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Boat Insurance Georgia


Complete Coverage for Lake Lanier, Allatoona & Oconee Boaters


Boat insurance in Georgia costs $300–$1,500/year depending on boat value, type, and usage. For a $50,000, boat on Lake Lanier, expect to pay $500–$800/year for comprehensive coverage including agreed value, liability, on-water towing, and personal property.

If you're a Johns Creek, Alpharetta, Milton, or Duluth family who enjoys boating on Lake Lanier, Allatoona, or Oconee, Concierge Insurance Group,, provides boat insurance that protects your investment and offers liability coverage for accidents—essential for financially responsible families.

Your boat is a significant investment ($30,000–$100,000+ for most North Atlanta families). One accident, one storm, one theft could cost you everything without proper insurance.

The Hidden Danger: Your Homeowners Insurance Won't Cover Your Boat

What Most Boat Owners Don’t Realize

Your homeowners' insurance provides very limited coverage for boats — typically $1,000–$5,000 maximum. That’s not nearly enough to replace your $50,000 boat or cover liability while you’re out on the water.

Low Coverage Limits

Most homeowner's policies only cover $1,000–$5,000 for boats—far below the cost of repair or replacement.

No Liability Coverage

If someone is injured while on your boat—or you damage another vessel—you’re not covered under homeowners insurance.

No On-Water Coverage

Home policies exclude accidents that happen while boating—meaning storm, theft, and collision damages aren’t covered.

The result? Your $60,000 boat could be destroyed in a storm, and your homeowners' insurance might only pay $5,000—leaving you to cover the rest out of pocket.

What You Risk Without Boat Insurance

Real scenario from Lake Lanier: A Johns Creek family owned a beautiful $65,000 boat. When a severe storm swept through Lake Lanier, the vessel was destroyed and sank to the bottom. They assumed their homeowners' insurance would take care of it—but soon learned that coverage for boats was severely limited.

What Their Homeowners' Insurance Covered

Only $5,000 — the maximum coverage limit for boats under their policy.

What They Still Owed

$60,000 out of pocket to replace their boat and recover the loss.

Their Only Options

  • Take out a $60,000 personal loan — going deeper into debt
  • Walk away from their $65,000 investment
  • Dip into emergency or retirement savings

In the end, the family chose the last option. They liquidated $60,000 from their retirement accounts, paid taxes and penalties, and set their retirement plans back by several years—all for a loss that could’ve been fully covered by a boat insurance policy costing around $600 per year.

What They Ultimately Lost:

  • Their $65,000 boat investment
  • Over $60,000 in retirement savings
  • Years of compound growth on those funds
  • Their long-term financial peace of mind

A simple, affordable boat insurance policy could have protected their finances—and their future—from this devastating loss.

What Is Boat Insurance and How Much Does It Cost?

Boat insurance provides comprehensive protection for your boat, covering physical damage, liability, on-water towing, and personal property. For most Georgia boat owners, coverage ensures peace of mind every time you head out on Lake Lanier, Allatoona, or Oconee.

What Boat Insurance Typically Covers

Physical Damage

Covers collision, sinking, fire, theft, vandalism, and storm damage.

Liability Coverage

Protects you if you cause bodily injury or property damage to others.

Medical Payments

Covers medical expenses for you and your passengers after an accident.

On-Water Towing

Includes towing and emergency assistance while on the water.

Personal Property

Covers items like fishing gear, water skis, and life jackets.

Trailer Coverage

Protects your boat trailer against theft, damage, or accidents.

Fuel Spill Liability

Helps pay for cleanup and environmental costs from accidental spills.

Uninsured Boater

Covers injuries or damage caused by uninsured or hit-and-run boaters.

In Georgia, boat insurance typically costs between $300 and $800 per year depending on the boat’s value, type, and how often it’s used. Larger or high-performance boats may cost more to insure, but the protection it provides far outweighs the risk of going without it.

How Much Does Boat Insurance Cost in Georgia?

Typical annual premiums for boaters on Lake Lanier, Allatoona, and Oconee vary based on your boat’s value, type, and coverage options.

