Insurance cost

[Terry]

Here is a question if not too personal, is one about insurance. If this has been beat up in another thread please point me in that direction.

How much (ball park) and with what company do you cover your Mooney? For a base line and to try to keep it apples to apples I would like to narrow it down to a 201 with a hull value of $80k +or-.
To start things off I have gotten a quote from Avemco (they have had my C-170 for 15 years) for $1682/yr. This is full coverage and hangared. My Mooney time is less than 10 hrs in a M20C but many hrs in V-35s, T-34s, and all the Cs and Ps and a few others. My total time is somewhere over 25k.
This sounds to me like a good price, my 170 is $1000 with 1/2 the hull value. I have had no claims in the 15 years I've had the insurance with them.

Can one do better price wise or find a better co. than Avemco?

Terry

[N207LS]

Sounds reasonable to me.  I do pay a little less (~$1400) for my G model with hull value of $88k (max I could get) given the mods and panel upgrades. It requires me to be hangared on a controlled, paved strip (KSPG).  It was about $400/yr more when I was on grass, but kept in a hangar (48X).  I have ~ 350 hours make/model and 650 total (Private Single Engine - Instrument Ratings - only).  My agent is Deanna with Kel Petersen in Kansas City, MO and they have been fantastic to deal with (800) 777-5960.  I shop their prices every year at my renewal and can not seem to get anyone to beat them yet.  I have no claims with my Mooney but my wife had a total loss in her Beech Sport.  They were very helpful with the loss and also were very helpful with my Mooney during Hurricane Katrina when I was in New Orleans and had less than 5 hours in it.  They got a letter from the insurer for me to fly it out even though I had not completed my 10 hours of dual in make and model.  Best of luck...

[KSMooniac]

nm

[KSMooniac]

My 201 with $105k hull and $1M/$100k insurance, hangared is $1300 thru AIG right now.  That renewal was with 550 TT and ~300 in Mooneys, PPASEL/IA ratings only.  I recommend you find a good broker and work thru one to get the best deal.  Doing an IPC and some AOPASF courses got me ~$100 worth of discounts this renewal. 

[Cruiser]

Give Buck a call before you do anything. Tell him TomK N5763H referred you.

John "Buck" Bullock

Bullock Agency, Inc

1433 Lancaster Ave

St. Charles, IL 60174

Office- 630-377-9499

Cell- 630-825-9499

Fax- 866-871-0375

Email- buck@bullockagency.com

www.BullockAgency.com

 I just placed a contract with him on my 201. Hull value 110k, $1,000,000/100,000, Medical $3,000 Deductibles $50 not in motion, $250 in motion. $1418

[Chris White ex-N205KD]

Quote: Terry

Here is a question if not too personal, is one about insurance. If this has been beat up in another thread please point me in that direction.

How much (ball park) and with what company do you cover your Mooney? For a base line and to try to keep it apples to apples I would like to narrow it down to a 201 with a hull value of $80k +or-.

To start things off I have gotten a quote from Avemco (they have had my C-170 for 15 years) for $1682/yr. This is full coverage and hangared. My Mooney time is less than 10 hrs in a M20C but many hrs in V-35s, T-34s, and all the Cs and Ps and a few others. My total time is somewhere over 25k.

This sounds to me like a good price, my 170 is $1000 with 1/2 the hull value. I have had no claims in the 15 years I've had the insurance with them.

Can one do better price wise or find a better co. than Avemco?

Terry

[The-sky-captain]

AOPA was the cheapest for me being a new pilot. At 200TT and 0 Mooney time I paid 1800.00 for 85k hull. A few of the other agencys quoted me at around 2600.00. Now that I am pushing 400TT and 200 in the Mooney I hope to save a little more this year.

[MooneyMitch]

My wife and I are pilots and we are a two Mooney family.  Each year we go out for insurance quotes and AOPA consistently beats the competition with lower rates.

[GeorgePerry]

I've been following the string and I had an idea.  If we could combine forces and if 5 or 10 or who knows how many folks were willing to go in together we could probably negotiate a pretty good deal. 

If any fellow mooniacs want to pursue this let me know.  If I get rough #'s of policy holders willing to switch I have an excellent professional relationship with an underwriter at Duncan aviation insurance that could work up a group quote. If there's not much response then no big deal.  I just thought it seemed like a good idea for leverage to negotiate better rates for a large group.

And before anyone asks...no I'm not in the insurance business, I just thought since we all visit the forum anyway, we might as well use it to our mutual benefit.

Before getting into the specifics I'd like to get an idea of the interest level.  I suppose a response here is fine or a PM if you perfer. 

 

 

[Rustler]

George Perry wrote:  I've been following the string and I had an idea.  If we could combine forces and if 5 or 10 or who knows how many folks were willing to go in together we could probably negotiate a pretty good deal.

