Sun N Fun '07 Redux

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.