Cessna Citation VII / 650 Insurance Cost Examples
Cessna Citation VII - Dual Pro Pilots
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $2,500,000 | $17,000 |
| Aircraft Liability | $10,000,000 per occurrence | $5,000 |
| Total Premium | $22,000 |
Cessna Citation VII - Dual Pilot Pro and Owner Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $2,500,000 | $18,000 |
| Aircraft Liability | $5,000,000 per occurrence | $6,000 |
| Total Premium | $24,000 |
Cessna Citation VII - Dual Pilots New to Citation
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $2,500,000 | $19,000 |
| Aircraft Liability | $5,000,000 per occurrence | $7,000 |
| Total Premium | $26,000 |
Aircraft Summary
The VI and VII models are the follow-up to the III model. The former is a stripped-down version of the latter, while the latter is an all-out, no holds barred iteration of the same aircraft. They both feature the same fuselage, wing, and tail as their predecessor, with the VI even utilizing identical engines. However, the VII has been outfitted with more powerful TFE-731-4R-2S engines that give it superior speed, climb rate, and hot and high takeoff performance. Furthermore, this aircraft can be RVSM certified upon completion of Service Bulletin SB-650-34-97.
Models We Cover
Valuation
As of 2023 the market value of a Citation VII is $1,374,000 – $2,422,000. The price range varies largely based on the year of the aircraft and pre-buy inspection if it’s been listed for sale. In pre-buy inspections, mechanics and appraisers are typically looking for corrosion and this applies to any aircraft. The Citation VII was built between 1992 to 2000. The value depends on the engine TBOs, paint, interior, and avionics along with a clean accident history and accurate maintenance logs.
There were a total of 119 built by Cessna and 111 are still in operation, as of February 2023.
Safety Features
The Citation 650s or VII are dual pilot aircraft and a lot of the safety features in a flight operation depends on the experience of the pilots. Insurance companies will typically require both pilots to have completed annual simulator training in the Citation 650 annually.
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
Citation Aircraft has training centers 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
Citation Aircraft has Authorized Service Centers throughout the US and throughout the world.