Insurance rate shocker

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Nomore767
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Re: Insurance rate shocker

Postby Nomore767 » Mon Jun 22, 2020 9:45 pm

For me:-

2017 $1305
2018 $805
2019 $805
2020 $989

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drseti
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Re: Insurance rate shocker

Postby drseti » Mon Jun 22, 2020 9:54 pm

Nomore767 wrote:2019 $805
2020 $989


That's still a 23% increase this year (which seems to be about par for the current market).
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
fly@AvSport.org
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Nomore767
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Re: Insurance rate shocker

Postby Nomore767 » Tue Jun 23, 2020 7:31 pm

Yes but still considerably below what I was paying just three years ago.
So, in my case, the ‘shocker’ was paying less than previously.

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MrMorden
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Re: Insurance rate shocker

Postby MrMorden » Fri Jul 10, 2020 4:02 pm

Just paid my 2020 premium, it went from $1140 last year to $1277 this year. This is a 12% increase -- not terrible IMO, considering how many additional dollars were printed this year.
Andy Walker
Athens, GA
Sport Pilot ASEL, LSRI
2007 Flight Design CTSW E-LSA

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Paul_G
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Re: Insurance rate shocker

Postby Paul_G » Tue Aug 04, 2020 1:56 pm

My premium for 2020/21 renews this month and the quote is $3,136 which includes:

$130,000 Ground & Flight zero deductible at $2,839
$1,000,000 Liability at $296

The agency is Falcon Insurance (through EAA) and the Carrier is AIG

I have around 220 hours as a private pilot and have never had any claims.

Previous premiums:
2019/20 $2,987
2018/19 $2,431
2017/18 $2,836.

Am I getting penalized for being old?
Paul G
N400TL 2016 Sirius TL-3000
Chelan, WA (S10)

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drseti
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Re: Insurance rate shocker

Postby drseti » Tue Aug 04, 2020 2:21 pm

Paul_G wrote:Am I getting penalized for being old?


I don't know. Paul. Are you old?

Most likely, we are all being penalized for being pilots.
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
fly@AvSport.org
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US

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Paul_G
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Re: Insurance rate shocker

Postby Paul_G » Tue Aug 04, 2020 3:45 pm

I don't know. Paul. Are you old?


72, but don't tell anybody.... I started lessons at 69 and passed my check-ride at 70. Never too late to start something new.
Paul G
N400TL 2016 Sirius TL-3000
Chelan, WA (S10)

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drseti
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Re: Insurance rate shocker

Postby drseti » Tue Aug 04, 2020 5:56 pm

Paul_G wrote:Never too late to start something new.


Absolutely! 8)
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
fly@AvSport.org
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US

fatsportpilot
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Re: Insurance rate shocker

Postby fatsportpilot » Thu Aug 06, 2020 4:53 am

Paul_G wrote:
I don't know. Paul. Are you old?


72, but don't tell anybody.... I started lessons at 69 and passed my check-ride at 70. Never too late to start something new.

I know someone who is considering learning to fly who is concerned that he is too old. He's only 50. I've known people to start lessons at 80 and they love it. Flying is not a young man's hobby. :wink:

3Dreaming
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Re: Insurance rate shocker

Postby 3Dreaming » Thu Aug 06, 2020 7:32 am

fatsportpilot wrote:I know someone who is considering learning to fly who is concerned that he is too old. He's only 50. I've known people to start lessons at 80 and they love it. Flying is not a young man's hobby. :wink:


Don't tell that to my 17 YO son.

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drseti
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Re: Insurance rate shocker

Postby drseti » Thu Aug 06, 2020 7:37 am

Ok, Tom - flying is for young men so long as their dads own airplanes. :wink:
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
fly@AvSport.org
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US

3Dreaming
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Re: Insurance rate shocker

Postby 3Dreaming » Thu Aug 06, 2020 8:49 am

drseti wrote:Ok, Tom - flying is for young men so long as their dads own airplanes. :wink:


He is an aircraft owner, and it is not my airplane that he flies the most. He mows grass to pay for the fuel.

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drseti
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Re: Insurance rate shocker

Postby drseti » Thu Aug 06, 2020 9:27 am

3Dreaming wrote:He is an aircraft owner, and it is not my airplane that he flies the most. He mows grass to pay for the fuel.


Then you have good reason to be proud of him! :D
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
fly@AvSport.org
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US

3Dreaming
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Location: noble, IL USA

Re: Insurance rate shocker

Postby 3Dreaming » Thu Aug 06, 2020 9:43 pm

drseti wrote:
3Dreaming wrote:He is an aircraft owner, and it is not my airplane that he flies the most. He mows grass to pay for the fuel.


Then you have good reason to be proud of him! :D


I am, just don't tell him. It might go to his head.

Wm.Ince
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Re: Insurance rate shocker

Postby Wm.Ince » Fri Aug 07, 2020 11:59 am

3Dreaming wrote:He is an aircraft owner, and it is not my airplane that he flies the most. He mows grass to pay for the fuel.

That's good . . . as most millennials don't even know how to start a mower.
Bill Ince
CTSW (E-LSA)
Retired Heavy Equipment Operator


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