Insurance rate shocker
Moderators: drseti, Bob Mackey
Re: Insurance rate shocker
Be glad you're not in commercial service, Stan. Your premium would be five times that amount.
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
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
Re: Insurance rate shocker
Aviation insurance companies were complaining about operating at a loss. At least 2 have left the marker because of that. Recent storms have hit some airport with fairly heavy losses. This all adds up to increased rates. My commercial insurance went up 15% for this year.
Re: Insurance rate shocker
Paul, you're right of course; I should count my blessings.drseti wrote:Be glad you're not in commercial service, Stan. Your premium would be five times that amount.
I guess I shouldn't complain. As long as I can afford the premium I'll just continue to pay.3Dreaming wrote:Aviation insurance companies were complaining about operating at a loss. At least 2 have left the marker because of that. Recent storms have hit some airport with fairly heavy losses. This all adds up to increased rates. My commercial insurance went up 15% for this year.
Stan Cooper (K4DRD)
Private Pilot ASEL LSRI
![Image](https://i32.photobucket.com/albums/d7/k4drd/Airplanes/N601KE/Signature%20Photo_zpskdqx0sva.jpg)
Experimental AMD CH601XLi-B Zodiac LSA N601KE (KSTS)
Private Pilot ASEL LSRI
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Experimental AMD CH601XLi-B Zodiac LSA N601KE (KSTS)
Re: Insurance rate shocker
I'm pretty sure my increase was more than your new annual premium.Scooper wrote:I guess I shouldn't complain. As long as I can afford the premium I'll just continue to pay.
Re: Insurance rate shocker
Yep, mine certainly was.3Dreaming wrote: I'm pretty sure my increase was more than your new annual premium.
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
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
- foresterpoole
- Posts: 307
- Joined: Thu Sep 22, 2016 12:28 pm
- Location: Alexandria, LA
Re: Insurance rate shocker
I was talking with a few pilots on Facebook. In the past few months three airports in this area suffered losses from tornadoes: Pineville, Monroe, and now Bunkie is a total loss. They are expecting insurance for this area to skyrocket because of this. I'm not due for a while, I guess we shall see....
Ed
Re: Insurance rate shocker
But it's a little different when your airplane *makes* money, instead of just burning it.drseti wrote:Yep, mine certainly was.3Dreaming wrote: I'm pretty sure my increase was more than your new annual premium.
![Very Happy :D](./images/smilies/icon_biggrin.gif)
Andy Walker
Athens, GA
Sport Pilot ASEL, LSRI
2007 Flight Design CTSW E-LSA
Athens, GA
Sport Pilot ASEL, LSRI
2007 Flight Design CTSW E-LSA
Re: Insurance rate shocker
Believe me, Andy, it hasn't been making money these past two months!MrMorden wrote:
But it's a little different when your airplane *makes* money, instead of just burning it.
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
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
Re: Insurance rate shocker
My insurance agent called and offered to put mine on non flying status. I thought I would be flying with my older son some, but he has been to busy with school work. It has rented a few times though. Certainly not making enough money to pay the insurance.drseti wrote:Believe me, Andy, it hasn't been making money these past two months!MrMorden wrote:
But it's a little different when your airplane *makes* money, instead of just burning it.
Re: Insurance rate shocker
Just got my quote for this year from Greg at Aviation Insurance Resources.
We are pleased to present the attached quotation of $1,760 from your current carrier. Other quotes came in at $2,522 to $4,144.
Last year I paid $1704 so it is about $56 more - not to bad imho (97k hull )
We are pleased to present the attached quotation of $1,760 from your current carrier. Other quotes came in at $2,522 to $4,144.
Last year I paid $1704 so it is about $56 more - not to bad imho (97k hull )
Flying Sting S4 ( N184WA ) out of Illinois
Re: Insurance rate shocker
Who is your carrier, Warmi?
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
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
Re: Insurance rate shocker
USAIGdrseti wrote:Who is your carrier, Warmi?
Flying Sting S4 ( N184WA ) out of Illinois
Re: Insurance rate shocker
FYI
I just got my quote through AOPA for my 2014 RV-12 SLSA . Full coverage including $126k replacement (price new) for $989, up from $805 each of last two years.
I just got my quote through AOPA for my 2014 RV-12 SLSA . Full coverage including $126k replacement (price new) for $989, up from $805 each of last two years.
Re: Insurance rate shocker
That looks like a 23% increase, which is about what other folks are seeing.
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
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, KLHV
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
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- Joined: Wed Jan 17, 2018 4:53 pm
Re: Insurance rate shocker
AVEMCO, raised only my hull insurance by $35. Liability remains the same. I had expected it to be more , based on what has been posted by AOPA and other forums.