Insurance Prices In Canada vs USA

[GeneralT001]

So, I'm a relatively experienced pilot (6,000+ hrs all multi-engine IFR / Float rating / Instructor / etc) but still I'm looking at $4,100/yr in Canada.

I'm insuring for about $130,000 USD ($165,000) Cdn

Is this comparable to what you'd pay in the US for Hull coverage in motion and not in motion?

Can I insure with an American company?

Edited December 3, 2021 by GeneralT001

[Parker_Woodruff]

Insurance in Canada is more expensive, generally speaking.  Most people in the US would pay about $1900-$2200/year in the situation you describe (I'm assuming M20J, no claims history, pilot under 65 years old).

If the aircraft is primarily based in Canada, you normally have to use a Canadian company.

Sometimes with biz jets, etc. which are N-registered but based in Canada, there is the ability to use a US company.

[Peter T]

Not sure who you are insured with.I’m in B.C. And insured with Marsh Canada. Private Pilot, 800 hrs, IFR, 64 hrs old, insured for $150,000 CAD. Recent claim history, premium is $3000 CAD.

[GeneralT001]

7 hours ago, Peter T said:

Not sure who you are insured with.I’m in B.C. And insured with Marsh Canada. Private Pilot, 800 hrs, IFR, 64 hrs old, insured for $150,000 CAD. Recent claim history, premium is $3000 CAD.

Thanks, I'll give them a call.

[AIREMATT]

You guys should compare coverages too, not just premiums.
Limits and total coverages vary the premiums quite a bit if you don’t have the same coverages…