Exactly my experience, and the same brokerage. I also opted to stay with USAIG for about $50 more a year that the other carrier I was offered.Warmi wrote:I actually got the same rate as last year just this June - in fact I got a quote for another insurance for a few bucks less but the broker ( Aviation Insurance Resources ) correctly suggested that it is not worth breaking the relationship with USIAG ( my current carrier ) over a few bucks.
Insurance rate shocker
Moderators: drseti, Bob Mackey
Re: Insurance rate shocker
Andy Walker
Athens, GA
Sport Pilot ASEL, LSRI
2007 Flight Design CTSW E-LSA
Athens, GA
Sport Pilot ASEL, LSRI
2007 Flight Design CTSW E-LSA
Re: Insurance rate shocker
I wonder if we're paying for 737 MAX losses... 

Andy Walker
Athens, GA
Sport Pilot ASEL, LSRI
2007 Flight Design CTSW E-LSA
Athens, GA
Sport Pilot ASEL, LSRI
2007 Flight Design CTSW E-LSA
Re: Insurance rate shocker
Got it. That makes sense.FastEddieB wrote:I had to read it a dozen times or so to get what was wrong with it!drseti wrote:You think maybe he meant $100 of each rental hour?Scooper wrote: Eddie, I'm not sure that came out right.
Yes, rental hour.
Stan Cooper (K4DRD)
Private Pilot ASEL LSRI

Experimental AMD CH601XLi-B Zodiac LSA N601KE (KSTS)
Private Pilot ASEL LSRI

Experimental AMD CH601XLi-B Zodiac LSA N601KE (KSTS)
-
- Posts: 282
- Joined: Fri Sep 08, 2017 2:39 pm
Re: Insurance rate shocker
"I wonder if we're paying for 737 MAX losses.."
Probably not, but I suspect all the storm damage to aircraft lately will cause rates to go up for all owners. Same goes for boats and houses.
Probably not, but I suspect all the storm damage to aircraft lately will cause rates to go up for all owners. Same goes for boats and houses.
"Don't believe everything you read on the internet" - Abraham Lincoln
- foresterpoole
- Posts: 307
- Joined: Thu Sep 22, 2016 12:28 pm
- Location: Alexandria, LA
Re: Insurance rate shocker
Took a hit this year as well. I rent so it's not directly comparable to your owners/commercial/instruction policies, but it's now over $1,000/year. It shot up 20%. I got the same response: it's industry wide....
Ed
Re: Insurance rate shocker
Sigh... add me to the "Insurance Rate Shocker" club.
I got my renewal from AIG (through AOPA), and my premium is up 25% to $2,500 for $65K in hull value! No incidents in my past (but a lower time pilot.) Ouch...
I got my renewal from AIG (through AOPA), and my premium is up 25% to $2,500 for $65K in hull value! No incidents in my past (but a lower time pilot.) Ouch...
Re: Insurance rate shocker
Shop around. I was with Aopa insurance.
Switched to EAA. Up $40.
Switched to EAA. Up $40.
Type47
LSRI
INTJ
2006 Tecnam P92 Echo Super
Don’t do the thing that almost killed you until you at least get the staples taken out of your head first….
LSRI
INTJ
2006 Tecnam P92 Echo Super
Don’t do the thing that almost killed you until you at least get the staples taken out of your head first….
Re: Insurance rate shocker
I’d tell them, “Industry-wide isn’t my problem. I’ve never even had a claim in years. Maintain the same rate as last year or cancel my policy!”
My auto insurance issues six-month policies, and every six months they try to increase my premium. I WILL NOT PAY!
I’m not cheep by any standard, but the one thing that I despise most is force-fed consumerism.
JUST SAY NO!
My auto insurance issues six-month policies, and every six months they try to increase my premium. I WILL NOT PAY!
I’m not cheep by any standard, but the one thing that I despise most is force-fed consumerism.
JUST SAY NO!
- Richard
Sport Pilot / Ground Instructor
Previous Owner: 2011 SportCruiser
Sport Pilot / Ground Instructor
Previous Owner: 2011 SportCruiser
Re: Insurance rate shocker
I reached out to Aviation Insurance Resources (AIR-Pros) and they got me a really strong rate with the same coverage I had through AOPA. In fact, it's about 76% the price of my policy last year (which was already high). I just need to clarify a few points with AIR-Pros as I converted my aircraft to E-LSA this year. (Done to allow me to make sensible upgrades to my aircraft such as a GDL-82 and Aera 660). But if that doesn't change the rate, I'll make the switch. Heck, the money saved vs. this year's renewal will easily pay for my next two annuals.
- FastEddieB
- Posts: 2880
- Joined: Wed Jan 07, 2009 9:33 pm
- Location: Lenoir City, TN/Mineral Bluff, GA
Re: Insurance rate shocker
As a single data point, when I took my Sky Arrow E-LSA in 2009, my rate with Falcon actually went down a bit.
That’s the good news.
The bad news was they would only insure the hull for $50k, down from the $60k I recall I was carrying at the time. It was almost certainly that reduction in hull coverage, not my new EXPERIMENTAL status, that led to the rate reduction. And with new Sky Arrow prices roughly doubling since I bought mine in 2007, I’m very likely underinsured on the hull.
Regardless, next year I may try shopping around a bit.
That’s the good news.
The bad news was they would only insure the hull for $50k, down from the $60k I recall I was carrying at the time. It was almost certainly that reduction in hull coverage, not my new EXPERIMENTAL status, that led to the rate reduction. And with new Sky Arrow prices roughly doubling since I bought mine in 2007, I’m very likely underinsured on the hull.
Regardless, next year I may try shopping around a bit.
Re: Insurance rate shocker
Last year I bought a Taylorcraft BC12-D. It was fairly inexpensive and needed some work to even fly it home. I insured it for $13,000 hull, and may be under insured by $1,000 or so. High time pilot with 1,000 plus Taylorcraft time. My rate if I remember correctly was $505. This year I was told it was going up by $8, but when I got the bill it was actually down $16 because they had not applied the rate reduction for having an instrument rating
.
My commercial policy comes due in February, so we will see what it does. Last year it had an increase, but in prior years it had decreased or held the same depending on the year.

