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Cessna Citation Airplane Insurance

Cessna Citation Insurance Cost Examples

Citation CJ4+ - Dual Pilot Typed Rated

Coverage Limits Premium
CJ4+ Physical Damage $7,400,000 Agreed Value $20,500
Aircraft Liability $25,000,000 Per Occurrence $9,000
Total Annual Premium   $29,500

Citation Encore+ - Owner Pilot with 1,600 Total Time

Coverage Limits Premium
Encore+ Physical Damage $3,300,000 Agreed Value $21,500
Aircraft Liability $10,000,000 Per Occurrence $5,000
Total Annual Premium   $26,500

Citation M2 - Owner Pilot transitioned from Cirrus and flew dual pilot for one year

Coverage Limits Premium
M2 Physical Damage $4,000,000 Agreed Value $30,000
Aircraft Liability $5,000,000 Per Occurrence $10,000
Total Annual Premium   $40,000

Aircraft Summary

Citation has always been a twin turbine manufacturer for owner and professional pilots. They were initially created for the business market in the 70s. The Citation M2 Gen2 is new and in high demand along with pretty much all of the new delivery Citations like the CJ4+ and Latitude.

Liability premium is based on the number of seats and Use of aircraft. It typically accounts for 15% – 30% of the overall premium. The remaining 70% – 85% is from the hull value premium.

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

  • 0.5% of the hull value for experienced pilots and a smooth operation
  • 1% of the hull value for pilots over 70 years old and operations with a lot of dry leases or fractional ownership
  • 1.5% of the hull value for new transitioning pilots from an aircraft like a Diamond DA62

The Citation Jet Pilots Association CJP is a great organization and they have annual meetings and an active members forum for the Citation.

Models We Cover

  • Citation Mustang
  • Citation M2
  • Citation CJ1, CJ1+
  • Citation CJ2, CJ2+
  • Citation CJ3, CJ3+
  • Citation CJ4, Gen2
  • Citation Bravo
  • Citation Encore, Encore+
  • Citation Excel
  • Citation XLS, XLS+
  • Citation Ultra
  • Citation V, VI, VII
  • Citation Longitude, Latitude
  • Citation X, X+

Valuation

The single pilot Citation aircraft have held their value extremely well because of the pilot shortage. There have been periods recently where Citations have gone up in value. This depends largely on the supply and demand of the market. The Citation maintenance does require the Williams International engine to be overhauled every 3,500 hours so this can affect the resale value.

Risk Areas

The new Citations are very expensive. We have seen Citation CJ4s up to $12,000,000. That’s a lot of money for a Citation, but it’s a single pilot aircraft and capable of almost everything for domestic operations. When you have single or dual pilot operations with a high hull value it is very important to provide exceptional detail for the pilots and flight operations so the underwriters are familiar with the risk.

Claim History

Citations have had great claims history because they are such a great manufacturer. There are over 7,000 Citations in the market. Insurance companies know Citation and how to properly rate the risk.

Safety Features

Anyone who’s ever heard the word Citation jet knows they’re the most reliable corporate jets. Citation has maintained an impeccable reputation by creating the Citation Jet Pilots Association which has annual and local meeting get togethers to focus pilots attention on aircraft operations, safety management, and accident investigation. The accident investigation part is very important in bringing awareness. Each year they have a pilot talk about several different Citation accidents and the causes.

Flight Training Centers

Citation Aircraft has training centers throughout the US and throughout the world.

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

Parts Service Centers

Citation Aircraft has Authorized Service Centers throughout the US and throughout the world.

Find out what we can do for you