Comparing S-LSA to E-LSA insurance rates

[MrMorden]

I converted my SLSA to ELSA a few years ago. The insurance change was $0 with AIG.

About how much are you paying? I got quotes last fall for switching to ELSA and it would have meant a 75% increase for me.

$1250 annually at last renewal. I highly recommend Chris Wolbert at Aviation Insurance Resources (AIR). I use him as a broker and he shops best prices for me at each renewal (though I have been with AIG since I bought the airplane, he at least checks rates).

[Scooper]

Clearly a negligible increase, Stan. But, what's your insurance up to now?

Paul, the latest (May, 2020) was $1,415. No claims, no accidents, incidents, or pilot deviations ever. I think being 78 years old may have something to do with the increase. I'm a little over a year from being 80 and will probably see a significant increase then.

[MrMorden]

Clearly a negligible increase, Stan. But, what's your insurance up to now?

Paul, the latest (May, 2020) was $1,415. No claims, no accidents, incidents, or pilot deviations ever. I think being 78 years old may have something to do with the increase. I'm a little over a year from being 80 and will probably see a significant increase then.

Yup, age affects it a lot. I have a flying buddy also in a CTSW with bazillions of hours in all kinds of airplanes, similar numbers of hours in a CT, and his insurance is several hundred dollars more than mine. Presumably because he's over 70 and I'm 54.

BTW my airplane is a little over-insured with a $75k hull value.

[drseti]

FWIW, my new Bristell came in at just over $2600. That's with gazillion hours total time, including thousands in LSA, but I'm sure it's influenced by my age. The commercial policy on my SportStar (which is a flight school aircraft, used for primary training) has roughly the same hull value as the Bristell, but the premium is $7500 this year! So, two airplanes, combined premium over $10k. I'm clearly in the wrong business.

[Warmi]

FWIW, my new Bristell came in at just over $2600. That's with gazillion hours total time, including thousands in LSA, but I'm sure it's influenced by my age. The commercial policy on my SportStar (which is a flight school aircraft, used for primary training) has roughly the same hull value as the Bristell, but the premium is $7500 this year! So, two airplanes, combined premium over $10k. I'm clearly in the wrong business.

Well, your new plane is a taildragger - that’s got to be worth some “extra” insurance $$ regardless of any other factors ...

[MrMorden]

FWIW, my new Bristell came in at just over $2600. That's with gazillion hours total time, including thousands in LSA, but I'm sure it's influenced by my age. The commercial policy on my SportStar (which is a flight school aircraft, used for primary training) has roughly the same hull value as the Bristell, but the premium is $7500 this year! So, two airplanes, combined premium over $10k. I'm clearly in the wrong business.

Well, your new plane is a taildragger - that’s got to be worth some “extra” insurance $$ regardless of any other factors ...

Not to mention the hull value on a new airplane is certainly quite high.

[drseti]

Not to mention the hull value on a new airplane is certainly quite high.

The stated hull value on each of my 2 current planes is around $100k. Considering that I paid $16k for my first plane, that indeed seems high. But being as that was over 40 years ago, and given what LSAs sell for these days, not so much.

It's a good thing I always pay cash for airplanes. If they were financed, I'm sure I'd be required to carry more insurance.