Piper PA-46 Meridian Insurance Cost Examples
Owner Pilot and Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $1,500,000 Agreed Value | $14,000 |
| Aircraft Liability | $5,000,000 Per Occurrence | $3,000 |
| Total Annual Premium | $17,000 |
Owner Pilot and Experienced but less than 1,000TT
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $1,500,000 Agreed Value | $17,000 |
| Aircraft Liability | $2,000,000 Per Occurrence | $3,000 |
| Total Annual Premium | $20,000 |
Owner Pilot and Experienced but less than 400TT
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $1,500,000 Agreed Value | $21,000 |
| Aircraft Liability | $1,000,000 Per Occurrence | $3,000 |
| Total Annual Premium | $24,000 |
Aircraft Summary
The Meridian, the latest in turboprop single technology, is designed to make the transition from piston engine aircraft easier for owner/operators. Enhanced features minimize pilot workload and maximize flying pleasure. The addition of vortex generators and a recertified stall speed results in an increased gross weight capability. Please Note: Serial numbers 4697131 and 4697137 were never produced.
Models We Cover
Valuation
The Piper PA-46 Meridian is a light, single-engine aircraft that was produced from 1999 to 2014. As of 2023, the price range for this aircraft is $645,000 to $1,605,000. Of the 578 aircraft produced during its run, 538 are still in operation while 39 have been retired. There are no aircraft currently being produced.
Risk Areas
Because of its dependence on a single power plant, the PA-46 Meridian is susceptible to mechanical breakdown or fuel-related concerns. The aircraft has been approved for flight in light icing. Pilots need to be very careful to assess weather conditions and fly within the plane’s capabilities. An accident-free flight in a PA-46 Meridian depends critically on the pilot’s competence and attention, as it does in the flight of any aircraft.
From an insurance and underwriting standpoint, these are the types of risks taken into account when determining PA-46 rates and levels of coverage. When deciding on a policy and premium, an insurer may take into account the pilot’s age, total time, make and model, retractable gear, hours last 12 months, and license and ratings.
Claim History
On April 9, 2001, a Piper PA-46 Meridian had a stall while in flight and crashed into trees in Vero Beach, Florida. The National Transportation Safety Board concluded that the aircraft’s stall and subsequent crash with trees were caused by the pilot’s inability to maintain proper airspeed. Yet, the Meridian has an excellent history of passenger safety.
Safety Features
The Piper PA-46 Meridian is equipped with a Pratt & Whitney PT6A-42A turboprop engine, known for its reliability, efficiency, and low maintenance costs. The Full Authority Digital Engine Control (FADEC) system constantly monitors the engine and provides real-time diagnostics to the pilot.
The aircraft also features Emergency Descent Protection, unique to the PA-46 Meridian, which protects against engine failure at a high altitude. Further safety features include Electronic Stability Protection (ESP), which detects and corrects deviations from the intended flight path, and Coupled Go-Around and Automatic Level Mode, which provide additional safety during takeoff and landing.
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/