Aviation Insurance is full of unique Bro Deals
- Everything in aviation insurance is negotiable which is why it’s full or unique bro deals
- It all depends on your relationships with your broker, underwriter, claims history and pilot experience
- It’s quite often we hear from an underwriter that explains to us the max they can quote is such and such. And then a week later we see a policy quoted contradicting their premise because it was “grandfathered in.”
- Nothing is quite as advertised until you open the hood and take a good look inside
- Aircraft owners are no longer complaining about insurance; fuel prices on the other hand are up
| Make | Model | Type of Pilot | Hull Value | Premium | % Move |
|---|---|---|---|---|---|
| Bell | 505 | Owner Pilot with 300 Rotor Wing Hours | $1,800,000 | $47,000 | 🔻39% |
| Bell | 505 | Owner Pilot with 350 Rotor Wing Hours | $1,300,000 | $32,000 | 🔻35% |
| Bell | 505 | Owner Pilot with 280 Rotor Wing Hours | $2,000,000 | $46,000 | 🔻34% |
| Diamond | DA62 | Owner Pilot with 400 Total Time | $1,723,500 | $23,000 | 🔻25% |
| Citation | Mustang | Owner Pilot with 1,600 Total Time | $2,250,000 | $23,000 | 🔻20% |
| Bell | 505 | Hangared on Yacht with International | Liability Only | $40,000 | 🔻20% |
| Daher | TBM 960 | Owner Pilot 73 Years Old; TBM TAAP Program | $5,100,000 | $33,000 | 🔻18% |
| Phenom | 300E | Owner Pilot Experienced | $9,000,000 | $62,000 | 🔻9% |
| Citation | Bravo | Owner Pilot Experienced | $1,800,000 | $24,000 | 🔻4% |
| Embraer | Legacy 500 | Pro Pilots Experienced | $14,000,000 | $46,000 | FLAT |
| Piper | M700 | Six Named Pilots including Owner Pilot | $4,300,000 | $29,000 | FLAT |
| Citation | Mustang | Pro Pilot Experienced | $1,600,000 | $23,000 | FLAT |
| Citation | Encore+ | Father Son Owner Pilots | $3,000,000 | $28,000 | FLAT |
| Falcon | 2000 | SICs alternate in-aircraft vs sim biennially | $5,350,000 | $29,000 | FLAT |
| Citation | 650 | SICs doing FAR 61.55 in-aircraft | $2,000,000 | $25,000 | FLAT |
| Citation | 550 | SICs doing FAR 61.55 in-aircraft | $2,000,000 | $25,000 | FLAT |
| Bell | 206B | Owner Pilot with 850 Rotor Wing Hours | $350,000 | $16,000 | FLAT |
| MD | 500 | Owner Pilot with 850 Rotor Wing Hours | $1,000,000 | $30,000 | FLAT |
| Phenom | 300 | Pro Single Pilot Experienced | $7,750,000 | $63,000 | NEW |
| Citation | Longitude | Owner 74 years old and son in law pilots; high liability limit; upgraded from CE-560 | $30,000,000 | $98,000 | NEW |
| Daher | TBM 900 | Owner Pilot Upgraded from Piper Meridian | $3,000,000 | $24,000 | NEW |
| Bell | 505 | Owner Pilot with 300 Rotor Wing Hours | $1,800,000 | $40,000 | NEW |
Advice: The best way forward is to maintain a close relationship with your aviation insurance broker and underwriters so you get the best rates as things are changing.
Ben Peterson is a 15 year aviation insurance services professional, Commercial Pilot and Flight Instructor with over 1,000 hours instruction given, and former Cirrus Factory Instructor Pilot.
Benjamin Peterson
Graduated from the University of North Dakota with a degree in Commercial Aviation as a Pilot and Flight Instructor. My first professional job was working for Cirrus Aircraft as an instructor.
