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Aircraft Insurance Update – February/March 2023
Posted By Benjamin Peterson
Published February 20, 2023
Good Luck in 2023 and Let’s Do Some Deals
Quick market update for aircraft insurance in February 2023. Steady, as she goes.
| Make | Model | Type of Pilot | Hull Value | Premium |
| Diamond | DA62 | Owner Pilot Transitioning from Cessna 182T | $1,400,000 | $23,000 |
| Honda Jet | Elite | Owner Pilot 73 Years Old | $4,500,000 | $65,000 |
| Cirrus | SR22 | Experienced Pilots | $730,000 | $7,500 |
| Cirrus | Vision Jet | Owner Pilot w/ 500TT transition from SR22 | $3,000,000 | $61,000 |
| Cessna | T206H | Owner Pilot Experienced | $857,000 | 12,000 |
| Daher | TBM 910 | Owner Pilot 71 Years Old | $2,900,000 | $33,000 |
| Piper | M600 | Owner Pilot | $2,500,000 | $25,000 |
| Pilatus | PC-24 | Dual Pilot Pilots less than 1,500TT and new to PC-24 | $14,000,000 | $50,000 |
| Citation | Sovereign+ | Pro Pilot Experienced, A Lot of Claims | $9,500,000 | $55,000 |
| Bell | 505 | 75 Year Old Pilot, Liability Only | $5,500 | |
| Bell | 429 | Pro Pilots Experienced | $8,000,000 | $125,000 |
| Piper | M600 | Owner Pilot Experienced | $2,500,000 | $29,000 |
| Pilatus | PC-24 | Pro Dual Pilots | $14,000,000 | $53,000 |
| Gulfstream | G500 | US Based | $55,000,000 | $112,500 |
What We’ve Learned from Top Stories in 2023 Insurance:
- AIG has reported its Q4 2022 and full year results, with underwriting income having nearly doubled for the year – insurance companies are making more money but reinsurance costs are also going up
- Phenom and TBM Insurance Claims Survey – The median insurance cost for the Phenom 100 is $28.6K for the 100s, and $48.3K for the 300s
Good luck in 2023 and let’s do some deals!
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.