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Speed Boat Insurance – Compare Cheap Quotes

Since the UK’s waterway authorities impose strict speed limits on rivers and canals most UK-based speed boat owners use their boats on the sea to whizz around the UK’s coastal waters.

While that does mean speed boats are a little more limited than some other types of vessels, it also means speed boat insurance usually isn’t mandatory, because boat insurance is usually only essential when you take your craft out onto inland waterways.

Of course, while it might not be mandatory, speed boat insurance is still a wise investment, particularly if your boat is worth tens of thousands of pounds.

Are speed boats banned on UK rivers?

Most UK rivers have relatively low speed limits, which means speed boats aren’t likely to be a suitable type of watercraft to use there.

In most cases the maximum speed limit on a river is 6mph, whereas speed boats can usually reach speeds of 70mph or 80pmh.

Why should I take out speed boat insurance if it isn’t mandatory?

Although speed boat insurance likely isn’t mandatory if you only use it at sea, it’s still a sensible investment because this type of insurance policy can help cover the cost if you crash into another vessel or damage someone’s property.

In addition, many speed boats are worth tens of thousands of pounds, and if you opt for a speed boat insurance policy that is more comprehensive than a basic third party only boat insurance policy then you’ll usually be covered for any damage your own boat sustains as well.

What’s the minimum level of insurance cover I need for my speed boat?

If you do decide to insure your speed boat third party only insurance will be the minimum level of cover you can take out. In most cases this type of policy will provide you with up to £1 million of third party cover.

How much does speed boat insurance cost?

It’s difficult to predict how much you’re likely to have to pay to insure your speed boat, because boat insurance companies take a wide range of risk factors into consideration when they are calculating the premium. For instance, the type of speed boat you own, its estimated market value, its make and model, the year it was built, the type of engine it has, where you store or moor it and where you normally sail it can all affect the cost of insuring a speed boat.

The best plan is to use our price comparison service to compare boat insurance quotes from a range of different insurance companies, and then go with the one that offers the best coverage at the best price.

My speed boat has a cuddy – will speed boat insurance cover the contents?

That depends on the type of speed boat insurance policy you take out.

As the name suggests, third party speed boat insurance is designed to protect third parties when you take to the water, and as such it usually won’t pay out for damage to your own vessel or theft of any contents from your boat’s cuddy.

Some more comprehensive speed boat insurance policies might include contents cover as standard, but it’s also possible to add this type of your cover to a more basic boat insurance policy for a small fee.