what kind of insurance premiums are you guys paying on 4 seaters and six seaters?

midcap

midcap

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midcap
Just curious, let's say you have your PPL and VFR only. Somthing like a Mooney M20J versus a Cherokee Six/300
 
10 hour student pilot. Quoted 2500 for a 6/300 and required 25 hours dual


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My old 4 seater tail dragger was right around a grand from AOPA when I first got her and was a 80ish hr VFR PPL, all the hours were in tailwheel though, 0 in type.
 
C150, PPL, 158 TT, $495, They said if I get my INST rating it will drop another 100 dollars. I did had 35 hrs in 150/152 type before i bought mine.
 
Um then I got screwed. As a new pilot $12k on a new t206h. Said it would go down after ppl and 10 inst. time to go shopping
 
mulligan said:
Um then I got screwed. As a new pilot $12k on a new t206h. Said it would go down after ppl and 10 inst. time to go shopping
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You hull value is probably A LOT higher.

I think I'm in the 1100 range on my Comanche.
 
It's very difficult to compare, it's mostly about hull cost. Obviously it's going to be a lot more to insure a $120k plane than a $25k. I just purchased a Socata TB20 as a student pilot, no time in hp or retract, my insurance is $2100/year. I need 5 hours in make and model with CFI before I can solo in it. I was pleasantly surprised by the quote, I was expecting much higher.
 
79 Archer, $85k hull, SEL INST, flown about 100 hours a year, $850/yr
 
mulligan said:
Um then I got screwed. As a new pilot $12k on a new t206h. Said it would go down after ppl and 10 inst. time to go shopping
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Jebus!

For a 200k amphib I'm just over 3k a year, that's as a ATP with about 100 in type, nowadays I don't fully insure for the full year as water ops, which is where the most insurance risk is, are hard when all the water goes from liquid to solid :)
 
GBSoren said:
It's very difficult to compare, it's mostly about hull cost. Obviously it's going to be a lot more to insure a $120k plane than a $25k. I just purchased a Socata TB20 as a student pilot, no time in hp or retract, my insurance is $2100/year. I need 5 hours in make and model with CFI before I can solo in it. I was pleasantly surprised by the quote, I was expecting much higher.
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This. Hull value seems to the biggest factor in aircraft insurance. In other words, a guy with a few thousand hours of flight time who has a a 2006 PA32 worth $300k is going to be paying a lot more than another PPL with 150 hrs and a 1960s PA32 worth $60-70k.

Rough swag, I'd guess that a 60's or 70's PA32 will probably run you between $1000-$1500 per year while a newer one worth over $200k could be anywhere from $3-6k/year.
 
rough estimate for calculating policy cost (mature pilot) standard $1M/100K.... $350 liability + 1% of AC value (hull).
 
The family plane is a 1982 Saratoga SP that was fully overhauled including all avionics to basically new about 3 years. The insurance company put a $250k value on the hull. Two pilots on the policy, I am the weak link at 100 hours, and currently in IFR training. Insurance is about $8000. So yes everything is about hull value, and the least experienced pilot using the plane, plus you can get nailed for retract.
 
Too many variables. Hangared or parked outdoors? Exclusions? Total value? Insurance limits?

Operate in Alaska with no off airport limitations and parked outdoors? Spendy. Wanna add floats? Painful!
 
1975 PA28R-200, in a hangar, $65K hull value, CPL RW SEL with IR, 230 hours in type: $912.
 
James331 said:
Jebus!

For a 200k amphib I'm just over 3k a year, that's as a ATP with about 100 in type, nowadays I don't fully insure for the full year as water ops, which is where the most insurance risk is, are hard when all the water goes from liquid to solid :)
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Would you be covered without the water-ops coverage if you busted through ice?
 
not too bad from what I am seeing here. I wouldn't want to spend more than 100k on a plane so that would keep the rates down. As for storage, I am not sure my local airport has any hangar storage, looks like just tie downs.
 
Unit74 said:
79 Archer, $85k hull, SEL INST, flown about 100 hours a year, $850/yr
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You omitted two of the important factors: time in type and time in retracts. If you start with 0 as a new owner, you are looking at double (quote) at least.

As others have pointed out, too many factors.
 
I should add my info too, though kinda pointless again, since everybody's times are different.
ASEL IR pilot.
1969 Cherokee 140: $400/yr.
1977 Cardinal RG: $1600/yr (I have only 8 hours in retract, complex, HP)
 
First year in My M20C, with about 100hrs in the logbook at the time, best quote I got was $1600 with a $45k hull value.

This year I raised the value and the quote went down, but last year is a better comparison for the OP.
 
Soldier64 said:
1975 PA28R-200, in a hangar, $65K hull value, CPL RW SEL with IR, 230 hours in type: $912.
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Same plane as above. 4 partners. 2 who have been in the plane for a good while (1 has commercial/instrument, other is ppl only). Add 2 new partners with just a ppl and 0 retract time (both about 70 or 80 hrs tt) and you get a total around $1600 (i think, it's been a year).
Sending in the new totals to the insurance company soon. I now have over 75 hrs in the plane, plus an instrument rating so it should go down a little bit.
 
PPL, VRF only, about 90 hours when I purchased. $900/year on a hangared 1962 182E.
 
Stewartb said:
Hangared or parked outdoors?
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I've often wondered if that depends on where in the country you are. This is always a question on the insurance application, but I have never noticed a significant difference in the premium between hangared or out on the ramp.
 
mkosmo said:
Would you be covered without the water-ops coverage if you busted through ice?
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Not sure, but I'd wager I wouldn't likely be around to find out.
 
StinkBug said:
First year in My M20C, with about 100hrs in the logbook at the time, best quote I got was $1600 with a $45k hull value.

This year I raised the value and the quote went down, but last year is a better comparison for the OP.
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x2 Within $100/year with 2 of us on the policy. One was 200 tt , 0 in type, and I was 300tt 10 in type, neither instrument rated.
 
1976 Cardinal RG, hangared, hull value $80k, PPL with IR and over 500 hrs in retracts: $1400.
 
I checked with Avemco today:

Over 1000hrs TT, over 500hrs in the Comanche, 600hrs retract, 45k hull, C-IR-CFI and they quoted me $1932. Last year I paid $1239 with Aviation Resources.
 
EdFred said:
I checked with Avemco today:

Over 1000hrs TT, over 500hrs in the Comanche, 600hrs retract, 45k hull, C-IR-CFI and they quoted me $1932. Last year I paid $1239 with Aviation Resources.
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Whoa. That's a HUGE difference in premium. Any idea why? Did you get a quote yet this year from AR?
 
Avemco has always quoted way higher for me.....I don't have Avemco.
 
azure said:
Whoa. That's a HUGE difference in premium. Any idea why? Did you get a quote yet this year from AR?
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Checkout_my_Six said:
Avemco has always quoted way higher for me.....I don't have Avemco.
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Yeah, I give them a shot every few years. I think the last time I had them quote they were double. So they've come down some. I expect AR to be the same or lower compared to last year. I too, don't have Avemco.
 
My insurance agent told me this month that retract insurance is through the roof this year due to all the recent accidents (I assume she meant 2015).
I don't blame the insurance companies for trying to make up the lost revenue in higher retract premiums. That's what insurance is all about, we pay for others' mistakes, hoping that one day they will pay for ours. :)
 
Avemco is excellent in the Alaska market. Personal business is allowed, no off-airport limitations, easy to turn off in-motion coverage in the winter months... I've been with them for about 15 years.
 
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