Daher-Socata TBM-960 Insurance Cost Examples
Daher TBM 960 - Experienced
|Aircraft Liability||$5,000,000 per occurrence||$6,000|
Daher TBM 960 - Owner Pilot Tranisitioning from SR22
|Aircraft Liability||$2,000,000 per occurrence||$7,000|
Daher TBM 960 - Owner Pilot w/ 1,500 Total Time
|Aircraft Liability||$2,000,000 per occurrence||$6,000|
The Daher line-up has been revolutionized with the introduction of the TBM 960 – a significant upgrade to the previous TBM 940 model. Featuring a Pratt & Whitney Canada PT6E-66XT turboprop engine and a fully digital e-throttle, this model also includes a digitally controlled cabin with an all-new environmental control system, LED ambiance lighting, and electrically-dimmable windows. Cruise at 303 knots with a 10% improvement in fuel economy versus maximum cruise speed, burning only 57 gallons per hour.
Models We Cover
The Daher TBM 960 has a price range of $4,650,000 – $4,900,000. The TBM 960 is the newest and most expensive type of TBM. It started deliveries in 2022. The lead time for a new TBM 960 is one year. So if you order a new one in February 2023 you would expect to take delivery in the first or second quarter of 2024.
As of February 2023, there have been 36 TBM 960 produced by Daher but only 19 actually delivered.
For insurance, most TBM 960s are flown as Pleasure & Business by owner pilots.
Pilots over 70 years old purchased a TBM 960 for the first time and are looking to develop new relationships with insurance companies without any record of claims history.
Other areas that are looked at closely by underwriters are dry leases, more than 2 fractional owners, more than 3 named pilots, and pilots with less than 1,000 total hours upgrading to a TBM 960 without any turbine or turboprop time. A few insurance companies will require at least 500 hours total time and 25 – 50 hours dual in make and model with a mentor pilot. Most insurance companies will require 1,000 total time and dual make and model after initial training.
Unstabilized approaches leading to prop strikes, hard landings, or runway incursions are the leading causes of claims in the TBM 960. Other non-pilot related claims are weather related physical damage, engine FOD, and bird strikes.
The TBM 960 is the newest and most expensive TBM yet. It has the Garmin G3000 avionics with Synthetic Vision Technology (SVT) avionics and a PT6 engine, two of the most reliable products in General Aviation. Daher introduces the emergency autoland system for the TBM 940 and 960 called the HomeSafe button. Anyone on board can press the button if the pilot becomes incapacitated and the aircraft will shoot an approach and make a safe landing.
Insurance rates for the TBM 960 start around 1% of the hull value for well qualified pilots and can be as high as 2% for less experienced pilots transitioning from a piston such as a Cirrus SR22.
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!