Larry T

I think, maybe, it might be cheaper to wait until all my offspring are completely and fully independent and I no longer have to pay for.... Oh, wait... That'll never happen. Shit!

And I'll need at least 3, possibly 4, plus any CFI that might be used. I suspect that's why I was quoted as such but he didn't specifically say so.

Thanks for the info Parker. Let's say I purchase a fixed gear and get my IR and a ton of hours over the next few years, but still limited RG time. What does the rate picture look like? Obviously you won't know about 5 years from now, but what would that look like today?

10 years makes a lot of difference. He said that something like 4 main providers closed up shop over the last 1-2 years and the remaining ones are a lot more picky about their coverage. I was hoping I could get away with rates similar to yours, with transition hours, of course.

Hey all, Newly minted PP and looking to purchase my first plane. I was initially thinking of a M20J for a 2nd airplane, but then got a lot of advise to "buy your 2nd or 3rd plane first". When I checked with an insurance guy recommended by my buying agent, he pretty much told me that most providers won't even touch me as a new PPL with a Mooney, and/or would require at least 300 hrs. He said if we could find someone to insure the plane, it'd likely be somewhere around $6-7K. This would be coverage for me, as well as my 2 sons who are also new PP's. I intend to train for my instrument and one of my sons plans to go all the way through ATP. Question is for those who were/are fairly low time pilot's, how much is your insurance and who are you going through? Thanks for the assist. -Larry