Beechcraft Bonanza / G36 Insurance Cost Examples
Beechcraft Bonanza G36 - Student Working on PRIV
|Aircraft Liability||$1,000,000 sub $100,000 per passenger||$1,500|
Beechcraft Bonanza G36 - PRIV working on INST
|Aircraft Liability||$1,000,000 sub $200,000 per passenger||$1,500|
Beechcraft Bonanza G36 - Owner Pilot with PRIV and INST
|Aircraft Liability||$2,000,000 per occurrence||$1,500|
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.
There are over 17,000 Bonanzas that have been produced so aviation insurance underwriters are very familiar with rating and quoting the aircraft.
Models We Cover
The low end of the cost spectrum for an older Beechcraft G36 Bonanza is $200,000. A new base model G36 Bonanza from the factory is $1,100,000. With adding a few options it’s $1,150,000. It’s only a small difference between the base and additional options because the G36 already comes with all the options included, such as air conditioning and Garmin synthetic vision avionics.
The Bonanza G36 is generally an easy aircraft for underwriters to quote because there are so many of them in operation. A few areas of the industry, including Bonanza, that have become more difficult or expensive to insure are pilots over 75 years old, Student Pilots in brand new expensive G36s or G58, too many dry leases or fractional, or greater than 3 Named Pilots.
The Bonanza G36 is a Part 91 Pleasure & Business owner flown aircraft. The most common claims are hard landings, hangar rash, weather damage, or runway incursions. There are a ton of Bonanza aircraft in operation which gives insurance companies accurate actuary numbers to property rate and underwrite.
The Beechcraft Bonanza G36 has the Garmin G1000 NXi avionics with Synthetic Vision Technology (SVT). These avionics help improve a pilots ability to shoot instrument approaches and situational awareness when flying IFR. Insurance companies are very familiar with underwriting the Bonanza and Beechcraft/Textron as a manufacturer.
Insurance rates for a Bonanza G36 start around 1% of the hull value for experienced pilots and a smooth operation.
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!