If you fancy setting sail on the ocean, then you will probably be wondering about boat charter costs. Unfortunately, it’s not always quite as simple as knowing the charter cost alone, as there are other expenses you’ll need to budget for.
This guide to boat charter costs will walk you through the options and associated costs, so you can decide on the best choice for you. Covered here is what affects boat charter costs, including the type of vessel as well as what’s included with rental rates.
We also give you a breakdown of compulsory costs versus optional extras, followed by an outline of what charter packages are all about. Finally, we take a closer look at what else you’ll need to budget for when planning to charter a boat.
How Much Does it Cost to Charter a Boat or Yacht?
The boat charter costs depend on a number of factors. These include the type of boat, the location, the season, and whether or not your boat comes with a skipper and other crew. The number of passengers and how far in advance you book can also affect boat charter costs.
Factors Affecting Boat Charter Costs
Boat
A larger boat with more facilities will increase boat charter costs compared to a small vessel with limited amenities. A big, smart new yacht is likely to be much more expensive than an older, more basic boat.
Location
Popular destinations can push boat charter costs higher due to supply and demand. For example, chartering a boat in Croatia or Greece often costs more.
Season
Seasonal demand affects boat charter costs. Summer bookings are typically higher than during term-time or off-season periods.
Skipper and crew
Hiring a skipper or additional crew will also raise boat charter costs, but it can make your trip safer and more enjoyable.
If you opt for a catered boat, for instance, then the cost will be higher. The wages of the crew need to be covered (and in this particular case, the food does too).
Passengers
The number of passengers can influence boat charter costs per person, often making it cheaper per head compared to staying in a hotel.
Booking ahead
Booking early can reduce boat charter costs, as owners may offer early-bird discounts to secure bookings.
What’s Included in Boat Charter Costs
When considering boat charter costs, it’s important to know what is included. Typically, the rental charge covers the use of the boat and necessary equipment. Extras like fuel, food, drinks, and tourist taxes may add to boat charter costs unless explicitly included.
Mandatory Costs and Optional Extras
When you book with Borrow a Boat, you’ll receive a booking confirmation, or a quote from a holiday planner. This will include the total cost.
It should also include a costs breakdown, which will differentiate between mandatory and optional expenses. You should also find out at this stage whether such costs are due to be paid in advance, or when you check in.
If in doubt, you can always consult one of our holiday planners for guidance. Here are some examples of compulsory and optional extra costs.
Mandatory costs
- Fuel
- Cleaning fee
- Mooring fees
- Inspection fee
- Tourist taxes
- Linen and towels
Charter fee
This one kind of sits between the two categories. It may be compulsory, covering costs like linen and towels, cooking gas, an outboard engine, and cleaning. Or such charges may be listed as optional extras instead. Find out more about charter packages further down the page.
Optional extras
- Groceries
- Water refills
- Crew provision
- Beach towel hire
- Outboard engines – may be added to smaller boats if required
- Early check-in – a fee is often payable for this service
- Damage waiver – this gives you protection in case the boat is damaged while in your possession
- Water sports equipment – you might also be able to hire stand-up paddleboards, kayaks, fishing kit, snorkelling gear, and so on
Understanding Charter Packages
When you’re looking at boats to rent, you may come across charter packages. These are known by a variety of different names, such as comfort package, welcome package, VIP package, and more.
What’s covered by such a charter package fee is determined by the charter company or boat owner. These package costs are likely to include mandatory charges, such as cleaning, inspection and mooring fees, the use of bed linen and towels, fuel for cooking and the engine, and tourist taxes.
The charter package price might also cover optional extras. This could include a crew, food and drinks, an outboard engine, beach towel hire, water sports equipment rental, and more.
What amenities are available can vary from one boat provider to another. The price is also set by each boat owner or charter company, so this will also differ.
Before signing up, make sure you know exactly what is covered by the charter package cost, and what may be charged for on top of this fee.
If you’re keen to save money, then it’s worth comparing the cost breakdown for one boat against another, as well as the overall rental price. The total price you’ll pay is what matters, so knowing precisely what’s covered, and at what cost, is very important.
What Else To Budget For
In addition to the rental price, mandatory costs, optional extras, and any charter packages applied, you need to budget for other aspects of your trip. Other things you’ll need to pay for include food and drinks, any costs at the destinations you visit, and hiring a skipper – if this is an option and you want one.
Food and provisions
The cost of food and drinks is obviously determined by what, and how much, you consume. But don’t forget to factor in where you’ll be shopping.
For example, if you’ll be stocking up before you board the boat, then consider food prices in the country you’re departing from. Some countries are of course much cheaper than others when it comes to shopping for food, soft drinks, and alcohol. Plus daily essentials such as toilet roll, cleaning products, toiletries, and so on.
The same applies, of course, if you’ll be picking up more supplies in various ports of call.
If you’ll be spending time in Europe, this food and beverage cost comparison from the European Commission can be a useful guide.
Destination costs
How much money you’ll spend visiting destinations en route is also an important consideration. What you’ll do in each place determines how much money you’ll need.
For example, spending the day at the beach with a picnic may not cost much. But you might decide to hire some water sports equipment while you’re there, which means spending more money.
Having dinner at an upmarket restaurant might be expensive. As will splashing out on an overnight stay, should you decide to treat yourselves to a hotel for a night. If you want to book any tours or experiences, these will also come at a price.
Some ports of call might also offer a number of shopping options. Whether it’s gifts for loved ones back home, or clothing and accessories for yourself, anything you buy also means stretching your budget.
Hiring a skipper
Whether or not to hire a skipper is a big decision. It can have a big bearing on the cost of your charter boat rental. There could also be safety implications, as being in experienced hands will always offer more protection.
If you don’t hold the required licences, then you may not have a choice. While you can skipper some types of boat without a licence in some destinations, this is far from always the case.
If you do want to use a skipper, then you’ll need to secure their services as soon as possible. They are often booked out way in advance, especially during the busiest times of year.
If in doubt, you can always consult one of our Borrow a Boat holiday planners for advice. There’s also more information in this guide to renting a boat without a skipper.
With a clear understanding of boat charter costs, you can plan your sailing adventure with confidence and avoid unexpected expenses. Whether it’s choosing the right vessel, budgeting for extras, or deciding whether to hire a skipper, careful planning makes all the difference. To simplify the process, Borrow A Boat offers a wide range of boats, transparent pricing, and expert guidance to help you find the perfect charter for your next unforgettable trip on the water.