Cessna Citation V / Ultra Insurance Cost Examples
Cessna Citation Ultra - Single Pilot Owner Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $2,500,000 | $19,000 |
| Aircraft Liability | $5,000,000 per occurrence | $5,000 |
| Total Premium | $24,000 |
Cessna Citation Ultra - Single Pilot Owner Less Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $2,500,000 | $25,000 |
| Aircraft Liability | $2,000,000 per occurrence | $5,000 |
| Total Premium | $30,000 |
Cessna Citation Ultra - Single Pilot Pro, Less Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $2,500,000 | $20,000 |
| Aircraft Liability | $5,000,000 per occurrence | $5,000 |
| Total Premium | $25,000 |
Aircraft Summary
The Citation V is a stretched S/II model with 1.7′ added to its length and beefed up JT15D-5A engines, which give it an impressive 22 knot boost in speed. The wings on the V are identical to the S/II, however de-icing is achieved through bleed air-heated inboard panels and silver low-profile boots on the outboard panels as opposed to glycol de-icing. Plus, two additional baggage compartments were added for extra storage space. This aircraft can be RVSM certified when Service Bulletin SB-560-34-97 is followed precisely.
In 1994, the Cessna Citation Ultra was unveiled as an improved version of the Citation V (Model 560). The aircraft featured a new Honeywell Primus 1000 avionics suite that consolidated numerous displays and replaced regular analog flight instruments. Moreover, the Pratt & Whitney JT15D-5D turbofans provided 145 extra pounds of thrust per side, and were more effective too. This impressive business jet was even named Flying Magazine’s “Best Business Jet” before production concluded in 1999.
Models We Cover
Valuation
The price range for a Citation Ultra is between $828,000 – $2,000,000. The price range for the Citation V is $890,000 – $2,053,000. The price range varies largely based on the year of the aircraft and pre-buy inspection if it’s been listed for sale. In pre-buy inspections, mechanics and appraisers are typically looking for corrosion and this applies to any aircraft. Since both the Citation Ultra and V are older aircraft the value also depends on the engine TBOs, paint, interior, and avionics along with a clean accident history and accurate maintenance logs.
The Citation Ultra was built by Cessna between 1994 – 1999. There were a total of 279 built and of that 261 are still in operation. The Citation V started production in 1989 and ended in 1994. There were a total of 262 built and 249 in operation as of February 2023.
Safety Features
The Citation 560 V or Ultra is capable of being flown single pilot with a single pilot waiver type rating. The biggest safety feature is the pilot’s training and proficiency.
Insurance rates for dual pilots start at 0.6% of the hull value and 1% for single pilots.
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.