat, Sailboat, Watersport|
Frequently Asked Questions
What Is Jet Ski Insurance?
Jet Ski insurance protects you and your jet ski against collisions, storm-related damage, liability, fuel spills, vandalism, and other unfortunate and costly incidents. Oftentimes, Jet Ski insurance falls under the umbrella of Personal Watercraft Insurance (PWC), which includes all personal watercraft, including small boats.
How Much Does It Cost to Insure a Jet Ski?
The cost of jet ski insurance varies from provider to provider, as well as other factors, including the age, make, model, and condition of your jet ski, your personal driving record, experience as a jet ski user, and geographical location. It also varies based on the type of coverage you want. Generally, you can expect to pay about $85 to $100 a year for liability coverage, while more comprehensive coverage can be $500 or more a year.
Do you need insurance to own a jet ski?
Unlike car insurance, there are no federal or state laws that require you to have jet ski insurance. However, it is recommended that you have insurance to protect you if an accident or damage happens. The coverage usually outweighs the premium you'll pay.
Is Jet Ski Insurance Worth It?
Like auto insurance, jet ski insurance requires you to pay a monthly or annual premium in exchange for coverage in the event of an accident, property damage, or other scenarios, based on the policy you choose. Jet ski insurance may be an added upfront expense, but it can help you avoid costly bills in the future. Not only does it protect your personal watercraft, but it can also cover other expenses, like accident-related medical bills, towing and emergency service fees, fuel spills, and some types of personal property (e.g., cell phones) covered by the policy.
We researched 16 different PWC insurance providers and evaluated each based on factors like policy price, coverage options, discounts, policyholder benefits, and customer service ratings. First, we considered the insurance providers that offered the most comprehensive and customizable coverage options, and then we reviewed the annual premiums to eliminate providers that offered fewer coverage options or weren’t competitively priced.
We also analyzed the remaining providers to identify which offered the best coverage based on common policyholder needs or wants, like policy bundling, discounts, and usage types.