For jet ski owners, there’s nothing quite like a cool breeze and ocean spray on a warm day. But in order to protect the freedom that comes with a jet ski, consider jet ski insurance. It may not be mandatory, as laws vary by state, but it’s a wise purchase that will help offset unexpected or potentially unaffordable expenses later on.
While there are many options for jet ski insurance, not all companies are reputable or affordable. To help you narrow down your choices, we’ve evaluated providers of personal watercraft (PWC) insurance based on financial strength, customer service reputation, policy features, discounts offered, and more to select the top five.
Best Overall : SkiSafe
Why We Chose It: SkiSafe is our choice as the best overall jet ski insurance due to its strong reputation, great coverage options, plenty of discounts, and affordable starting premiums.
Policies underwritten by a top-rated insurance company
Premiums start at $85 per year
Options include agreed value and all-risk coverage
Not everyone can complete a quote online
SkiSafe has specialized in providing insurance for boats, yachts, sailboats, jet skis, and more for over 40 years. Its policies are underwritten by AXIS Insurance Company, which has an A+ financial strength rating from AM Best and few complaints with the National Association of Insurance Commissioners (NAIC). While most people can get an instant quote online, an underwriter may need to look over your information and get back to you. SkiSafe also offers payment and claims management services online.
There are no anonymous quotes available, but SkiSafe’s policies start at just $85 per year and cover medical bills for both parties, repairs for property damage or replacement after theft, towing, and more. You can even add options like all-risk coverage and disappearing deductibles. SkiSafe also offers discounts for drivers who take a boating safety course, have a clean record or boating experience, or store their jet ski on land during winter months.
Best for Bundling : Nationwide
Why We Chose It: Nationwide offers low-cost jet ski insurance with plenty of coverage options that can be bundled with its home, auto, and life insurance policies, making it our top choice as the best for bundling.
A+ financial strength rating from AM Best
A variety of insurance products and bundling discounts
Higher than average number of complaints with the NAIC
Founded in 1926, Nationwide provides homeowners and renters insurance, vehicle insurance, life insurance, and more. These policies can be bundled with jet ski insurance for a discount. Nationwide has an A+ financial strength rating with AM Best and a variety of ways to file a claim, including online. But while customer service reviews are generally favorable and Nationwide ranks highly in J.D. Power studies, the insurer has a high (about double the average) number of complaints with the NAIC.
Nationwide offers all the basic coverages in addition to towing coverage, and you can choose to add disappearing deductibles. With this option, your deductible will decrease by $100 for each year of safe driving, up to $500. Your deductible might even completely disappear if you remain accident-free.
If you’re interested in jet ski insurance from Nationwide, you can start a quote online or speak to an agent by phone.
Best for Rental Agencies : Global Marine Insurance Agency
Why We Chose It: Global Marine Insurance Agency is a reputable company providing rental agencies with a choice of customizable insurance policies from multiple insurers.
Policies underwritten by insurers with A or A+ ratings from AM Best
Customizable policies to meet the unique needs of each business
Instant online quotes not always available
For the jet ski insurance providers we evaluated that specialize in providing policies to rental agencies, Global Marine Insurance Agency has the best reputation. And because they work with several insurers, they can customize a policy that suits the needs of each business. Specialized coverages like Premises Liability that make sense for businesses can be added to a commercial policy offered by Global Marine.
Founded in 1989, Global Marine Insurance Agency works with insurers like Chubb and GEICO to offer customized PWC insurance to jet ski rental agencies, marinas, and yacht clubs. The company has a good reputation and favorable customer service reviews. You can start a quote online and Global Marine will deliver multiple options from different insurance providers so you can find a premium and coverage that works for your business.
Global’s watercraft business owner policy can help protect against customer lawsuits, costs incurred by the customer or employee negligence, as well as replacement expenses from adverse weather.
Best Value : Progressive
Why We Chose It: Progressive jet ski policies start at a competitive $100 annually and offer plenty of payment, safety, and payment discounts, making it our choice as the best value.
A+ financial strength rating from AM Best
Great bundling, safety, and payment discounts
Policies starting at $100/year
Higher than average number of complaints with the NAIC
Progressive has been around since 1937 and offers vehicle, property, and life insurance with great bundling discounts for full and prompt payment and completing safety courses. Although the company has an A+ financial strength rating from AM Best, customer service reviews are mixed with a high number of complaints with the NAIC.
