Diamond Aircraft DA42 Twin Star Insurance Cost Examples
Owner Pilot and Experienced, PRIV INST ME
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $1,200,000 Agreed Value | $13,000 |
| Aircraft Liability | $1,000,000 Per Occurrence | $2,000 |
| Total Annual Premium | $15,000 |
Owner Pilot w/ PRIV working on INST
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $1,200,000 Agreed Value | $23,000 |
| Aircraft Liability | $1,000,000/ $250,000 Pax. | $2,000 |
| Total Annual Premium | $25,000 |
Owner Pilot Student working on PRIV
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $1,200,000 Agreed Value | $33,000 |
| Aircraft Liability | $1,000,000/ $100,000 Pax. | $2,000 |
| Total Annual Premium | $35,000 |
Aircraft Summary
The pacesetting Diamond Aircraft DA42 Twin Star is Diamond Aircraft’s first twin-engine design. The four seater low wing aircraft is powered by 2 impressive 168hp (125kW) Austro Engine E4 diesel engines. The DA42 has earned popularity with the government and military and is commonly used for training.
The aircraft has a retractable tricycle landing gear, a T-tail and carbon fiber airframe. It features a Garmin G1000 glass cockpit with FADEC control that makes it easy to fly. The DA42 was certified in 2005 by the FAA to fly under both visual flight rules (VFR) and instrument flight rules (IFR).
Models We Cover
Valuation
The price for a new Diamond DA42 is $1,300,000. However, the price can vary depending on the year manufactured.
The models of the DA-42 twin star are DA42 M, DA42 L360, DA42 NG, DA42 MPP and DA42-VI. Diamond Aircraft started production of the DA42 in 2002 and the latest version- the DA42-VI was produced in 2012. The DA42 twin star is still in production today and over 900 DA-42s have been produced.
Risk Areas
The insurance rate starts at 1% of the hull value for qualified pilots and rises to 2% for less experienced pilots and those working towards getting a multi-engine license.
Underwriters consider experienced pilots to have at least a Private License and IFR/MEL ratings, with 500 total hours, and 100 MEL hours.
Pilots with zero multi engine time will require a check pilot who meets the minimum standards of the Open Pilot Warranty. The pilot/owner would have to attend a prominent Diamond school or qualified Diamond MEI Instructor that meets the OPW.
Claim History
By 2011, the DA42 had no fatal accident record in the US. Compared to other twin-engine aircraft, the DA42 Twin star has a low accident record, similar to Cirrus aircraft.
The FAA issued an airworthiness directive (AD) on Diamond Aircraft DA42 twin-engine aircraft. This was because of two reports of uncommanded in-flight engine shutdowns related to fractured engine exhaust pipes.
The AD requires that before or upon accumulating 40 hours of time-in-service (TIS) on the affected engine exhaust pipes or within the next 10 hours of TIS after the AD’s effective date, whichever happens later.
Safety Features
The DA42 is safer to fly with Full Authority Digital Engine Controls (FADEC). The stall characteristics are also quite benign, and the aircraft is fairly difficult to stall. Pilots are forewarned of stall conditions by the sound of a warning horn at 5 to 7 knots (9 to 13 km/h) above the stall.
The aircraft comes with state-of-the-art avionics, the Garmin G1000 NXi. It features a moving map, a three-axis Garmin-built GFC 700 autopilot and GWX 70 weather radar. Garmin’s Synthetic Vision Technology (SVT) also enhances situational awareness.
A proven TKS ice protection system helps the DA42-VI to resist flight into known icing conditions. The aircraft’s wings, tail, propellers and windshield are protected with TKS fluid.
In 2012, Diamond aircraft developed a fly-by-wire version of the DA42 to reduce the accident rate. The system includes flight envelope protection, turbulence righting, autoland capabilities and damage-tolerant by-pass capabilities.
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.