A yacht is a sail or power vessel used for pleasure, cruising, or racing, Yachts are so expensive because of its luxuries and high-quality technology used. It looks like a house. It takes time and money spends to build itΨ while boats are a small vessel for travelling over water, propelled by oars, sails, or an engine, Whether you have a speed boat, a small fishing boat or a yacht will make a big difference in what you pay. In general, boat insurance costs typically range from $300 to $500, on average. Through this picture we can see boats and yacht both are used for transportation but the only difference is the price and luxury within it.