Get the best jet ski & seadoo insurance in Ontario
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Jet ski & seadoo insurance in Ontario
Matt Hands, VP, Insurance
Jet ski insurance (also known as seadoo insurance, personal watercraft insurance, or PWC insurance) is a unique package of coverage, designed to protect you financially against the risks of owning a personal watercraft. It can help pay for various expenses, including attorney and settlement fees after a lawsuit or repair and replacement bills after an accident.
Do I need insurance for a jet ski in Ontario?
While insurance for jet skis and seadoos isn't required by law in Ontario (or the rest of Canada, for that matter), it's highly recommended that you purchase adequate coverage anyway. One small accident could put you in deep financial trouble – without the right insurance policy in place, you could be left paying thousands of dollars out-of-pocket. And of course, it's worth having peace of mind, so you can enjoy your hobby worry-free.
Types of jet ski insurance in Ontario
Not all jet skis are insured with the same types of coverages. The exact coverages you'll receive depend on the specific terms of your policy – here are a few types of insurance you can consider. While you might be taking proper care of your jet ski, you'll never be immune to the loss and damage of your prized possession – this is where jet ski and seadoo insurance come in.
Jet ski loss & damage
Liability
Accident benefits
Uninsured boater
Emergency assistance
Loss of use
How much does seadoo insurance in Ontario cost?
Generally speaking, the more expensive your personal watercraft, the more you'll be paying to insure it. With jet skis, seadoos, and waverunners, expect to pay between $400 to $800 each year for coverage. If you're looking for an exact quote, be sure to speak to one of our licensed brokers today.
book a callFactors that impact your jet ski insurance quote
- Watercraft make & model
Insurers look at the year, make, model of your personal watercraft – generally speaking, the more expensive your jet ski, the more it'll cost you to protect it.
- Boating experience
If you have years of experience riding your jet ski, you bring less risk from an insurance perspective. If you're new to boating, however, you may face higher premiums.
- Insurance history
Having numerous claims on your insurance history isn't a good look to insurance providers – therefore, be prepared to pay higher jet ski rates.
- Jet ski usage
The more you take out your jet ski for a ride, the more likely something will go wrong, leading to an insurance claim. Therefore, avid users tend to face more expensive rates.
- Location
Different types of waters brings different levels of risk – and storing your jet ski in public can also increase your vulnerability to theft (or course, raising your premium).
- Coverage type
The more types of coverages you add on your policy, the more expensive your jet ski insurance will be. Extra protection doesn't come without a cost.
How to get cheap jet ski insurance rates in Ontario
Compare the market – You won't know which jet ski insurance company offers the cheapest rates until you look at all your options. Don't just settle with the first provider you come across.
Bundle insurance products – If you insure multiple watercraft (or even your jet ski, car, and home) under one provider, your loyalty will be rewarded with a rate reduction.
Take a jet ski course – If you've taken an approved jet ski course, ask your insurer if you're eligible for a discount. Certain providers will offer lower rates for the added safety.
Increase your deductible – A higher deductible means you'll be paying more when it comes to making a claim, but it can also help lower your jet ski insurance premium.
Double-check your coverage – The more added coverages you have on your policy, the higher the rate you'll be paying. So consider what risks you are (or aren't) willing to take.
Keep a clean insurance history – Making minor watercraft insurance claims can hurt your future rates. Insurers like to see low-risk boaters, think twice before making a claim.