Written and edited by GabrielPowered by YouSail.com.au
Sailboat InsuranceAustralia · Independent guide

Boat Insurance Cost Comparison Calculator

Compare two or three boat insurance quotes using no-claim, ordinary-claim, storm-claim and total-loss scenarios.

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Illustrative figures are prefilled. Replace them with your written quotes. The lowest cost is not a recommendation of cover.

Australian dollars. Enter 0 if none applies.
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Quote A
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Quote B
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Australian dollars. Enter 0 if none applies.
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Calculation assumptions
Payment = the smaller of eligible loss and the settlement limit, less the applicable excess, with a minimum of zero. Owner cost = loss minus payment. Annual outlay adds the premium. Enter an assumed market-value settlement as the limit for a market-value scenario. Real policies may apply limits and deductions in a different order. Do not put the same shortfall in two fields.

Estimated annual outlay by scenario

Premium plus the part of the assumed loss you retain
ScenarioQuote AQuote B
No claim$2,400.00$1,800.00
One ordinary partial-loss claim$3,900.00$5,300.00
One storm partial-loss claim$4,900.00$10,300.00
Total loss$3,900.00$19,300.00
Assumed total-loss payment$158,500.00$142,500.00

Total loss assumes no additional uninsured costs outside the entered vessel value. Check salvage, depreciation and other deductions separately.

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Boat insurance quote scenarios
Partial loss: 10000; total loss value: 160000
Quote A: premium $2,400.00; ordinary annual outlay $3,900.00; storm annual outlay $4,900.00; total-loss annual outlay $3,900.00
Quote B: premium $1,800.00; ordinary annual outlay $5,300.00; storm annual outlay $10,300.00; total-loss annual outlay $19,300.00
Assumes an accepted claim, limit applied before excess; total loss excludes additional uninsured costs. Not a payout prediction.

Entered figures (AUD)
Quote A
Annual premium: 2400
Assumed settlement limit: 160000
Ordinary claim excess: 1500
Storm event excess: 2500
Total-loss excess: 1500
Uninsured part of the partial loss: 0
Storm excess treatment: replace

Quote B
Annual premium: 1800
Assumed settlement limit: 145000
Ordinary claim excess: 2500
Storm event excess: 7500
Total-loss excess: 2500
Uninsured part of the partial loss: 1000
Storm excess treatment: replace

The calculation method

For each assumed claim, eligible loss is the loss amount less the uninsured portion. The model caps eligible loss at the entered settlement limit, then subtracts the selected excess, with payment never below zero. Your retained loss is loss minus payment. Annual outlay is premium plus retained loss. Different policy wording can apply limits and deductions in another order; confirm the method before using the result.

A total-loss example

For an assumed $120,000 total loss, a $100,000 settlement limit and a $2,000 deductible, this model pays $98,000. Retained loss is $22,000. With a $2,400 annual premium, scenario outlay is $24,400. The $20,000 shortfall is already in retained loss and is not added a second time.

What these scenarios leave out

  • Claim probability: results are scenarios, not expected annual costs.
  • Future renewal pricing, instalment charges and taxes not already in your premium.
  • Salvage, liability, pollution and consequential losses beyond the entered vessel loss.
  • Policy-specific depreciation, betterment and exclusions unless you account for them in the inputs.

Save, download or print your results

These tools run on your device. Use Save on this device to keep a draft in this browser; saving is optional. Reset removes the saved draft. Download creates a text summary, and Print / save PDF opens your browser's print options. A saved worksheet is not an insurance application or confirmation of cover.

Related guides

General information onlyThe information on sailboatinsurance.com.au is general educational information only. It may be wrong, incomplete or out of date, and you should not rely on it as a substitute for the current policy documents or professional advice. It does not take into account your objectives, financial situation or needs and is not personal financial product advice. Insurance cover depends on the actual policy wording, Product Disclosure Statement, certificate of insurance, endorsements, exclusions, limits, sub-limits and underwriting decisions that apply to your vessel. Always read the current policy documents before buying, renewing or changing cover. For legal, financial or insurance advice about your own circumstances, consider speaking with an appropriately licensed professional.