Aircraft insurance cost for 2025

[gabez]

6 minutes ago, corn_flake said:

For those that are sharing full coverage, can you also share the insured hull valve?  

160K for mine 

[Paul Thomas]

100k for mine.

[Pinecone]

Best for comparison is to give:

Liability and the limits (1M/100K or 1M/.200K or 1M smooth, etc)

Insured Hull Value

Hull Premium

The last two can be used to compute the Hull Percentage they are charging.

The quote I got on my plane is (from @Parker_Woodruff )

Liability - 1M smooth - $1862.   1M/100K would be $1424

Hull Value is $300,000 (M20K 252 with new avionics)

Hull Premium is $3868  Hull rate is 1.32%

Total $5829

2000 hours, 700 retract, 200 in type.

And they quoted Non-Owned coverage for $1M liability and $100K hull at ZERO cost.

YMMV

 

[Parker_Woodruff]

Having been in this for the most part of the years from 2010 to today as both an agent and an underwriter, the thing I cannot grasp is how hull rates past a certain point still decline.  Let's say a $300,000 Cirrus is quoted at a 1.00% hull rate and an $800,000 Cirrus is quoted at 0.8%.

At the end of the day, each of those planes has about the same salvage value.  It seems like the rates would trend back upwards past a certain point.

You need to get dollars in on the first dollars of the hull, and then the middle dollars can start the decline.  But past a certain point, the underwriters are inviting more risk with what I'd assume has very little additional salvage value.

[Hank]

16 minutes ago, Parker_Woodruff said:

But past a certain point, the underwriters are inviting more risk with what I'd assume has very little additional salvage value.

Do you think people take risks in an 800K plane that they wouldn't in a 300K plane?

[Parker_Woodruff]

10 minutes ago, Hank said:

Do you think people take risks in an 800K plane that they wouldn't in a 300K plane?

More financial risk compared to what can be recovered from salvage.  The pilots and pilot behavior are probably about the same in each.

[PT20J]

On my 1994 M20J I'm paying:

Liability $1,000,000 smooth - $684

Hull value - $250,000 

Hull premium - $3806 (hull rate 1.522%)

Total - $4490

ATP, 5700TT, 1768 retract, 1328 make/model

[phxcobraz]

Renewed back in January with Avemco.

1963 M20C

1mil liability

$65k hull

$2250/yr

450TT, 350 retract(in Mooney), PPL/IR

[Grant_Waite]

Mine changed from Beacon to Old republic this year. We paid 5k last year on a 158,500 hull value, 1mil liability but only had 30 something retract. After the first year of ownership it’s $2955. I had 524tt and 212 retract at the time of renewal. I’m probably one of the youngest members here but have low times. I have my IR, CSEL CMEL. Amy Benedict at Falcon has been great from the beginning. 

[Greg Ellis]

1963 C model

1,000,000 liability

$82K hull

$1473/yr

2100TT, 1790 in this Mooney, Comm, SEL, MEL, IR

[Pinecone]

Those mentioning $1 million liability, is that $100K per person sublimit (common) or smooth (full amount available per person)?

[N177MC]

On 3/12/2025 at 5:57 PM, Parker_Woodruff said:

  Let's say a $300,000 Cirrus is quoted at a 1.00% hull rate and an $800,000 Cirrus is quoted at 0.8%.

At the end of the day, each of those planes has about the same salvage value.  It seems like the rates would trend back upwards past a certain point.

....   what I'd assume has very little additional salvage value.

I'm an A&P/IA, have a shop and for the last 7 years, my main focus has been salvage.

First, you must consider that a $300K hull will be "written off" more often than the $800K hull simply because there is less $ available to make repairs rather than calling it a loss.  On the other hand, with an $800K hull, there's a lot of $$$ available to repair. 

Furthermore, believe me, that $800K "salvage" hull is going to be worth more proportionally to it's overall value than the $300k hull simply because you can make it airworthy rather than parting it out. 

 

[Jacopa]

1977 J model valued at 125k

1/mil. Total liability 150k/person

54 years old, ATP, Comm ASEL, AMEL, CFII

 current airline pilot, countless complex time

 ~1900/yr

20000+ TT 

airplane is outside, single owner

 

 

Edited March 18 by Jacopa

[Scottknoll]

1997 M20R
1mm/200k pp liability
350 hull
Pilot 1 ~ 8000TT 300 M20R ATP
Pilot 2 ~ 3500TT 800 M20J, 15 M20R, Comm/IFR
$4433

[Pictreed]

• 1965 M20E
• 1M/100K
• 65k Hull
• 400 hrs PP/Inst
• $1982

[DCarlton]

Mine's a little less than $2K too.  I think my hull value is at $80K.  Probably underinsured by a touch. I've thought about stopping the hull coverage all together.  

[icurnmedic]

Bonanza. V-tail.
$260k Hull.

50 years old 

522 hours, no IFR.

No accidents. 
$6900/year
 

[Hank]

7 hours ago, icurnmedic said:

Bonanza. V-tail.
$260k Hull.

50 years old 

522 hours, no IFR.

No accidents. 
$6900/year
 

I guess it's reputation as "forked tail doctor killer" is also known to your insurer . . .

Were they still making V-tails in 1975?

[LANCECASPER]

1 hour ago, Hank said:

I guess it's reputation as "forked tail doctor killer" is also known to your insurer . . .

Were they still making V-tails in 1975?

They made them through 1982. @icurnmedic's V-Tail is the second to the last one ever made.

[Stan]

1989 MOONEY M20J N1013U 

GLOBAL AEROSPACE

Liability Insurance
Each Occurrence $1,000,000 
Each Passenger Subject to $100,000

Physical Damage: F. All Risks Basis (Ground and Flight)

Insured Value: $125,000
Deductible: In motion $Nil / Not in motion $Nil

Medical Expense Coverage
Medical Expense Limit $10,000 Included

Coverage Premium: $2,983
 

Age: 75  Comm, IR, TT 2147, Retract: 934, Time in type: 481, no claims, hangared, single owner.