Boat Value Boat Type Annual Premium Monthly Cost
$25,000 Fishing Boat $300 – $600 $25 – $50
$40,000 Pontoon Boat $400 – $800 $33 – $66
$60,000 Bowrider $600 – $900 $50 – $75
$80,000 Deck Boat $800 – $1,200 $66 – $100
$120,000 Cabin Cruiser $1,000 – $1,500 $83 – $125
$200,000+ Yacht $1,500 – $3,000+ $125 – $250+

Example: Johns Creek Family (Lake Lanier)

  • Sea Ray Sundeck ($75,000)
  • Agreed Value Coverage
  • $300,000 Liability Limit
  • On-Water Towing Included
  • Personal Property ($5,000)
  • Total: $850/year ($70/month)

Factors That Increase Cost

  • Higher boat value
  • High-performance boats (speed boats, jet skis)
  • Older boats (15+ years)
  • Poor boating safety record
  • Low deductibles
  • Financed boats (lender requirements)
  • Year-round coverage (vs. seasonal)

Factors That Decrease Cost

  • Boating safety course (5–10% discount)
  • Multi-policy discount (bundle with home/auto = 10–15% off)
  • Agreed value vs. actual cash value
  • Higher deductibles ($1,000 vs. $500)
  • Safety equipment (fire extinguishers, life jackets, GPS)
  • Experienced boaters (10+ years)
  • Seasonal coverage (April–October)

Who Needs Boat Insurance in Georgia?

Not sure if you need boat insurance? Use this quick self-assessment checklist to find out if it’s essential for you and your family.

You Need Boat Insurance If You...

  • ☐ Own a boat worth $25,000 or more — homeowners insurance won’t cover it adequately
  • ☐ Have a loan on your boat — lenders typically require boat insurance
  • ☐ Boat on Lake Lanier, Allatoona, or Oconee — high-traffic lakes increase accident risk
  • ☐ Have a family who boats with you — liability coverage protects your assets if someone is injured
  • ☐ Own a high-performance boat — speed boats, jet skis, and wake boats carry higher risk
  • ☐ Have a net worth over $250,000 — liability coverage protects your wealth
  • ☐ Follow Dave Ramsey’s principles — adequate insurance protects your financial foundation
  • ☐ Want peace of mind — know your investment is protected

If you checked two or more boxes, boat insurance is essential.

Lake Lanier Boaters (Johns Creek, Alpharetta, Cumming)

Why Lake Lanier boaters need insurance:

  • High-traffic lake — 11+ million visitors/year, high accident risk
  • Expensive boats — average value $60,000–$100,000
  • Year-round boating — mild Georgia climate
  • Affluent families — significant assets to protect
  • Family boating — kids, friends, and guests increase liability exposure

Typical Lake Lanier family:

  • Johns Creek or Alpharetta residents
  • $75,000–$100,000 boat
  • Weekend boating with family
  • Net worth: $1M+
  • Recommended coverage: Agreed value + $300k–$500k liability
  • Typical cost: $700–$1,200/year

Lake Allatoona Boaters (Acworth, Cartersville)

Why Lake Allatoona boaters need insurance:

  • Popular recreational lake with heavy boating activity
  • Diverse boat types — fishing, pontoon, and speed boats
  • Family-friendly — lots of kids and guests onboard
  • Affordable boating — more accessible than Lanier

Typical Lake Allatoona family:

  • $40,000–$70,000 boat
  • Fishing and recreational boating
  • Recommended coverage: Agreed value + $300k liability
  • Typical cost: $400–$800/year

Lake Oconee Boaters (Greensboro, Eatonton)

Why Lake Oconee boaters need insurance:

  • Luxury lake with high-end homes and boats
  • Expensive boats — $100,000–$500,000+ common
  • Affluent residents with significant assets
  • Vacation homes — weekend and seasonal boating

Typical Lake Oconee family:

  • $150,000–$400,000 boat
  • Luxury cabin cruiser or yacht
  • Recommended coverage: Agreed value + $500k–$1M liability
  • Typical cost: $1,200–$3,000/year

What Happens Without Boat Insurance (Real Scenarios)

⚠️ Problem #1: Homeowners Insurance Won’t Cover Your Boat

Standard homeowners insurance typically covers boats up to $1,000–$2,000 maximum — far less than your boat’s true value.

Example: Lake Lanier Storm
A severe storm hit Lake Lanier. Your $40,000 boat broke loose, crashed into rocks, and sank — a total loss.

Your Homeowners Insurance:
• Boat coverage limit: $2,000
• Paid: $2,000
• You owe: $38,000
With Boat Insurance:
• Agreed value coverage: $40,000
• Paid: $40,000
• You owe: $0 (except deductible)

Cost of boat insurance: $400/year
What you lost without it: $38,000

⚠️ Problem #2: No Liability Coverage for Boating Accidents

If you injure someone while boating, your homeowners policy likely won’t cover it.

Example: Lake Lanier Tubing Accident
You’re pulling your daughter’s friend on a tube. She’s struck by another boat and seriously injured.

