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Beechcraft Airplane Insurance

Beechcraft Insurance Cost Examples

King Air B200 - Single Pilot and Experienced

Coverage Limits Premium
B200 Physical Damage $2,100,000 Agreed Value $12,000
Aircraft Liability $10,000,000 Per Occurrence $10,000
Total Annual Premium $22,000

Beechcraft Premier 1A - Pro Pilot and Experienced

Coverage Limits Premium
Premier Physical Damage $1,500,000 Agreed Value $10,000
Aircraft Liability $10,000,000 Per Occurrence $6,500
Total Annual Premium $18,500

Baron G58 - Owner Pilot Experienced

Coverage Limits Premium
G58 Physical Damage $1,200,000 Agreed Value $12,000
Aircraft Liability $1,000,000 Per Occurrence $1,300
Total Annual Premium $13,300

Aircraft Summary

In 2014 Textron merged with Beechcraft to form Textron Aviation and all of the product lines were merged under the new company. Beechcraft has a very diverse fleet of aircraft for pretty much all flight operations. The King Air, Hawkers, and Premiers are primarily professional pilots that are doing training annually. The single engines and reciprocating engines like the Baron, Bonanza, Denali and T-6 are owner flown for Part 91 operations. There are typically no training annual requirements for these aircraft.

Liability premium is based on the number of seats and use of the aircraft. The seating configuration for Beechcraft products varies widely with the Beechcraft T-6 having two tandem seats and a King Air 360ER having a total of 12 seats. Aviation insurance underwriters will take a much closer look at the pilots on aircraft with more than 6 seats. Typically the hull value is 70% of the overall premium and the liability is 30%. 

An easy way to estimate or visualize the premium for a Beechcraft is: 0.5%, 1%, 1.5%, and 2%

  • 0.5% of the hull value for King Airs, Hawkers or Premiers with two pilots doing training annually
  • 1% of the hull value for single pilot operations with over 6 seats in the aircraft
  • 1.5% of the hull value for experienced pilots with less than 6 seats
  • 2% of the hull value for less experienced pilots or riskier operations

Some of the aviation insurance companies have started throwing deductibles on all of the aircraft policies, such as $5,000 to $10,000, to help mitigate risk.

Models We Cover

  • Baron 58
  • Beechjet 400
  • Bonanza
  • Denali
  • Hawker 800, 900
  • King Air
  • Premier 1A
  • T-6

Valuation

The Beechcraft aircraft hold their value about the same as the rest of the aircraft market. Much of the resale value of Beechcraft or any aircraft depends on the supply and demand of the market. In the COVID days, aircraft were in extremely high demand. Anyone who was sitting on the fence with the means to purchase an aircraft did. Now manufacturers are still on backorder for new delivery aircraft for a year and a half.

Risk Areas

The hardest Beechcraft aircraft to insure is single pilot operations with pilots that are either transitioning or have low experience, such as less than 1,000 hours total time. A lot of the business jet market is transitioning to single pilot operations. The King Airs and Premiers have always been single pilot. A brand new Beechcraft King Air 360ER can cost over $9,000,000. If it’s going to be operated single pilot it’s likely going to be based on a quota share insurance policies where two insurance companies are sharing the risk to make up 100% of the risk.

Claim History

Beechcraft has a great claims history. There’s such a large number of active Beechcraft in operation the underwriters have a lot of data on how to properly rate the risk over a long period of time.

Safety Features

The fleet of King Airs has one of the best safety records in the business jet category. The King Airs have two Pratt & Whitney PT6 engines which are extremely safe and reliable. New Beechcraft products have Collins Aerospace Pro Line Fusion Avionics with enhanced synthetic vision and improved situational awareness.

Beechcraft aircraft are operated in over 150 countries throughout the world by individuals, companies, and governments and there are more than 6,000 aircraft in operation worldwide.

Flight Training Centers

Beechcraft and Textron Flight Training Centers are located throughout the US and throughout the world. 

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

Parts Service Centers

Beechcraft has the same authorized service centers as Cessna because they are both owned by Textron Aviation. Beechcraft Authorized Service Centers are located throughout the US and throughout the world. 

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