Boat Insurance in Oregon

What Are Oregon’s Boat Insurance Laws?

Oregon does not require boat insurance by law for privately owned recreational vessels. However, if you finance your boat, store it at a marina, or plan to participate in organized boating events, insurance may be required. Even without a legal obligation, boat insurance is highly recommended to protect yourself, your property, and others on the water.

What Are Oregon’s Minimum Boat Insurance Requirements?

The state of Oregon does not enforce minimum boat insurance coverage. That said, lenders and marina operators may require boaters to carry:

• Liability coverage to help pay for damages or injuries you may cause
• Hull coverage to help repair or replace your vessel after a loss

Many marina contracts require proof of insurance before issuing access to slips or long-term storage.

How Much Is Boat Insurance in Oregon?

Oregon boat insurance premiums are typically moderate, particularly for boats used seasonally on inland lakes and rivers. Here’s what you might expect:

• Small boats (under 26 feet): $150–$350 annually for basic protection
• Larger boats or cruisers: $400–$1,200+ annually depending on use, location, and value

Boats moored in high-traffic waterways or used near coastal regions may face slightly higher premiums.

How Do I Lower My Boat Insurance in Oregon?

You can lower your premium with a few smart choices:

• Increase your deductible to lower your rate
• Take a state-approved boater safety course—some insurers may offer a discount
• Store your boat securely in a covered facility or locked trailer
• Avoid high-risk use such as racing or commercial charters—these are often excluded from standard policies
• Bundle coverage with home, auto, or RV policies for potential discounts

Additional Requirements: Are You Financing a Boat?

If your boat is financed, your lender will most likely expect you to carry extended coverage. This usually includes:

• Hull coverage based on agreed value or actual cash value (Agreed value pays a fixed total-loss amount; actual cash value subtracts depreciation)
• Protection for non-collision damage such as theft, fire, or weather-related loss
• Liability insurance

Lenders may also require towing, wreck removal, or environmental liability depending on your location and vessel type.

How to Get Boat Insurance in Oregon

Getting covered in Oregon is fast and simple. You can:

• Call us at (1-877-240-4678)
• Request a free quote through our online portal

Be prepared to provide details such as the boat’s make, model, year, hull ID, and how and where you plan to use it.

Oregon Boat Registration Information

All motorized boats and sailboats over 12 feet in length must be registered with the Oregon State Marine Board. Registration is valid for two years and must be renewed on time to remain active.

You’ll need a completed application, proof of ownership, payment of fees, and a valid hull identification number (HIN). Registration decals must be displayed on both sides of the boat.

How Does Boat Insurance Differ Depending on Where I Live in Oregon?

Your location and boating habits can affect policy cost and options:

• Portland Metro & Willamette River: Higher premiums due to population density, boat traffic, and potential liability risks
• Coastal Areas (e.g., Newport, Coos Bay): Elevated rates due to saltwater exposure and storm potential
• Inland Lakes & Rural Zones: Lower rates with seasonal-use and secure storage options

Marinas and dry docks may also request annual proof of insurance before granting access or renewing contracts.