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Thread: 2020 Insurance

  1. #1
    kchansen's Avatar
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    Default 2020 Insurance

    Hey all,

    Has anyone had the pleasure of renewing their insurance late last year or already in 2020? Just curious what others are seeing in terms of premium increases (if any). I've read in other forums that some are experiencing some significant jumps, usually with a faster, more complex aircraft, but I've been told the entire industry is seeing increases.

    I'll be starting the process of renewal here in a month or so, and already got a quick quote from another company that was recommended to me. That quote was $300 more than my current premium for the same coverage.


    Thanks!
    Last edited by kchansen; 01-08-2020 at 03:16 PM.
    CFII -- Owner - 1950 Piper Pacer
    Cedar Rapids, Iowa - 2019 Dues Paid!

  2. #2
    andya's Avatar
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    Default Re: 2020 Insurance

    My insurance guy told me last september when we were at RNO together that premiums were going to go up this year.
    "Progress is our most important problem"

  3. #3
    smcnutt's Avatar
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    Default Re: 2020 Insurance

    We're actual due in March. However, the agent is already requesting info/flight hours so they can start shopping. We had an increase last year but I'm hoping not again this year.
    “Common sense is in spite of, not the result of, education.”
    ― Victor Hugo

  4. #4
    Stephen's Avatar
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    Default Re: 2020 Insurance

    My insurance is almost the same as last few years at $761 through Travers. This includes $25k hull insurance on my Pacer. I have not shopped around for years because they fully paid off a major damage claim on my plane years ago with virtually no questions.
    Last edited by Stephen; 01-08-2020 at 03:25 PM.
    "You can only tie the record for flying low."

  5. #5
    kchansen's Avatar
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    Default Re: 2020 Insurance

    My insurance is almost the same as last few years at $761 through Travers.
    Good to know. Travers is where I just got my quote. I've been with Falcon Insurance since we bought the Pacer in 2012, and the rate is typically around $750. The quote from Travers was $989 for this year. I haven't gone through the renewal process with Falcon yet, so that's what got me wondering how others are doing with renewals...
    CFII -- Owner - 1950 Piper Pacer
    Cedar Rapids, Iowa - 2019 Dues Paid!

  6. #6
    sierrasplitter's Avatar
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    Default Re: 2020 Insurance

    Mine did not increase. And I had an accident ( Ground Loop) that was paid in full. No deductible on the policy 40K hull value. I got my fist years policy with less than 50 hours tailwheel. So it was high ( 1628 a year ) . Im not bitching or shopping around because they covered my screw up, didn't drop me and offered to cover me again at the same value

    Bill White. Policy is underwritten by AGI

  7. #7
    Gilbert Pierce's Avatar
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    Default Re: 2020 Insurance

    Mine went up $44.00. No complaints.

  8. #8
    kchansen's Avatar
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    Default Re: 2020 Insurance

    Mine went up $44.00. No complaints.
    I can handle that!
    CFII -- Owner - 1950 Piper Pacer
    Cedar Rapids, Iowa - 2019 Dues Paid!

  9. #9
    Stephen's Avatar
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    Default Re: 2020 Insurance

    Quote Originally Posted by Gilbert Pierce View Post
    Mine went up $44.00. No complaints.
    That's because Clipper's are not airworthy without flaps.
    "You can only tie the record for flying low."

  10. #10
    Administrator Steve Pierce's Avatar
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    Default Re: 2020 Insurance

    Quote Originally Posted by Stephen View Post
    That's because Clipper's are not airworthy without flaps.
    They just know he isn't gonna take it to those places you and I frequent.

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