Piggyboy343
I'm New Here
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.
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.
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