Club Marine is Australia's largest and most recognised specialist marine insurer, protecting boats, yachts, jetskis and watercraft since 1966. Part of Allianz Australia, Club Marine covers everything from tinny hull and motor to salvage and wreck removal, backed by a community of over 70,000 boat owners.
In This Review
What is Club Marine Insurance?
Club Marine has been insuring Australian boats since 1966, growing into the country's largest specialist marine insurer. The brand became part of Allianz Australia in 2014, gaining the financial strength of one of the world's biggest insurance groups while retaining its specialist focus on recreational watercraft.
The company insures over 70,000 boat owners across Australia, covering everything from small tinnies and fishing boats through to large sailing yachts, motor cruisers, jet skis and personal watercraft. The product range goes beyond simple hull and motor cover to include trailer, marine liability, salvage and wreck removal, personal effects on board, and racing risk.
Club Marine differentiates itself through genuine marine expertise. The claims team includes assessors with boating and marine industry backgrounds who understand the specifics of boat construction, marine repair and maritime operations. This specialist knowledge translates into more accurate assessments and fewer disputes over repair methods and costs.
Beyond insurance, Club Marine has built a community around the boating lifestyle. The quarterly Club Marine Magazine is a well-regarded boating publication, and member benefits include discounts at marinas, chandleries and marine service providers across Australia. These extras reinforce the brand's positioning as a boating lifestyle partner rather than just an insurance provider.
Club Marine's combination of 55+ years of marine expertise, Allianz financial backing and a genuine boating community makes it the benchmark for specialist boat insurance in Australia.
Club Marine Ratings Across Review Platforms
Disclaimer: Ratings are sourced from public review platforms and awards as of April 2026. Individual experiences may vary. Scores are aggregated for informational purposes only and do not constitute financial advice. Refer to ASIC's MoneySmart website for guidance on choosing insurance.
What Customers Say About Club Marine
Hit a submerged object and damaged the hull and outdrive. Club Marine organised a marine surveyor, approved repairs at a specialist boat repairer and had us back on the water in four weeks.
The salvage cover was worth the entire premium. When my boat took on water at the marina, Club Marine covered the full cost of the salvage operation and subsequent repairs.
Dealing with people who actually understand boats makes the whole process easier. No need to explain what a gearbox leg is or how gel coat repairs work.
Premiums are definitely on the higher side compared to getting boat cover from a generic insurer. But having dealt with both, the specialist service is worth the difference.
Claim for theft of fishing gear from the boat was denied because I could not provide original receipts for items over two years old. Felt the evidence I provided should have been sufficient.
Disclaimer: Review highlights are sourced from public review platforms for informational purposes only. Individual experiences may vary and do not represent guaranteed outcomes. This content does not constitute financial advice. Visit ASIC's MoneySmart website (moneysmart.gov.au) for guidance on choosing insurance products.
Club Marine Insurance Products
Full cover for your boat, motor, trailer and equipment against accidental damage, storm, fire, theft, sinking and collision. The core Club Marine product.
Specialist cover for sailing yachts including racing risk, rigging and sails, and extended cruising range options. Tailored for the sailing community.
Cover for jet skis and personal watercraft including accidental damage, theft, trailer and marine liability.
Club Marine Pros and Cons
Club Marine Insurance Pricing
Club Marine premiums depend on your vessel type, value, age, mooring location, usage pattern and the scope of coverage. The following are estimated premium ranges for common scenarios.
Disclaimer: All pricing figures are indicative estimates based on publicly available data and general profiles. They are not binding quotes. Your actual premium will depend on your vessel, its value, location, usage and cover options. Visit clubmarine.com.au for an actual quote or refer to ASIC's MoneySmart website (moneysmart.gov.au) for guidance on comparing insurance.
The type of watercraft (tinny, runabout, yacht, motor cruiser, jet ski), its construction material, age and agreed value are the primary premium drivers.
