Insurance cost

[Guest]

I did not want to steal the other thread on the New York Times story, so I started this one.

I'm curious what rates others are paying for full coverage insurance on their planes?

My Comanche 400 with $150,000 full hull coverage and 1 M liability costs me $3200.

My RV4 with $65,000 full hull coverage and 1M liability costs me $2200.

Clarence

[1964-M20E]

$55k hull $1M  for $1,100 through AOPA and Chartis

[Bob_Belville]

$100k hull, 3000 pic, 2500 retract time, $1450.

[AndyFromCB]

$185K Hull, 1million smooth, 750TT, 670RG, $2500, Chartis

 

I actually looked it up this morning, I thought it was a bit cheaper, but it I was confusing policies

[orionflt]

45k hull, 1M smooth, $894 APOA/QBE..waiting on this yrs quote

 

Brian

[bdjohn4]

$70k hull, 400pic with SEI and MEI (private), $1200

[Awful_Charlie]

190k hull, 6m smooth, 2700

Europe

[philipneeper]

50K hull, TT210 Complex 45- $1000.00 Airpower insurance

[drapo]

Canadian PPL, 300 Total time, 130 Mooney Time, $60k hull, $2 mil liability = $2,000 through COPA

[Jimhamilton]

$85,000 hull, $1,050. Chartis

[Seth]

$140,000 HULL, $1 Million Smooth, 850 TT - $1750 or so last year, hours are about 100 more, we'll see what the quote is - 965 now - will break 1000 hours before 2015.

 

Update - For 2014-2015 $1699 - 140k hull, 1 million smooth

 

 

-Seth

[Cruiser]

you really should look at both the rate per $1,000 for hull coverage and liability to understand the insurance cost.

 

I pay $9.97/1000 for full coverage on the plane, no deductible

$200 for $1M/250k per person liability

[yvesg]

Clarence and Drapo, I think you both pay too much. I have 1M gold plan, $65K hull value. $1400

Yves

[Guest]

Yves,

Not sure what the correct number should be? But if you upped your hull by another $100K the premium is bound to be more. Generally speaking we pay more for most things in Canada.

Clarence

[Andy95W]

Yves,

Not sure what the correct number should be? But if you upped your hull by another $100K the premium is bound to be more. Generally speaking we pay more for most things in Canada.

Clarence

Must be another weird metric conversion thing.

For me, $40k hull, $1M smooth, $750/ year

[yvesg]

Clarence, I was speaking about your RV rate, not the Piper. My aircraft has been insured with the same broker for years. When I acquired it two years ago, I kept the same company to make things simple. Upon renewal last summer, I did ask for a quote from another broker after they subsidized a tent and meal at a local airshow. When I met the vice-president I promised I would ask for a quote when I would renew my insurance.

What a surprise to see that their quote was about $500 less per year than the current broker. I decided to check with COPA, EAA etc and realized that if you stay with the same broker for several years, they do not have any incentive to try to make you save money.

I did renew recently, did ask for another quote elsewhere (since the premium went up, but not in a significant manner) and they are still a few hundreads lower than the other quote.

Yves

[Cyril Gibb]

650 hrs total time (mostly more than 25 years ago) 1 hour retract time (dual) 75k hull 1m liability COPA Gold $2278

- required 10 hours dual and 10 hours solo before passengers...

I frankly thought it would be much more....

Now I can afford to have Clarence fix more stuff... (but definately not the million dollar corner)

[drapo]

Clarence and Drapo, I think you both pay too much. I have 1M gold plan, $65K hull value. $1400

Yves

 

Sacrebleu!!! Yves, it's a lot less $$$ What are your Total time and Mooney time?

Personnally, I prefer $2mil liability, I know it doesn't add that much to the premium (+/- $100)

[Hank]

I just went with Falcon. 65k hull, 1M/100k for 960, about $150 less than my previous broker. Call me happy!

[yvesg]

Sacrebleu!!! Yves, it's a lot less $$$ What are your Total time and Mooney time?

Personnally, I prefer $2mil liability, I know it doesn't add that much to the premium (+/- $100)

PIC = 512 hours total. About 300 on Mooney

I am with Marsh, dealing with the Montreal Office.

Yves

[Marauder]

Well, if you guys want to feel better.... My brother-in-law purchased a new Columbia 400 with about 150 total PIC time. They wouldn't even let him smell the exhaust pipe until he went through formal ground and flight training.

When they did insure him, he paid $12k for year 1.

Sent from my iPad using Tapatalk

[Mooneymite]

Just got my renewal notice for 2 aircraft:

Mooney: $65,000 hull/$1M liability/$100k medical ....$900.

Experimental: $25,000 hull/$1M liability/$100k medical....$875.

[drapo]

PIC = 512 hours total. About 300 on Mooney

I am with Marsh, dealing with the Montreal Office.

Yves

I guess it's worth a phone call!   It's either that or I'm jumping on the next Boxcar to Atlanta!

[Danb]

$375,000 hull. 1m smooth 3000+ mooney time...$2950. Falcon

[Bob - S50]

$110,000 hull, $1M liability. $1750 through AOPA.

 

4 pilots: 22000 hrs, 18000 hrs, 700 hrs, 100 hrs.

The 100 hour pilot sold to a 25000 hr pilot so we will see what it costs next year.

 

Bob