Beechcraft King Air 360 / ER Insurance Cost Examples
Pro Pilot Experienced in Single Pilot Turbo Props
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $8,000,000 Agreed Value | $60,000 |
| Aircraft Liability | $25,000,000 Per Occurrence | $15,000 |
| Total Annual Premium | $75,000 |
Dual Pro Pilots
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $8,000,000 Agreed Value | $24,000 |
| Aircraft Liability | $50,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $34,000 |
Owner Pilot less than 1,500TT and Dual with Pro Pilot; Dual 100%
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $8,000,000 Agreed Value | $32,000 |
| Aircraft Liability | $10,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $42,000 |
Aircraft Summary
Introducing the 360 – Subtle Shifts, Same Price. Innovations on the 300-series production line mean structural changes and extra features, while both the 360 and 360ER maintain their base cost of $7.9 million and $8.795 million respectively.
The 360ER – the latest innovation on the 300-series production line – features numerous alterations and upgrades with no additional cost. Enjoy the same base price of $7.9 million for the 360 and $8.795 million for the 360ER. Unlock the full potential of the 300-series production line with the 360ER.
Models We Cover
Valuation
The current price range of the King Air 360 is $7,500,000 to $8,820,000, and $8,900,000 to $10,000,000 for the King Air 360ER. The price can vary depending on the customizations done to the aircraft. The King Air 350ER hasn’t been produced by Textron yet. Plans are for 2024+.
Textron began production of the Beechcraft King Air 360 in 2020, with the first aircraft being delivered in November 2020. The King Air 360 is still in production today. A total of 80 aircraft have been produced, and 72 are in operation.
Risk Areas
Risk areas for insurance companies involve King Air 360 flown by less experienced single pilot operations. Pilots over 75 years are also risky operations, according to underwriters.
Typically, underwriters will expect a pilot to have completed an inflight training or a full-motion simulator-based training within the preceding 12 months. Underwriters prefer full motion simulator training from Simcom, CAE SimuFlite, or FlightSafety.
Insurance rates start at 0.7% of the hull value for a single pilot and 0.3% for dual pilots when both pilots are 12-month simulator current in make and model.
Claim History
The King Air 360 has a low accident history. King Airs have a great claim history, so underwriters have sufficient information to weigh the risk of insuring a King Air 360.
Safety Features
King Air 360/360ER model has the best cockpit safety features compared to King Air 300. It has been upgraded to deliver better protection with top design and fusion avionics.
The cockpit features the Innovative Solutions & Support (IS&S) ThrustSense Autothrottle that controls engine power and airspeed from take-off to landing. There’s a Digital Pressurization Indication integrated with the Collins Aerospace Pro Line Fusion flight deck.
Other traits include the synthetic vision system, Engine Indicating and Crew Alerting System (EICAS), Multi-Scan Weather Radar System and Dual Flight Management System.
The integrated Terrain Awareness and Warning System, the Traffic Alert and Collision Avoidance and the Automatic Flight Guidance System help to prevent accidents. The greatest safety feature is the pilot’s experience and training.
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.