Aircraft Insurance

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

What is Aircraft Insurance?

Aircraft insurance provides financial protection against damage or loss to an aircraft and liability for damage caused to third parties.

What Is Aircraft Insurance?

Types of Aircraft Insurance

  1. Liability Insurance: Covers damage to third parties.
  2. Hull Insurance: Covers physical damage to the aircraft.
  3. Passenger Liability: Specifically for passenger injuries.
  4. Ground Risk Hull Insurance: Protection while stationary.

Factors Affecting Insurance Cost

  • Aircraft Type and Value: More expensive aircraft cost more to insure.
  • Usage Frequency: More frequent use can increase premiums.
  • Pilot Experience: Experienced pilots often receive lower rates.
  • Storage and Maintenance: Secure storage and regular maintenance can reduce costs.

Can you get life insurance if you’re a pilot?

Why You Need Aircraft Insurance

  1. Legal Requirement: Often legally required for operation.
  2. Financial Protection: Protects your investment from accidents and liabilities.
  3. Peace of Mind: Provides security for you and your passengers.


  1. Small Private Plane: Lower risk, generally lower premiums.
  2. Commercial Jet: Higher value, more usage, higher premiums.


Aircraft insurance is essential for legal compliance and financial security. The type and frequency of aircraft use, along with the pilot’s experience, significantly impact the insurance cost. Careful consideration and comparison of different insurance options can lead to the best coverage for your needs. Contact us today for a free quote.

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Frequently Asked Questions

How much is aircraft insurance on average?

The amount you will need to pay each year in premiums will depend on the coverage amount, your experience level, and the flying you do. Generally, the premium will fall between $100 and $500.

How can I lower my aircraft insurance?

To improve your chances of getting aircraft insurance, gaining experience in the specific make and model of the aircraft you plan to insure is recommended. Keep up with training and earn additional ratings. Consider joining a flying club and hangaring your aircraft. It’s essential to stay claim-free by practicing safe flying habits and flying frequently. When choosing insurance, consider your passenger-carrying capacity.

How long is flight insurance good for?

The duration of travel insurance policies can vary by policy, but they generally last up to one year. When determining the premium for a policy, the primary factors considered are the length of your trip, the total trip cost, and the age of each traveler.

Is there an age limit for aircraft insurance?

Although a pilot’s age may increase the likelihood of being a flight risk, there is currently no universal “age limit” for pilots in the aviation industry. Each of the 16 major general aviation insurance companies has specific underwriting requirements.

What does aircraft insurance cover?

Aircraft insurance provides coverage for repairing damaged airplanes and other flying machines. Some policies may offer additional coverage for damages caused to airports, hangars, and related land-based property.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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