Monterey 245 Cruiser insurance: calculate your premium
Model page, insured as a motor yacht
We insure the Monterey 245 Cruiser as a motor yacht, regardless of the year it was built, where you bought it or how many owners it had. Liability, hull, legal expenses and personal accident cover from one house, taken out online in five minutes.
At a glance
- Make
- Monterey
- Type of boat
- motor yacht
- Length overall
- 8.22 m
- Built
- 1999 to 2008
Length from our boat catalogue for the 1999–2008 build years. Beam and engine are in your papers; what they record is what counts.
Premium, example
€802 a year
or €72 a month if paid monthly
Liability and hull · boat value €29,000 (market value) · built 2003 · 225 hp assumed · North Sea, Baltic and Mediterranean
Finance, example
€266 a month
Purchase price €29,000 (market value) · 20% deposit · 10 years · 6.9% interest assumed
Worked example, not a finance offer. The lender decides on the rate and on approval.
Monterey 245 Cruiser: cover, cost and conditions
Monterey 245 Cruiser: for the premium the model name is not the deciding figure. What counts is the type of boat, its year, its value, its engine output and the waters you sail, the five entries you make in the online calculator.
For the Monterey 245 Cruiser: On a motor yacht the drive and the electronics together make up about half the value. Both belong in the sum insured. The most expensive claim is grounding with consequential damage to shaft and gearbox, and that is full cover only.
What does cover for a Monterey 245 Cruiser cost? The premium starts from €49 a year. For a Monterey 245 Cruiser at the usual market value of €29,000 the premium is €802 a year: liability and hull in Basis-Plus, North Sea, Baltic and Mediterranean, 225 hp (assumed), hull excess €250, paid annually. Hull cover accounts for €653, liability for €149. Tariff as of 01.11.2026, your own boat may differ. Hull cover follows the value: partial cover answers for fire, storm, lightning, theft of the whole boat and damage in winter storage; full cover adds collision, grounding, vandalism and theft of parts. On a total loss we pay the agreed value, and in the Premium tariff with no deduction for new-for-old.
Bought used, imported or ordered new: we write the Monterey 245 Cruiser with a berth in Germany and abroad alike. The international certificate of insurance reaches you automatically in ten languages, and taking cover out before the handover pays off, because transport and the first launch are then already covered.
Not to be mixed up with its sisters: this is the Monterey 245 Cruiser,
number two hundred forty-five.
What is a used Monterey 245 Cruiser worth?
A used Monterey 245 Cruiser built between 2002 and 2005 in average condition is typically worth
between €24,900 and €34,100 today.
Well kept boats with recent engines sit above that, boats with defects below.
| Year built | typical range | midpoint |
|---|---|---|
| 2005 | €26,800 to €34,100 | €30,400 |
| 2004 | €24,900 to €31,700 | €28,300 |
| 2003 | €25,500 to €32,500 | €29,000 |
| 2002 | €25,500 to €32,500 | €29,000 |
With agreed-value cover, the agreed sum counts after a total loss of your Monterey 245 Cruiser;
with actual-value cover, the value at the time.
Does your sum still fit?
Each extra year of age takes about 2% off the value of a Monterey 245 Cruiser.
Market today
For sale in November 2026
3
Typical asking price, 2004 boat
€27,600
Our value, 2004 boat
€28,300
Asking prices against our value
−2%
In November 2026 we found 3 boats of the Monterey 245 Cruiser for sale.
Typical asking price for a 2004 Monterey 245 Cruiser: €27,600.
Our value for a Monterey 245 Cruiser of that year: €28,300.
Asking prices and value of the Monterey 245 Cruiser are close together.
What changes hands is usually less than the asking price.
Boats for sale now and how we rate them
How we rate the 4 boats of the Monterey 245 Cruiser we found for sale most recently.
2004
Germany
2004
7.50 m, Denmark
2003
7.92 m, United Kingdom
2003
United Kingdom
As of November 2026.
Prices and details come from the listings.
Whether the boat is still for sale is shown in the listing.
Our assessment assumes average condition.
Estimate from our boat records, checked regularly against asking prices. As of November 2026. Not a survey.
Frequently asked
Does NAMMERT insure the Monterey 245 Cruiser?
Yes.
Neither the make nor the model decides whether the Monterey 245 Cruiser is insurable.
What counts is the type of boat, its year, its value, its engine output and the waters you sail.
What does cover for a Monterey 245 Cruiser cost?
Cover starts from €49 a year.
For a Monterey 245 Cruiser at the usual market value of €29,000 the premium is €802 a year:
liability and hull in Basis-Plus, North Sea, Baltic and Mediterranean, 225 hp (assumed),
hull excess €250, paid annually.
Hull cover accounts for €653, liability for €149.
Tariff as of 01.11.2026, your own boat may differ.
The exact premium takes a few minutes in the online calculator, with no contact details required.
My model is spelled slightly differently, does this page still apply?
Yes.
Spellings and suffixes of the Monterey 245 Cruiser vary with the papers and the model year.
Enter the name as it appears in your documents; the technical figures decide premium and cover.
On a total loss, do I get the replacement value?
Under full cover, yes: the Monterey 245 Cruiser is settled at the agreed value,
and in the Premium tariff without limit and with no deduction for new-for-old.
Can I switch from my existing insurer?
Yes.
Our switching service cancels the old contract for your Monterey 245 Cruiser free of charge,
you pay only once it has run out,
and you keep a permanent switching discount.
Other models by this make
Monterey 245 Cruiser insured in five minutes.
Calculate your insurance premium online, policy the same day, or call us: +49 3375 / 29 12 77.
