Insurance

N3005A · Post by **N3005A** » Mon Aug 21, 2006 1:26 pm

I'm in the process of getting ready to gather quotes for insurance on 3005A. I have always carried car insurance with USAA and was wondering if any of you are covering your 170 through them? I've read up on the past posts with regards to them being tied in with USAIG, and did not know if that little deal has been cleared up from complaints or if they are still sleeping in the same bed. If not USAA, who have you had good luck working with and how have you faired in having rates increased in the past few years?

Thanks in advance for any input. I do appreciate it.

tshort · Post by **tshort** » Mon Aug 21, 2006 1:43 pm

I got my first tailwheel policy thru AIG; hull value of 35K and I have about 300 total time and essentially zero tailwheel when the policy was written; it is 1500/year.
I'm interested to see if it changes at all after a year or so of flying. Someone told me they think the cutoff for tailwheel time discount is 500 hours ... ?

Thomas

Jr.CubBuilder · Post by **Jr.CubBuilder** » Mon Aug 21, 2006 3:04 pm

I went through the AOPA, and paid $1321 (just wrote the check) that's down from right at 1400 last year and I now have about 160 hours time in type.

CraigH · Post by **CraigH** » Mon Aug 21, 2006 3:49 pm

When I shopped around last year Avemco was the cheapest. $1450 for 63000 hull, 250 tailwheel hours, zero 170 hours and 700TT.

cessna170bdriver · Post by **cessna170bdriver** » Mon Aug 21, 2006 5:09 pm

CraigH wrote:When I shopped around last year Avemco was the cheapest. $1450 for 63000 hull, 250 tailwheel hours, zero 170 hours and 700TT.

Craig,

How does that compare with insuring the RV?

Miles

N170BP · Post by **N170BP** » Mon Aug 21, 2006 5:43 pm

Paid $980 for $40K hull on the 170B last August via Travers w/AIG
as the underwriter ($980 / $40K = 2.45% of hull value per year)

Just paid $1619 for $70K hull on the 180 via Travers / AIG again
($1619 / $70K hull = 2.31% of hull value per year)

CraigH · Post by **CraigH** » Mon Aug 21, 2006 6:11 pm

cessna170bdriver wrote:
CraigH wrote:When I shopped around last year Avemco was the cheapest. $1450 for 63000 hull, 250 tailwheel hours, zero 170 hours and 700TT.
Craig,

How does that compare with insuring the RV?

Miles

Avemco is outrageous on homebuilts. They wanted $2650 for $68K hull on the RV. I ended up going through Falcon's EAA plan with Global as the underwriter for $1870 instead.

Robert Eilers · Post by **Robert Eilers** » Tue Aug 22, 2006 3:57 am

I use Zannette a broker out of San Carlos - had pretty good luck over the years. Least expensive they could find this year is AIG at $1383 for $53,000 hull value. This year the cost actually went up by about $30. My accumulated tailwheel time and time in type did'nt seem to make much difference.

bilhelm · Post by **bilhelm** » Tue Aug 22, 2006 7:55 pm

I also paid about 900 something this year for my insurance with Travers insurance. I was very happy with AUA but they went up to about 100 dollars more than travers and that's a month's hangar rent. Travers was the cheapest I could find.

Bill

blueldr · Post by **blueldr** » Wed Aug 23, 2006 2:16 am

I have always insured through USAA. Have never found equal service with anyone else. Of course, I've been with them over fifty years for all my insurance needs.

N3005A · Post by **N3005A** » Wed Aug 23, 2006 1:53 pm

That's what I was looking for. Are they still running everything through USAIG? How have your rates been? I've been with them on home and auto, and investments for years, but have never shopped them on airplane insurance.

lowNslow · Post by **lowNslow** » Wed Aug 23, 2006 4:44 pm

I was using USAA (and still do for my cars) but they only act as a agent for the aviation insurance. I got a better quote from Travers and saved about $200 for a better policy.

N3005A · Post by **N3005A** » Wed Aug 23, 2006 9:19 pm

which is actully through Global Aerospace, via Falcon Insurance in Kerrville, with 57600 on hull (they won't cover more than that without equipment list), it comes to $1,595. I'll do some more shopping.

Post by **GAHorn** » Thu Aug 24, 2006 3:42 am

N3005A wrote:I'm in the process of getting ready to gather quotes for insurance on 3005A. I have always carried car insurance with USAA and was wondering if any of you are covering your 170 through them? I've read up on the past posts with regards to them being tied in with USAIG, and did not know if that little deal has been cleared up from complaints or if they are still sleeping in the same bed. If not USAA, who have you had good luck working with and how have you faired in having rates increased in the past few years?

Thanks in advance for any input. I do appreciate it.

USAA, USAIG, and AIG are all very different companies. They do different jobs. They offer different services. One is broker of insurance policies. One is a group of underwirters, who insure many, widely varying risks. One is a large insurance conglomerate that rarely insures airplanes. They are not the same.
Your broker, USAA ...MAY or MAY NOT quote insurance from USAIG, a very reputable group of underwriters. USAIG is NOT the same as the Olkahoma brokerage firm AIG...nor is the Oklahome firm the same as the notorious AIG of national insurance fame (or infamy, as the case may warrant.) There is a big difference between a local/independent broker, and an underwriter.
Travers and Avemco are both supporters of our association, and they may be reached by "clicking" on their adverts located at the upper-right of this page.
Falcon is another brokerage firm, who will quote insurance offered by the same underwriters that Travers uses. Avemco does not insure or quote thru brokers....they are an underwriter (or re-seller) who quote directly to the customer.
Most brokers do not offer apples-to-apples comparisons. Be very careful and examine the fine-print carefully before assumeing that you are actually comparing two identical policies. (It's not likely the two actually are equal comparisons at all. ... and THAT is where a broker will earn his/her fee.. They can quickly cut through all the marketing hooplah and show you which policies actually are comparable and which will really insure you against your real liabilities depending upon your individual situation.
Do not be afraid to use the services of a reputable broker. They will likely be able to demonstrate which policies fine-print exlusions are important and which are not.

swanstedt · Post by **swanstedt** » Thu Aug 24, 2006 8:35 pm

Many variables in the quotes (pilot's experience, ratings, hull value, location, etc). Just locked in insurance for the next year with Travers. I got several quotes in the process:

Plane: 1951 170A, hull value $35000
Place: tied down in Rangely, CO....small airport with ~6000' strip at 5270' elev. Low probability or hail.
Pilots: me: 191 TT, 56 C170 time, 59 tailwheel, Private, VFR only
partner: 55 TT, 45 C170 time, Student

For those that aren't aware, insurance goes by the low time pilot. You can add additional higher time pilots without taking a hit.

Avemco: $2001 both ($1842 once partner gets Private), $1562 me only
AOPA: wouldn't cover partner, $1469 me only
Travers: $1481 both, $1323 me only

Full coverage with liability limits were quoted at $1,000,000/$100,000.

Scott

The International Cessna 170 Association

Insurance

Insurance

blueldr

Got my quote from USAA

Re: Insurance