NAFA member, Benjamin Peterson, Founder and CEO of Sunset Aviation Insurance, shares their latest November 2022 Aircraft Insurance Update.
Recent Aircraft Insurance Quotes
We’ve seen the aircraft insurance market start to flatten recently. Policy premium increases are slowing down, with the exception of pilots with policies that were below market rates. Some pilots with great resumes have actually seen declines in premiums.
Aircraft inventories have continued to increase slowly, however they are still very low compared to the norm. Despite inventory levels increasing, prices have also been increasing. Here’s some recently quoted aircraft insurance rates.
This report was originally published by Sunset Aviation Insurance on November 15, 2022.
