Market Overview

Progressive Insurance Announces New Boat Coverages In The Sunshine State Designed To Get Boaters Back On The Water Fast


The Progressive® Group of Insurance Companies is introducing a lineup of new coverage options in Florida. Sign & Glide® On-Water Towing, Propulsion Plus®, Trailer Trip Interruption and Total Loss Coverage for PWCs are designed to provide customers with a carefree boating experience.

According to data from the National Marine Manufacturers Association (NMMA), Florida is one of the top five boating states in the country and ranks the highest in total boat registrations1. Progressive is leading the way to offer unique coverage offerings that will keep water enthusiasts and their watercraft safe and protected, combined with affordable premium options.

“We insure more than one million watercraft and are constantly combing through customer feedback to understand what resonates with our customers and where we can improve,” said Rick Stern, Progressive Boat Product Manager. “Building off of our strong base of coverage offerings, we raised the bar with industry firsts like Propulsion Plus® and Sign and Glide®, all while lowering rates for new customers who boat in Florida.”

The set of coverage offerings now available in Florida include:

Sign & Glide®: The average cost of an on-water tow in Florida is $7122, but this innovative coverage offers comprehensive assistance while on the water for only $50 a year with no extra charges. If a watercraft becomes disabled, Progressive will pay for towing, jump starts and fuel delivery. With one call to the dispatch center, everything is taken care of – Progressive arranges for the tow and then pays the tow operator directly once the service has been provided and completed.3 It's as simple as signing and gliding.
Propulsion Plus®: Created as a direct result of customer feedback, this coverage pays to repair or replace the lower unit of an outboard motor, or the outdrive of a stern drive motor in the event of mechanical breakdown – even if the breakdown is caused by wear and tear. Propulsion Plus is available as an optional coverage for as little as $38 per year. Replacing the propulsion system on a boat can cost thousands of dollars, so the coverage can help save you money in the event of a mechanical breakdown.
Trailer Trip Interruption: If you are more than 100 miles from home and your tow vehicle or trailer is disabled while towing your boat, Progressive will pay up to $500 per occurrence for food, lodging, and transportation until you're back on the road. All of these benefits for only $10 per year. Customers are insured for a daily maximum of $100 for lodging, $50 for alternative transportation and $50 for food while the trailer or motor vehicle is being repaired.
Total Loss Coverage (TLC) for PWCs: With TLC, if a customer's PWC is deemed a total loss within the first three model years, Progressive won't pay the depreciated value of the totaled PWC, but instead will pay the current model year's MSRP. We protect our customer from both depreciation and inflation for only $25 per year.
To find out more about Progressive Boat Insurance, talk to your independent agent, visit or call 1-800-PROGRESSIVE.


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