New Pilot Insurance

[generalken]

Hey there folks. My question is in ref. to insurance on simular aircraft. My lack of ability to research this topic is due to the fact that I'm in Iraq right now and many sites are blocked, such as insurance.

Will I see a dramatic difference in insurance for planes that are simular in specs. The planes that I'm talking about are the Grumman Traveler, Piper Cherokee 160, and the C172.

Thank you for you time.
Ken

[Howard]

In general you won't see large differences in insurance premiums among most of the aircraft you mention. You MIGHT find slightly higher premiums for the Grumman, but the difference should be small.

[Jeff S KDTW]

They will all be within a couple/few hundred dollars of one another, most likely.

[Howard]

The difference you'll see in insurance premiums will be negligible unless you have a substantial amount of flight time in one of them and not the others. Assuming the value on each aircraft is identical, year of manufacture is similar and assuming you have the same amount of flight time in each model, the Grumman will be slightly more expensive to insure (most likely) due to slightly higher costs for replacement parts. Other than that, most companies will rate the Cessna 172 and PA28 the same.

Although there is some variation, most insurance companies have one rate structure for all single engine land, fixed landing gear aircraft with less than 200 horsepower and a fixed pitch prop. There may be some variation for the age of the aircraft (some companies won't write aircraft over a certain age or will charge higher premiums for them) and certain models may be subject to higher rates (due to abnormal loss rates or expense of repair), but in general, most Cessna and Pipers of similar type and performance tend to be rated the same.