Boat and yacht insurance discounts

Travelers now offers the first insurance discount for hybrid boats and yachts!

Boat Yacht Insurance

Photo courtesy of Frauscher Shipyard

Travelers has delivered another industry-first. You've heard the recent announcement of our Electric Boat Discount, we're now pleased to unveil our new discount* on Hybrid Boat and Yacht Insurance.

At Travelers, we're as innovative as the state-of-the-art technology that's being developed in the marine industry. Our new hybrid boat premium discount is another way that we stay in-synch with all of our customers' needs.

What is a hybrid boat?

Travelers defines a hybrid boat as one that is specifically designed to reduce green house gas emissions and conserve fossil fuels, as compared to an internal combustion engine boat.

A hybrid boat also utilizes an integrated propulsion system that incorporates in its original design, both an internal combustion engine (ICE) and an electric motor.

About the hybrid boat discount:

The new hybrid boat insurance discount recognizes and rewards hybrid boat owners by offering up to a 10 percent discount off their boat insurance premium for hull and liability coverages.

  • The discount applies to hybrid boat and yachts
  • Available for both new and existing Travelers boat and yacht insurance customers.

Travelers electric boat discount

Travelers Insurance Discount for Electric Boats

Did you know?

Travelers is proud to be the first insurance carrier to offer a 10% discount* on boat insurance policies for electric boats

  • Electric boats are run by motors, not engines. This means they emit no combustion into the air.
  • Electric boats are more efficient, breakdown less and require less maintenance.
  • Standard top speed of 5-9 knots.
  • Current electric boat vessels include pontoon, deck boats, and small fishing vessels.

Why is Travelers offering an Electric Boat Discount?

As habits are changing and more people are using electric boats, Travelers is ready to offer the innovative insurance solution that fits the evolving lifestyle of our customers.

With environmental concerns and escalating fuel costs top of mind for today's boater, the market for electric boats - and the number of electric-only lakes - is increasing. Our new electric boat insurance discount can help you to save on your annual insurance costs for your boat.

The electric boat discount:

The new electric boat discount recognizes and rewards electric boat owners by offering 10 percent off their boat insurance policy.

  • Available for both new business and existing Travelers boat insurance customers. For existing customers, the discount is automatically added at renewal once the discount is available in their state.

Click here to find a local independent insurance agent to help you learn more about Travelers Boat and Yacht products.

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*A discount of up to 10% applies only to certain coverages. The discount may not be available in all states and is subject to individual eligibility.

The information on this site is general in nature. Any description of coverage is necessarily simplified. Whether a particular loss is covered depends on the specific facts and the provisions, exclusions and limits of the actual policy. Nothing on this site alters the terms or conditions of any of our policies. You should read the policy for a complete description of coverage. Coverage options, limits, discounts and deductibles are subject to availability and to individuals meeting our underwriting criteria. Not all features available in all areas.

Insurance is underwritten by The Travelers Indemnity Company and its property casualty affiliates, One Tower Square, Hartford, CT. For a complete list of personal insurance underwriting companies, click here.