Beechcraft Super King Air 300 / 300LW Insurance Cost Examples
Pro Pilot Experienced in Single Pilot Turbo Props
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $6,000,000 Agreed Value | $43,000 |
| Aircraft Liability | $25,000,000 Per Occurrence | $11,000 |
| Total Annual Premium | $54,000 |
Dual Pro Pilots
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $6,000,000 Agreed Value | $16,000 |
| Aircraft Liability | $10,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $26,000 |
Owner Pilot with 1,500TT and Dual with Pro Pilot; Dual 100%
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $6,000,000 Agreed Value | $23,000 |
| Aircraft Liability | $10,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $33,000 |
Aircraft Summary
The King Air 300 is equipped with two Pratt & Whitney Canada PT6A-60A turboprop engines that produce 1,050 shp each. Its four blade, full feathering propellers can be reversed at any speed and require inspection every 3,600 hours of operation. For communication, dual Collins VHF 22A units are installed while dual VIR 32s, dual DMEs, and dual ADF 60As provide navigation, the Collins FDS85 Flight Director System, Collins APS65 Autopilot, and Sperry 300 Color Weather Radar handle guidance and monitoring. The cabin of the Super King Air 300 comes configured for eight passengers in various seating arrangements such as a combination of club chairs and individual or divan seats. A large baggage compartment is located in the aft and a lavatory can be found aft of the main seating. Finally, the cabin has dimension of 4.8ft in height, 4.5ft in width, and 16.7ft in length.
The King Air 300LW is the “Light Weight” version in this popular line of corporate and utility transports, with a max weight reduced to minimize costly airways user fees. Fueled by a pair of Pratt & Whitney Canada PT6A-60A turboprop engines rated at 1,050 shp each, this aircraft boasts four blade, full feathering, reversible constant speed propellers and an engine inspection interval of 3,600 hours. Fully-equipped, the King Air 300LW features dual Collins VHF 22A comms, dual VIR 32 navs, dual DME, dual ADF 60A, Collins FDS85 flight director system, Collins APS65 autopilot, and a Sperry 300 color weather radar. The seating arrangements for the King Air 300LW can be customized but eight passengers would typically be seated in a combination of club and individual or divan seating.
Models We Cover
Valuation
The Beechcraft Super King Air 300 price range is $780,000 to $2,600,000, while the King Air 300 LW price falls between $1,255,000 to $1,405,000. The price of a particular King Air 300 will depend on the year manufactured, total time of the airframe, avionics upgrades, maintenance schedule, and overall condition of the paint and interior of the aircraft.
Beechcraft built the Super King Air 300 from 1984 to 1991. The aircraft was upgraded to 300 LW in 1991, and the production of the King Air 300 LW ended in 1994. 225 King Air 300 were built by Beechcraft, 185 are still in operation, while 22 King Air 300 LW were built, and 17 are still operating today.
Risk Areas
Risk areas for insurance companies involve a King Air 300/300LW flown by a single pilot. Pilots over 72 years old looking for a new insurance company may have premiums increased, or liability limits decreased. Depending on the carrier, they might be required to complete annual Medical and EKG by an AME.
Insurance companies will require pilots to have undergone in-flight training or 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 single pilots and 0.3% for dual-type rated and 12-month current pilots.
Claim History
Beechcraft King Air 300/300 LW aircraft operated by a single pilot were involved in far fewer accidents than other turboprop twin-engine planes. The King Air 300 is an old aircraft, so underwriters have sufficient data to rate the risk involved in covering a King Air 300.
Safety Features
The Super King Air 300/300 LW PT6A-60A is a safe and reliable engine. The aircraft’s avionics creates a safe flight environment for pilots and passengers with a new level of functionality and situational awareness.
Super King Air 300/300LW features the Integrated Flight Information System (IFIS), next-generation Flight Management System (FMS), outstanding dispatch reliability, and superior display graphics technology. Some models also have Color Airborne Weather Radar and Ryan TCAD-9900B Traffic Detection.
Nevertheless, the most important safety feature for any aircraft is the pilot’s knowledge 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.