Embraer Legacy 650 / E Insurance Cost Examples
Only 2 Named Pilots; No Fractional/Dry Leases/Losses
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $15,000,000 Agreed Value | $30,000 |
| Aircraft Liability | $50,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $40,000 |
4 Contract Pilots; Fractional Owners
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $15,000,000 Agreed Value | $35,000 |
| Aircraft Liability | $50,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $45,000 |
5 Contract Pilots, and 2 Losses from Bird Strike and Hail in FL
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $15,000,000 Agreed Value | $45,000 |
| Aircraft Liability | $50,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $55,000 |
Aircraft Summary
Introducing the Legacy 650E: the cutting-edge aircraft that sets a new standard for quality and cost. Equipped with advanced automation and technology, stylish seating and a 10-year or 10,000-flight-hour warranty, its price has been reduced to $25.9 million from $31 million. Scheduled for entry into service in 2017, the Legacy 650E replaces the 600 and the Legacy 650 before it. This next-generation aircraft is compliant with all airspace mandates and requirements and offers passengers up to 14 seats arranged in three distinct cabin zones. Additional features include Primus Elite Advanced Features by Honeywell, TCAS/traffic collision avoidance system, XM-ground-based weather information, moving map, Synthetic Vision System and autothrottles, as well as inflight entertainment and internet connectivity. With four passengers, the Legacy 650E can fly up to 3,900 nm.
Models We Cover
Valuation
A preowned Legacy 650 and Legacy 650E price falls between $12,500,000 and $23,500,000. The price will depend mostly on the year it was produced since production has stopped.
Other factors include the configuration and modification, and maintenance conditions. The value is also dependent on supply and demand and moves along with the rest of the large body corporate jets.
The Embraer Legacy 650 was built from 2010 – 2016. It was upgraded to 650E in 2017, and Embraer announced the close of production for the Legacy 650E model in the third quarter of 2020.
97 Legacy 650 have been created by Embraer since 2010 and 13 of the Legacy 650E.
Risk Areas
Claim History
The Legacy 650 model belongs to the Embraer ERJ 145 family and has a low accident record. They have a good claim history and most accidents or incidents are a result of pilot error.
Safety Features
The Legacy 650E capitalizes on Safe Flight’s AutoPower Automatic Throttle System (ATS). The ATS helps in reducing the pilot’s workload. It lets the pilot control the power setting of an aircraft’s engines by selecting a desired flight characteristic instead of controlling the fuel flow manually.
The automatic throttle system (ATS) helps in IAS/Mach speed control beginning from takeoff through landing. It also improves the pilot’s situational awareness.
The Legacy 650 uses Primus Elite Enhanced features which provide xm graphical weather capability, and as well, Jeppesen electronic charts, both of which can be used through a cursor control graphical interface.
Legacy 650E avionics was boosted to Primus Elite Advanced Features (PEAS), which keeps its predecessor’s features. But, a traffic collision avoidance system was added to lessen mid-air collisions.
Synthetic Vision System (SVS) was also added to the upgraded Honeywell Primus Elite avionics suite. SVS heightens situational awareness, despite the weather or time of day, most especially before the pilot lands.
See our complete list of approved flight schools and Part 141 flight schools for more information.
Parts Service Centers
Embraer Aircraft has Authorized Service Centers throughout the US and throughout the world.