Diamond Aircraft DA40 Diamond Star Insurance Cost Examples
Owner Pilot and Experienced, PRIV INST
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $500,000 Agreed Value | $5,000 |
| Aircraft Liability | $1,000,000 Per Occurrence | $1,000 |
| Total Annual Premium | $6,000 |
Owner Pilot PRIV working on INST
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $500,000 Agreed Value | $9,000 |
| Aircraft Liability | $1,000,000/ $250,000 Pax. | $2,000 |
| Total Annual Premium | $11,000 |
Owner Pilot Student working on PRIV
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $500,000 Agreed Value | $14,000 |
| Aircraft Liability | $1,000,000/ $100,000 Pax. | $2,000 |
| Total Annual Premium | $16,000 |
Aircraft Summary
The DA 40 single-engine aircraft is the four-seat version of the two-seater DA20. It is a low-wing aircraft with a composite airframe, fixed landing gear and a T-tail. The DA40 can be powered by a 180 hp Lycoming IO-360-M1A engine or 168 hp turbocharged AE300 jet fuel engine.
The recent DA40 Diamond Stars are suited with a G1000 NXi glass cockpit with an optional ultra -precise GFC700 Automatic Flight Control System.
Models We Cover
Valuation
The price of the DA40 Diamond Star falls between $200,000 to $490,000 and the value of a DA40 will depend on the year and version.
Diamond Aircraft built the first DA40 Diamond Star in 1997 and it is still in production today. There are three official versions of the DA40: DA 40, DA 40D, and DA 40F. Over 2,200 DA40 aircraft have been produced.
Risk Areas
Risk areas for insurance involve new expensive DA40 Diamond Stars flown by high time Student Pilots that take too long to get a Private.
The insurance rate starts as low as 1% of the hull value for Private Instrument Pilots and 3% of the hull value for Student Pilots. The impressive safety record of the DA40 gives it an attractive insurance rate.
Claim History
The DA40 Diamond Star boasts a long-term safety record. It has a very low accident record, especially for stall and spin accidents. It has no stall accident record.
The estimated fatality rate for DA40 accidents is one-eighth of the general aviation fleet. The level of safe operation is attributed to its high aspect ratio wing, low wing loading and benign flight characteristics.
In 2011, Aviation Consumer magazine claimed that the DA40 fatal accident rate was 0.35 per 100,00 hours. This was the lowest in the US general aviation market for the year.
The level of safe operation is attributed to its high aspect ratio wing, low wing loading and benign flight characteristics.
Safety Features
The DA40 Diamond Star has the best safety features. From active to passive safety provisions, the DA40 has shown that it puts safety first. The aircraft has a certified deicing system to prevent ice-related accidents. It also has remarkable visibility, reliable power, positive stability and continued controllability through a stall.
The DA40 G1000 NXi flight deck features an optional ultra-precise GFC700 Automatic Flight Control System and superior situational awareness, convenience, and safety. Other features include Traffic Advisories, Synthetic Vision Technology, Satellite WX, and Entertainment.
To increase the survival rate during accidents, the roll-cage structure provides survival space and impact protection. The non-critical structure of the aircraft is allowed to fail to help absorb crash energy. Likewise, the cabin structure is designed to resist crushing and penetration to afford maximum occupant protection.
The seat shells have energy-absorbing crash elements and anti-submarine geometry. DA40 also has unobstructed head strike zones and flammable fluid fire protection to minimize the risk of post-crash fires.
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
Diamond Aircraft Flight Training Centers are located throughout the US and throughout the world. Diamond also has OEM simulator training
See our complete list of approved flight schools and Part 141 flight schools for more information.
Parts Service Centers
Diamond Aircraft Authorized Service Centers are located throughout the US and throughout the world.