Insurance cost

[Flybyjim]

While I am building the Kitfox SS7 I am flying a Rans S-7 that I finished in 2011. I have had insurance with Falcon for the past several years and each year it has been going up a bit. I have it covered for $45,000. and standard liability, I have over 500 hour tailwheel time 1100 hours total, no accidents or incidents, try to get in 50 hours per year of flight time. I am 66 years wise. I just received the quote for 2020, it just went to $1685.00, this is over a 50% increase in one year.
I called Avemco as I have the Kitfox covered with them while in the build state, my quote from them for the Rans S-7 was $1006.00 for the same coverages.

Just info for the group.
Jim

[WWhunter]

Thanks Jim! I am having to get insurance on my RANS S7 alos and got some pretty high quotes. I didn't check Avemco for some odd reason, actually I think it was because they had quoted me an astronomical price when I had my Champ on floats. Got it elsewhere for nearly half of Avemcos quote. Zero claims every and very similar times as you. A few years young.

[avidflyer]

My rate from Avemco for just liability on my Avid MK IV was $50 less this year then last. Now at $375. JImChuk

[AMK53]

I went through this recently but I’m a very low time pilot. My insulates rates were north of $3000 but butler brown was able to cover me for $2800. I was told that I can expect significant price hikes every year and should do a minimum of 100 hours per year to keep up with the price hikes.

[avidflyer]

Funny how it goes, we have our Chief with butler brown, so when it was time to renew the Avid, I got a quote from them. They wanted twice as much as I ended up paying Avemco. Funny thing, the Chief with 22,000 hull insureance was only about $25 more then they wanted for just liability on the Avid. And it would have has 2 named pilots on it. And a correction, got the policy today from Avemco on the Avid, and it only went down about $25. Far better then I was expecting. JImChuk