Beechcraft Baron 58P / TC Insurance Cost Examples
COMM INST ME - Pilot Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $650,000 Agreed Value | $5,000 |
| Aircraft Liability | $1,000,000 Per Occurrence | $2,000 |
| Total Annual Premium | $7,000 |
PRIV INST ME - Pilot less than 400TT
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $650,000 Agreed Value | $8,000 |
| Aircraft Liability | $1,000,000/ $250,000 Pax | $2,000 |
| Total Annual Premium | $10,000 |
PRIV working on INST ME
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $650,000 Agreed Value | $16,000 |
| Aircraft Liability | $1,000,000/ $100,000 Pax | $2,000 |
| Total Annual Premium | $18,000 |
Aircraft Summary
The Baron 58P: A Revolutionary Airplane Model from 1976 to 1985. Offering a Pressurized Cabin and Powered by Two Continental TSIO-520-L Turbocharged Piston Engines, This Aircraft Model Was Produced 494 Times at the Price of $200,750.
The Baron 58TC and 58P, turbocharged and pressurized variants of the 1976 release, are powered by 310 and 325-horsepower Continental TIO-520s, respectively. With a larger 6100-6200 lb gross weight, these models were certified under FAR23 and provide impressive capabilities – cruising at 200 knots (370 km/h) at 8,000 ft (2,400 m), and up to 220 knots (410 km/h) at 20,000 ft (6,100 m). Using 190 US gallon (719 L) fuel tanks, their impressive performance has made them a lasting option; even after their discontinuation in 1984 and 1985, respectively, the Baron 58 still continues to be produced.
Models We Cover
Valuation
The price range of a pre-owned Baron 58 is $75,000 to $750,000, while the price of a Baron G58 can go as high as $1,600,000. The price often depends on the year of production, accident history, and the forces of demand and supply.
The Baron 58TC/P was introduced in 1976. Production of the Baron 58TC model was discontinued in 1984. The Baron 58P was more popular than the 58TC and sold almost three times better. But, the Baron 58P was also discontinued in 1985. The Baron 58 was the most popular, with a total of 2,124 built and 1,610 still in operation.
Risk Areas
Single-pilot piston aircraft rates start at 1% of the hull value for experienced pilots with over 1,000 total time. The rate increases to about 2% of the hull value for less experienced pilots or riskier operations.
Risk areas also include insuring transitioning pilots with no Multi Engine license yet or those with low experience and less than 500 hours total time. As of 2023, there are still 2,472 Baron aircraft in operation, so there’s a lot of data to guide underwriters on how to properly rate the risk.
Claim History
The twin-engine Baron 58TC/P is safe and reliable. About 80% of Baron-related accidents are a result of pilot error. Other causes include poor visibility, weather, hangar rash, prop strikes, runway incursions, and runway overruns from unstabilized approaches.
The non-standard placement of the landing gear switch in the Baron 58 models was another cause of accidents. Beechcraft placed the landing gear on the right of the throttle quadrant while the industry standard placement was at the left. This led to confusion for new pilots; however, this was corrected in 1984.
The Baron 58TC was also criticized for the design of the actuators. This was due to a crash caused by a reverse installation of the actuators, thus preventing an emergency landing. Beechcraft was criticized for not designing the trim tab actuator in a way that it could only be installed in the correct way. This industry standard is referred to as the Murphy proof.
Safety Features
The Beechcraft Baron is generally known to be one of the safest lines of multi engine piston aircraft. The Beechcraft Baron 58TC is powered by two turbocharged Continental TIO-520 engines that do well in most atmospheric conditions. The Baron 58P/TC are certified for flight into known icing (FIKI) and can endure certain weather thanks to their deicing equipment. The newest type is the Baron G58.
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
Beechcraft and Textron Flight Training Centers are located throughout the US and throughout the world.
See our complete list of approved flight schools and Part 141 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.