Nationwide Boat Insurance

time icon 7 min read update icon Sept. 20, 2019
21 Ratings - Write Review
Grand Score
User Score
Grand Score
User Score
Visit Site

Nationwide provides a large selection of coverage options for the most commonly-used boats.

Nationwide Mutual Insurance Company grew from what was once the Ohio Farm Bureau Federation. In 1925, with the help of Murray D. Lincoln, the Farm Bureau Mutual Automobile Insurance Company was established to provide affordable auto insurance to Ohio farmers. It was not until 1926 that the Ohio Farm Bureau officially opened for business and sold its first policy. 

After decades of expansion, the Farm Bureau Mutual Automobile Insurance Company was renamed as Nationwide Insurance in 1955, to signify its growing success and transformation. 

Today, Nationwide provides coverage for homes, businesses, pets, farms, boats and more. It is now one of the largest global insurance companies, with $209.8 billion in total assets (as of 2016). 

Nationwide was awarded an A+ (Superior) rating from A.M. Best for its financial strength on October 17, 2002 (this rating was affirmed on July 7, 2016). Standard & Poor also awarded Nationwide with an A+rating in 2008 (affirmed in 2016) and Moody rated Nationwide an A1 in 2009 (also affirmed in 2016).

Grandfolk Scoring
Cost 8/10
Ease of enrollment 8/10
Customer support 8/10
Discounts 9/10
Payments 9/10
Add-on options 9/10
Boats covered 8/10
Coverage 9/10
Waiting period 9/10
Annual cost of coverage
Depends on coverage needs, boat specifications, and other factors
Ease of enrollment
Ways you can enroll
You can receive a free quote online or by calling customer service
Customer support
Ease of access
Representatives can be contacted by e-mail or by phone
How can premiums be reduced?
Boating safety courses, bundling policies, and more
How are payments completed?
Online, by phone, by mail, or by text
Add-on options
What types of coverage can be added to my policy?
Fishing equipment and personal property, to name just a few
Boats covered
What types of boats are eligible for coverage?
Most boats valued up to $350,000
What services are covered?
Policies are customizable; you can select your desired options
Waiting period
How soon can services be used?
This depends on your chosen policy effective date
Age Score:
50-64 Years
65-74 Years
75-84 Years

Nationwide’s boat insurance web page is not as engaging as those published by competitors. Nonetheless, the page is relatively easy to navigate, and web users are presented with relevant and helpful information. Seniors can effortlessly learn about Nationwide’s coverage options by exploring the web page and its linked pages. This is beneficial to seniors who are unfamiliar with website navigation or who do not commonly use the internet. 

Customer support representatives can be contacted by phone or e-mail. These options grant seniors a bit of flexibility—especially for those individuals who prefer talking directly on the phone as opposed to communicating via e-mail. Nationwide customers also have the option to conduct insurance-related business with local agents. Although some seniors may find visiting with agents face-to-face to be somewhat of a hassle, this option is likely appealing to seniors who prefer a more personalized connection (whether talking on the phone or in person).

Nationwide does not offer discounted premium rates specifically for seniors. However, seniors can reasonably enjoy many of the discount opportunities provided. Enrollment for discounted insurance is a straightforward process, and seniors with various types of property can easily take advantage of the multiple policy holder discount. Other options, like attending boat safety courses or maintaining a claims-free record, may be relatively less feasible. Classes may take place in inaccessible locations (or seniors may feel uncomfortable taking courses provided online), and older seniors may be more prone to small incidents requiring claims.

Health Score:
Great Health
Good Health
Fair Health
Poor Health

Seniors who are limited by certain medical conditions, or who are otherwise unable to participate in regular recreational activity, may find it unreasonable to maintain a boat insurance policy. However, seniors who are capable of and willing to continue operating their boats can benefit from the liability and medical payment coverage offered by Nationwide. With these coverage options, seniors can be assured that the costs related to bodily injuries incurred during an on-boat accident will be covered by Nationwide.

Roadside and towing options are also increasingly valuable for older seniors who may require extra assistance in the event of an emergency.


  • Nationwide provides flexibility to its customers by allowing them to customize their policy coverages. 
  • There are several opportunities to reduce premium rates. 
  • Medical payment and liability coverages are invaluable coverage options available to customers.
  • Claims servicing is available 24/7. 
  • Nationwide provides a set of discounted policy packages. 
  • The Nationwide website features an informative blog section to provide boating and insurance tips to customers


  • There are no policies tailored specifically to seniors and their needs. 
  • The Nationwide website includes relatively limited policy details.
  • Some customers report dissatisfaction with Nationwide customer support services.

