ODowneyEng Posted May 24, 2019 Report Share Posted May 24, 2019 Been checking out purchasing a new CTLSi. The deal killer was $5,676 for insurance. I then checked insurance for a 2012 CTLSi. They wanted $3848 I was wandering if the loss of my CTSW in Hurricane Florence was causal. The agent said she could do a Cessna 172 for $1,000 Any ideas on what is going on here Quote Link to comment Share on other sites More sharing options...
Warmi Posted May 24, 2019 Report Share Posted May 24, 2019 Seems high - insurance for my 2012 Sting S4 was $2200 in 2017 and that was when I was still a student pilot ... now it is down to 1700. Quote Link to comment Share on other sites More sharing options...
Madhatter Posted May 24, 2019 Report Share Posted May 24, 2019 $1100 on a 2006 CTSW. I was told a lot of tailwheel time helped. Quote Link to comment Share on other sites More sharing options...
Ed Cesnalis Posted May 24, 2019 Report Share Posted May 24, 2019 I paid $1,000 last year for my 06 CTSW @ $80,000 (hull). I totaled it and now need a quote for an 07, think I will get penalized for the total loss? Quote Link to comment Share on other sites More sharing options...
AGLyme Posted May 24, 2019 Report Share Posted May 24, 2019 I recently bought a CTLSi... (new prices are published, so you know what the hull value is). I had 120 total hours (vast majority of the hours were in the 70's and 80's... I re-entered the active flying force last year and am a PPilot), I did earn a tail wheel endorsement in a Piper Cub last year... then transitioned into a Kappa, then the CTLSi when it was delivered from Germany. I could have paid $1,600 for insurance, but I had my instructor and young son endorsed as well... my total insurance bill is about $2,000. Suggest you contact Gregg Ellsworth, he is at all the Light Sport gatherings and has supported the CT line for years... he gets it. Nice guy too and a solid administrative team. Good luck... Aviation Insurance Resources (AIR) P.O. BOX 32 | Frederick, MD 21705 Toll Free 877-247-7767 | Fax 301-682-9793 Ph 301-682-6200 Quote Link to comment Share on other sites More sharing options...
FlyingMonkey Posted May 24, 2019 Report Share Posted May 24, 2019 I started out with $1400 for my CTSW, and it's now down to $1085. I had 5 CT hours when I started. You should get a broker, I suggest Chris Wolbert at air-pros.com. A previous claim could definitely be affecting your numbers. Quote Link to comment Share on other sites More sharing options...
WmInce Posted May 24, 2019 Report Share Posted May 24, 2019 1 hour ago, FlyingMonkey said: . . . . . I suggest Chris Wolbert at air-pros.com. x2 Quote Link to comment Share on other sites More sharing options...
ODowneyEng Posted May 24, 2019 Author Report Share Posted May 24, 2019 My CTSW was insured for $70,000 and totaled after being under water in Hurricane Florence. I am now 72. I guess those are two reasons why I have been getting such high quotes. No other claims. Thanks y’all for the responses. Quote Link to comment Share on other sites More sharing options...
Ed Cesnalis Posted May 24, 2019 Report Share Posted May 24, 2019 6 minutes ago, Odowneyeng said: My CTSW was insured for $70,000 and totaled after being under water in Hurricane Florence. I am now 72. I guess those are two reasons why I have been getting such high quotes. No other claims. Thanks y’all for the responses. My CTSW was insured for $80,000 and totaled after being taxied in the wind by me. I am now 66. I'll share my quote with you to compare notes. Quote Link to comment Share on other sites More sharing options...
KentWien Posted May 25, 2019 Report Share Posted May 25, 2019 Called Greg Ellsworth at Air Pros thanks to this post and already seeing one quote with hull coverage that’s $250 less (only $950!) with more to come in. Thanks! Quote Link to comment Share on other sites More sharing options...
SkyrangerRich Posted May 25, 2019 Report Share Posted May 25, 2019 Interesting that insurance costs are very similar on this side of the pond. 2006 CTSW valued at £55,000 ($70,000) paying £1200 ($1500). That's with me starting with zero hours on type. Was expecting it to be significantly cheaper in the U.S, as it seems much more General Aviation friendly. Quote Link to comment Share on other sites More sharing options...
WmInce Posted May 25, 2019 Report Share Posted May 25, 2019 2 hours ago, KentWien said: Called Greg Ellsworth at Air Pros thanks to this post and already seeing one quote with hull coverage that’s $250 less (only $950!) with more to come in. That’s about right. Another recommendation is: Alexander Avn Insurance, Gloria Dublin (321) 444-6577 gloria@alexanderaviation.com. Quote Link to comment Share on other sites More sharing options...
Warmi Posted May 25, 2019 Report Share Posted May 25, 2019 On 5/24/2019 at 11:11 AM, Ed Cesnalis said: I paid $1,000 last year for my 06 CTSW @ $80,000 (hull). I totaled it and now need a quote for an 07, think I will get penalized for the total loss? I am pretty sure you will - I am wondering thought if it makes any difference when a paid claim was due to an act of god ( say a hurricane ) vs pilots own actions ... it doesn’t seem like, given that odowneyeng was already hit with such high quote. Quote Link to comment Share on other sites More sharing options...