 

I think this is an excellent idea. When I owned my Cheetah, the Grumman association did exactly this and reaped a significant saving for its members who utilized the broker who did the leg work. How many folks it would take to make this work is hard to tell.

Anyway, I'd be interested.

[Parker_Woodruff]

Well I got a quote several months ago at ~400 TT and 2 hours in Mooneys for something like $1600 on a 231 and $1650 on a 201.  Both were valued at between $90,000 and $95,000.

 

[Terry]

[Terry]

Quote: Mitch

My wife and I are pilots and we are a two Mooney family.  Each year we go out for insurance quotes and AOPA consistently beats the competition with lower rates.

[Kwixdraw]

Quote: Rustler

George Perry wrote:  I've been following the string and I had an idea.  If we could combine forces and if 5 or 10 or who knows how many folks were willing to go in together we could probably negotiate a pretty good deal.

 

I think this is an excellent idea. When I owned my Cheetah, the Grumman association did exactly this and reaped a significant saving for its members who utilized the broker who did the leg work. How many folks it would take to make this work is hard to tell.

Anyway, I'd be interested.

[Terry]

Quote: Cruiser

Give Buck a call before you do anything. Tell him TomK N5763H referred you.

[Carl S]

Looks like a really sweet ride.

What is that, a twin tri-pacer?  <ducking>

 

[KSMooniac]

Beatuiful Twinkie!  A friend of mine helped me get to and from the paint shop last fall with his Twinkie and I sure enjoyed riding/flying it.  Perhaps the most reasonable twin for a private owner, too.  Enjoy!

[Terry]

Quote: N223MM

Looks like a really sweet ride.

What is that, a twin tri-pacer? 

 

[Guest Anonymous]

I had one of those once, a '68.  Loved it.  If Mooney ever made a twin, it would have been a lot like the PA-30.  Literally sipped fuel (well, for a twin).  I only got rid of it because of the thought of replacing or overhauling TWO engines.  The engine-out stories that you have heard are mostly unfounded - provided you make the takeoff like a single and keep a few knots until short final for engine-out go around.  Yes, you do lose altitude with an engine loss at high altitude, but the drift down range is HUGE.  Mine would usually start maintaining altitude at somewhere between 6000 and 8000 feet depending on load and DA.  Not really a six seater though, more like a 4+2 with no bags or a 4 place with reasonable baggage.

I would get another one if I did a lot of night flying or IFR over low ceilings -- I don't (much) now.

Funny, this whole thread started on Insurance, and then you get a twin!

 

You will love it.

RFB

 

[skyking]

I pay $2500 (Canadian) bucks a year with full hull insurance. I have 5 Million liability, full hull coverage at 80K, hangared and i have aver 6,000 hours. Looks like we pay more here in Canada that you guys in the U.S do.

[Terry]

As a side note the insurance cost for the TC is $2002 full coverage with Avemco air and ground with $1000 deductible. Hull value for now is $75k, will up that when I do the engines. They are high time but for what I paid for the airplane they are more than covered. Plus the guy through in 8 very low time chrome cylinders for top or overhaul. It has all the equipment I wanted and I will feel better about the engines when we do them and know how they have been run from a new overhaul. We did a very complete pre buy annual and the few little out of the normal things found the seller fixed without batting an eye. This was his baby and and he did almost a complete rebuild of the airframe and panel only 4 years ago. He likes the smell of jet A in the morning so replaced the TC with a Cheyenne He also had the tip tanks installed as well as the nacelle tanks, this thing will tanker 140 gals for well over 9hours of flight. It has been flown to England and all over Europe. I do love the Mooney but wanted a little more useful load and still like night and IFR flying.  Now all I need is a day off with no snow to bring it home. I am planning S&F this year in style, I hope to meet some of the Mooney people there. This is a great list and lots of cross over infromation, I plan to be here for long time.

Terry

 

[mjc]

That TwinCo is really a nice-looking and well equipped one. I do have to ask, though... did the previous owner intentionally give the Cheyenne in the background of the photos a matching paint job?

[Terry]

Quote: mjc

That TwinCo is really a nice-looking and well equipped one. I do have to ask, though... did the previous owner intentionally give the Cheyenne in the background of the photos a matching paint job?

[231Pilot]

Try Aircraft Insurance by Duncan, ( josh@airduncan.com ).  I got a quote very close to KS Mooniac's , also with AIG through them.

[mooney27239]

My insurance renewal date is coming soon and I have a question. In the past when it was time for renewal I would get the agent who currently handled the insurance to start working on quotes. Then I tried calling others like Avemco or AOPA and once they found out that someone else was getting quotes for me them refused to provide quotes. Has anyone else had that experience? I currently have Sutton James has my broker but would be interested in getting quotes from others.