Insurance Over 75
My insurance agent told me that most of their companies are dropping coverage for pilots 75 and older and that only two companies bid on a policy. I have no accidents or incidents and fly a modern fixed gear aircraft with one of the industry's best safety ratings. The rate has doubled. It would be nice to find a lower rate but I am even more concerned about getting dropped next year or the year after that even though I have no medical issues.

Does anyone have any suggestions?
22 Replies
Robert Tucker,

I am 79 and have cheaper insurance than most younger pilots.  I am a high time pilot and have a 2nd Class Med.
Try my agent, Ed Davis, 805 375- 3327. 

Ray Winslow
Thank you Don. I'll give him a call.
One option - which I have done for many years now, is to only carry liability. I have been flying for 42 years now and watched the premiums climb every year. It's out of hand for sure and there is no way around it that I can see.
I have owned an airplane for every year of my flying except for 2 years. Everything from Pitts, T-6, T-34, Bonanza, Barons, Yak 52/55 and now a Lancair Legacy. No hull on any of them for the last 30 years. Figured the money is better spent on perfect maintenance and always in a hangar. At best I fly 50 - 100 hours a year and the insurance rates just don't make any sense anymore. The plane sits in the hangar literally 99% of the available hours in a year. Granted - fully owned, no mortgage and if we live through totaling the plane, the financial loss won't change my financial plans in the long term.
I have a very good friend test pilot, ex military and 78 years old. We had this conversation just two days ago - and he came to the same conclusion.....
I'm a 78 year old private pilot and own and fly an experimental LSA (single engine, fixed gear) under BasicMed and am insured by AIG Aerospace. My broker is Gregg Ellsworth at Aviation Insurance Resources in Frederick, MD. Phone: 877-247-7767, email: sales@air-pros.com. Premiums are competitive and haven't changed appreciably over the past several years. In 56 years I've never had any accidents, incidents or pilot deviations.
Robert, I too am over 75 (I'm 77, flying 44 years, on basic med, 4000+ hours, CFI, and have owned a Cherokee 180 for more than 40 years). My insurance really went up this year, by about $200, but no problems with insurance company. My broker is Christine at Susfolk Insurance (800) 437-5263 or (818) 989-1112 or susfolkinsurance@aol.com
Ceci
J Killian
41 Posts
I too am an oldster (76 years old) and have been flying for over 40 years and own a 76 Archer.  I have kept my same insurance (for many years) with full coverage acquired through AOPA..  Switching is something that should be avoided at our age if possible.  But give them a call and should probably be able to help you.  
I shopped late last year.  I wanted more than the usual $1 mil policy.  I was told to stay with the same carrier if I still wanted the higher limits.  I was also told to do more training like the FAA Wings and rating upgrades.  I have no need for commercial or twin, though.  I renewed without a problem.  
Age 81 flying with Basic Med. Also insured by AIG with only a slight increase in payment after passing age 80. My RV-6A has been insured by AIG for the last 15 years and their prices have always been reasonable. Premium went up about 15% this year, but it was expected as AOPA and others warned that most aviation insurance would go up. I have had only one claim for minor damage caused by a freak wind storm about ten years ago. AIG payment was quickly made with no argument. 
I have been told by some that me attending webinars 3 or 4 times a month have no affect on insurance rates, but as nearly all my friends rates keep going up and mine has actually come down a little I am inclined to think they do pay attention to training. I am 76, one claim and fly a Zodiac 601XLB that I built.  Always hangared.
Non working number. Maybe he just told you that you were insured. :-)