GEICO Marine Insurance Company

Geico Marine Insurance Company offers a variety of coverage options for boats, yachts and charter vessels, both recreational and commercial.

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GEICO Marine Insurance Company was established in 1989 as the Seaworthy Insurance Company. Today, it remains a subsidiary of Berkshire Hathaway. The company delivers insurance coverage to boat, yacht and charter vessel owners. Five distinct policy options are available to meet the needs of every boat owner. GEICO offers practical coverage options to both recreational and commercial boaters. 

GEICO Marine Insurance Company is popularly recognized for its attentive and reliable customer service. 

Grandfolk Scoring
Cost 9/10
Ease of enrollment 9/10
Customer support 10/10
Discounts 6/10
Payments 8/10
Add-on options 9/10
Boats covered 8/10
Coverage 9/10
Waiting period 9/10
Annual cost of coverage
Varies by policy, boat specifications and add-on coverage
Ease of enrollment
Ways you can enroll
Online or by phone
Customer support
Ease of access
Customer service agents are available 24/7 by phone, e-mail or chat
How can premiums be reduced?
Good driving record, online boat safety courses, bundled policies
How are payments completed?
You can pay by phone or online with your GEICO Marine Account
Add-on options
What types of coverage can be added to my policy?
Personal property, towing services, hurricane haul, and more
Boats covered
What types of boats are eligible for coverage?
Bow riders, pontoons, sailboats, bass boats, and more
What services are covered?
Various coverage options are available; see website for details
Waiting period
How soon can services be used?
Dependent on policy effective date
Age Score:

GEICO Marine Insurance Company features a user-friendly website with informative resources. Customers can use it to learn more about GEICO coverage and policy management options.GEICO also provides an insurance glossary to help customers understand commonly used terminology. This provision simplifies concepts that may typically seem elusive. 

The web page format enables users with minimal technological expertise to quickly and easily find essential information. The bold and colorful text featured throughout the GEICO website allows seniors to effortlessly read and navigate the content. 

Users interested in obtaining coverage or evaluating coverage costs are able to request an insurance quote online. Customers who prefer to speak directly with an agent on the phone can do so.General customer support is available 24/7 via phone, e-mail, and online chat. A variety of communication modes ensures that individuals with limited mobility can acquire insurance coverage and access support. 

GEICO Marine Insurance Company does not provide policies catered specifically to seniors, nor does it reserve any discount opportunities for senior citizens. Discounted rates can be earned with a good driving record, the bundling of multiple GEICO insurance policies, or enrollment in boat safety courses. These options may not be necessarily beneficial to seniors—particularly those whose driving abilities are limited and who do not feel comfortable (or are incapable of) participating in online courses.

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Challenging health conditions will likely significantly reduce the value of boat insurance. Seniors with debilitating physical conditions may find it difficult or impossible to responsibly operate their boats. However, for those individuals who do continue to boat and wish to be proactive, retaining coverage may be wise. Seniors in exceptional health will probably find that the value of this type of coverage remains constant.


  • GEICO offers many contact options to its customers. This allows individuals with limiting physical conditions to use the communication method best suited to their needs. 
  • Customers are generally impressed with GEICO Marine Insurance Company’s responsive customer service. 
  • Contact with customer support can be completed online via chat and e-mail.
  • Individuals with exemplary driving records are entitled to discounted premiums. Seniors with an extensive, positive driving record may benefit from this feature. 
  • Online boat safety courses can be completed to receive discounted rates. Such courses can allow customers with limited mobility to take advantage of discount opportunities. 
  • All GEICO Marine Insurance Company policies include medical payment coverage for any injuries that result from on-boat accidents. 
  • Each policy also includes liability insurance to cover costs related to damage inflicted upon other individuals or boats. 
  • Individuals who bundle multiple GEICO insurance policies can reduce their boat insurance premiums. 
  • Claims servicing is provided 24/7 and can be completed online in as little as five minutes. 


  • There are no policies specifically tailored to seniors. 
  • Discount opportunities may exclude seniors with physical limitations who are not permitted to drive or who cannot reasonably participate in an online course.
  • Although extensive online features enhance accessibility, the benefits of this convenience may be lost on seniors who prefer more personable interaction or who cannot comfortably navigate web content. 

