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Aircraft Insurance Update – December 2022
Posted By Benjamin Peterson
Published December 9, 2022
Recent Aircraft Insurance Quotes
Quick market update for aircraft insurance in December.
- Insurance companies start to renew their reinsurance treaties between December and February. I’ve heard there’s some big increases in their premiums which will be passed along to the aircraft owners in 2023.
- Aircraft with a hull value over $6,000,000 single pilot is quota share 50/50%
- There’s still competition among insurance companies for high quality accounts
- I’ve been accepted to the HAI Aviation Insurance Working Group (AIWG); first meeting is 12/14. I’ll report back for the January newsletter on updates and what I hear.
| Date | Make | Model | Type of Pilot | Hull Value | Premium |
| Dec 2022 | Daher | 960 | Owner Pilot Upgrading from TBM 850 | $4,800,000 | $60,000 |
| Dec 2022 | Piaggio | P180 | Pro Pilot Experienced | $3,500,000 | $29,000 |
| Dec 2022 | Cessna | 310 | Owner Pilot 1,300 Tota Time | $150,000 | $5,000 |
| Dec 2022 | Citation | Mustang | Owner Pilot Experienced | $2,350,000 | $27,000 |
| Dec 2022 | Pilatus | PC-12 | Upgrading from a Cirrus SR22; Low Time Transition Pilot; Dual Pilot for 100 Hours | $4,800,000 | $37,000 |
| Dec 2022 | Citation | CJ4 | Pro Pilot Experienced | $4,400,000 | $27,000 |
| Dec 2022 | Cirrus | SR20 | PRIV working on INST | $400,000 | $9,600 |
| Dec 2022 | Piper | M600 | Owner Pilot Experienced | $2,500,000 | $29,000 |
| Dec 2022 | Citation | Sovereign+ | Pro Pilots | $12,500,000 | $53,000 |
What We’re Talking About
Do Student Pilots and CFI’s need Non-Owned Insurance? This is our most recent article about flight schools, CFIs, and Student Pilots. Also many charter clients purchase Non-Owned Insurance to protect themselves, their families, and their companies from liability from any third party. It includes the cost for professional defense, bodily injury, and property damage.
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.