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28 Feb 2020, 20:18 [ UTC - 5; DST ]


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 Post subject: New Member
PostPosted: 21 Sep 2019, 22:46 
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Joined: 09/20/19
Posts: 7
Post Likes: +1
Aircraft: Baron 55
Hello everyone.

I am looking into purchasing a 1981 Baron55 and have been checking insurance rates. And “Wow” they are high. I have a little over 700 hrs with a multi, instrument, commercial rating but only 15 hrs multi. So it’s like the chicken and the egg routine. The insurance people want you to have a bunch of hours before you get a “reasonable “ rate. Does anyone have leads or ideas on affordable insurance?

Thanks
Don Goins


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 Post subject: Re: New Member
PostPosted: 22 Sep 2019, 17:50 
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Joined: 06/25/10
Posts: 5214
Post Likes: +2590
Location: Palos Verdes, CA (KTOA)
Aircraft: 1979 Bonanza A36TN
Welcome Don! The insurance market got “hard” this year. My rates shot up 33%! If you click on “Sponsors” up there /\/\/\/\ there are a number of excellent brokers that may be able to help.


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 Post subject: Re: New Member
PostPosted: 22 Sep 2019, 20:35 
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Joined: 09/16/10
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Yeah, shop around. But it is up, all across the board.

_________________
A man with no regrets, has a bad memory.


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 Post subject: Re: New Member
PostPosted: 22 Sep 2019, 20:50 
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Joined: 01/06/08
Posts: 3881
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Location: Pottstown, PA (KPTW)
Aircraft: 1965 Debonair C33
I am going to guess that your low multi time is an issue.

Pay it. Second year should be reasonable. Consider first year insurance as part of the deal in buying a twin.

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President, Northeast Bonanza Group


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