Insure4Boats blog

Buying your first boat: The 30-second guide

The moment you start thinking about buying a boat, you will probably find yourself overwhelmed by the wide range of choices. The decision to go for motor-powered or sail-powered? That’s just the start. If you’re in love with the idea of buying your own boat, but don’t know where to begin, here are the three key parameters you need to weigh up.

buying new or used boat? New or Used
If money isn’t a problem, you’re probably better off buying new. That’s because, in the event of a malfunction, the new buyer’s warranty will provide for the mend, offering peace of mind and protection against unexpected bills.

A pre-owned boat is a sensible choice when budget is a factor. A two-to-five-year-old vessel can cost up to half the price of a new boat, most likely a bigger one, for the same price. Another advantage is that these crafts are generally already fully equipped.

 

buying motor or not yachtMotor or Sail
Different types of boats have different operational features, meaning each kind of boat is fun to use for different reasons. Motor-powered boats, for example, are easier to drive from the helm in comparison to sailing boats, where you will be relying heavily on the wind.

Ultimately, the boat you pick should match the activity you intend to pursue, whether that’s cruising, fishing, or water sports. But no matter what kind of boat you choose, you still need a basic knowledge of how to handle waves, tides, currents, weather, and boat traffic if you want to spend a safe day out on the water.

 

buying large or small boatLarge or Small
The key to determining the right size of your boat is deciding its most common location, as well as the typical length of time you’ll stay on the boat for. Where will you operate the boat – lakes, rivers or coastal waters? Are you planning overnight stays on the water?

Boating on lakes and rivers is likely to be a daytime experience, requiring a small-to-medium size boat (20ft-40ft) with basic amenities on board. Try to spend a weekend or longer time afloat and you are likely to need a bigger boat, equipped with cabins, a galley, and more amenities.

Most people focus on the price of the boat itself and tend to forget about underlying costs such as maintenance, insurance, and registration fees, so it’s important to calculate the true, long-term cost of your purchase.

Whether you purchase a new or an old boat, it does not matter: Insure4Boats will be able to provide you with a fantastic and competitive insurance quote. We offer two levels of cover depending on the type of insurance you need, as well as a selection of optional add-ons so you can tailor the quote to your needs.

To get a quote today, please click here and fill out our online form – it will literally take you a few minutes.

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