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Beechcraft Bonanza & Baron Airplane Insurance

Beechcraft Bonanza & Baron Insurance Cost Examples

Beechcraft Bonanza G36 - Owner Pilot Experienced

Coverage Limits Premium
Bonanza G36 Physical Damage $550,000 Agreed Value $4,000
Aircraft Liability $1,000,000 Per Occurrence $1,500
Total Annual Premium   $5,500

Beechcraft Bonanza G36 - Private Working on Instrument

Coverage Limits Premium
Bonanza G36 Physical Damage $400,000 Agreed Value $5,500
Aircraft Liability $1,000,000 Per Occurrence $1,500
Total Annual Premium   $7,000

Beechcraft Baron G58 - Owner Pilot Experienced

Coverage Limits Premium
Baron G58 Physical Damage $1,200,000 Agreed Value $9,000
Aircraft Liability $2,000,000  Per Occurrence $2,500
Total Annual Premium   $11,500

Aircraft Summary

The Beechcraft pistons have been around for a long time. They first started producing them in 1947 and they have continuously produced longer than any other aircraft. The Bonanzas are built with either the iconic V-Tail or the Conventional Tail. Textron bought Beechcraft in 2014.

They are often compared to the Cessna 172, 182RG, Cessna 206 Stationaire, Cirrus SR22, and Piper Malibu Mirage.

The Beechcraft Baron was the upgrade in production from the Travel Air. A new generation Baron, the G58 has special-edition 300-horsepower Teledyne Continental Motors and a state-of-the-art Garmin G1000 “all-glass” integrated avionics suite. This six passenger aircraft boasts of a 232 mile per hour top speed and a maximum range of nearly 1600 statute miles.

A new Bonanza costs $950,000 and a Baron G58 costs $1,600,000.

There are over 17,000 Bonanzas that have been produced so aviation insurance underwriters are very familiar with rating and quoting the aircraft.

There is also the America Bonanza Society for member forums and discussion https://www.bonanza.org/. Beechcraft also has the aircraft displayed each year at EAA Oshkosh.

The most common liability limit is $1,000,000 per occurrence with many owners having a sub limit per passenger of $100,000 to $300,000. The $1,000,000 “smooth” limit means there is no sub limit per passenger and better coverage. The liability premium is typically around 30 percent of the total premium. The hull value of the aircraft is typically somewhere around 70 percent of the overall premium.

An easy way to calculate what your estimated premium will be for a Piston Piper Aircraft is:: 1%, 2%, 3% and sometimes 4%

  • 1% of the hull value for experienced pilots, no dry leases or fractional, and a hull value at $250,000 or greater
  • 2% of the hull value for Private Pilots working on Instrument with a high hull value like $550,000
  • 3% of the hull value for less experienced pilots; Student Pilots working on Private Pilot, Fractional Ownership and more than 3 named pilots, and a hull value less than $250,000
  • 4% of the hull value for Student Pilots with hull value less than $150,000; Instruction and Rental; Flight Schools; Flying Clubs

Models We Cover

  • Bonanza 35
  • Bonanza 33
  • Bonanza 36
  • Debonair 35
  • Baron 58
  • Travel Air 95

Valuation

Beechcraft Bonanza and Baron piston aircraft hold their value fairly well along with the rest of the market, such as Cirrus and Cessna. There have been a few years where the value of a Bonanza and Baron have increased in value due to high demand and low supply. 

Risk Areas

The hardest aircraft to insure for Beechcraft Bonanza and Baron Aircraft are complex operations with a lot of dry leases or more than 4 Named Pilots on the policy.  We have seen some insurance companies cap the number of pilots they are willing to name at 5. Also pilots that are over 75 years old and looking for a new relationship with the aviation insurance companies. There isn’t a hard cut off age for pilots. It really is a case by case basis but there’s not many owners that can get insurance over 80 years old regardless of their flight experience. 

Claim History

Bonanzas and Baron have a high claims history but it’s primarily self-inflicted by pilot error. There have been a lot of claims but they are lower than many other aircraft in the same category and class. 

Safety Features

The newer manufactured Beechcraft pistons like the Bonanza G36 and Baron G58 have Garmin G1000 glass cockpits.  The older aircraft either just have steam gauge instruments or an older Garmin like the G530. 

Flight Training Centers

Beechcraft and Textron Flight Training Centers are located throughout the US and throughout the world. https://cessna.txtav.com/en/cpc-locator and https://sunsetais.com/wp-content/uploads/Approved-Schools.pdf

See our complete list of approved flight schools for more information.

Parts Service Centers

Beechcraft Aircraft service centers are located throughout the United States and world. Here’s a link to Piper Authorized Service Centers https://txtav.com/en/service-locator

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