Do You Have Any Control Over Your Aviation Insurance Rates?

When it comes to aviation insurance, many aircraft owners assume rates are set in stone. While market conditions and underwriter guidelines play a big role, you do have some influence over what you pay. Here are a few key factors within your control:

1. Pilot Experience and Training

Your flight hours, ratings, and recurrent training matter a lot. Insurers reward pilots who invest in safety and proficiency. While completing annual recurrent training for the make and model aircraft being flown is often required, pilots who receive additional training during the year (such as upset recovery training, additional proficiency training, or safety courses) may be eligible for premium discounts.

2. Aircraft Maintenance and Upgrades

Keeping your aircraft in top condition reduces risk. Documented maintenance, modern avionics, and safety enhancements like ADS-B or terrain awareness systems can positively impact your rates.

3. Claims History

A clean record speaks volumes. Avoiding preventable incidents and promptly addressing any issues helps maintain favorable terms.

4. Coverage Choices

The more attention you pay to number 1 above, the more coverage options underwriters will offer (higher liability limits, broader policy wording, more underwriting flexibility).

Bottom Line

While you can’t control market trends or underwriter appetite, focusing on safety, training, and smart coverage decisions gives you leverage. Think of it as managing risk, because in aviation insurance, risk management is equivalent to cost management.

Contact your AssuredPartners Aerospace broker to review your current coverage and explore ways to optimize your rates without sacrificing protection.

Disclaimer:
The information contained herein is offered as insurance industry guidance and provided as an overview of current market risks and available coverages and is intended for discussion purposes only. This publication is not intended to offer financial, tax, legal or client-specific insurance or risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms, and/or conditions, and should not be relied on for coverage interpretation. Actual insurance policies must always be consulted for full coverage details and analysis.