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  #1  
Old 06-02-2021, 08:32 AM
NinerBikes NinerBikes is offline
 
Join Date: Dec 2018
Location: Granada Hills
Posts: 1,187
Default RV-12 For Sale

I've put my RV-12 up for sale. It seems 62 years of age is too old to learn how to fly, as far as my insurance company is concerned. My renewal bill, with just liability, went up 73%. No incidents, no accidents, go figure. Maybe if you already have 1000 + hours, you get a better rate, but not with only 70.

It's a really loaded 2012, with almost all the options and a few other goodies thrown in.


https://vansairforce.net/community/s...d.php?t=195773
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  #2  
Old 06-02-2021, 10:15 AM
rv9builder rv9builder is online now
 
Join Date: Jan 2005
Location: Irvine, CA
Posts: 940
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Sorry to hear the sad news. Have you completed your training for your license? Maybe ask your insurance company if your rate will drop after you complete your training and log a certain amount of hours. Perhaps you should talk to a different insurance company.
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  #3  
Old 06-02-2021, 10:51 AM
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Piper J3 Piper J3 is offline
 
Join Date: Nov 2014
Location: Hinckley, Ohio
Posts: 2,525
Default

62 years old is not too old to learn to fly. Lots of folks get their license after they retire. Someone with technical background, like yourself, has advantage.

Consider shopping for insurance with a brokerage. Call EAA and tell them about your specific situation and see if they have recommendation…
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PPL/ASEL 1970 - Sport Pilot since 2007
80 hrs Flying Aeronca Chief 11AC N86203
1130 hrs Flying 46 Piper J-3 Cub N6841H
Bought Flying RV-12 #120058 Oct 2015 with 48TT - Hobbs now 726

LSRM-A Certificate 2016 for RV-12 N633CM
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  #4  
Old 06-02-2021, 11:11 AM
NinerBikes NinerBikes is offline
 
Join Date: Dec 2018
Location: Granada Hills
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Quote:
Originally Posted by rv9builder View Post
Sorry to hear the sad news. Have you completed your training for your license? Maybe ask your insurance company if your rate will drop after you complete your training and log a certain amount of hours. Perhaps you should talk to a different insurance company.
I am very close to my check ride.

However $1320 to $2180 for $1M liability only, no hull coverage, in a year is a pill too big to swallow. Too much $$$$ for the number of hours I fly annually. Starr Company, broker is Falcon insurance.
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  #5  
Old 06-02-2021, 11:15 AM
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rcarsey rcarsey is offline
 
Join Date: Jul 2012
Location: North Brunswick, NJ
Posts: 265
Default

Spitballing here, but does it make any sense to just finish up your training/checkride in a rented C152/172 and come back to the insurance agent with a PPL license instead of a student license?

I also assume you've shopped around for insurance. Gallagher seems to be popular these days for RVs.

Also.. knock on wood, but if you're not going to have hull coverage anyway.. maybe just fly without insurance. Based on the photos in your ad, it seems like you have _plenty_ of places to set down the airplane with $0 of damage to other people or property.. and I have trouble seeing a reasonable situation where you'd cause $1M worth of damage with a RV-12.
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Last edited by rcarsey : 06-02-2021 at 11:20 AM.
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  #6  
Old 06-02-2021, 12:57 PM
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Tony_T Tony_T is offline
 
Join Date: Dec 2008
Location: Lacey, WA
Posts: 1,421
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Niner, I would not give up yet. If you are flying 70 hours per year this additional cost will only add about $10 per hour to your cost. Finish your PPL in your plane and see what happens to your insurance next year before making an irreversible decision.

From your posts, it is apparent you are really enjoying your progress toward the PPL rating. Enjoy another year then decide.
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  #7  
Old 06-02-2021, 02:08 PM
BOORSMA BOORSMA is offline
 
Join Date: Apr 2016
Location: Bakersfield, CA
Posts: 31
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Wow, that is crazy high for insurance. Do some shopping. Mine is less than $400/year and has been since I started flying my RV-12 four years ago. I only carry Liability.
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  #8  
Old 06-02-2021, 02:54 PM
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DaleB DaleB is offline
 
Join Date: Sep 2012
Location: Omaha, NE (KMLE)
Posts: 2,329
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If you haven't already done so, definitely call Gallagher. We're paying under $1500 per year WITH hull coverage, and none of us has over 300 hours I don't think, and up until last year we usually had a student pilot on the policy. That sounds awfully high.
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  #9  
Old 06-02-2021, 03:04 PM
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rtlongdon rtlongdon is offline
 
Join Date: Jul 2020
Location: Stanwood, WA
Posts: 22
Default

That's ridiculous!

I have had a great interaction with Tracey Martin at Aviation Insurance Resources (https://air-pros.com/).

Maybe give her a shout and explain your situation before you give up. If at all possible definitely try to finish up your PPL.
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  #10  
Old 06-02-2021, 08:27 PM
dabney dabney is offline
 
Join Date: Feb 2008
Location: valencia, ca
Posts: 231
Default Another option

I wouldn’t follow the advice to go uninsured unless you have no house, no savings, no pension/retirement, no nothing!

However, if you find a partner who you can get along with plane insurance doesn’t go up just because there are two owners. Split all your costs such as insurance,maintenance, hangar, parts etc
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