Piper M600 / SLS Insurance Cost Examples
Owner Pilot and Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $3,500,000 Agreed Value | $26,000 |
| Aircraft Liability | $5,000,000 Per Occurrence | $6,000 |
| Total Annual Premium | $32,000 |
Owner Pilot and Experienced but less than 1,500TT
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $3,500,000 Agreed Value | $31,000 |
| Aircraft Liability | $2,000,000 Per Occurrence | $5,000 |
| Total Annual Premium | $36,000 |
Owner Pilot and Experienced but less than 600TT
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $3,500,000 Agreed Value | $36,000 |
| Aircraft Liability | $1,000,000 Per Occurrence | $4,000 |
| Total Annual Premium | $40,000 |
Aircraft Summary
The M600 is the latest addition to the M-Class family of airplanes, based on the PA-46 Malibu. This aircraft has the same fuselage as its predecessors, yet the newly designed wing allows it to store an extra 90 gallons of fuel, extending its range from 1,000 nautical miles (M500) to 1,300 nm with reserves for the M600. The maximum gross weight of the M600 has increased significantly, going up by 900 pounds to 6,000 lbs. In comparison, the M500’s standard useful load is only 1,698 lbs, whereas the M600’s jumps to 2,400 lbs.
Get Ready to Experience the Ultimate in High-Performance Flying with the Piper M600/SLS! Certified FAA with Garmin AutoLand, this pressurized single-engine turboprop is based on the Piper M500 (Piper Malibu Meridian). Featuring an all-new wing design and increased fuel capacity, the M600 offers a range of up to 1,406nm and a max speed cruise speed of 274 ktas. Equipped with the touchscreen avionics of the Garmin G3000, the M600/SLS features the exclusive Piper ‘Halo Safety System’, which includes AutoThrottle, AutoLand, Automatic Level Mode, SafeTaxi, Terminal Traffic, and more. Powered by the P&WC PT6A-42A turboprop engine with 600 shp, you can enjoy the ultimate in high performance and safety with the Piper M600/SLS!
Models We Cover
Valuation
The Piper M600/SLS plane is priced from $2,695,000 to $3,205,000. Presently, 97 of the 101 aircraft produced so far are actively flying; 2 are in storage; and one has been grounded indefinitely. Production started in 2019 and is still ongoing.
Risk Areas
The Piper M600/SLS has several risk areas that insurance underwriters consider when providing coverage for the aircraft. The new technology integrated into the Piper M600/SLS, such as the Garmin G3000 avionics suite and the Autoland system, may increase the aircraft’s risk profile.
The M600/SLS is a high-performance option in general aviation—it travels faster and higher than other types of aircraft. But experts worry that this increased capability also may lead to an increase in accidents. The M600/SLS’s performance makes it more dangerous to fly, because many pilots lack extensive experience in its cockpit.
Claim History
Being an extremely new aircraft, the Piper M600 and SLS have a limited accident record from which to learn. It should be kept in mind, however, that human error on the part of the pilots may account for some of the events rather than faulty aircraft components.
Safety Features
The Piper M600/SLS is a secure and dependable aircraft thanks to its various security measures. Garmin’s Autoland technology is included into the HALO Safety System. In the case of a pilot emergency, it takes control of the plane and safely lands it at the closest appropriate airport.
The Garmin G3000 Avionics Suite is the cutting edge of avionics for light planes. The computerized autopilot, weather radar, and hazard avoidance systems are just a few of the safety features included. The augmentation of the Flight Control System (AFCS) increases steadiness while decreasing pilot effort.
The aircraft’s aerodynamic design includes winglets that reduce wind resistance and increase control. The Pratt & Whitney Canada PT6A-42A engine it uses is renowned for its dependability and longevity. Safe engine operation is ensured by a number of built-in safeguards, such as automated engine protection systems and redundant systems.
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
Piper Flight Training Centers are located throughout the US and throughout the world. Here’s a link to Piper Training Centers https://www.piper.com/flight-schools/ or https://sunsetais.com/wp-content/uploads/Approved-Schools.pdf
See our complete list of approved flight schools and Part 141 flight schools for more information.
Parts Service Centers
Piper Authorized Service Centers are located throughout the US and throughout the world. Here’s a link to Piper Authorized Service Centers https://www.piper.com/find-a-service-center/