Bottom Line:

Nationwide offers competitive rates for its boat insurance policies. Coverage is provided for a wide range of boat types (up to $350,00 in value), and boaters can customize their policies to meet their specific needs. 

The company has earned top ratings from A.M. Best, Moody’s and Standard & Poor. Nationwide is also BBB accredited with an A+ rating. Please note that this rating is not specific to Nationwide’s boat insurance coverage services, however.

Consumers generally report satisfaction with the cost of their coverage, but reviews are mixed,with some reports indicating complications with claims processing and customer support.

Overall, Nationwide is a good option for both individuals who are experienced with boating and know their particular boating needs, and new boaters who want simplified policy options.

Frequently Asked Questions:

How much will boat insurance coverage cost?

The cost of your coverage depends upon your particular needs and coverage selections. You can receive a personalized quote online on the Nationwide website or by contacting a representative by phone. Your premium cost may also be impacted by your eligibility for certain discount opportunities. 

How can I decrease my premium rates?

You can reduce your premium rates by holding multiple Nationwide policies, including more than one boat on your boat insurance policy, enrolling in a boating safety course approved by the National Association of State Boating Law Administrators, purchasing a diesel fuel-powered boat, paying your premium in full, maintaining a claims-free record,or by selecting one of the discounted insurance packages.  

What type of coverage am I guaranteed?

Nationwide allows you to select the coverage options that you need most. You may choose from liability coverage, collision coverage, comprehensive coverage, coverage for bodily injury and property damage caused by uninsured or underinsured boats, coverage for medical payments, coverage for on-water towing, fishing equipment coverage, personal property coverage and roadside assistance. Alternatively, you can choose one of Nationwide’s discounted boat insurance packages. Each of these packages includes coverage for fishing equipment, personal items, and towing (the amount of coverage varies by package). 

More Information:

Product Details 

Overview: Nationwide customers can select individual coverage options to include in their policies, or they can choose among a selection of discounted insurance packages. 

Package Details:

Standard Option, price varies (dependent upon boat specifications and coverage selections)

Customers choose the policy features that are most appropriate for their needs.  

•    Provides flexibility to policy holders
•    Choose among liability coverage, collision coverage, comprehensive coverage, uninsured or underinsured boater coverage, coverage for medical payments, coverage for on-water towing, fish equipment coverage, personal items coverage and roadside assistance coverage 

Discounted Boat Insurance Packages, price varies

Nationwide customers can select from four different boat insurance packages provided at discounted rates. 

Weekenders package, price varies 

Ideal for boaters who remove their equipment from the boat

•    Provides up to $1,000 for fishing equipment, $3,000 for personal items and $500 for towing services

Overnighters, price varies  

Recommended of individuals who use their boats for brief trips, or who spend the weekend on their boats. 

•    Up to $2,500 for fishing equipment, $5,000 for personal items and $2,500 for towing services

Light Tackle Anglers

Ideal for bass boats and other small fishing boats.

•    Up to $5,000 for fishing equipment, $2,000 for personal items and $2,500 for towing services 

Deep Water Pros

Suggested for individuals who spend a lot of time boating in large bodies of water.

•    $10,000 for fishing equipment, $5,000 for personal items and $2,500 for towing 

Optional Accessories or Add-on Services

Rental reimbursement is optional, but automatically included in all packages. If you insure your boat trailer with your policy, you can also receive roadside assistance at no extra cost. 

Additional Company Details

Contract Details: Policies are implemented on an annual basis. You can signup for a new policy after completing the online quote calculation form. You can also contact a Nationwide representative by phone or speak with a local agent. Policies may be paid in full, in two-month installments, or monthly. 

Accreditations: Nationwide is BBB accredited with an A+ rating. The company has received A+ ratings from both Standard & Poor and A.M. Best, and has been rated A1 by Moody’s. 

Company Details: Nationwide began as the Farm Bureau Mutual Automobile Insurance Company in 1925. What started as a collection of Ohioan farmers dedicated to providing affordable auto insurance has since grown into a globally-operating insurance agency. 

Nationwide now provides insurance coverage and financial services in a vast range of domains. 


Nationwide Insurance    
PO Box 742522
Cincinnati, OH 45274-2522
Tel: 877-669-6877

Shadiecsa Mason - Senior Advisor

Shadiecsa is senior researcher with Grandfolk® providing in-depth product and service reviews to empower senior buying decisions.