Boat Insurance in Australia
Owning a boat in Australia is all about freedom — cruising the coastline, fishing with mates, or spending weekends exploring the waterways. But just like a car, a boat comes with risks. Whether you're out on a calm bay or dealing with unexpected weather, boat insurance helps protect your investment. In this guide, we’ll break down everything you need to know about boat insurance in Australia, including how it works, what it covers, and how much it might cost to insure your boat or jet ski. If you're looking for the best boat insurance, you're in the right place.
Why Boat Insurance Matters in Australia?
Australians enjoy one of the most boat-friendly lifestyles in the world. But with that comes responsibility.
Boats are exposed to risks like:
- Collisions on the water
- Damage during transit or storage
- Theft of the boat or gear
- Fire, storm or accidental damage
- Liability if you injure someone or damage property
That’s where boat insurance comes in. It helps cover repair costs, replacements, and third-party liability — so you’re not out of pocket if something goes wrong.
How Much Does Boat Insurance Cost?
If you're wondering how much to insure a boat, the answer depends on a few key factors:
- Type and value of the boat
- Size, make and age
- Where it’s kept (on trailer, marina, mooring)
- How often and where it’s used
- Your boating experience and claims history
For example, a newer fibreglass runabout stored in a secure marina will generally cost less to insure than a high-powered performance vessel used frequently in open waters. While boat insurance cost can vary widely, many policies start from a few hundred dollars per year for trailerable boats and personal watercraft, and can increase depending on vessel value and risk factors. Want a precise figure? Get a boat insurance quote
Types of Boats We Cover:
At New Wave Marine, we provide cover for a wide range of private and recreational boats across Australia, including:
- Runabouts
- Powerboats
- Sailing boats (yachts, catamarans, trailer sailers, trimarans)
- Jet skis and personal watercraft
- Timber and high-performance boats & more..
What’s Typically Included in Boat Insurance?
When choosing the best boat insurance, it’s important to look beyond price and consider what’s actually covered.
Our policies can include:
- Accidental damage to the boat
- Theft of the boat, motor or trailer
- Fire, storm and flood cover
- Vandalism or malicious damage
- Legal liability for injury or property damage
- Emergency assistance and salvage
- Cover while trailering or transporting your boat
Optional extras may include personal belongings and equipment such as fishing gear, safety equipment, and watersports accessories.
Australian Boat Insurance You Can Trust
New Wave Marine is an Australian local business backed by marine insurance experts — so you get real support from people who understand boats, not generic call centres.
Why Choose New Wave Marine?
✅ Easy & quick online quotes (90 seconds)
✅ Fast and easy claim process
✅ Trusted by the industry — with a strong industry reputation
✅ Australian-Owned — we know local conditions and waterways
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