Motor Boat and Speed Boat Insurance

Leave your old insurance in your wake. Try Towergate for motorboat cover on and off the water.

  • The water is your playground but it’s a shared playground so all our policies include public liability
  • Discounts for no claims, RYA course and approved club membership
  • We know the risks and we make sure that your outboard and other equipment are covered against theft provided they are adequately secured

Go full tilt, get a motorboat insurance quote and buy online right away

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Call one of our UK based advisors for further support and advice on insuring your boat

0344 892 1987
0344 892 1987

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Whether you crash over the waves with the loud lever all the way forward or you cruise along at a comfortable speed enjoying the sea air, our motorboat insurance policies include features designed to protect you and your vessel.

Underwater damage cover

Sometimes it’s impossible to see what’s lurking under the surface of the water. With underwater damage cover, you can cover your motor boat against damage caused to the hull and other mechanical parts below the waterline. That means if you accidentally hit a rogue piece of drift wood or you accidentally run aground, you’ll be covered for the cost of the damage. When choosing your level of cover it’s worth noting that with our Silver and Gold boat insurance policies your excess will double in the event of underwater damage but with our Platinum cover it will remain at your set amount.

Personal accident cover

Not all motorboats are built for speed but for those that are, you may want to consider personal accident cover. Even if you’re an experienced motorboat owner, accidents can happen and should you fall overboard or receive a knock to the head for example, our speedboat insurance policy can cover you. Please note however, we cannot offer Personal accident cover to anyone over 76. Note: Always wear a kill cord where there’s potential for you to fall overboard. Not only is this ESSENTIAL for your own safety but it will also make your personal accident cover void if you’re not wearing one.

Liability cover for towing activities

If you or someone you know is an avid water skier, wake boarder or general water sports adrenaline junky, our liability cover for towing activities is advised. This will cover your liability up to £1 million so should you or someone you’re towing get injured, your policy can cover their medical costs. Please be aware that you may only tow two people at any one time for this cover to remain valid.

Theft cover

Our theft cover comes in two forms. Firstly, we can cover theft of the entire boat either on the water or in transit. Secondly, we can cover theft of individual parts or components of the boat such as the outboard motor or GPS. All we ask is that your trailer is secured with wheel clamp or hitch lock.

We like to make it easy for you to choose the right policy for your boat. Compare our levels of cover in a glance using this handy table.

  Bronze Silver Gold Platinum
Third party
No Claim Discount (up to 25%)
Discounts for club membership and relevant qualifications
Discounts available if you have another craft insured with us
Fire, lightning, explosion  
Theft, malicious damage or vandalism  
Weather events  
Freezing of machinery  
Accidental loss or damage    
Personal accident      

These are just some of the key features and exclusions, full details will be found in your policy wording. Show policy documents

Motor Boat and Speed Boat Insurance Claims

We handle all our claims in house. When you need to make a claim, we’ll guide you through the process and get your claim settled as quickly as possible.

Give us a call with the details of your claim, your policy number and some photographic evidence where appropriate.

0344 892 1320

Lines are open Monday to Friday, 9am-5pm

Motor Boat and Speed Boat Insurance Articles & Guides

Tips, advice and points of interest on all things nautical.



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Chartered Yacht


Chartering your boat

Many boat owners choose to charter their craft to help with mooring costs or simply to keep the boat in working order whilst they are away. But like letting out your home or even your car, you’d expect your property to be looked after and for your insurance to cover you for any incidents which happen beyond your control.

Motorboat Insurance Guide

insurance guide

Motor Boat Insurance buyer's guide

Enjoy the thrill of your motor boat safe in the knowledge that you, you're craft, equipment and passengers are covered for injury or damage. In this guide you'll find out about our flexible cover options and the discounts available to ensure you get the right policy at the right price.

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Customers rate our service at 90%

Based on 319 independent customer reviews.

DateProductScoreCustomer Comment

Boat Insurance (New Policy Holder)


Very helpfull

Boat Insurance (Renewal)


Always prompt with advice and offers. Kept well informed when renewal is due. Competitive prices. Hopefully will serve me for many more years. A dream to have as my insurers.

Boat Insurance (New Policy Holder)


Professional attitude to there business used them many times

Boat Insurance (New Policy Holder)


Great service, very friendly and efficient

Boat Insurance (Renewal)



Boat Insurance (Renewal)


Good service, no complaints.

Boat Insurance (Renewal)


Right products, right place, right time, however what really made it for me was the young lady who did everything she said she would in one phone call. Excellent

Boat Insurance (New Policy Holder)


Very prompt service at a good price

Boat Insurance (New Policy Holder)



Boat Insurance (New Policy Holder)


It's early to say much. Good so far.

More reviews

Motor Boat and Speed Boat Insurance FAQs

I have some expensive equipment onboard. Will this be covered on and off the water?

Our motor boat & speed boat insurance policy covers a number of items including things you’d carry on your person such as digital compasses, or pocket knives. These smaller items do have a single article limit of £250. However, you can also cover more expensive items such as onboard GPS equipment and outboard motors. All you need to do is let us know what you’d like covered so we can include it in your sums insured.

Are there any restrictions on my cruising range?

Yes for example we can’t usually cover you in the Caribbean or the Baltic seas so we always advise checking your policy or with a member of the team before deciding to travel. You’ll also need to let us know if you want to change your cruising range from what you originally agreed when you set up your policy. See “If I need to make changes to my policy, can I do this half way through?” below.

Do I need to get my boat surveyed?

If your boat is over 25 years old, we will require proof that you’ve had it surveyed. Furthermore, we will require your craft to have a survey every 6 years thereafter.

If I need to make changes to my policy, can I do this half way through?

Things never stand still in the world of boating so if you’ve installed the latest gadget and you need your sums insured changed or you’ve changed your mooring arrangements, give us a call and we’ll update your policy. Sometimes there is a small charge to change details but this normally won’t be any more than £15 plus the cost of any additional cover you have applied.

How do I qualify for discounts on my premium?

In some ways, boat insurance works like car insurance. If you’re an experienced driver and you keep your car in a garage at home, your premium will be lower. Similarly, if you’re an experienced boater with an RYA qualification who keeps their boat in a marina, we’ll offer you discounts on your premium. Be sure to let us know if you moor in a marina and you could get up to 20% off your premium. Also let us know if you have any RYA powerboat qualifications to take advantage of further discounts.

Can I pay in instalments?

If you would prefer to spread the cost of your policy you have the option of setting up a Direct Debit to pay your premium in equal monthly instalments through our preferred provider, Premium Credit Limited (PCL).

To find out more about PCL and direct debit payments, select Direct Debit.

To understand more about how PCL work together with Towergate, please read our Regulatory Information.

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