Cessna Grand Caravan 208B EX Insurance Cost Examples
Cessna 208B EX - Pro Pilot, Commercial Operations, Cargo Operator
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $4,000,000 | $55,000 |
| Aircraft Liability | $20,000,000 per occurrence | $10,000 |
| Total Premium | $65,000 |
Cessna Caravan 208B EX - Pro Pilot
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $2,500,000 | $26,000 |
| Aircraft Liability | $5,000,000 per occurrence | $7,000 |
| Total Premium | $33,000 |
Cessna Caravan 208B EX - Owner Pilot, Aircraft on Amphibs
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $3,300,000 | $56,000 |
| Aircraft Liability | $2,000,000 per occurrence | $7,000 |
| Total Premium | $63,000 |
Aircraft Summary
The Cessna Grand Caravan EX is designed for tough missions that require a lot of cargo and require takeoffs from short, bumpy runways. It has the maneuverability of a much smaller plane, with the capability to take off in less than 1,399 feet and ascend at 1,275 fpm. This aircraft can reach cruise speeds of 185 ktas and travel up to 832 nautical miles. The cockpit has an organized layout with two primary flight displays (PFD) and a center multi-function display (MFD). These screens present real-time data that is essential for flying safely. Additionally, crew alerts are also displayed on the PFD for added convenience. With its impressive features, the Grand Caravan EX is an ideal aircraft for challenging missions.
Models We Cover
Valuation
The Cessna 208 EX Grand Caravan price ranges between $1,775,000 – $2,990,000. As of February 2023, factory new Grand Caravan is $2,990,000 with a lead time over a year. With floats or amphibious landing gear the price can increase.
The Cessna 208 Caravan is still in production today. Since the beginning of development in 1985 there have been a total of 5,710 Caravans and Grand Caravans produced and 2,611 currently in operation.
Risk Areas
Grand Caravans are looked at very closely by underwriters because of the potential seating capacity and wide range of operational use cases.
Claim History
The Cessna 208 Caravan and Grand Caravan have a good claims history. The aircraft are flown for many different purposes from Part 91 Pleasure & Business, Cargo, Alaska backcountry, Caribbean, and the list goes on. The typical claims are engine FOD, hangar rash, hard landings, runway incursions, and pilot error related claims.
Safety Features
The Cessna 208B EX Grand Caravan is the bigger and more powerful version of the 208B Caravan. The biggest safety feature is the reliability of the engine. It’s a Pratt & Whitney PT6 turboprop. The Caravan is a high wing design which allows for great visibility from the cockpit.
Insurance rates for the Cessna 208 Grand Caravan start around 1.5% of the hull value for well qualified pilots and go up with more risk like less qualified pilots, backcountry Alaska, Caribbean, amphibious landing gear, high passenger loads and commercial operations like Part 135 Charter and Cargo operations.
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.