Online Community of Zenith Builders and Flyers
After reading time after time about major increases in aviation insurance premiums, I was holding my breath when my broker told me it was time to renew and she'd get me a quote. To my great surprise, my premium quote was lower than last year! The quote was down by about 4% - not a huge amount, but definitely in the right direction! This is for exactly the same liability and hull coverage with no changes elsewhere in the contract. Also, there was no change in my history as far as additional ratings, etc.
Just wondering if maybe the rates have peaked and we get an economic breather for a while? It's sure contrary to the way the rest of the economy is going - I paid $135 yesterday to fill up my F-250 diesel pickup!
I am 74 years old, flying on Basic Med, have two planes insured (neither one is a Zenith - my 601XLB is far from finished, the other two planes keep me busy enough to make for a very slow build). The insured planes are a 1948 Stinson 108-3 and an Acey-Duecy hombuilt (built by someone else, I have already proven I don't have the time to build efficiently right now). My rates also have stabilized, I am happy to report, and so far they have not thrown me overboard due to age. I have been with the same company for a long time.
As mentioned, I am 74 and in good general health, on a Basic Med exam. I have about 25,000 hours with about 900 tailwheel time (both insured planes are taildraggers). So there is another data point for you all - they are still insuring me and not upping the costs this cycle.
I’m 65, plenty of total time, flying only the 701 we finished three years ago and I have just over 100 hours logged in this aircraft now. No claims or incidents. Renewed with the same carrier last month and my cost also decreased by a few dollars.