Embraer Phenom 300 / 300E Insurance Cost Examples
Dual Pro Pilots
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $8,000,000 Agreed Value | $24,000 |
| Aircraft Liability | $25,000,000 Per Occurrence | $8,000 |
| Total Annual Premium | $32,000 |
Single Pro Pilot and Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $8,000,000 Agreed Value | $50,000 |
| Aircraft Liability | $10,000,000 Per Occurrence | $20,000 |
| Total Annual Premium | $70,000 |
Owner Pilot w/ less than 1,100TT and Pro Pilot; 100% Dual
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $8,000,000 Agreed Value | $40,000 |
| Aircraft Liability | $5,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $50,000 |
Aircraft Summary
The Embraer EMB-505 Phenom 300: An 8 or 9-seater Light Jet Aircraft – Proven by FAA since 2009. With 3,650 km of Travel Range, Serial Numbers 13 & 15 Never Produced.
Experience the Next Evolution of Flight with the Embraer Phenom 300E. This light business jet, manufactured in Melbourne, Florida, starts at $9.45 million. However, with custom features and optional extras, the Phenom 300E can exceed that price tag, reaching up to $10 million. Designed with a new interior and avionics, the Phenom 300E is an upgraded version of the original Phenom 300. Equipped with a pair of Pratt & Whitney Canada PW535E turbofan engines, each producing 3,360 lbs of thrust, this aircraft offers incredible performance. With a maximum capacity of 6 people, the Phenom 300E can reach non-stop destinations of over 2,200 miles. Enjoy a cruise speed of 521 mph and fly up to 45,000 feet – well above most air traffic. Inside the cabin, the Phenom 300E’s tech panel and folding entertainment screens are integrated into the center roofline and hidden behind dark glass. The cockpit is outfitted with the Prodigy Touch Flight Deck and Garmin 3000 avionics. Serial numbers 50500595 and above are Enhanced versions.
Models We Cover
Valuation
The price range of the Embraer Phenom 300 falls between $5,390,000 and $8,490,000. The aircraft was built from 2008 to 2022, during which 497 were produced. There are 487 aircraft in operation, 6 have been retired and 4 are with the manufacturer.
The Embraer Phenom 300E, on the other hand, has a price range of $6,670,000 to $10,620,000. The manufacturing period of the Phenom 300E was from 2018 till date and 231 aircraft have been manufactured. Currently, 214 aircraft are in operation, none have been retired, 1 is still in production and 16 are with the manufacturer.
Risk Areas
Claim History
The Embraer Phenom 300/300E has a wonderful history as regards insurance claims. The aircraft has a low accident rate and is seen as a reliable choice for private jet travel.
Some claims have been from issues like fuel tank ventilation, flight control systems, and environmental control systems. But in total, the Phenom 300 series can be said to have a good claim history.
Safety Features
The Embraer Phenom 300/300E comes with two Pratt & Whitney Canada PW535E engines, which are reliable. A retractable landing gear system with electro hydraulic actuation is featured on the aircraft, allowing for smooth and secure landings. The dual hydraulic disc braking system offers precise control and efficient stopping power, ensuring a safe landing experience.
The Prodigy Touch avionics suite has advanced features such as Synthetic Vision Technology, a weather radar system and a traffic collision and avoidance system (TCAS). The Enhanced Ground Proximity Warning System (EGPWS) alerts pilots of any deviation from the aircraft’s flight envelope, helping them avoid Controlled Flight Into Terrain (CFIT).
The wind-shear detector helps pilots detect and avoid hazardous wind-shear conditions during take-off and landing. At the same time, the escape guidance system provides passengers with safe evacuation guidance in an emergency.
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.