Piaggio P180 Avanti EVO Insurance Cost Examples
Pro Pilot and Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $6,000,000 Agreed Value | $50,000 |
| Aircraft Liability | $10,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $60,000 |
Owner Pilot and Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $6,000,000 Agreed Value | $55,000 |
| Aircraft Liability | $5,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $65,000 |
Pro Pilot less than 1,500TT
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $6,000,000 Agreed Value | $65,000 |
| Aircraft Liability | $2,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $75,000 |
Aircraft Summary
The Avanti EVO: Piaggio Aero Industries’ Innovative High-Speed Turboprop. Experience the latest model in the Avanti II family, equipped with its remarkable speed of 463 mph, range of 1,980 miles, eco-friendly nacelles, winglets and a reshaped front wing – all enhancing climb performance by 3% and reducing emissions by 3%.
The Rinaldo Piaggio Avanti P180: A Revolutionary Aircraft With Performance and Comfort To Match.
Experience the innovative design of the Avanti P180, an Italian-manufactured aircraft unlike any other. Its pusher-prop arrangement, with reversed engines on the wing, give it performance figures that match corporate jets. Enjoy a cabin so quiet you won’t even know you’re flying. Plus, come the third quarter of 2002, official Supplemental Type Certification for RVSM will be available.
Models We Cover
Valuation
The price range of the Piaggio P180 falls between $1,050,000 and $2,796,000. Production of the P180 commenced in 1990 and was stopped in 2005. 104 P180s were produced, 80 are still in operation while 24 have been retired.
The Piaggio Avanti Evo price range falls between $4,543,000 and $7,696,000. The last variant of the Avanti P180, the Avanti Evo production started in 2015, and the aircraft is still in production today. 17 Avanti Evos have been produced, 15 are in operation while 2 are with the manufacturer.
Risk Areas
One of the major risks for Avanti Evo insurance providers is parts scarcity. This is a major concern for insurers as the aircraft parts are usually delivered late. As a result, the cost for the aircraft to sit in maintenance can increase repair expenses.
As a result, some of the already few aviation underwriters have stopped giving quotes for Avanti aircraft.
Underwriters consider qualified Avanti P180 pilots to have at least a private license, MEL/IFR ratings, with 3,000 total hours, 1,500 Multi-Engine/Turbine, and 100 hours in the make/model.
The insurance rate starts at 1% of the hull value for experienced pilots and single ownership with no dry leases or mid-term policy changes. It increases to 2% of the hull value for less experienced pilots, a high number of named pilots like over 3 pilots, constantly requesting extensions for training, dry leases, fractional ownership, etc.
Claim History
The typical claim for Avanti is Foreign Engine Debris (FOD), hangar rash, hail, etc.
There have also been reports of windshields cracking in flight due to a gas leak between the outside and inside pane. This is often considered normal wear and tear and not an insurance claim. Replacing a side of a new Avanti windshield can cost over $50,000.
Owners of Avanti Evos also complained about the delay in getting aircraft parts and the lack of customer support from the company. This has led to frustration among operators.
Safety Features
The Piaggio P180 is equipped with the Rockwell Collins Avionics suite in the cockpit. WXR-840 solid-state weather radar and Universal UNS-1kFMS systems are standard equipment for enhanced situational awareness. A Rockwell Collins TWR-850 Doppler turbulence detection radar can also be fitted on request.
The Piaggio Avanti EVO is powered by two Pratt & Whitney PT6 engines which are one of the most reliable engines. The aircraft generally facilitate ice detection during day and night flights. The ice detector probe alerts the pilots of icing conditions, and a visual ice accretion probe acts as a backup to the ice detector.
The Piaggio Avanti EVO is suited with Rockwell’s Collins Pro Line 21 avionics suite. It features a Primary Flight Display (PFD) with a map display and a Flight Management System (FMS) Message window.
The Traffic Collision and Avoidance System (TCAS), Ground Proximity Warning System (GPWS), and Terrain Awareness and Warning System (TAWS) are also instrumental in in-flight safety.
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
Avanti Flight Training Centers are located at FlightSafety International in their full motion simulator where you can practice stalls, engine failures, and V1 cuts. SimsAir is another one.
See our complete list of approved flight schools and Part 141 flight schools for more information.
Parts Service Centers
Avanti Authorized Service Centers are located throughout the US and throughout the world.