Overview:
Overview:Cessna 182 Insurance cost is a lot less than similarly equipped aircraft due to the reliability and loss history the C182 has earned. The Cessna 182 is definitely one of the easiest aircraft to insure and aircraft insurance brokers around the US rejoice when an insured is looking for a Cessna 182 insurance quote.
Aviation insurance in general, is a very specialized industry and premiums vary depending on make and model of the aircraft, hull value, use of the aircraft, pilot history and qualifications and aircraft insurance rates even take into account the loss history of each specific make and model and the loss history of the industry as a whole.
Cessna 182 insurance, like all airplane insurance, is broken down into 2 specific coverages. The first is Liability Coverage, which is standard on every aircraft insurance policy and the second is optional hull coverage, which covers damage to the aircraft itself.
Cessna 182 aviation liability insurance covers damage caused by the aircraft, outside of the aircraft, specifically property damage, bodily injury, and provides money for legal defense in the event that the aircraft owner is sued. Aircraft liability insurance is typically offered for Cessna 182’s at $1,000,000 per occurrence (per incident) and includes coverage for passengers but limits that amount to $100,000 per passenger, which is included within the total liability of $1,000,000.
A real world example of how this aviation liability coverage would protect you: If while flying your Cessna 182 and damaged property or caused bodily injury outside of the aircraft, you would have the full $1,000,000 in coverage to pay for damages that occurred. If the airplane crashed and you had passengers inside the aircraft that were injured, your insurance policy would pay up to $100,000 for each passenger. The Cessna 182 typically holds 3 passengers, so you up to $300,000 of your total $1,000,000 insurance policy could be used to pay for passenger liabilities, leaving you with $700,000 for other damage outside of the aircraft or legal defense.
This liability coverage also applies as a bubble that follows the aircraft around. If the aircraft is hangered, liability coverage extends throughout your hangar and it is this coverage that airports will typically require you to have. It’s not a separate insurance policy, it’s actually coverage built into your standards airplane insurance policy.
Other liability options: Some companies may offer lower liability at $500,000 but the cost savings typically doesn’t make this a viable choice. Higher liability coverage on the Cessna 182 is available to highly qualified pilots (ex: ATP, Instrument rated pilots with several hundred hours in Cessna 182’s) and is typically offered at $1,000,000 total liability, limited to $250,000 per passenger or 1 Mil smooth, which is $1,000,000 total liability with no passenger limit.
The second coverage in a Cessna 182 insurance policy is hull coverage and is an optional coverage. Aircraft hull insurance covers damage to the aircraft itself and is an agreed value, not subject to depreciation. Agreed value is decided during the initial insurance quoting process, the aircraft owner requests an insurance quote for his or her Cessna 182 and requests a quote including hull coverage in the amount of say $60,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $60,000.
*Insurance companies may place additional stipulations on quotes to prove the value of your aircraft prior to binding, if your agreed value is higher than bluebook.
Most aviation insurance companies do not offer deductibles higher than $0 deductibles, which means in the event of a total loss, if your aircraft was insured for $60,000, you would get a straight check from the insurance company for $60,000.
Cessna 182 Insurance Cost Breakdown:
As of November 2019, there are 10 carriers quoting Cessna 182 insurance in the U.S. We consider qualified pilots to have at least a private license, with 300 total hours and 25 hours in the make/model.
For an annual policy with $1,000,000 in liability only coverage.
For an annual policy with $1,000,000 in liability coverage and $50,000 in hull coverage
For more information or to get an actual Cessna 182 insurance quote, please fill out a quote request online or call us at 800.666.4359
-The BWI Team