The Lawsuit:
• Medical bills: $120,000
• Lost wages: $40,000
• Pain & suffering: $40,000
Total: $200,000

Your homeowners insurance:
• May not cover boating accidents
• Liability limit: $25,000–$50,000
• You may owe: $150,000+

With boat insurance:
• Liability coverage: $300,000
• Umbrella coverage: $1M–$2M
• You owe: $0

⚠️ Problem #3: No On-Water Towing or Assistance

Without boat insurance, you’ll pay out of pocket for towing or mechanical help on the water.

Example: Engine Failure on Lake Lanier
Your engine fails mid-lake — you need a tow back to the marina.

Cost without insurance:
• $300–$600 per incident
• $1,000+ after hours

With boat insurance:
• On-water towing included
• Cost: $0

Over 10 years of boating, you’ll likely need towing 2–3 times.
Total without insurance: $1,000–$2,000
Total with insurance: $0

⚠️ Problem #4: Theft or Vandalism Not Covered

Without comprehensive coverage, theft or vandalism becomes a full financial loss.

Example: Boat Trailer Stolen
Your boat and trailer are stolen from your driveway overnight.

• Boat value: $25,000
• Trailer value: $2,000
Total loss: $27,000

Your homeowners insurance:
• Limited to $1,000–$2,000 for boats
• Paid: $2,000
• You owe: $25,000

With boat insurance:
• Comprehensive coverage (theft/vandalism)
• Paid: $27,000
• You owe: $0 (except deductible)

Agreed Value vs. Actual Cash Value: Which Should You Choose?

💰 Actual Cash Value (ACV)

What it is: Your boat’s depreciated value at the time of loss.

Example:
• Purchase price: $50,000
• Current age: 6 years
• Depreciation: 25%
• Actual cash value: $37,500

If your boat is totaled:
• Insurance pays: $37,500
• You owe: $12,500 to replace with equivalent boat

Cost: Lower premiums
(10–20% less than Agreed Value)

🚤 Agreed Value

What it is: You and your insurer agree on the boat’s value upfront. If totaled, you receive that amount — no depreciation.

Example:
• Purchase price: $50,000
• Agreed value: $50,000
• Current age: 6 years

If your boat is totaled:
• Insurance pays: $50,000
• You owe: $0

Cost: Higher premiums
(10–20% more than Actual Cash Value)

Which Should You Choose?

✅ Choose Agreed Value if:

  • Your boat is worth $25,000+
  • Your boat is well-maintained and in excellent condition
  • You want guaranteed replacement value
  • You follow Dave Ramsey’s principles (adequate coverage)

💡 Choose Actual Cash Value if:

  • Your boat is older (10+ years)
  • Your boat is lower value ($5,000–$15,000)
  • You’re comfortable with depreciation risk
  • You want lower premiums

For most North Atlanta families with $25,000+ boats, Agreed Value coverage offers the best protection — guaranteeing your investment’s full value and providing financial peace of mind.

Best Boat Insurance Carriers for Georgia Boaters

We work with the best carriers for Lake Lanier, Allatoona, and Oconee boaters:

Progressive

Best for: Most boat types, competitive pricing

Strengths:

  • ✓ Agreed value coverage
  • ✓ On-water towing included
  • ✓ Personal property coverage
  • ✓ Multi-policy discount (bundle with auto/home)
  • ✓ Easy online management

Typical cost: $400—$1,000/year

Best for: Fishing boats, pontoons, bowriders

Safeco

Best for: Comprehensive coverage, great service

Strengths:

  • ✓ Agreed value coverage
  • ✓ High liability limits available
  • ✓ Excellent claims service
  • ✓ Multi-policy discount
  • ✓ Boating safety course discount

Typical cost: $450—$1,100/year

Best for: Deck boats, cabin cruisers

Travelers

Best for: High-value boats, luxury coverage

Strengths:

  • ✓ Agreed value coverage
  • ✓ Worldwide coverage
  • ✓ High personal property limits
  • ✓ Concierge claims service
  • ✓ Bundle with home and auto

Typical cost: $600—$1,500/year

Best for: Luxury boats, yachts

Nationwide

Best for: Multi-policy discounts

Strengths:

  • ✓ Agreed value coverage
  • ✓ Strong multi-policy discounts (up to %)
  • ✓ On-water towing
  • ✓ Personal property coverage
  • ✓ Easy bundling

Typical cost: $400—$1,000/year

Best for: Families who bundle with home/auto

BoatUS

Best for: Boating enthusiasts, specialized coverage

Strengths:

  • ✓ Agreed value coverage
  • ✓ Specialized boat insurance
  • ✓ On-water towing (TowBoatUS)
  • ✓ Salvage coverage
  • ✓ Fishing tournament coverage

Typical cost: $450—$1,200/year

Best for: Serious boaters, fishing enthusiasts

Why We Compare All Carriers

As an independent agency, we compare all carriers to find you the best coverage at the best price.