Where your boat is kept affects risk. Marina berths, swing moorings, trailer storage and geographical location (cyclone zones, high-theft areas) all influence the premium.
How you use your boat matters. Racing risk, extended cruising range, commercial use and the number of days on the water all factor into the risk assessment.
Club Marine offers agreed value policies where the insured amount is locked in at policy inception. The agreed value directly determines the maximum payout and the premium.
A higher excess reduces the premium. Club Marine offers multiple excess options, and choosing the right balance depends on your claim tolerance and budget.
Club Marine vs Other Marine Insurers
| Feature | Feature | Club Marine | AAMI Boat | Suncorp Boat |
|---|---|---|---|---|
| Overall Rating | 4.2/5 | 3.8/5 | 3.9/5 | |
| Specialist Marine Insurer | Yes | No (general insurer) | No (general insurer) | |
| Salvage & Wreck Removal | Included | Limited | Limited | |
| Marine Liability | Up to $10M | Up to $5M | Up to $5M | |
| Racing Risk Cover | Available | No | No | |
| Personal Effects | Included | Limited | Limited | |
| Yacht Specialist Cover | Yes | Limited | Limited | |
| Member Benefits | Yes (magazine, discounts) | No | No | |
| Underwriter | Allianz | AAI (Suncorp) | Suncorp | |
| Canstar 2025 | Outstanding Value | No | No |
Disclaimer: Comparison data is based on publicly available information as of April 2026. Features and pricing may change. Verify details directly with each insurer before purchasing. This comparison does not constitute financial advice. Refer to ASIC's MoneySmart website (moneysmart.gov.au) for guidance.
Alternatives to Club Marine
General insurer with competitive boat cover for smaller vessels. Less specialist but typically lower premiums for basic recreational boats.
NRMA offers boat insurance as part of its broad product range. Suitable for standard recreational boats with basic coverage needs.
Another specialist marine insurer in Australia offering comprehensive coverage for recreational and commercial watercraft.
Who Is Club Marine Best For?
If your boat is a significant investment or a core part of your lifestyle, Club Marine's specialist expertise and comprehensive coverage provides the depth of protection that generalist insurers cannot match.
The dedicated yacht insurance product with racing risk, rigging and sails cover, and extended cruising options makes Club Marine the natural choice for the sailing community.
Salvage and wreck removal costs can be enormous. Club Marine includes this as standard on comprehensive policies, providing critical protection that many generalist insurers offer only as limited or optional cover.
The Club Marine community - including the quarterly magazine, member discounts and marina partnerships - appeals to boat owners who see their time on the water as a lifestyle, not just a hobby.
Our Verdict on Club Marine Insurance
Club Marine sets the standard for specialist boat insurance in Australia. The 55-year track record, combined with Allianz's financial strength, provides the credibility and claims-paying confidence that boat owners need when things go wrong on the water.
The specialist claims team is the key differentiator. Marine insurance claims involve unique complexities - salvage operations, marine repair techniques, mooring failures, navigation risks - that generalist insurers often struggle to assess accurately. Club Marine's marine-literate assessors handle these nuances routinely.
The premium is typically higher than generalist alternatives, which is the main trade-off. For owners of basic recreational boats who want the cheapest cover available, a generalist insurer may suffice. But for anyone with a significant vessel or who wants confidence that their marine-specific needs will be understood and covered, Club Marine remains the market leader.
Common questions about Club Marine Insurance
How we research and rate insurance companies
This review is based on data collected from the following sources, last verified in April 2026:
Our editorial scores (out of 10) are calculated using a weighted methodology that considers:
Disclaimer: Our review methodology is for informational purposes only and does not constitute financial advice. Scores represent editorial opinion based on publicly available data. Individual experiences may vary. Always read the Product Disclosure Statement (PDS) before purchasing insurance. For independent guidance on choosing insurance, visit ASIC's MoneySmart website at moneysmart.gov.au.
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