If your job or hobbies have put you in the cockpit, the right aircraft insurance gives you and your passengers the protection you need.
A basic policy can protect you and your plane from the financial consequences of aviation accidents, vandalism, bad weather, or other types of damage.
Even if the state or federal government doesn’t require aircraft insurance, a good policy will at least cover basic liability, and you’ll be able to change it to fit your needs, budget, and any special circumstances or coverage requirements.
Fly BWI
BWI Fly is consistently ranked as one of the best aircraft insurance companies because it offers a wide range of policy options, great customer service, and affordable coverage that can be tailored to your needs.
Policy solutions from BWI can meet both personal and business needs. It also has a large number of niche or specialty policies for certain types of aircraft and aircraft owners, such as experimental aircraft, seaplanes, flying clubs, commercial drones, private jets, aircraft charters, and aircraft owners who want insurance for a specific type of aircraft.
Coverage depends on the policy and what the policyholder wants, but most BWI general aviation coverage options include liability, aircraft hull, ground, flight, not in flight, and not in motion insurance.
Most customers can get online quotes and claims from BWI’s website quickly and easily, and its customer service is always thought to be top-notch. This provider also has a lot of helpful learning materials for both new and experienced pilots.
Standard BWI aviation insurance policies cost as little as $225 a year for liability-only coverage of up to $1 million, which makes it an affordable choice. But rates can change a lot depending on what kind of coverage you need, how much experience you have, and other common factors, so it’s always best to look for a personalized rate.
USAA
In 1922, the USAA Insurance agency began as an auto insurance company. Since then, it has grown to offer a wide range of services to USAA members and their families. This means that veterans can go to one place to get banking services, mortgages, home, car, health, and even plane insurance.
USAA is the best choice for veterans looking for aviation insurance because members get great service from experienced underwriters and can get affordable annual premiums and other perks.
USAA covers both private and commercial planes, as well as aviation and farming businesses. It also covers liability for things that you don’t own. Plans include traditional planes, helicopters, seaplanes, warbirds, and commercial UAVs (drones), so it’s easy to find the right policy for your aviation interests.
The annual premiums depend on the type of aircraft, the needs of the member, and the coverage chosen. There are plans that cost less than $100 a year. You must be a USAA member to be able to get aviation insurance from USAA. Log in to your membership account or call USAA directly to get personalized quotes.
Wings Wings has been specializing in aviation insurance since 1984, and it now offers global insurance solutions through a network of providers. Wings is our top choice for commercial aviation policies because all of their policies are made to fit the usage, coverage, and financial needs of each client.
Commercial customers will find that Wings policies cover all the usual things: aircraft hull and liability, cargo operations liability, pollution and environmental liability, products and completed operations, and property and ocean cargo coverage.
But if you’re looking for a truly well-rounded insurance company for your business, you may find that Wings’ workers’ compensation coverage and life insurance set it apart from some competitors.
Wings is proud of its truly individualized underwriting process, and its goal is to find the best policy for clients in the U.S. and all over the world. So, you can’t get instant quotes online, but Wings agents are quick to respond and know what commercial aircraft policyholders need.
AssuredPartners Aerospace
AssuredPartners is one of the biggest aviation insurance companies in the country and works closely with the Aircraft Owners and Pilots Association (AOPA). It has options for both business and personal insurance, like renters insurance, that policyholders can buy online and bind in minutes. AssuredPartners is our choice for aircraft renters insurance because of this and its low prices.
AssuredPartner’s basic liability renters policies start at $81 a year, and for just $175 a year, you can get extra coverage like damage to property and injuries to passengers. So, for less than $7 a month, you can add an extra layer of coverage that goes beyond the limits of the aircraft owner’s policy.
AssuredPartners also gives discounts to policyholders who qualify. These discounts can make coverage even cheaper. Members of the AOPA, for example, can save 5% on a policy for aviation.
Policyholders can save even more if they don’t make a claim for a year. After a year, they get a 10% discount, an accident forgiveness, and their deductible is waived.
