Mississippi Boat Insurance

Get a complete analysis of Mississippi boat insurance costs, coverages & companies.

Written by

Christine Lacagnina

Updated April 21, 2026

Woman watches the setting summer sun from a dock on a river. Find Mississippi Boat Insurance.

Find the Best Boat Insurance Rates & Companies in Mississippi

Whether spending the day on Grenada Lake in your bass boat or using your speedboat with friends on Sardis Lake, Mississippi is a great place for watercraft lovers. Unfortunately, though, boating collisions, theft, vandalism, and other incidents can occur at any time. That's why having enough boat insurance is crucial.

Luckily, a Mississippi independent insurance agent can help you find all the boat insurance you need. Your agent will tailor a policy to meet your personal preferences. First, though, here's a breakdown of Mississippi boat insurance requirements and more.

Best Boat Insurance Companies in Mississippi

Boat insurance is sold by many insurers in Mississippi. But when you want to find the best boat insurance in Mississippi, knowing where to start looking can save you a lot of time and effort. That's why we've included a few of our top recommendations for you.

Foremost: This insurance company sells boat insurance and many other types of personal insurance products. Foremost has great AM Best and Better Business Bureau ratings and provides 24/7 claims reporting.
Progressive: Progressive sells boat insurance and many other types of personal and business insurance. Progressive has an excellent AM Best rating for financial strength and provides year-round, 24/7/365 customer service.
Travelers: This insurance company sells boat insurance and several other types of personal and business insurance. Travelers has great AM Best and Better Business Bureau ratings and offers many boat insurance discounts.

A Mississippi independent insurance agent can pull several boat insurance quotes for you from these carriers and others in your area.

What Boat Insurance in Mississippi Can Cover

You can customize a boat insurance policy to meet your personal preferences in Mississippi. Here are some of the most common coverages offered by most boat insurance carriers in the state:

Boating liability insurance: This covers expenses related to third-party claims of bodily injury or personal property damage.
Uninsured/underinsured boater insurance: This covers expenses related to property damage and medical treatments in case of a collision with a boater who doesn't carry adequate insurance to reimburse you.
Towing insurance: This covers towing expenses if your boat breaks down on the water due to mechanical failure, etc.
Medical payments insurance: This covers medical treatments for yourself or your passengers after a boating collision, regardless of fault.
Collision insurance: Pays for damage to your boat from a collision with another object, regardless of fault.
Personal effects insurance: This covers expenses related to repairs or replacements for personal items like scuba gear, fishing gear, and water skis, that get damaged, lost, stolen, or destroyed.
Comprehensive insurance: Pays for damage to your boat due to a non-collision event such as a flood or theft.
Fuel spill/wreckage cleanup insurance: This covers wreckage and pollutant clean-up expenses if you cause a collision on the water.
Equipment insurance: This covers expenses related to repairs or replacements for equipment or accessories not originally installed by the manufacturer, such as GPS units, boat hoists, and more, that get damaged, lost, stolen, or destroyed.

A Mississippi independent insurance agent can recommend the exact types of coverage that would work best in your boat insurance policy.

Is Boat Insurance Required in Mississippi?

Mississippi doesn't require boat insurance by law, but it does require boaters to register their vessels annually. Many marinas in the state, however, require watercraft owners to have boat insurance before they're allowed to dock. Also, those who finance their watercraft are often required by their lenders to carry boat insurance first.

Having boat insurance, whether or not it's required, can save you from having to pay possibly hefty expenses yourself. After just one collision or lawsuit, you could be in deep financial trouble without adequate boat insurance. For many boaters, the cost of a policy is well worth it.

What Boat Insurance in Mississippi Will Not Cover

Mississippi boat insurance comes with certain coverage exclusions you need to be aware of. Some common boat insurance exclusions are:

Watercraft damage due to faulty or defective machinery (without the proper endorsement)
Boat trailer damage
Watercraft mold damage
Watercraft damage caused by animals, insects, or marine life
Malicious or intentional acts to third parties or their property
Watercraft wear and tear over time

Review your specific boat insurance policy to become familiar with its coverage exclusions. This can help you understand what exactly you can file claims for through your carrier.

Average Cost of Boat Insurance in Mississippi

In Mississippi, boat insurance can be a bit more expensive than in many other areas. Boat insurance costs an average of $527 per year in Mississippi, but rates can vary based on the following criteria:

Your prior claims
The types and amounts of coverage you select
Your location
Where your watercraft is stored while not in use
The engine size and length of your watercraft
Your personal boating history
Specifics of your watercraft, including its make and model

If you've filed several boat insurance claims in the past, you can expect your current policy's rates to be higher as a result.

What Boat Insurance Discounts Are Available in Mississippi?

Luckily for boaters in Mississippi, there are many boat insurance discounts available to help reduce your rates. Many boat insurance carriers offer the following:

Bundling discounts: Bundling boat insurance with home insurance, auto insurance, or another type of coverage through the same carrier can earn you discounts on each policy.
Boater safety course discounts: Completing a state-approved boater safety course can earn you a boat insurance discount.
Lay-up discounts: Using your boat only during the summer months might earn you a boat insurance discount.
Loyalty discounts: Continuing your coverage with the same boat insurance carrier for a specific number of years can earn you a discount after a while.
Security discounts: Protecting your watercraft against theft, vandalism, etc., with security devices can earn you a discount.
Affiliation discounts: Being affiliated with various groups and organizations can lead to boat insurance discounts.

A Mississippi independent insurance agent can ensure every boat insurance discount you qualify for gets applied to your policy so you can save as much money as possible.