Owner's insurance in NJ

In article ,
Marco Rispoli wrote:
I am looking into buying a plane (eventually). I am still training to become
a pilot, so buying an airplane is probably many months away, but I want to
start looking into the economics of owning a plane ahead of time.

I've worked the numbers many ways for many different planes and
scenarios. The old rule of thumb about breaking even at 100 hours/year
versus renting is *very* close (at least for singles). This does not
include the "cost of money" in any form -- ie you have to consider the
cost of investing in the plane and/or monthly payments on a loan
separately.

The only thing I can't get a ballpark for is insurance (what a surprise).

I'd estimate $2000. If you want worst case, budget $4000 (which should
get you into a retract costing nearly twice that much) and you will
be pleasantly surprised.

--
Ben Jackson

http://www.ben.com/