  • ✓ We are not tied to one insurance company
  • ✓ We match coverage to your boat type & usage
  • ✓ We help you maximize discounts
  • ✓ We guide you through claims if needed

You get the best policy — not just the only option.

Why Lake Lanier Boaters Trust Concierge Insurance Group

We're Ramsey Trusted

We've been personally vetted by Dave Ramsey's team and meet his high standards for:

  • Expertise and professionalism
  • Integrity and transparency
  • Customer service excellence
  • Long-term relationship focus

Dave Ramsey’s principle: Adequate coverage protects your financial foundation. If you own a boat worth $50,000+, you need boat insurance.
We help you get it right.

We're Independent (We Work for You)

As an independent insurance agency, we work with multiple carriers—not just one company.

  • We compare Progressive, Safeco, Travelers, Nationwide, and BoatUS
  • We find the best coverage for your specific boat
  • We get you competitive pricing
  • We handle all the paperwork for you
  • One agent, multiple options

We Serve North Atlanta Boaters

Our team specializes in helping North Atlanta families protect what matters most on the water:

  • Lake Lanier boaters (Johns Creek, Alpharetta, Cumming)
  • Lake Allatoona boaters
  • Lake Oconee boaters
  • Financially responsible families
  • Dave Ramsey followers

Our Simple 3-Step Process to Boat Insurance

Step 1: Free Boat Insurance Quote

Get a free, no-obligation quote to start your coverage process easily.

What we need:

  • Boat year, make, model
  • Boat value
  • Where you boat (Lake Lanier, Allatoona, Oconee)
  • How you use your boat (recreational, fishing, watersports)

We’ll provide:

  • Quotes from multiple carriers
  • Agreed value vs. actual cash value comparison
  • Coverage recommendations
  • Multi-policy discount analysis

Step 2: Customized Recommendations

We’ll show you coverage options from multiple carriers so you can make a confident choice.

  • Exactly what you’re getting
  • Agreed value vs. actual cash value
  • Liability limits you need
  • Transparent pricing for every policy
  • How to bundle with home and auto (save 10–20%)

Transparent pricing. No surprises — only clarity and value.

Step 3: Complete Protection & Peace of Mind

Once you’re covered, you can enjoy boating knowing your investment is protected for the long haul.

  • We’re here whenever you need us
  • We handle claims quickly and efficiently
  • We review your coverage annually
  • We adjust coverage as your boat value changes

Ongoing support. Lifelong protection — that’s our promise.

Frequently Asked Questions: Boat Insurance

How much does boat insurance cost in Georgia?

Boat insurance in Georgia costs $200–$1,000 per year, depending on your boat’s value, type, and how you use it.

  • $25,000 fishing boat: $200–$350/year
  • $50,000 bowrider: $400–$650/year
  • $100,000 cabin cruiser: $800–$1,000/year

Does my homeowners insurance cover my boat?

Only partially. Homeowners insurance usually covers boats up to $1,000–$2,000, which isn’t enough for most vessels.

If your boat is worth more than $5,000, you’ll need separate boat insurance to be properly protected.

Do I need boat insurance if I don't have a loan?

Boat insurance isn’t required by law in Georgia, but it’s highly recommended if your boat is valuable or frequently used.

  • Homeowners coverage is limited ($1,000–$2,000 max)
  • No liability coverage for accidents on the water
  • No towing or salvage protection

What's the difference between agreed value and actual cash value?

  • Agreed Value: Pays the full insured amount with no depreciation.
  • Actual Cash Value: Pays the depreciated value based on age and wear.

For boats worth $25,000 or more, agreed value is strongly recommended.

Does boat insurance cover my boat trailer?

Yes, most boat insurance policies include trailer coverage for damage or theft while towing or storing.

Should I bundle boat insurance with home and auto?

Absolutely. Bundling can save you 10–20% and ensures all your policies work together for full protection.

Protect Your Boat Investment Today

📋 Get Your Free Boat Insurance Quote
Protect your Lake Lanier, Allatoona, or Oconee boat.

What you'll get:

  • ✓ Quotes from Progressive, Safeco, Travelers, Nationwide, BoatUS
  • ✓ Agreed value vs. actual cash value comparison
  • ✓ Personalized coverage recommendations
  • ✓ Multi-policy discount analysis
  • ✓ No obligation — just education

📞 Talk to a Boat Insurance Specialist

Call: (678) 822-0950

Email: info [at] conciergeinsurancegroup [dot] com

We proudly serve boaters in:
Johns Creek • Alpharetta • Milton • Duluth • Cumming • Lake Lanier • Lake Allatoona • Lake Oconee

Office: 1234 Satellite Blvd, Duluth, GA