Insurance up 20%

[Ned Gravel]

Mine went up in January - about 10%.  Underwritten by Alliance.

[bradp]

My renewal form just came in.  I’m 39 so let’s see if age factors in. 

[Bob_Belville]

8 hours ago, bradp said:

My renewal form just came in.  I’m 39 so let’s see if age factors in. 

I wore a pair of Johnson & Murphy shoes to church this morning older than that.

[marcusku]

Mine went down but I'm probably not a good comparison since I started the year with 0 Mooney hours.

[neilpilot]

2 minutes ago, marcusku said:

Mine went down but I'm probably not a good comparison since I started the year with 0 Mooney hours.

You are correct.  We can all quote premium changes and then add hours flown, increased hull values, new ratings, and other changes.  That doesn’t change the fact that after several years of flat premiums favoring Mooney owners, the overall market has increase premiums but around 10%.

[Kmac]

On ‎1‎/‎18‎/‎2019 at 4:31 AM, FastTex said:

Am I the only one using STARR via AOPA? I still have a few months on mine but if you guys have done the homework and got a better deal maybe I should shop more around before my next renewal. I just got a card from BWI(?) and I was ready to toss it when I read this thread...

Did @FastTex ever get a quote from BWI?  I also got that card in the mail.

[FastTex]

2 minutes ago, Kmac said:

Did @FastTex ever get a quote from BWI?  I also got that card in the mail.

No, I did not. I’m waiting for a few months then I will start shopping around. If I remember correctly AOPA will match if I find a better deal.

[Marauder]

I should know shortly. My insurance is up for renewal on March 1st. Been with Falcon for all 28 years of ownership with zero claims.


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[Bob_Belville]

6 minutes ago, Marauder said:

I should know shortly. My insurance is up for renewal on March 1st. Been with Falcon for all 28 years of ownership with zero claims.


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I'll go out on a limb and predict a 17% rate increase. That seems to be the pattern for high time IR pilots who have enjoyed flat to lower rates for several years in a soft market.

[LANCECASPER]

3 hours ago, FastTex said:

 If I remember correctly AOPA will match if I find a better deal.

I wouldn't count on that. I was with AOPA for years and years ago it seemed like it was getting the best quote. The last couple years I was with them not so much.

Even if they match a better deal, of what value is that? Shouldn't they have found you the better deal in the first place? 

[Parker_Woodruff]

4 hours ago, FastTex said:

No, I did not. I’m waiting for a few months then I will start shopping around. If I remember correctly AOPA will match if I find a better deal.

AOPA doesn't have the pen to guarantee a match.  They can request it from the carrier.  They may get it, they may not.  If they reach out to all the carriers and report all of the carriers then you'll have a full picture.

There are certain cases where I would recommend staying with your current carrier, and certain ones where it makes sense to move for price.

[Marauder]

8 hours ago, Bob_Belville said:

I'll go out on a limb and predict a 17% rate increase. That seems to be the pattern for high time IR pilots who have enjoyed flat to lower rates for several years in a soft market.

My increase this year is $0. It is the same as it was for the past 2 years and $50 more than it was in 2016. Maybe they are using a different criteria to assess risks. 

[bill98]

6 hours ago, Parker_Woodruff said:

AOPA doesn't have the pen to guarantee a match.  They can request it from the carrier.  They may get it, they may not.  If they reach out to all the carriers and report all of the carriers then you'll have a full picture.

There are certain cases where I would recommend staying with your current carrier, and certain ones where it makes sense to move for price.

100 hours in type that boosts an IFR pilot over 350 hours and over 100 hours in RG tend to mitigate/assist in preventing enormous increases after having a claim within first 25 hours of having the ac? Asking for a friend.

[Bob_Belville]

1 hour ago, Marauder said:

My increase this year is $0. It is the same as it was for the past 2 years and $50 more than it was in 2016. Maybe they are using a different criteria to assess risks. 

Yeah, my agency tells me that different underwriters use different criteria. And they tend to go after different segments of the market. 

[kmyfm20s]

Mine went up about 16% this year. The previous 4 years it went down a few $ each year and that was after having a claim which surprised me. It still cheaper than my car which value is less so I guess I can’t complain.

[amillet]

$2105 for 2019.  $2297 each year for 2016-2018.  $200K hull.  $1M smooth

[Parker_Woodruff]

2 hours ago, bill98 said:

100 hours in type that boosts an IFR pilot over 350 hours and over 100 hours in RG tend to mitigate/assist in preventing enormous increases after having a claim within first 25 hours of having the ac? Asking for a friend.

"It depends".  But it should certainly help.  Especially if 2-3 years have elapsed since the loss...and once the loss is >5 years in the rearview mirror basically no company asks...

[Mike A]

Stayed with Global and was the exact same amount as last year. 

Edited February 15, 2019 by Mike A

[bill98]

6 hours ago, Parker_Woodruff said:

"It depends".  But it should certainly help.  Especially if 2-3 years have elapsed since the loss...and once the loss is >5 years in the rearview mirror basically no company asks...

Hmmm

Event would have happened after July but before September Of 18. Many FAA wings credits completed after too. 

[Parker_Woodruff]

4 hours ago, bill98 said:

Hmmm

Event would have happened after July but before September Of 18. Many FAA wings credits completed after too. 

Also depends on the nature of the claim...

[gsxrpilot]

@bill98, it would seem that you might want to arrange to meet with @Parker_Woodruff, sit down, buy him a beer and lay out the full story. You're both in the same town, and if anyone can sort this out for you, he can.

[xcrmckenna]

I got my renewal today from Global. It was up $130 from last year. It doesn’t have to be bound till March 15th. I have my IR check ride scheduled for February 28th. Hopefully it will open me up to Falcon or other insurance companies that will write a smooth million.


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[bradp]

@xcrmckenna

Global will write a $1mm smooth for 1000 hrs min as of my shopping last year. ORA will for less hours like 750 or something.  

[xcrmckenna]

[mention=12769]xcrmckenna[/mention]
Global will write a $1mm smooth for 1000 hrs min as of my shopping last year. ORA will for less hours like 750 or something.  

If that’s the case I still won’t have the hours. Maybe in a year or two though.


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[tigers2007]

Mine went up 11.1%.

‘64 M20D. Falcon. $1280 to $1440. $1M/$100k. $55k hull value. PPL almost 300hrs.


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