Progressive’s jet ski insurance premiums start at $100 annually, and you can get a quote online or over the phone with an agent. You can also file a claim and manage your policy entirely online. Customizable coverage is available and you can choose high limits for medical payments, get the replacement cost for personal items, and add roadside assistance or total loss coverage.
Best for Discounts : Markel
Why We Chose It: Markel is a reputable insurance provider that offers discounts on jet ski insurance up to 35%, securing its spot as the best for discounts.
Multiple discounts available
Few complaints with the NAIC
Online quotes and claims management
Customer service reviews are difficult to find
Founded in 1930, Markel offers insurance for motorcycles, bicycles, atvs, events and certain types of properties, and equine and farm insurance. While you won’t be able to get a bundling discount from Markel, they offer several other attractive discounts. You can get a discount if you insure more than one personal watercraft (boat or jet ski), if you have five or more years of boating experience, or if you are age 40 or older. Markel also offers diminishing deductibles that knock 25% off your deductible for each year you remain accident-free.
Markel has an A financial strength rating from AM Best and a low number of complaints with the NAIC. Customizable coverage is available and premiums start at $100 per year. You can get an instant online quote or call to speak to an agent by phone. You’ll also be able to file a claim and pay your bill online.
The best PWC insurance will depend on your coverage needs and where you ride your jet ski, so it’s important to compare quotes from multiple insurers. Since all of the companies we chose are reputable and offer customizable coverage, getting quotes from these companies is a great place to start.
Of all the companies we evaluated, SkiSafe stood out to us because of its low premiums, strong underwriting, and variety of coverage options and discounts.
Best Jet Ski Insurance Companies
|Insurer||AM Best Rating||Discounts||Features|
|A+||Clean driving record, navigable waters, winter storage, multi-craft, online application||Great value and a variety of discounts and coverage options|
Best for Bundling
|A+||Multi-policy, safety course||Great bundling discounts available|
|Global Marine Insurance Agency
Best for Rental Agencies
|A to A+||Varies by insurer||Specializes in providing insurance to rental agencies|
|A+||Multi-policy, responsible driver, transfer from another company, payment discounts, safety course discounts||Affordable policies starting at $100 annually|
Best for Discounts
|A||Multi-craft, experienced driver, mature driver, diminishing deductibles||Discounts can save you up to 35% on your premiums|
Frequently Asked Questions
What Is Jet Ski Insurance?
Jet ski or PWC insurance protects you from financial losses due to theft, damage, or injuries in an accident. Jet ski insurance may cover physical damage to the vehicle, medical expenses for the driver or another party in an accident, towing and roadside assistance, damages or injuries caused by an uninsured driver, and more.
Is Jet Ski Insurance Required?
If you dock your jet ski in a marina, you may be required to carry PWC insurance. Some states also require liability insurance if you own and operate a jet ski. Even if you aren’t required to carry insurance for your jet ski, it’s extremely wise to purchase at least a liability policy. If you don’t, you could be on the hook for injuries and damages you cause to another driver or someone’s property, which could destroy your finances.
How Much Does Jet Ski Insurance Cost?
Competitively-priced PWC insurance plans commonly start at $100 per year but may go up to $500 per year depending on the type of coverage you choose. The lowest starting price we could find was $85 annually from SkiSafe. Your premium will also vary based on several factors, including your driving history, boating experience, and docking location.
What Does Jet Ski Insurance Cover?
Depending on the policy you choose, jet ski insurance can cover the following:
- Property damage to another PWC or dock
- Injuries or death to another person in an accident you cause
- An accident caused by another driver borrowing your PWC
- Physical damage to your PWC, even if it’s due to your negligence
- Your medical expenses from an accident
- Damages or injuries caused by an uninsured driver
- Towing assistance
How We Chose the Best Jet Ski Insurance
We evaluated a dozen insurance providers based on financial strength, customer service reputation, coverage offerings, discounts, and other policy features to choose five companies that stood out from the pack.
All of our top picks have great financial strength ratings and provide at least two discount offerings to make premiums more affordable.