Progressive Boat Insurance Review – What It Is, Pros & Cons

boat on water on a gloomy day

Boat insurance is a necessary requirement for almost all boats on the water. One of the larger boat insurance companies that you may be considering is Progressive. Our article is going to serve as a review that will cover several important aspects of Progressive’s boat insurance business. In the end, we will seek to summarize our findings and offer a final verdict.

Progressive Boat Insurance – Details and Overview

Progressive has long been one of the biggest insurance companies in the United States for many years. Partly due to their viral advertising campaigns featuring their spokesperson Flo, they continue to grow their business with each passing year.

The company was originally founded on March 10, 1937. With over 80 years of experience in the insurance market, Progressive has earned the trust of both consumers and analysts by demonstrating excellent financial dependability.

Currently, Progressive insures automobiles and boats in all 50 states. As for other insurance products, it tends to differ slightly based on the individual licensing requirements for each state. A prime example is their home insurance and business insurance offerings.

Progressive Boat Insurance Explained

Understanding What You Can and Can’t Insure

The first thing we will cover in our Progressive boat insurance review is the limitations on the types of boats that you can insure. Currently, Progressive offers insurance on boats up to 50 feet in length or with values of up to $250,000.

However, there are certain exclusions to this general policy. If your boat is more than 15 years old and valued at more than $20,000, you will likely not be able to insure it with them. An important note to keep in mind is that this exclusion maximum can vary slightly based on the state and area that you live in.

When in doubt, your best bet is to consult with one of their licensed agents to find out what the specific limitations are for your state. In some cases, you may be surprised to find out that your older boat is still able to be covered.

In addition to their limitation on boats over 50 in length or with values greater than $250,000, Progressive also does not insure watercraft that go faster than 75 MPH or vehicles that do not meet the safety standards outlined by the United States Coast Guard.

Keep in mind that these types of stipulations are fairly standard amongst many boat insurance carriers. This is mainly due to the increased chance an aging boat has of experiencing mechanical failure or another accident.

Evaluating The Types of Coverages Offered

Just like an automobile policy, there are different types of coverages associated with boat insurance. Fortunately, Progressive boat insurance is in effect anytime you are traveling along United States waterways as well as within 50 miles of the United States coast. In addition, it also covers the waterways of Canada as well.

As for the types of insurance coverages offered, it will vary based on your personal needs. A prime example of a universal coverage that most boaters take advantage of is on-water towing. This coverage covers towing your boat to a harbor or other approved repair center.

Another popular example of insurance coverage that they offer is uninsured boaters. This type of coverage covers the cost of repairs in the event your boat is involved in an accident with someone who doesn’t have appropriate coverage.

There are also additional options like total loss replacement, fuel spill liability, and wreckage removal coverage. Ultimately, your best bet is to go over the types of activities you typically enjoy while boating with your agent. By doing this, you can be sure that you are getting the right type of coverage to fit your unique needs.

Evaluating Their Financial Strength

Whenever you’re looking into an insurance company, one of the most important things to consider is their financial strength. You can easily do this by researching the rating of the company with several key rating agencies.

A prime example is Standard & Poors. Progressive currently maintains a financial strength rating of AA and a debt rating of A with the agency. With Moody’s their current financial strength is rated at Aa2 and their debt rating is at an A2 level.

What this means for you as a consumer is that Progressive has the financial strength and security to ensure that they can pay out your claim in a timely manner. In the event that you want to take a look at Progressive’s current financial ratings yourself, you can easily check out their analyst coverage pagefor more information.

An important fact to keep in mind is that insurance companies also traditionally carry a special type of insurance called reinsurance. This type of coverage starts in the event of an unforeseen financial disaster. Ultimately, it helps guarantee that your claim will be paid out no matter what.

Online Tools and Ease of Access

One of the last sections that we are going to cover in our Progressive boat insurance review is the types of online tools that they offer. With progressive, you can easily start an online quote by filling out some basic information on their website.

Once you fill out your contact information, an agent will contact you to discuss the specifics of your boat insurance policy needs. In the event you decide to take out a policy with Progressive, you can easily sign up for online account access.

The online account system is really where Progressive shines. Using their online portal, you can easily set up future payments, make changes to your existing policy, and print out new insurance cards. Ultimately it’s one of the best features that they offer.

Pros and Cons of Progressive Boat Insurance

woman and dog on a boat


  • Available in virtually every state.
  • Plenty of online account management tools.
  • Quick and easy online quote process.
  • No marine survey requirements on most policies.


  • No coverage available for larger boat types.
  • Older boats are sometimes difficult to insure.
  • Coverage limitations vary with each state.
  • Navigating the wide range of coverages can be overwhelming.

Progressive Boat Insurance Customer Service Review

Another area where Progressive boat insurance really excels is in its customer service. Agents are available 24/7 to answer a wide range of coverage questions for customers. In addition, you can easily connect with an agent to make changes to your policy whenever you need.

For users that prefer to handle things themselves, Progressive communicates a wide range of important details to policyholders via their online account. Overall, most customers seem to be very pleased with the level of service and professionalism that they receive from Progressive.

Wrapping Up

Based on our findings, Progressive boat insurance has a lot to offer its customers. With a multitude of coverage options and friendly customer service representatives, they are an excellent choice for most boat insurance needs. If you have already used Progressive for your boat insurance needs, feel free to tell us about your experience.

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