206 insurance
I’m shopping for 206 insurance for a possible purchase. So far I’ve gotten one quote and it knocked my socks off. 1977 206 valued at $285k. Premium $6347! Now my age, 75, and time in type, 10 hours, factor into it (even though I have 1000 hours 210 time and the 206 is an outgrowth of the 205 which was nothing more than a fixed gear 210 and actually on the 210 type certificate but they won’t accept that time). I got a quote for a 182 valued at $250k and the premium was only 2157, 1/3 the 206 premium. Have others had this experience? I really have a use for the U206 but that premium puts me out of that market.
Comments
E, this is a common issue in the insurance market if you have been keeping score. Your age, plus 6 seats is going to make it hard, , just the facts in the industry now. Sad. My hanger partner, has a Searey, mega time... older.. They quoted hiim 6k for a 80k hull., he said forget it. went with just liability. Keep shoping but good luck. Carl
IA 47yr A&P DAL A/C Inspector 172n
Ed,
Actually you are lucky to get some quotes. The 206 is an expensive plane to insure as Carl stated above. Time in type is critical #1, IFR reduces the premium substantially. With age a close 3rd. Majority of underwriters will not even quote 70 years and up anymore.
The 206 is a phenomenal aircraft that checks a lot of boxes for a lot of people. I too had time in the 210, once you bank some time with an instructor, so you can procure the needed PIC time in the left seat at least 25 hours...your premium will drop. Paul