Turbo69bird
Well Known Member
$1150 50 yrs old , 270 hrs about 60 in my vans RV6 thru Gallagher
$1150 50 yrs old , 270 hrs about 60 in my vans RV6 thru Gallagher
Ha! Not many of us have a million dollars sitting around for liability self-insurance!Self insure.
Just got my renewal today, went DOWN $250.
Go figure !!??
So I got my quote for insurance renewal this week. A 44% increase ove last year, and this is for the basic $1mil liability insurance only, no hull. It went from $350/Yr to $505/yr (for liability only)!
I'm 72 years old. If I didn't need the coverage to be in a municipal hanger, I'd drop all coverage!
To date, I have about 4800 Hrs in RV's, and over 6000 hr's total time, IFR, commercial ratings.
What the heck is going on here? Renters insurance for the same coverage is only $195/Yr. Are the insurance company's that desperate?
If it makes anybody feel better, I just got a quote for a Pitts S-1T (single seater, factory built) - $3200 yr. 61, ATP, 25K plus total, 550 TW in RVs. And, I'd have t spend $4000 to get the mandated 10 hours dual in a S-2.
A person with average skills with a proper instructor should take no more than 15 hours for a Pitts checkout including basic acro and all the spins.I had occasion some years back to get some dual in a Pitts S-2A. It requires a whole lot more skill than an RV, and at that point I had maybe 400 hours of RV tailwheel time.
The Pitts flies great, no problem there, but it's the landings. Total time and other flying experience is basically irrelevant to landing a Pitts.
$5200/yr
The joys of living in Canada ... Mine was over the top. I was only able to get one quote, all others refused to bid on a experimental that hadn't done first flight. RV-14A $200K hull in motion. Hoping at renewal time the rate will come down dramatically. I'm seeing a few Owners around my way electing to go with liability only.
Background:
61 YO, ATPL with current CFI credentials, 20K+ hours including 50 hrs in the last year on small stuff, no accidents or violations.
I was also shocked last week when my insurance premium went down to $917 from $1200 the previous year from the same company; Global Aerospace. I fly an Rv-7, $90K value, zero deductible and 1M liability.
Private pilot, instrument rated with about 1200 hrs in type.
Now I pay more to the state of California in annual taxes than insurance premium!
I had used SkySmith 11 years ago, hadn't even flown for 19 years when I started out in the RV's. I only had 118 hours tricycle gear, and about 20 hours of tailwheel, 15 of that was in a RV-6 that I was training in. Only insured it for 40k back in 2011. It was just a little over $1,000. Eventually it came down to just a little over $800 a year, until about four years ago, they decided to bump it up to over $1,300 a year. No reason given.
Flying about 30 hours a year, that came out to about $45.00 an hour for insurance, more than the fuel costs per hour. Never had an accident, they just told me that's the direction that aviation insurance is going. I have over 400 hours now, nearly all tailwheel in my RV-6. Have self insured every since that last quote.
If there is a chance I could get 55k of hull coverage from another company again for about $1,000, I'd consider it. I'd never consider SkySmith ever again.
Your expectations are unrealistic....this isn't 2011.....
Skysmith and other brokers don't set the rates, they only shop carriers for you. I've found Skysmith to be responsive and professional for the twenty-five years I've used them as a broker. And my rates went down this year (Global, GNIM).
That is almost the same price I am paying and I am a student pilot learning in the plane I just finished. I would look around if I was you. Gallagher is the company I use and have always received good service and advice. I’m glad they were able to get me covered as a student.67 year old retired airline pilot, 16,0000+ TT ATP, over 6,000 SEL with 95 Tail Wheel.
Looking at a RV8, Called Avemco and was quoted $5,800 with $100,000 hull and liability.
Liability only, $689.
I guess I need to look at some of the other brokers/companies mentioned here.
Ron
67 year old retired airline pilot, 16,0000+ TT ATP, over 6,000 SEL with 95 Tail Wheel.
Looking at a RV8, Called Avemco and was quoted $5,800 with $100,000 hull and liability.
Liability only, $689.
I guess I need to look at some of the other brokers/companies mentioned here.
Ron
67 year old retired airline pilot, 16,0000+ TT ATP, over 6,000 SEL with 95 Tail Wheel.
Looking at a RV8, Called Avemco and was quoted $5,800 with $100,000 hull and liability.
Liability only, $689.
I guess I need to look at some of the other brokers/companies mentioned here.
Ron