Overview:
The Cessna 188 Ag series is a family of aircraft designed by Cessna as light agricultural aircraft. The Cessna 188 was first introduced in 1966 and produced until 1983. Over 3,900 Cessna 188’s were built and even today, they remain one of the top agricultural aircraft, in use.
The Cessna 188 is a single-engine-piston, strut-braced, low-wing, agricultural airplane. The 188 was developed extensively from the Cessna 180 airframe and even used the same Continental O-470-R 230 horsepower engine. The Cessna 188 design was so successful that over the 17 year duration of production, the basic airframe didn’t change and newer models only had upgraded engines, and dispensing systems.
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 188 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 188 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. Cessna 188 insurance, if used for agricultural spraying, also includes additional coverages specific to agriculture spraying.. Aircraft liability insurance is typically offered for Cessna 188 aircraft at $1,000,000 per occurrence (per incident).
A real-world example of how this aviation liability coverage would protect you: If while flying your Cessna 188 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.
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 is actually coverage built into your standards airplane insurance policy.
Higher liability coverage on the Cessna 188 may be available depending on the exact use of the aircraft and pilot qualifications.
The second coverage on a Cessna 188 aircraft 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 188 and requests a quote including hull coverage in the amount of $200,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $200,000.
*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 include some small deductibles on agriculture aircraft insurance policies. In the event of a total loss, if your aircraft was insured for $200,000, you would get a straight check for $200,000, less any deductibles.
Cessna 188 agriculture use insurance cost breakdown:
As of February 2020, there are 4 carriers quoting Cessna 188 insurance in the U.S. We consider qualified pilots to have at least a private license, with 500 total hours, 100 tailwheel, and 25 hours in the make/model.
For an annual policy with $1,000,000 in liability only coverage.
Premium range for qualified pilots: $1,300-$1,875 per year.
For an annual policy with $1,000,000 in liability coverage and $200,000 in hull coverage and commercial agriculture use.
Premium range for qualified pilots: $8,500-$18,200 per year.
For more information or to get an actual Cessna 188 aircraft insurance quote, please fill out a quote request online here or call us at 800.666.4359
-The BWI Team
