In this article, we will look into the 5 best boat/yacht insurance companies heading into 2024. If you want to read our detailed analysis, you can go directly to the 15 Best Boat/Yacht Insurance Companies Heading into 2024.
5. Zurich Insurance Group AG (OTC:ZURVY)
Market Cap as of December 19: $75.42 billion
Zurich Insurance Group AG (OTC:ZURVY) is a leading multinational insurance company, headquartered in Switzerland. It offers a wide range of products and services for insurance, life insurance, risk insurance, marine solutions, travel insurance, and investment management. With an experience of over 100 years in marine solutions, the company offers a comprehensive range of boat insurance products and services covering ocean cargo, commercial hull, monoline commercial inland marine, and marine liabilities among others. As of December 19, it boasts a market cap of $75.42 billion.
4. State Farm
Annual Revenue (2022): $89.30 billion
State Farm is a group of mutual insurance companies in the US, headquartered in Bloomington, Illinois. The company specializes in insurance, financial services, life insurance, health insurance, and auto insurance. The company offers extensive boat insurance providing coverage for sinking, fire, theft, storms, collision, capsizing, explosion, and stranding. State Farm is one of the largest auto insurers in the US, providing 24/7 assistance to its customers with the help of 19,000 agents nationwide. The extensive boat coverage also includes anchors, electric trolling motors, oars, extra fuel tanks, tools, detachable canopies, seat cushions, life preservers, skis, and their tow ropes and dinghies. It is ranked among the best boat/yacht insurance companies. The company reported an annual revenue of $89.30 billion in 2022.
3. Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY)
Market Cap as of December 19: $89.98 billion
Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY) is a leading insurance company, offering products and services in domains including health insurance, marine insurance, auto insurance, and insurance technology. Within its marine insurance portfolio, the company offers a wide range of marine insurance solutions providing coverage for cargos all over the world. Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY) is one of the best boat/yacht insurance companies, boasting a market cap of $89.98 billion, as of December 19.
2. Chubb Limited (NYSE:CB)
Market Cap as of December 19: $90.17 billion
Chubb Limited (NYSE:CB) is a multinational financial services company. It specializes in accident and supplemental health insurance, travel insurance, marine insurance, reinsurance, and life insurance. Chubb Limited (NYSE:CB) offers a variety of boat insurance policies covering all kinds of boats, personal watercraft, and jet skis. It is ranked among the best boat/yacht insurance companies and is valued at $90.17 billion, as of December 19.
Follow Chubb Ltd (NYSE:CB)
Follow Chubb Ltd (NYSE:CB)
1. Allianz SE (OTC:ALIZF)
Market Cap as of December 19: $104.24 billion
With over 100 years of experience, Allianz SE (OTC:ALIZF) is a leading insurance company. The company caters to over 100 million customers in more than 70 countries around the world. The company is a leader in marine solutions providing coverage for cargo, in-land, marine hull, and liability. The company provides a diverse suite of boat insurance plans for jet skis, ski boats, tiny runabouts, fishing boats, yachts, and cruisers. As of December 19, the company boasts a market cap of $104.24 billion.
Follow Allianz Ag Holding (OTCMKTS:AZSEY)
Follow Allianz Ag Holding (OTCMKTS:AZSEY)
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