Sun N Fun '07 Redux

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/

Matt Barrow wrote:
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/

If I'm doing the math right that's about 2% of hull value for the "fully
qualified pilot" and 4% for a newbie. Sounds about right. I was checking
insurance costs for the 601XL I'm building and was quoted $445.00/year on a
$40K hull cost.