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Old 10-29-2020, 06:03 PM
Piggyboy343 Piggyboy343 is offline
Join Date: Oct 2019
Location: Colorado
Posts: 4
Default Insurance quotes

Well I finally passed my checkride and am legal! Whew. Now on to the next chapter: buying a plane.

Have my eye on a RV-12, real nice plane and clean! Price is reasonable and I'm fine paying for quality work but when it came to get the insurance quote I wanted to throw in the towel. I know I have low time (under 100) but I wasn't prepared for how much they wanted. I was told $8400 a year with Star (i guess they're the most expensive) and just got another $3200 with someone more reasonable(Assured) but I have to log 10 hours and 15 landings to be legal for the policy. I called AOPA and the lady who helped me said experimental aircraft are more to insure which makes sense but I wonder how high that is or if it's the norm? I have high performance cars and motorcycles and my insurance for those isn't anywhere near that. It would be cheaper for a Cessna or Piper but I'm not willing to have cheaper insurance for a plane I really don't want. Is this the norm for everyone out there? I've heard you can't really 'shop' around for plane insurance like you can for cars, is that even true? Does it go down after you build hours? Ugh, just unsure of everything right now, looking for some advice from everyone who's gone down this road.

Last edited by Piggyboy343 : 10-29-2020 at 06:20 PM.
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Old 10-29-2020, 06:42 PM
Ironflight's Avatar
Ironflight Ironflight is offline
VAF Moderator / Line Boy
Join Date: Jan 2005
Location: Dayton, NV
Posts: 12,835

There is a LOT to learn about aviation insurance - one way to find lots of reading is to use the search function here - just search for “insurance” and sit down for a lot of reading.....

Then find a good broker (Many participate here) and let them shop the market for you.

And yes, low time, low time in type - its going to cost!

Paul F. Dye
Editor at Large - KITPLANES Magazine
RV-8 - N188PD - "Valkyrie"
RV-6 (By Marriage) - N164MS - "Mikey"
RV-3B - N13PL - "Tsamsiyu"
A&P, EAA Tech Counselor/Flight Advisor
Dayton Valley Airpark (A34)
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Old 10-29-2020, 07:46 PM
Bob Y Bob Y is offline
Join Date: Jul 2017
Location: Piedmont, SC
Posts: 301

I found my best rates going through EAA and BWI ((800) 666-4359) In California. Of course, I had over 500 hrs, so that helped me.
Bob Y - builder 12iS E-LSA
N569TT first flight 2/9/2020
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Old 10-29-2020, 08:35 PM
dothetime dothetime is offline
Join Date: Jul 2015
Location: Boynton Beach, Florida
Posts: 179
Default Insurance

Avemco sent me a invitation for a quote, plus a free hat, so I sent it in.
Avemco $4000. For my $40000 airplane
My broker, Wenk Aviation $1200
I got the free hat!

Last edited by dothetime : 10-29-2020 at 08:36 PM. Reason: Error
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Old 10-29-2020, 09:12 PM
StephenHelpy StephenHelpy is offline
Join Date: Apr 2016
Location: Benton Kentucky
Posts: 4

Your situation is very similar to mine. I am a new sport pilot, just bought an RV-12 and have just under 100 hours. I purchased insurance with Gallagher at an annual premium of $1,819 with a requirement of 2 hours transition training time. Gallagher specializes in RV aircraft and they are very familiar with experimentals.

Stephen Helpingstine
Sport pilot, Benton Kentucky
RV12 Owner sn 120210 N145Y bought flying
RV12 Builder sn 120916 Under construction
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Old 10-29-2020, 10:00 PM
Crafting N112DR's Avatar
Crafting N112DR Crafting N112DR is offline
Join Date: Oct 2013
Location: Powell, OH
Posts: 300
Default Aviation Insurance Resources

I have a RV12iS I'm a low time pilot with less then 120 hours and I was quoted $1,600 though Aviation Insurance Resources, talk with Chris Wolbert.

David Rohrlick
N112DR (RV-12iS) (SOLD)
Airworthiness signed off by the FAA 1/23/2020
First Flight on 3/14/2020
Phase I Finished on 5/7/2020
VAF donation made for 2021
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Old 10-29-2020, 10:24 PM
DaveWelch DaveWelch is offline
Join Date: Mar 2005
Location: Huntsville, AL
Posts: 465

+1 for Gallagher
RV12 N951DZ
First Flight 9/23/16!
No paint yet. Working on a scheme with John Deere colors or accents.
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Old 10-30-2020, 12:53 AM
RFSchaller RFSchaller is offline
Join Date: Oct 2010
Location: Phoenix, AZ
Posts: 3,163

In 1992 I bought a Yak-52. I paid $3000 for hull and liability. I had a private, with instrument rating and about 1300 hours. The second year I dropped hull coverage and my premium dropped to $300 per year. Depending on your ability to assume financial risk you might want to ask about liability only coverage.
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Old 10-30-2020, 04:17 AM
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MacCool MacCool is offline
Join Date: Aug 2020
Location: central Minnesota
Posts: 770

Gallagher and BWI shopped around and found me the best rates on my RV9A.. call Leah Ringeisen at Gallagher 877-520-6247
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Old 10-30-2020, 11:56 AM
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DaleB DaleB is offline
Join Date: Sep 2012
Location: Omaha, NE (KMLE)
Posts: 2,331

Another vote for Gallagher. I bought my RV-12 when I had under 100 hours, if I recall correctly. Five hours dial and the rate with $75K hull coverage was under 1400. Of course that was several years ago. Now we have three named pilots, none of us high time, and we’re still paying under $1400 per year with hull coverage.

Omaha, NE
RV-12 # 222 N980KM "Screamin' Canary" (bought flying)
Fisher Celebrity (under construction)
Previous RV-7 project (sold)
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