Diamond Aircraft DA62 / DA52 Insurance Cost Examples
Owner Pilot and Experienced, PRIV INST ME
|Physical Damage||$1,600,000 Agreed Value||$18,000|
|Aircraft Liability||$1,000,000 Per Occurrence||$2,000|
|Total Annual Premium||$20,000|
Owner Pilot w/ PRIV INST but less than 400TT no ME
|Physical Damage||$1,600,000 Agreed Value||$24,000|
|Aircraft Liability||$1,000,000/ $250,000 Pax.||$2,000|
|Total Annual Premium||$26,000|
Owner Pilot PRIV working on INST ME
|Physical Damage||$1,600,000 Agreed Value||$36,000|
|Aircraft Liability||$1,000,000/ $250,000 Pax.||$4,000|
|Total Annual Premium||$40,000|
Initially called the DA52, Diamond officially changed this model’s name to the DA62 in June 2014. Experience the DA62, a Light Aircraft with Five to Seven Seat Capacity. Built by Diamond Aircraft Industries, the DA62 boasts a European model with five seats and a maximum takeoff weight of 1,999 kilograms (4,407 lb) and a US version with up to seven seats and an MTOW of 2,300 kilograms (5,071 lb). Aircraft denoted with “C” in their serial number are manufactured in the Canadian facility, as opposed to the Austrian facility.
Models We Cover
The current price range of Diamond Aircraft DA62/DA52 falls between $1,2000,000 and $1,600,000. Diamond Aircraft produced the first DA62 in 2015, which is still in production today.
As of 2023, 204 DA62/DA52 have been produced. 190 are still in service while 3 have been retired. There are 11 DA62s with the manufacturer. In January 2023, Diamond Aircraft announced that Aeromot will assemble DA62s in Brazil from kits supplied by Diamond Aircraft Canada by 2025. This is to increase production to 50 aircraft per year to meet up with demands.
The insurance rate starts at 1% of the hull value for a pilot with a private, instrument and multi engine rating for non-commercial flight operations. Pilots with no multi-engine time will have higher rates for the first year. DA62s with 7 seats have higher liability premium rates than ones with 5 seats.
The hardest Diamond Aircraft to insure is Student Pilots looking to purchase a high hull value DA62/DA52 for their Private Pilot training. There are two insurance companies that can insure these types of operations, but it does take some convincing, and the rate for the first year can be up to 3% of the insured value of the aircraft.
The Diamond Aircraft DA62/DA52 has had zero fatalities in the US since it began operating. The impressive and consistent safety record of the DA62/52 fleet and Diamond aircraft as a whole gives it a good claim history.
Underwriters consider the safety record of Diamond aircraft DA62 when assessing the risk of insurance.
The twin AE330 Piston Engine is a reliable and powerful jet-fuel engine that ensures ease of operation and safety.
Diamond DA62 has a twin wing spar design to allow the fuel to be placed in separate aluminum fuel tanks located between the massive and protective spars. This design aims at protecting the fuel tanks from vulnerability to improve safety.
The DA62 aircraft is quite docile and predictable, making it perfect for training. It offers stability, control, ease of operation and a high degree of crashworthiness. The roll cage structure of the aircraft gives survival space and protection against impact. The DA62 has flammable fluid fire protection to prevent post-crash fire.
The aircraft has ice protection and can be used for flight into known icing. It provides superior visibility and twin engine safety. With the Glass cockpit, Garmin G1000 NXi is equipped with cutting-edge technologies like integrated autopilot, Synthetic Vision Technology, Automatic Flight Control System and Traffic Advisories.
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