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  1. #1
    Join Date
    May 2018
    Posts
    4,349

    Default Insurance rate increase

    Just got my annual insurance bill, increased 25% with no claims made and no change in coverage. BIA is who I go through.

    Just curious if anyone is seeing that sharp of an increase?

    Perhaps another byproduct on massive price increases. Assumption that increase is due to guarantee replacement cost.

    Might be worth shopping other carriers.


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    Last edited by larry_arizona; 01-19-2022 at 03:48 PM.
    2021 Supra SA 400
    2018 Supra SA 400 (SOLD)
    Michigan

  2. #2
    Join Date
    Feb 2018
    Location
    Boating on Lake Martin, AL
    Posts
    1,288

    Default

    Last year my BIA premium increased a good bit but I can’t remember the cost. When I asked Gabriel why it increased I want to say it was due to more boaters on the water and general increased costs on their end. If it jumps that high I’ll probably shop around and compare. I’ve never had a boat insurance company not make some adjustments to my premium each year regardless of carrier.
    Last edited by haknslash; 01-19-2022 at 04:57 PM.
    2019 Moomba Max "MOOMBAE"
    Mods: Wakemakers upgrade + 500 lbs of lead
    2016 Yamaha AR192 - sold

  3. #3
    Join Date
    Jun 2008
    Location
    Henderson, NV
    Posts
    6,729

    Default

    try skisafe. treated us great(granted never had a claim) and was rough and tough $350 for full coverage agreed value on our last 115k tige.
    layup period tho made a HUGE difference in price. we put nov to april.
    '06 Supra Launch 20SSV-gone but never forgotten

  4. #4
    Join Date
    Aug 2009
    Location
    Richfield, WI
    Posts
    327

    Default

    We have been with Progressive for several years now and I am surprised they haven’t raised our rates much, if any, over those years. We bundle all with them..

    I should note, our total yearly policy is $419 on our 21 Max.




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    Last edited by brad460; 01-19-2022 at 08:48 PM.
    2021 Moomba Max

  5. #5
    Join Date
    Nov 2020
    Posts
    306

    Default

    SkiSafe stayed the same for us too


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  6. #6
    Join Date
    Feb 2018
    Location
    Boating on Lake Martin, AL
    Posts
    1,288

    Default

    We shopped skisafe when I got the Max and they had the highest premium out of most others I shopped. Insurance rates vary so much on many factors and location I think plays a big role. I guess if the area you boat in has more months people can boat the chances of an accident or claim or higher than say other areas where weather or population or whatever they factor in isn’t as prevalent. Idk, I just know insurance premiums is one of those necessary evils . It probably is a good idea to shop every couple of years anyways just to go with who has coverage you like, quality claim history and best premiums.
    Last edited by haknslash; 01-19-2022 at 08:58 PM.
    2019 Moomba Max "MOOMBAE"
    Mods: Wakemakers upgrade + 500 lbs of lead
    2016 Yamaha AR192 - sold

  7. #7
    Join Date
    Aug 2020
    Location
    Middle Tennessee
    Posts
    685

    Default

    I'm on progressive as well and no noticeable increase this year.
    $674 for agreed value coverage
    2020 Supra SA

  8. #8
    Join Date
    Aug 2020
    Location
    Middle Tennessee
    Posts
    685

    Default

    For fun I quoted skisafe and it's within 10 bucks of my progressive policy.

    Interesting tidbit, if you decline the "freeze coverage" it saves you 100 bucks a year. Thanks Texas haha
    2020 Supra SA

  9. #9
    Join Date
    Sep 2017
    Location
    Ft Gibson Lake OK
    Posts
    275

    Default

    On our old boat we had progressive, and then they jumped. I was able to get a ski safe policy cheaper than the rate increase progressive tried to impose on us. For our new boats I just went straight to ski safe and the rates seemed reasonable, no increases yet.
    2021 Makai

  10. #10
    Join Date
    Nov 2016
    Location
    Knoxville, TN
    Posts
    1,205

    Default

    Larry, I have a contact at Global Marine. They're a broker, the best for us was Chubb insurance. No layup period either like Skisafe.
    2018 Supra SA400 aka The Ron Burgandy
    2011 Sea-Doo Wake 155
    2015 Mojo Surf, sold...2013 Axis A22 Recon Edition, sold...2010 Axis A22, sold...2007 Maxum 1800sr3, sold

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