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  #1  
Old 06-07-2020, 05:41 PM
Skeejere Skeejere is offline
 
Join Date: May 2020
Location: Fruita, CO
Posts: 16
Default rv-10 insurance

thoughts on insurance premiums for RV-10? I realize this depends heavily on pilot experience, number of hours, etc. But just wondering people's thoughts/experience for this type of airplane....
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  #2  
Old 06-08-2020, 04:25 AM
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cderk cderk is offline
 
Join Date: Sep 2015
Location: Park Ridge, NJ
Posts: 697
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My thought is that its !@3!%$ expensive.
500+ hours, Instrument rated. I?m paying $2700 a year for this first year. We?ll see how much it drops year 2
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RV10
First Flight Apr 6, 2020
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  #3  
Old 06-08-2020, 05:02 AM
TShort TShort is offline
 
Join Date: Jan 2005
Location: Indianapolis, IN (KUMP)
Posts: 1,059
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I'm in year 3 of -10 ownership, 900+ hours total time, no instrument ticket
250+ hours in the -10

Mine went up again this year, now at $3286 ($2996 last year). No changes in coverage etc.

I have no accident history, etc.
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Thomas Short
KUMP - Indianapolis, IN / KAEJ - Buena Vista, CO
RV-10 N410TS bought / flying
RV-8 wings / fuse in progress ... still
1948 Cessna 170 N3949V
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  #4  
Old 06-08-2020, 05:07 AM
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rleffler rleffler is offline
 
Join Date: Jun 2006
Location: Delaware, OH (KDLZ)
Posts: 4,220
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Quote:
Originally Posted by cderk View Post
My thought is that its !@3!%$ expensive.
500+ hours, Instrument rated. I?m paying $2700 a year for this first year. We?ll see how much it drops year 2
I was about the same. Initially I had $200k hull, it now I just carry $175k. Year two dropped to about $1,800 and it?s remained pretty flat the last six years. Last year I saw a slight increase.
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N410BL - RV10 Flying
http://mykitlog.com/rleffler
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  #5  
Old 06-08-2020, 05:14 AM
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rleffler rleffler is offline
 
Join Date: Jun 2006
Location: Delaware, OH (KDLZ)
Posts: 4,220
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Quote:
Originally Posted by TShort View Post
I'm in year 3 of -10 ownership, 900+ hours total time, no instrument ticket
250+ hours in the -10

Mine went up again this year, now at $3286 ($2996 last year). No changes in coverage etc.

I have no accident history, etc.
I didn?t think the lack of IFR had that big of an impact. I thought it was more like a 10-15% discount.

You?re almost a 180% of what I?m paying for $175k hull and you have more total hours than I have. What insurance company? That doesn?t seem to be in line with the average rates that I?m aware of at the moment.
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N410BL - RV10 Flying
http://mykitlog.com/rleffler
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  #6  
Old 06-08-2020, 05:52 AM
TShort TShort is offline
 
Join Date: Jan 2005
Location: Indianapolis, IN (KUMP)
Posts: 1,059
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Quote:
Originally Posted by rleffler View Post
I didn?t think the lack of IFR had that big of an impact. I thought it was more like a 10-15% discount.

You?re almost a 180% of what I?m paying for $175k hull and you have more total hours than I have. What insurance company? That doesn?t seem to be in line with the average rates that I?m aware of at the moment.
I'm insured for $230k, 1 million liability with 200k sublimits. The extra 100k sublimit was worth $195/year.

Old Republic via Gallagher. All the quotes they got were pretty similar...
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Thomas Short
KUMP - Indianapolis, IN / KAEJ - Buena Vista, CO
RV-10 N410TS bought / flying
RV-8 wings / fuse in progress ... still
1948 Cessna 170 N3949V
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  #7  
Old 06-08-2020, 08:59 AM
lr172 lr172 is offline
 
Join Date: Oct 2013
Location: Schaumburg, IL
Posts: 5,780
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Quote:
Originally Posted by cderk View Post
My thought is that its !@3!%$ expensive.
500+ hours, Instrument rated. I’m paying $2700 a year for this first year. We’ll see how much it drops year 2
similar here. 750 hours and inst rated. First year premium with $175K hull value was 2400. I would expect this to go down in the second year. Some of this is new. My quote a year prior, before I was ready, was only 2100.

Larry
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N11LR - RV-10, Flying as of 12/2019
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  #8  
Old 06-08-2020, 10:07 AM
mciaglia mciaglia is offline
 
Join Date: Jun 2012
Location: The Woodlands, TX
Posts: 186
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Quote:
Originally Posted by TShort View Post
I'm insured for $230k, 1 million liability with 200k sublimits. The extra 100k sublimit was worth $195/year.

Old Republic via Gallagher. All the quotes they got were pretty similar...
DROP GALLAGHER!!!!

I had them with my Christen Eagle, my rates went from 2300 to 3800. Got a new quote with AirCapital and was quoted 2100. That is for high performance biplane, no IFR and ~350hrs. Agent even told me gallagher is always high
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Dr. Mark Ciaglia
The Woodlands, TX
N189PT- Christen Eagle II
N627DG - RV10 in phase 1
www.marksfamilyrv10.wordpress.com
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  #9  
Old 06-08-2020, 02:07 PM
Sam Buchanan's Avatar
Sam Buchanan Sam Buchanan is offline
been here awhile
 
Join Date: Dec 2004
Location: North Alabama
Posts: 4,372
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Quote:
Originally Posted by mciaglia View Post
DROP GALLAGHER!!!!

I had them with my Christen Eagle, my rates went from 2300 to 3800. Got a new quote with AirCapital and was quoted 2100. That is for high performance biplane, no IFR and ~350hrs. Agent even told me gallagher is always high
Be looking for some pushback from your post....
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Sam Buchanan
RV-6
Fokker D.VII replica
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  #10  
Old 06-08-2020, 02:08 PM
BobTurner BobTurner is offline
 
Join Date: Dec 2011
Location: Livermore, CA
Posts: 7,184
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Quote:
Originally Posted by mciaglia View Post
DROP GALLAGHER!!!!

I had them with my Christen Eagle, my rates went from 2300 to 3800. Got a new quote with AirCapital and was quoted 2100. That is for high performance biplane, no IFR and ~350hrs. Agent even told me gallagher is always high
This is not how the system works. Agencies like Gallagher provide service; they do not write policies themselves. You should have called them and asked for an explanation. One possibility is that the new agency mis-represented you, leaving out something negative? (If so and you ever file a claim, expect trouble). Another possibility: some years back people on vaf were raving over their great quote from insurance company X. I called Gallagher, asked why they didn?t offer me a quote from X. They told me that they wouldn?t quote them, because they lacked financial stability. Sure enough, 7 months later X dropped the aviation market, and all the policy holders were scrambling to get coverage. This is the kind of advice you pay a broker for. So, again, call Gallagher. $2100 vs $3800 something smells fishy.
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