Pilatus Insurance Cost Examples
Pilatus PC-12 NGX - Pro Pilot and Exceptional Operation
|PC-12 Physical Damage||$4,500,000 Agreed Value||$14,500|
|Aircraft Liability||$25,000,000 Per Occurrence||$9,500|
|Total Annual Premium||$24,000|
Pilatus PC-12 - Pro Pilot 70 Years Old
|PC-12 Physical Damage||$3,500,000 Agreed Value||$24,000|
|Aircraft Liability||$3,000,000 Per Occurrence||$7,500|
|Total Annual Premium||$31,500|
Pilatus PC-24 - Dual Pilot Type Rated
|PC-24 Physical Damage||$10,000,000 Agreed Value||$30,000|
|Aircraft Liability||$50,000,000 Per Occurrence||$18,000|
|Total Annual Premium||$48,000|
Everyone knows the Pilatus as a great manufacturer. Every aircraft Pilatus makes is capable of being operated single pilot. The Pilatus PC-7 was the first aircraft built as a military trainer for Air Forces in the 1970s. The Pilatus PC-12 has been a high selling aircraft since the beginning of manufacturing in 1991. The newest Pilatus is the PC-24 with twin turbine engines and costs in excess of $12,000,000.
Pilatus aircraft are flown for Part 91 Pleasure & Business and Industrial Aid operations. There are also a lot of people who use them for Part 135 Charter. Liability premium is based on the number of seats and typically accounts for 15% – 30% of the overall premium. The remaining 70% – 85% is from the hull value premium.
An easy way to estimate or visualize the premium for a Pilatus Aircraft is: 0.5%, 1%, and 1.5%.
- 0.5% of the hull value for exceptional pilot and clean operation
- 1% of the hull value for pilots over 70 years old and operations with a lot of dry leases or fractional ownership
- 1.5% of the hull value for new transitioning pilots from an aircraft like a Cirrus SR22
The Pilatus Owners and Pilots Association POPA is a great organization and they have annual meetings and an active members forum.
Models We Cover
Pilatus hold their value very well. There have been periods recently where they have gone up in value. This depends largely on the supply and demand of the market. The Pilatus maintenance does require the Pratt & Whitney PT6 engine to be overhauled every 3,500 hours so this can affect the resale value.
The hardest operations to insure for Pilatus owners and operators is pilots with less than 2,000 hours total time transitioning into the Pilatus. Another difficult to insure operation is pilots over 70 looking for a new relationship with the insurance companies.
The Pilatus PC-24 brand new can cost over $12,000,000 and is capable of being operated single pilot, but most operations are conducted dual pilot.
Overall, the Pilatus aircraft has had a great claims history as a manufacturer and because there are a lot of them, insurance companies have a lot of claims history data.
The Pilatus aircraft are very safe, reliable and trustworthy. Newer Pilatus have the Honeywell Epic 2.0 avionics. Pilatus isn’t an aircraft that is known for its speed, but they do have a very impressive resume when it comes to payload and range.
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!