Andy A Posted May 27, 2019 Report Share Posted May 27, 2019 AOPA had the best rates or our 2014 CTLSi. $1,547 for $1,000,000 combined single limit. The lesser coverage they offered was about $1,200 but I can't remember the limits. Based on $100,000 hull value...because that is what I paid for it. Also, I am close to you in Myrtle Beach, South Carolina. Quote Link to comment Share on other sites More sharing options...
andyb Posted June 3, 2019 Report Share Posted June 3, 2019 I just got my third renewal notice. Of course, the liability terms, hull value, and pilot experience makes it important to consider more than just the premium. For my 4th year flying the CTLSi, my premium is about $3,000, and it's been pretty steady for all four years. Here's the pertinent information. Liability coverage: $2 million Sublimits: None. This is very important...many policies have a $100,000 per passenger sublimit, which is very close to flying "bare" in terms of liability coverage Hull value: $140,000 Time in type: 200 hours Total time: 2, 600 hours Ratings: Private Pilot, Instrument, Commercial One data point. Andy Quote Link to comment Share on other sites More sharing options...
AGLyme Posted June 3, 2019 Report Share Posted June 3, 2019 see above call Gregg Ellsworth Quote Link to comment Share on other sites More sharing options...
FlyingMonkey Posted June 7, 2019 Report Share Posted June 7, 2019 BTW: Just got my annual quote, and in spite of more hours and no claims, my rates went up. I asked my broker about it, and he said rates went up this year across the board. Not sure why, accident rates have been declining overall. The broker tried to move me to a slightly cheaper carrier, but I decided to pay the extra $29 to stay with USAIG. Last year was $1085, this year was $1140, almost exactly a 5% increase. Quote Link to comment Share on other sites More sharing options...
Warmi Posted June 7, 2019 Report Share Posted June 7, 2019 My quote didn’t go up but stayed the same as last year ...I had an option , like you, to go with another company for about $50 less but was advised against it, which made sense to me . Quote Link to comment Share on other sites More sharing options...
Tom Baker Posted June 8, 2019 Report Share Posted June 8, 2019 It wasn't a CT, but we had a airplane that the rate actually went down, myself, my 21 year old son student pilot, and 16 year old son private pilot glider as named pilots. I was a little surprised considering my commercial policy went up. Quote Link to comment Share on other sites More sharing options...
Andrew Lane Posted June 17, 2019 Report Share Posted June 17, 2019 (edited) Hi Guys, just sharing info in case it helps others. I just got quotes from two brokers mentioned in this thread, they were both very nice/helpful/great! Here's the details of the policy I chose: Price $1602/yr Carrier: USAIG Hull Value: $93,775 Liability Limits: $1,000,000 per occurrence, $100,000 per passenger Medical Limits: $10,000 per occurrence, $5,000 per passenger Aircraft: 2011 CTLS, Tied Down at KMYF Me: Student pilot with 0 hours, 32 years old. --------------------------------- Gregg Ellsworth of Aviation Insurance Resources (AIR) P.O. BOX 32 | Frederick, MD 21705 Toll Free 877-247-7767 | Fax 301-682-9793 | Ph 301-682-6200 --AND-- Kathie Welsh Alexander Aviation Associates, Inc. Phone: (321) 444-6577 / Fax: (321) 444-6582 / E-mail: Kathie@AlexanderAviation.Com / Web: www.AlexanderAviation.com Edited June 18, 2019 by Andrew Lane added more policy detail Quote Link to comment Share on other sites More sharing options...
andyb Posted June 17, 2019 Report Share Posted June 17, 2019 18 minutes ago, Andrew Lane said: Hi Guys, just sharing info in case it helps others. I just got quotes from two brokers mentioned in this thread. Gregg got me a policy for $1602/yr from USAIG. I'm a new student pilot with 0 hours, 32 years old, aircraft is insured at hull value of $94k and will be kept in a tie down at KMYF. Both Kathie and Gregg were great. Gregg Ellsworth of Aviation Insurance Resources (AIR) P.O. BOX 32 | Frederick, MD 21705 Toll Free 877-247-7767 | Fax 301-682-9793 | Ph 301-682-6200 --AND-- Kathie Welsh Alexander Aviation Associates, Inc. Phone: (321) 444-6577 / Fax: (321) 444-6582 / E-mail: Kathie@AlexanderAviation.Com / Web: www.AlexanderAviation.com Andrew, be sure you look at the liability limits, and the sublimits (no sublimit, a good thing, is sometimes referred to as "smooth"). They are very important considerations. Good luck! Andy Quote Link to comment Share on other sites More sharing options...
Andrew Lane Posted June 18, 2019 Report Share Posted June 18, 2019 20 hours ago, andyb said: Andrew, be sure you look at the liability limits, and the sublimits (no sublimit, a good thing, is sometimes referred to as "smooth"). They are very important considerations. Good luck! Andy Thanks Andy. I just added that info to my post. i hope it's helpful to others in the future who are putting together a budget or comparing. Quote Link to comment Share on other sites More sharing options...
Ed Cesnalis Posted July 23, 2019 Report Share Posted July 23, 2019 Aerospace just quoted my 2007 CTSW @ $60k hull value for $2,000. Keep in mind they just paid me $80,000 for totaling my last one. Not bad, maybe I'll take it. Quote Link to comment Share on other sites More sharing options...
WmInce Posted July 23, 2019 Report Share Posted July 23, 2019 1 minute ago, Ed Cesnalis said: Aerospace just quoted my 2007 CTSW @ $60k hull value for $2,000. Keep in mind they just paid me $80,000 for totaling my last one. Not bad, maybe I'll take it. I would shop around Ed. I think you can do better than that. Quote Link to comment Share on other sites More sharing options...
Ed Cesnalis Posted July 23, 2019 Report Share Posted July 23, 2019 Just now, WmInce said: I would shop around Ed. I think you can do better than that. Okay, I'll let you know if I do (do better) Quote Link to comment Share on other sites More sharing options...
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