Boat & Personal Watercraft Insurance Discounts

Great customized boat coverage doesn’t have to cost an arm and a leg. Earn discounts and save on Boat insurance.

Explore boat insurance discounts

Boat Insurance Discounts*



Multi-policy discount

Save when you insure your big investments, and your boat, with Farmers. If you have a Boat insurance policy, and any one or more other Farmers insurance policy (Home, Auto, Specialty, or Life) you can earn a Multi-Policy discount. The more policies you have, the more you can save!

Multi-unit discount

Insure more than one watercraft on the same Boat insurance policy, and you could earn this Multi-Unit discount.

Boating safety course / license discount

Safety always comes first. So if you’ve completed an approved boating safety course and/or carry an approved marine license, you can earn an additional discount.

Protective device discount

Protect your watercraft, and Farmers can discount your policy. Watercraft with any of the following protective devices may qualify:

  • Automatic fire extinguisher equipment
  • Alarm system (high water, fire, etc.)
  • Dock assist system
  • PWC braking system
  • Central station monitoring system
  • No strike lightning system
  • Theft recovery system
  • NMMA certification

The more protection measures you take, the more you can save!

Lay-up discount

Do you lay up your watercraft for at least 3 months each year? You could earn a discount based on how long you plan to lay up your boat.

Paid in full discount

Pay your entire term premium in one lump sum, and earn this additional discount.

Loss-free discount

Earn another discount when you go without filing a claim over a three year period.

Insured age 55+ discount

Is the primary insured person on your policy 55 or older? You could save with this rate discount.

Prior insurance/transfer discount

Save even more money if you’ve had watercraft insurance for the prior year.

Talk to a Farmers agent today and get a Boat insurance quote to see which discounts you could earn.

*Not all products and discounts are available in every state.

This brief summary is not a policy document. Please read the actual policy documents for your state for important details on coverages, exclusions, limits, conditions and terms. If there is any conflict between this summary and the policy documents, the policy documents will control. Not all products and discounts are available in every state.