Commercial certificate help insurance

[zbrown5]

Will getting my commercial ticket reduce my insurance premium on my Deboniar, or make me more insurable on a larger plane if I go that route later in life? Or is it all about hours?

 

[EdFred]

Not a single penny.

Instrument and hours in type (or complex/HP in general) help, but commercial certificate is a throwaway when it comes to insurance. With bigger planes, recurrent training (6-12 months) at Simcom or the like will reduce rates. Though in some planes, may be a requirement, and not just a rate reduction.

 

[Grum.Man]

I'm not so sure the instrument rating helps that much anymore. I think they just assume everyone will crash eventually so rate is primarily based on hull value. You might save $100.00 a year if that with the instrument rating but the commercial does squat.

 

[scottfromboston]

I'm not so sure the instrument rating helps that much anymore. I think they just assume everyone will crash eventually so rate is primarily based on hull value. You might save $100.00 a year if that with the instrument rating but the commercial does squat.

I think that depends on the airframe. We found a bit of a discount on our Diamond as partners got instrument ratings. Cirrus or Bo with any partner without IR was an increase of 50-100% (if we got a quote at all). Commercial likely won't affect it, though I've been told it can help with life insurance rates.

 

[JScarry]

YMMV but for me an instrument rating changes the rate for including me on the policy in the C210 significantly ($300 -$1,200 depending on insurer) and opens up more insurers. Instrument has no effect whatsoever on the Cherokee.

 

[zbrown5]

Good to know. I think we may be shopping for a Malibu derivative at some point so want to be prepared to be Insurable when that time comes. And, would love to be able to step into a twin some day too.