My commercial policy comes due in February, so we will see what it does. Last year it had an increase, but in prior years it had decreased or held the same depending on the year.
Re: Insurance rate shocker
My renewal quote just came in at $6446. That's a 24% increase from last year. I may well have to close the flight school...
The opinions posted are those of one CFI, and do not necessarily represent the FAA or its lawyers.
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, 1C9
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
Prof H Paul Shuch
PhD CFII DPE LSRM-A/GL/WS/PPC iRMT
AvSport LLC, 1C9
[email protected]
AvSport.org
facebook.com/SportFlying
SportPilotExaminer.US
- FastEddieB
- Posts: 2880
- Joined: Wed Jan 07, 2009 9:33 pm
- Location: Lenoir City, TN/Mineral Bluff, GA
Re: Insurance rate shocker
I hope you’re joking!drseti wrote:My renewal quote just came in at $6446. That's a 24% increase from last year. I may well have to close the flight school...
Though I suppose it depends on how much of your “large fortune” remains!
Re: Insurance rate shocker
x2FastEddieB wrote:I hope you’re joking!drseti wrote:My renewal quote just came in at $6446. That's a 24% increase from last year. I may well have to close flight school...
Bill Ince
LSRI
Retired Heavy Equipment Operator
LSRI
Retired Heavy Equipment Operator
Re: Insurance rate shocker
Fight it Paul. Reach out to other schools. See who they use. I assume that you haven’t had any claims.drseti wrote:My renewal quote just came in at $6446. That's a 24% increase from last year. I may well have to close the flight school...
FIGHT THIS! Everyone knows you can win!!
- Richard
Sport Pilot / Ground Instructor
Previous Owner: 2011 SportCruiser
Sport Pilot / Ground Instructor
Previous Owner: 2011 SportCruiser