Sun N Fun '07 Redux

"Mike Isaksen" wrote

Point of reference: The Diamond rep felt confident that owners yearly
insurance budget shouldn't be more than "$24k to $32k per year depending
on flight experience"

24 to 32 THOUSAND???

Are you sure?

Wow.

I know I would be WAY over my head, when just the insurance could be more
than HALF of my gross yearly income.

Wow!
--
Jim in NC

24 to 32 THOUSAND???

Are you sure?

Wow.

Well, Jim, the average Cirrus pilot is paying $10 - $15K annually for
insurance, from what I've been told.

Makes my $1200/year seem positively reasonable.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Jay Honeck" wrote in message
oups.com...
24 to 32 THOUSAND???

Are you sure?

Wow.

Well, Jim, the average Cirrus pilot is paying $10 - $15K annually for
insurance, from what I've been told.

Makes my $1200/year seem positively reasonable.

What is the hull value of a Cirrus compared to your 30 some-odd year old
aircraft?


--
Matt Barrow
Performace Homes, LLC.
Colorado Springs, CO

The amount you stated seems high, unless you are talking about a low time,
non-instrument rated pilot, with high liability coverage and full hull.

Even considering the cost of a new plane, the hull coverage seems very high.

"Jay Honeck" wrote

Well, Jim, the average Cirrus pilot is paying $10 - $15K annually for
insurance, from what I've been told.

Makes my $1200/year seem positively reasonable.

I had no idea that it was so expensive to insure jets.

I have a hard time seeing how they will ever be able to get the cost down
low enough to make air taxi service with the VLJ's affordable.
--
Jim in NC

I have a friend who owned a Citation for many years. The insurance was
$90K per year. He also owned a Caravan on amphibs, that ran $45K per
year for insurance. Another friend has a Caravan on wheels, that only
costs $35K per year.




Morgans wrote:

"Jay Honeck" wrote


Well, Jim, the average Cirrus pilot is paying $10 - $15K annually for
insurance, from what I've been told.

Makes my $1200/year seem positively reasonable.


I had no idea that it was so expensive to insure jets.

I have a hard time seeing how they will ever be able to get the cost down
low enough to make air taxi service with the VLJ's affordable.

On Mon, 23 Apr 2007 10:32:07 -0600, Newps wrote:

I have a friend who owned a Citation for many years. The insurance was
$90K per year. He also owned a Caravan on amphibs, that ran $45K per
year for insurance. Another friend has a Caravan on wheels, that only
costs $35K per year.

I can understand the jet (high due to being a jet and the number of
seats) and the Caravan on floats, but on wheels that is almost twice
what they quoted me for a TBM 700 with the Caravan costing less and
being considerably slower.





Morgans wrote:

"Jay Honeck" wrote


Well, Jim, the average Cirrus pilot is paying $10 - $15K annually for
insurance, from what I've been told.

Makes my $1200/year seem positively reasonable.


I had no idea that it was so expensive to insure jets.

I have a hard time seeing how they will ever be able to get the cost down
low enough to make air taxi service with the VLJ's affordable.

"Roger (K8RI)" wrote

I can understand the jet (high due to being a jet and the number of
seats) and the Caravan on floats, but on wheels that is almost twice
what they quoted me for a TBM 700 with the Caravan costing less and
being considerably slower.

Can your justify a jet turbine costing more than a turbo prop? Are not jet
turbine aircraft much more safe, mile per mile?
--
Jim in NC

Roger (K8RI) wrote:
On Mon, 23 Apr 2007 10:32:07 -0600, Newps wrote:


I have a friend who owned a Citation for many years. The insurance was
$90K per year. He also owned a Caravan on amphibs, that ran $45K per
year for insurance. Another friend has a Caravan on wheels, that only
costs $35K per year.


I can understand the jet (high due to being a jet and the number of
seats) and the Caravan on floats, but on wheels that is almost twice
what they quoted me for a TBM 700 with the Caravan costing less and
being considerably slower.

The Caravan on wheels price may reflect that it is the company plane.
The company makes small diameter tubing for the auto industry in
Michigan and was a cost effective way of owning a Caravan. I should ask
him what he pays for the Turbine 210, that's a personal bird I believe.

Morgans wrote:

"Jay Honeck" wrote


Well, Jim, the average Cirrus pilot is paying $10 - $15K annually for
insurance, from what I've been told.

Makes my $1200/year seem positively reasonable.


I had no idea that it was so expensive to insure jets.

I have a hard time seeing how they will ever be able to get the cost down
low enough to make air taxi service with the VLJ's affordable.

Eclipse is quoting around $32K for full coverage on it's 500 for a "fully
qualified pilot" (ie, something around 2000+/500 hour pilot), or $64K for a
newbie.

http://www.eclipseaviation.com/ownership/insurance/