high insurance rates ???

cbrown747 · #1 08-06-2010, 07:00 PM

i just received an estimate from aopa insurance on what it might cost for insurance for the rv-9a and rv-10. I am trying to get a good idea of the true operating cost comparisons between the rv-9a and rv-10.

I am trying to see how far apart the cost of ownership is between the two.
RV-9A....about $2200/yr...$75k hull
RV10.....about $3600/yr....$120k hull

I gave them my credentials of approximatly 250 hours and sgl engine, private pilot.

Is this realistic? This seems crazy. My insurance for just liability for a cessna 150 was only about $250/yr.

turbo · #2 08-06-2010, 07:17 PM

side. $1,800/ yr $105,000 hull here. been with aopa for 10 yrs. keep trying.

Jamie · #3 08-06-2010, 07:19 PM

Yes, I would say that's high but there are lots of factor involved. The first year for a homebuilt is quite expensive.

If you really want to know, call NationAir and ask to speak to Jenny Estes.

Geico266 · #4 08-06-2010, 08:05 PM

Call Tom Johnson He is a VAF member and advertiser.

http://www.airpowerinsurance.com/

Much cheaper than anyone I have found, and they handle claims fast!

I don't want to talk about it.

Jetj01 · #5 08-06-2010, 08:31 PM

I've been with Falcon Insurance for two years+, EAAs backing and incentives. Best rates with zero deductable. Had a claim this year and they were AWESOME and still reduced my rate for this year. Considerably cheaper than the others mentioned, for me anyway.

I like 'em!

Geico266 · #6 08-06-2010, 08:38 PM

Quote:

Originally Posted by Jetj01

I've been with Falcon Insurance for two years+, EAAs backing and incentives. Best rates with zero deductable. Had a claim this year and they were AWESOME and still reduced my rate for this year. Considerably cheaper than the others mentioned, for me anyway.

I like 'em!

Tom Johnson's prices beat Falcon by hundreds of $$$. I was a Falcon customer for 8 years before switching. In 2 years I have saved $600, that is a lot of fuel.

http://www.airpowerinsurance.com/

Call Tom for a quote, it's free, and can save BIG bucks.

ScottSchmidt · #7 08-06-2010, 09:22 PM

It does sound a little high for the RV-10 but I would not expect much less than $3,000 even with 1000 hours and an instrument rating.

At least you don't have to insure a Lancair IV which I've heard in the 8-12K range per year.

Greg Arehart · #8 08-06-2010, 10:03 PM

My 9A with 75k hull cost me about $1700/year the first year. I had only a few hours transition training. Second year, no change. Global Aerospace via Aviation Brokers of North America (Rome GA). I've checked quotes from Avemco and they are always significantly higher, at least for me. Guess that the rule is, shop around. I'll probably try Airpower next time round.

greg

cbrown747 · #9 08-07-2010, 12:30 PM

I appreciate the info and all the other suggestions.

videobobk · #10 08-07-2010, 12:40 PM

My 9A costs less than $1300 ($75000 hull) with Travers. First year was higher, about $1900. I have a partner who is pretty low time, ~350 hours. Not too bad, me thinks.

Bob Kelly