Adam Posted October 17, 2015 Report Share Posted October 17, 2015 I just got a quote for my new CTLSi delivering later this year. I was a bit surprised at the price (pleasantly). I went to AOPA and EAA, it was AOPA who came in cheapest for same coverage. Quoted by (AM Best Rated A, Excellent) "Aerospace Insurance Managers" $1680.00 a year for a brand new CTLSi using a hull value of $140k, with fairly standard ground and flight coverages including: $0 deductible, $1M liability limit, $100k per passenger liability limit. I'm a relatively low hour pilot, the rate feels good to me. Last policy I had on the (then new) 2012 CTLS was 2200. Seems like rates have come down a bit since I owned my last CT? http://aero.hallselect.com/ Link to comment Share on other sites More sharing options...
Ed Cesnalis Posted October 17, 2015 Report Share Posted October 17, 2015 They have come down for me too. Link to comment Share on other sites More sharing options...
andyb Posted October 17, 2015 Report Share Posted October 17, 2015 On the CT, I'm paying $2,978 for $2 million smooth. $160,000 hull value. As a comparison, on my Cirrus (which I'm selling) it's $4,353 for $4 million smooth, $300,000 hull value. Much more rigorous open pilot requirement on the Cirrus ...1,500 total hours, 150 hours in type, instrument rating with current proficiency check; CT requirement is 300 total hours and 5 hours in type. Given that the liability coverage and hull value on the CT are both about 1/2 of the Cirrus, on a "cost per" basis the CT is about 50% more. However, the first portion of the liability and hull are more likely to be consumed that the last, so the premium on the CT isn't surprising. Net net, I think they're about the same with all the adjustments. Andy Link to comment Share on other sites More sharing options...
Greg Posted October 18, 2015 Report Share Posted October 18, 2015 On the CT, I'm paying $2,978 for $2 million smooth. $160,000 hull value. As a comparison, on my Cirrus (which I'm selling) it's $4,353 for $4 million smooth, $300,000 hull value. Much more rigorous open pilot requirement on the Cirrus ...1,500 total hours, 150 hours in type, instrument rating with current proficiency check; CT requirement is 300 total hours and 5 hours in type. Given that the liability coverage and hull value on the CT are both about 1/2 of the Cirrus, on a "cost per" basis the CT is about 50% more. However, the first portion of the liability and hull are more likely to be consumed that the last, so the premium on the CT isn't surprising. Net net, I think they're about the same with all the adjustments. Andy Link to comment Share on other sites More sharing options...
Greg Posted October 18, 2015 Report Share Posted October 18, 2015 Andy, if you don't mind, cann you identify the agent/broker and carrier? Thanks Link to comment Share on other sites More sharing options...
andyb Posted October 18, 2015 Report Share Posted October 18, 2015 Greg, Sure. Carrier is USAIG, and broker is Kelly at Gallagher Aviation Insurance (used to be Nationair), in St. Louis. I've been with that broker since 1997, and have been very happy with their service. Andy Link to comment Share on other sites More sharing options...
Greg Posted October 18, 2015 Report Share Posted October 18, 2015 Andy Thanks Link to comment Share on other sites More sharing options...
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