Cessna Citation Latitude Insurance Cost Examples
Cessna Citation Latitude - Pro Pilots Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $10,000,000 | $27,000 |
| Aircraft Liability | $10,000,000 per occurrence | $9,000 |
| Total Premium | $36,000 |
Cessna Citation Latitude - Pro Pilots Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $16,000,000 | $36,000 |
| Aircraft Liability | $25,000,000 per occurrence | $10,000 |
| Total Premium | $46,000 |
Cessna Citation Latitude - Pro Pilots New to Citation and Lower Time
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $16,000,000 | $35,000 |
| Aircraft Liability | $50,000,000 per occurrence | $14,000 |
| Total Premium | $49,000 |
Aircraft Summary
The Cessna Citation Latitude is an aircraft with a low-wing design and retractable tricycle landing gear, as well as a cruciform tail. It features a pressurized cabin that can easily house two crew members and up to nine passengers (nine being the standard). The two Pratt & Whitney Canada (P&WC) PW306D1 FADEC controlled turbofan engines are mounted on the rear fuselage, allowing for plenty of range for missions typical of this class aircraft. There is also ample storage space available in the tail cone and cabin for baggage.
Models We Cover
Valuation
Cessna Citation Latitude has a price range of $13,920,000 – $21,240,000. The Latitude deliveries first started in 2015. It’s the most popular midsize business jet in the world and the valuation reflects its price.
As of 2023, there have been a total of 325 Citation Latitudes produced by Textron.
Risk Areas
Finding pilots that are going to stay with your flight department and keeping them in a regular schedule for simulator training. Sim schools are often booked out months in advance.
Claim History
Claims history for the Citation Latitude is good. Insurance companies are familiar with underwriting the Citations and will be competitive for a Citation Latitude because claims are low for dual pro pilot flight operations.
Safety Features
Safety features for the Citation Latitude are the dual type rated pilots. Insurance companies will also require both pilots to have completed annual simulator training at FlightSafety, CAE Simuflite, or Simcom. The Latitude is typically flown with pro pilots for Part 91 Industrial Aid or Part 135 Charter.
Insurance rates are between 0.25% – 0.5% of the hull value. The range depends on the experience of the pilots and overall risk profile of the operation.
Aircraft Insurance Cost Guide
Learn more about the cost of insurance for private pilots based on your aircraft type and the various factors that affect premium rates. Whether you’re seeking owner aircraft insurance or commercial aircraft insurance, this valuable information will help to make an informed decision about the best coverage for you. If you have any additional questions, please don’t hesitate to reach out!
Flight Training Centers
Citation Aircraft has training centers throughout the US and throughout the world.
See our complete list of approved flight schools and Part 141 flight schools for more information.
Parts Service Centers
Citation Aircraft has Authorized Service Centers throughout the US and throughout the world.