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Mooney insurance

Jpravi8tor
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gwav8or Rising Star

gwav8or

Posted
Posted

I got quotes a few months back and the best I could get was $3,400/year. No IFR, No retract time.

Hardy Aviation Insurance. I’ve used them for years and have always been pleased.


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carusoam Grand Master

carusoam

Posted
Posted

JPR,

be confident calling Parker…

Many MSers use AirspeedInsurance…

Parker has been an MSer for more than a decade… :)

And… he really knows insurance….

Things are easy until over 80.

Best regards,

-a-

carusoam Grand Master

carusoam

Posted
Posted
2 minutes ago, Jpravi8tor said:

I was paying 400.00 a year for my cessna 177B just 4 years ago….should have kept that plane for sure

We have a few MSers that keep the spare Brand C for fun…. :)

-a-

LANCECASPER Grand Master

LANCECASPER

Posted
Posted
15 hours ago, Jpravi8tor said:

I was paying 400.00 a year for my cessna 177B just 4 years ago….should have kept that plane for sure

A lot of people were paying a lot less 4 years ago. Your Cardinal insurance would be more expensive now as well.

Ragsf15e Grand Master

Ragsf15e

Posted
Posted

Correct me if I’m wrong, but there’s only really 2 possible “rates”… Avemco does their own thing and you have to call them, or any insurance broker gets you a quote from the remaining 2(?) aviation insurers?  So i use Airspeed because Parker has excellent service, but the “rate” he gets me should be exactly the same as AOPA, Hardy, or Joe’s Dirt Cheap Insurance (i made that one up).  So you got Avemco or the brokers, 2 rates, no?

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JayMatt Community Regular

JayMatt

Posted
Posted
On 6/24/2022 at 7:04 PM, gwav8or said:

I got quotes a few months back and the best I could get was $3,400/year. No IFR, No retract time.

Hardy Aviation Insurance. I’ve used them for years and have always been pleased.


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How much time did you have flying when you got that quote if you don't mind?

201er Grand Master

201er

Posted
Posted
7 minutes ago, Ragsf15e said:

or any insurance broker gets you a quote from the remaining 2(?) aviation insurers?  So i use Airspeed because Parker has excellent service, but the “rate” he gets me should be exactly the same as AOPA, Hardy, or Joe’s Dirt Cheap Insurance (i made that one up). 

In theory yes. But in practice, Parker goes to bat for his customers and may on occasion do better than some of the others.

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gwav8or Rising Star

gwav8or

Posted
Posted
How much time did you have flying when you got that quote if you don't mind?

I had about 600 hours, no Mooney time to speak of (1.5 hours) and no IFR. From what I’ve seen, the rates won’t come down until you have 100hrs in retract/Mooney. What I’ve seen reported is the rate would come down to 1600 - 1800 once 100hrs Mooney time has been achieved.


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gwav8or Rising Star

gwav8or

Posted
Posted
Correct me if I’m wrong, but there’s only really 2 possible “rates”… Avemco does their own thing and you have to call them, or any insurance broker gets you a quote from the remaining 2(?) aviation insurers?  So i use Airspeed because Parker has excellent service, but the “rate” he gets me should be exactly the same as AOPA, Hardy, or Joe’s Dirt Cheap Insurance (i made that one up).  So you got Avemco or the brokers, 2 rates, no?

I believe this is correct.


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Parker_Woodruff Grand Master

Parker_Woodruff

Posted
Posted
15 minutes ago, Ragsf15e said:

Correct me if I’m wrong, but there’s only really 2 possible “rates”… Avemco does their own thing and you have to call them, or any insurance broker gets you a quote from the remaining 2(?) aviation insurers?  So i use Airspeed because Parker has excellent service, but the “rate” he gets me should be exactly the same as AOPA, Hardy, or Joe’s Dirt Cheap Insurance (i made that one up).  So you got Avemco or the brokers, 2 rates, no?

For new business on a personal aircraft policy, this is basically correct.  The carriers quote new business at the same pricing.  Every now and then we'll win out on new business because a competing quote just gave the instantly-available quotes over the phone rather than waiting to make sure all the responses came back.

We have a pretty good idea which companies will be most competitive for certain aircraft & pilot combinations so we know if there might be a straggler quote that can win.

Regarding renewals, some carriers will work with us on premium if their renewal quote is too high compared to the rest of the market.

Commercial & corporate accounts, on the other hand, take a lot more negotiating and sometimes even aviation expertise.  Our flight school, charter, and repair station accounts really rely on good brokering.  Especially in this market...

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Shadrach Grand Master

Shadrach

Posted
Posted
2 hours ago, drifter001 said:

Aviation insurance Resources (AIR) gave me the best rate when we bought our E. We dealt with Tracy martin there

+1  Great company! I know the owner and many of the reps.   They have been our provider for more than a decade.

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