Piper PA-46 Malibu Insurance Cost Examples
Owner Pilot and Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $700,000 Agreed Value | $8,000 |
| Aircraft Liability | $2,000,000 Per Occurrence | $3,000 |
| Total Annual Premium | $11,000 |
Owner Pilot and Experienced but less than 1,000TT
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $700,000 Agreed Value | $10,000 |
| Aircraft Liability | $1,000,000 Per Occurrence | $3,000 |
| Total Annual Premium | $13,000 |
Owner Pilot and Experienced but less than 500TT
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $700,000 Agreed Value | $13,000 |
| Aircraft Liability | $1,000,000/ $250,000 Pax. | $3,000 |
| Total Annual Premium | $16,000 |
Aircraft Summary
The Piper PA-46 Malibu: A Single-Engine, Six-Seat Corporate Aircraft with Pressurized Cabin and Retractable Landing Gear Created by US-American Manufacturer, Piper Aircraft Corporation, New Piper Aircraft and Now, Piper Aircraft, Inc.
The Piper Mirage is a piston-engine aircraft designed for pressurization. Furnished with dual turbochargers and superior speed of up to 213 ktas, it offers an extraordinary flying experience up to 25,000 ft. Not only does the Mirage provide comfortable pressurized travel but also enables efficient fuel consumption at any altitude, making it a cost-effective alternative.
Models We Cover
Valuation
You can expect to pay between $300,000 and $1,000,000 for a Piper PA-46 Malibu. 356 of these planes were built between 1984 and 1986. A total of 238 Piper PA-46 Malibus are currently in use, with a further 118 having been decommissioned.
Risk Areas
The Piper PA-46 Malibu has been involved in several accidents and incidents, which could lead to higher insurance premiums and greater scrutiny from underwriters. For example, the PA46 series sees many accidents/incidents, and self-insuring such an aircraft may be too risky.
The climb rate of the Malibu decreases rapidly at high altitudes, potentially making it more difficult to operate safely. This is also a factor that insurance underwriters consider when assessing the risk associated with insuring the aircraft.
Claim History
Many accidents have occurred with the Piper PA-46 Malibu. Some highlights are as follows: A Piper PA-46 Malibu vanished in the middle of the English Channel in January 2019 while on route from Nantes, France, to Cardiff, Wales. While the remnants of the plane were located, the pilot and passenger were never located.
A Piper PA-46 Malibu carrying four passengers went down in Texas in May of 2016. A malfunction in the plane’s fuel system was blamed as the root cause of the crash. In November of 2017, a Piper PA-46 Malibu crashed, killing three persons. At first, the cause of the crash was unknown, however it has now been found that a mechanical breakdown was to blame.
Off the coast of Florida in January 2014, a Piper PA-46 Malibu plunged into the ocean, killing the pilot on board. Spacetime disorientation was determined to be the root cause of the accident.
Safety Features
The Piper PA-46 Malibu is powered by a Continental TSIO-520BE engine designed to be reliable and efficient. Its engine has redundant systems, so if one fails, another is in place to take over. The Electronic Stability Protection (ESP) system helps the pilot maintain control of the aircraft during unexpected turbulence or upsets.
The Piper PA-46 Malibu is equipped with many anti-icing and de icing systems that prevent ice buildup on critical aircraft components including the wings and engines. The flight controls are automatically adjusted to keep the plane from stalling or spinning during these conditions.
Also, the aircraft has redundant electrical and hydraulic systems, which serve as a backup in the event of a malfunction and increase the aircraft’s dependability. Emergency oxygen is available in the Piper PA-46 Malibu to combat the effects of altitude sickness.
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/