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Progressive Boat Insurance Review

Rating: 9.7 / 10 (Excellent)
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Founded in 1937 and headquartered in Ohio, Progressive is one of the largest insurers in the United States. Although car insurance is its most popular product, Progressive also offers comprehensive boat insurance policies and facilitates homeowners insurance, renters insurance, and travel insurance through third-party affiliates.

How is Progressive rated?


Coverage & Benefits
Customer Experience
Financial Strength & Reputation

Overall Rating: 9.7 / 10 (Excellent)

Progressive has one of the most comprehensive boat insurance policies in the market, with many options and coverages to choose from, which consumers can customize to fit their exact needs. A large number of vessels are eligible for coverage, and the company has many discount programs available, which can help reduce the cost of insurance premiums. The quote tool is easy to use and detailed, resulting in a better quote. Unfortunately, the company has poor customer reviews, though none that we could see dealt directly with Progressive's boat insurance.

Progressive Coverage & Benefits

Coverage & Benefits - 10 / 10

Progressive offers boat insurance policies for all types of boats. By filling out a quote form with information on your boat, you are able to receive quotes for three insurance coverages: Basic, Choice, and Plus. The Basic coverage is a liability-only policy, while Choice and Plus include medical payments, comprehensive and collision, among other coverages. Progressive does place limitations on the size and value of the boats it insures: boats over $350,000 and 50 feet long are not covered. Several discounts are available, like safe driving discounts, multi-policy and multi-boat discounts, and a full pay discount.
Policy Type
Agreed Value
Actual Cash Value
Bodily Injury Liability
Property Damage Liability
Medical Payments
Uninsured/Underinsured Boater
Additional Boat Equipment
Boat Trailer
Type of Boat
Personal Watercraft
House Boat
Pontoon Boat
Leisure Boat
Maximum Boat Value
Maximum Boat Length
50 feet
Maximum PWC Value
Add-On Coverages
Total Loss Replacement
On-Water Towing
Diminishing Deductible
Homeowners Insurance
Boat Education Course
Automatic Payments
Good Boating
Wreckage Removal
Roadside Assistance
Fuel-Spill Liability
Boat Towing
Accident Forgiveness
Exclusions & Limitations
Progressive does not insure: Boats over 50 feet in length or worth more than $350k in value; boats 11-20 years old can be insured for up to $250k; boats more than 20 years old can be insured for up to $40k (note: that in some hurricane-prone states, the limits can be 35 feet and $175,000 in value); PWCs worth more than $27,000; boats with max speed exceeding 75 mph (or bass boats up to 90 mph); boats that do not meet published U.S. Coast Guard standards; boats used as a primary residence (Live Aboards); all amphibious land boats, hovercraft or airboats; homemade boats without a serial number; houseboats that do not have motors; boats with more than two owners; steel or wood hulls.

Progressive Customer Experience

Customer Experience - 9 / 10

Progressive lets consumers get a full quote by answering a few short questions about themselves and their boat, including the boat features and value. The quote displays three automatic quote levels, but the coverages can be customized to fit consumers' needs. Progressive representatives are available by phone, email, and live chat. The company also has a mobile app that lets customers file and follow-up on claims and pay premium bills.
Online Quotes
Live Chat
Online Account
Additional Resources
Mobile App

Progressive Financial Strength & Reputation

Financial Strength & Reputation - 10 / 10

Progressive was established in 1937. It has ratings from the major credit rating agencies, all of which indicate its financial outlook is currently stable. As for its reputation among its customers, it has an A- rating with the BBB which has been downgraded because the company has failed to respond to some customer complaints. Most of the customer reviews posted on this site are negative, with complaints of unsatisfactory customer service. The story is much the same on Trustpilot, where customers have rated the company 4.7 out of 10. However, we could find no reviews that directly addressed the company's boat insurance policy.
Company Type
Year Founded
NAIC Direct Premiums Earned (2017)
AM Best Financial Rating
Standard & Poor's Financial Rating
Moody's Financial Rating
BBB Rating
Number of BBB Positive Reviews
Number of BBB Negative Reviews
Trust Pilot Rating
4.7 out of 10
Date Collected

Company Profile

Full Name
Progressive Boat Insurance
Company Website
6300 Wilson Mills Rd., Mayfield Village, OH, 44143

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Top Rated
9.7 / 10
  • Rated AA (very strong) by Standard & Poor's
  • Insures boats of up to $350,000 and personal watercraft of up to $27,000
  • Receive premium discounts for taking a boat safety course
  • Accident forgiveness benefit included
  • Customize your coverages with the simple quote tool