Bottom Line:

GEICO Marine Insurance Company provides several boat, yacht, and charter vessel insurance policies with extensive coverage options. The company boasts a superior A+ rating from A.M. Best Co., an insurance industry rating agency. 

Consumer reviews typically highlight GEICO’scustomer support staff, noting the speed at which concerns are resolved and claims are successfully processed. GEICO is commonly viewed as a trustworthy and reliable agency, although some customers have reported dissatisfaction with claims processing and communication with support representatives. 

Policy rates are competitive with those of other leading boat insurers. Customers generally express satisfaction with their premiums and the coverage they receive in return. 

Frequently Asked Questions:

How much will boat insurance coverage cost? 

The price of your policy depends on the market value, size and speed of the boat you want to insure and on your insurance preferences. You can call and speak with an agent to discuss your options, or you can go online to receive a personalized quote. 

How can I decrease my premium rates? 

If you have a good driving record, you may be eligible to receive a discount on your premium. You can enroll in online boat safety courses to earn a reduction in your premium costs. By purchasing multiple GEICO insurance policies, you can also bundle your policies and save money on your rates. 

What type of coverage am I guaranteed?

All GEICO Marine Insurance Company policies include liability coverage for incidents such as oil and fuel spills and damage to other individuals and boats, as well as coverage for salvage and wreck removal services. Actual Cash Value coverage is reserved for less expensive pleasure boats and peer-to-peer rental boats. All other boats and yachts include Agreed Value Coverage. 

More Information:

Product Details 

Overview: GEICO Marine Insurance Company’s policies provide liability coverage for damage to other individuals’ boats and property, as well as for bodily injury to or death of another person. Additionally, policies cover the cost of boat damage, fuel and oil spills, salvage and wreck removal services, and medical costs resulting from injury. The price of each particular policy is determined by several factors such as the boat’s size, speed, and functional use. 


Charter Boat
This package is intended for individuals who operate their boats for commercial purposes. 

  • Agreed Value Coverage with hull values ranging from $1,000 to $1 million
  • Liability coverage up to $2 million
  • Coverage for uninsured boaters

Liability Only
This policy is suitable for individuals who are seeking minimal costs and who are content with limited coverage. 

  • Lacks hull coverage
  • Liability coverage up to $1 million

This policy is intended for individuals who regularly rent their boats out to other people. 

  • Coverage only effective during the rental period. 
  • Actual Cash Value provided for the boat, boating equipment, and engine up to $250,000
  • Liability coverage of $300,000 per person, per accident
  • Only $100,000 for uninsured boater coverage
  • Salvage coverage available only up to the Actual Cash Value 

Pleasure Boat
The Pleasure Boat policy is an affordable option for individuals who use their boats primarily for recreational purposes. 

  • Actual Cash Value coverage for hull values up to $150,000
  • Liability coverage up to $1 million
  • Coverage for uninsured boaters 

This package provides coverage for yachts featuring a full-time captain and crew. 

  • Agreed Hull Value coverage starting at $2 million
  • Coverage of yacht and equipment, personal belongings, passports and other essential documents, and additional vessels 
  • Liability coverage for marine environment damage

The Yacht package is appropriate for individuals who own a yacht worth up to $2.5 million

  • Agreed Hull Value coverage up to $2.5 million
  • 24/7 emergency dispatch services
  • Liability coverage from $100,000 up to $2 million

Optional Accessories or Add-on Services: Personal property, trailer coverage, towing assistance, fishing equipment, and marine environmental damage coverage are available. 

Additional Company Details

Contract Details: Policy contracts are implemented on an annual basis. You can contact an agent to cancel your contract at any time. 

Accreditations: GEICO Marine Insurance Company is not accredited by the Better Business Bureau, but maintains an A- rating. In 2009, A.M. Best Co. awarded the company an A+ (Superior) rating. 

Company Details: GEICO Marine Insurance Company originated as the Seaworthy Insurance Company, which was founded in Annapolis, Maryland in 1989. Berkshire Hathaway acquired the company in 2007, and in 2015, it became a subsidiary of GEICO. With this transition, the company was renamed as GEICO Marine Insurance Company. GEICO Marine Insurance Company is one of several insurance companies associated with the GEICO Insurance Agency. 


GEICO Marine Insurance Company
880 South Pickett Street
Alexandria, VA 22304 
Tel: 877-970-2628

Shadiecsa Mason - Senior Advisor