insurance doubled?

[Wheels]

I just got a quote for 1500.00 for a Kitfox IV with an 80HP.
I have 800 hrs taildragger in that plane.
I was paying 860.00 a year, was I just lucky? What is the norm for a KF IV.
Oh, Im a sport pilot, the insurance guy said I was being dinged for that. I'm only half a pilot I guess. Suggestions?

[avidflyer]

Mine doubled this year for no apparent reason as well. I'm with the Falcon ins. agency through the EAA. It makes me mad, it's just liability, I fly from my own strip, usually alone, and most flights I don't land at a public airport. Not much risk for the insurance company in my case. JImChuk

[GuppyWN]

matt.white@bwifly.com

Bill White gave me the best quote and currently has the policy on my Skylane.

[68niou1]

Jay-

I’ve been paying about the same($1500 annually) but I always assumed it was the relatively low tailwheel time <400 hours in my case. 1200 hours total time, private, complex and high performance don’t seem to mean anything- what do you have your Hull value at? Mines at 30K.

[Flybyjim]

For those who's insurance went up considerably, are you over 70 years old?

[avidflyer]

I'm 66. JImChuk

PS sport pilot, no medical ever

[Slyfox]

ok, let me say it. has your insurance doubled with a class 3 medical

[Shadowrider]

Who is the best to get insurance from? Building a 7STI.

[jdmcbean]

We have used Regal Aviation in Hillsboro, OR for many years.

Jason Wissmiller
Regal Aviation Insurance
5625 NE Elam Young Parkway, Suite 100
Hillsboro, OR 97124
503-521-7021 - direct
800-275-7345
www.regalaviation.com


My personal contact at Regal has moved on to another broker:

Heather R. Brown
Northwest Insurance Group, Inc. | heather@nwinsurance.net
3301 NE Cornell Road, Suite R, Hillsboro, Oregon 97124
C: 503-740-3846 | F: 503-640-6202
NWinsurance.net

[Kitfox Guy]

Interesting, I just got an email from my broker reminding me that it is time to renew the insurance. I wonder if the fact that I fly under Basic Med now will affect the rates.

[Kitfox Guy]

I just got the quote from Old Republic $914 for $1 million liability and $30K hull. It is about $100 less than I paid Falcon Insurance last year. I am a private pilot with about 800 hours in the KitFox.

[Slyfox]

I just got the quote from Old Republic $914 for $1 million liability and $30K hull. It is about $100 less than I paid Falcon Insurance last year. I am a private pilot with about 800 hours in the KitFox.
what kind of medical are you using. trigear or taildragger

[Kitfox Guy]

what kind of medical are you using. trigear or taildragger

Basic Med, Taildragger

[z987k]

Mine doubled this year for no apparent reason as well. I'm with the Falcon ins. agency through the EAA. It makes me mad, it's just liability, I fly from my own strip, usually alone, and most flights I don't land at a public airport. Not much risk for the insurance company in my case. JImChuk

Sounds like your flying isn't too different than mine. Given that there is virtually no risk in the liability for your flying anyways you might consider "self insuring" aka none.

[avidflyer]

I probably would go without the insurance, but the lovely state of Mn (in collusion with the insurance companies maybe) requires me to have insurance. JImChuk


PS what really gets me is I'm partners in a Chief, I mostly fly my Avid since I rebuilt it last year, and also have the Kitfox 1 which barely got flown last year. The insurance for the Kitfox last year cost me more then the annual and fuel that went through it. No discounts for second or third aircraft like there would be with cars.

[z987k]

I probably would go without the insurance, but the lovely state of Mn (in collusion with the insurance companies maybe) requires me to have insurance. JImChuk


PS what really gets me is I'm partners in a Chief, I mostly fly my Avid since I rebuilt it last year, and also have the Kitfox 1 which barely got flown last year. The insurance for the Kitfox last year cost me more then the annual and fuel that went through it. No discounts for second or third aircraft like there would be with cars.

That sucks. We don't have to have insurance but we have to be able to get it out of where you crash it. There's right around a 0% chance of damaging other people's stuff, but if I were to really bang it up, the helicopter ride out starts about $2k and quickly goes up with distance from town.

[896tr]

Has anybody that had their premium increase called their insurance carrier and asked for a specific reason why it went up?

[avidflyer]

I was told they are raising all the sport pilots insurance costs. Wasn't just me, they said. I think they know that they have us over a barrel and can do what they want. JImChuk

[HighWing]

I have been following this thread with some trepidation. Mine comes up for renewal in August. One thought, though with self insuring. When I planted my airplane during an emergency - oil pressure to zero and yes it was not a gauge malfunction - and in the heavily wooded, hilly terrain of California's gold cointry - my wife and I both spent some time in an emergency room. There less than 5 hours each and the total bill was an astounding $65000. That was a serious reality check for us. Neither of us had life threatening injuries. Kay had a puncture wound in her leg requiring debridement and a broken thumb. I had a sprained ankle and a compression fracture in a thoracic vertibra. All these conditions merely stabilized in the ER. Any hospital time was billed separately.

[z987k]

I was told they are raising all the sport pilots insurance costs. Wasn't just me, they said. I think they know that they have us over a barrel and can do what they want. JImChuk

Couldn't you just go get a private if that's the case? I mean if you have an airplane and a few hundred hours in it, you're not looking at very much money to do it. 10-15 hours of a CFI's time and fuel. Probably pay for itself in a year or two.

[avidflyer]

I think they are just gouging however they can, and any excuse is better than none at all. On the other hand, maybe their costs have increased, and we all get to help get their profit margins back where they want them. JImChuk

[Slyfox]

nothing to do with sport pilot license in my opinion, it's flying sport pilot. I have a sport pilot plane but a private pilot license. I think it's flying sport pilot using a drivers license for medical that's the key here.

[Av8r3400]

Makes no sense when you can do "Basic Med" in such short order.

Will they be penalizing that, too?

[Russell320]

Just got the Insurance bill for the Kitfox....full coverage, $30,000 Hull.......premium $842. That’s about $50 more than last year. RV6A is $730.

Looks like premium increases are driven by age......not basic med.

As my kid says.....”suck it up and pay Dad”

[Wheels]

The company I have been using shopped it around quite a bit. Montana Air is my broker and they found a company called aerospace who quoted me 1037.00 instead of 1600. I took it. My broker said if I was a private pilot instead of a sport pilot I would have the 850 dollars rate. I think I can swing the private for about what the next year premium will save.

[Russell320]

Aerospace is underwriting my Kitfox and Global the RV6A. I’m 59 with lots of tailwheel time and the rates are still going up. Oh well......