Cessna 404 Titan Insurance Cost

Cessna 404 Titan Overview:

The late 1960s and early 1970s were a monstrous time for general aviation. Aircraft manufacturers were selling airplanes as fast as they could produce them – backlogs were long, orders were steady, and a constantly evolving stream of competition kept designs improving. Cessna had an excellent handhold on the piston twin market; by 1973 they were simultaneously producing models from the light twin 310 to the 340, 402, 414, and flagship pressurized 421.

The unpressurized model 402 had been a successful product and constant improvements throughout production had maintained a steady appetite from customers. But Piper’s new PA-31 Navajo Chieftain could haul more people and more weight, and Cessna was eyeing an outgrowth of the 402 series to compete. The prototype of the new model, dubbed the 404 Titan, first flew in 1975. It used two 375 horsepower turbocharged and geared Continental engines, similar to the Cessna 421, but combined this with a new tail design, extended cabin with a strengthened floor, and a double aft door that allowed easy loading of passengers or outsize freight. The extended nose from the later 402 remained, allowing nearly 800 lbs of cargo or baggage to be carried. Also borrowed from the 402 was the hydraulic system for the landing gear, but a new strengthened trailing link design allowed heavier weights and provided smooth landings for pilots.

Cessna initially offered two models – the Titan Ambassador was aimed as a corporate or business transport, while the Titan Courier was more utilitarian and could seat up to ten passengers. A later model, the purpose built Titan Freighter, would include additional strengthening in the cabin and floor and interior panels on the sidewalls and roof made from damage resistant plastic.

After a brisk certification program the 404 was first delivered in 1976. Its structural improvements allowed a maximum takeoff weight of 8400 pounds, over a thousand pounds heavier than the 421, and nearly a ton heavier than the Chieftain. This rewarded operators with payloads in excess of 3000 pounds, and with the larger cabin it was more capable of carrying outsize freight or cargo. The 404 also carried more fuel than any other piston twin, giving excellent range and endurance, and the excellent flaps allowed takeoff and landing performance to remain strong.

As Cessna envisioned, commuter airlines and cargo carriers quickly adopted the 404 to serve as a utility aircraft around the world. Production ran until 1982 without major changes, with almost 400 built. Nearly 40 years after production concluded, the 404 remains in use worldwide particularly in a cargo role, where its strength, reliability, sizable cabin, and heavy lifting capabilities provide a strong value to this day.

Cessna 404 Titan Insurance Cost:

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 aviation industry as a whole.

Cessna 404 Titan insurance, like all aviation 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 404 Titan aviation liability insurance covers damage caused by the aircraft, outside of the aircraft, specifically property damage, bodily injury, and provides for legal defense in the event that the aircraft owner or policyholder is sued.

Aircraft liability insurance is typically offered for Cessna 404 Titan’s in amounts between $1,000,000 and $3,000,000 per occurrence (per incident) and includes coverage for passengers, but typically limits that amount to between $100,000 and $1,000,000 per passenger. Passenger liability coverage is included within the total liability coverage amount.

A real-world example of how this aviation liability coverage would protect you: If, as a result of operating your Cessna 404 Titan you damaged property or caused bodily injury outside of the aircraft, you would have the full amount of total liability coverage to pay for damages that occurred, less the liability amount paid for passengers inside the aircraft. If the aircraft crashed and you had passengers inside the aircraft that were injured, your insurance policy would pay up to the policy passenger limit for each passenger.

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.

Other liability options: Higher liability coverage on the Cessna 404 Titan is available to qualified pilots with experience in the make and model and a minimum Commercial/MEL/IFR license/ratings.

The second coverage on a Cessna 404 Titan 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 404 Titan and requests a quote including hull coverage in the amount of say $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 do not offer deductibles higher than $0 deductibles, which means in the event of a total loss, if your aircraft was insured for $200,000, you would get a straight check for $200,000.

Cessna 404 Titan Insurance Cost Breakdown:

As of January 2021, there are 8 carriers quoting Cessna 404 Titan insurance in the U.S. We consider qualified pilots to have at least a private license, with 1,500 total hours, 500 MEL hours and 50 hours in the make/model.

For an annual policy with $1,000,000 in liability only coverage.
 Premium range for qualified pilots: $1,500-$1,750 per year.
 Premium range for less than qualified pilots (low-time/etc): $1,800-$2,400 per year.

For an annual policy with $1,000,000 in liability coverage and $200,000 in hull coverage
 Premium range for qualified pilots: $3,680-$4,700 per year.
 Premium range for less than qualified pilots (low-time/etc): $6,000-$16,500 per year.

BWI is a family-owned, nationwide insurance brokerage specializing in aviation insurance since 1977. Our dedicated Aviation Insurance Professionals are highly trained, hand-picked and experienced in helping Cessna 404 Titan owners and operators obtain the very best insurance coverage.

BWI offers comprehensive Cessna 404 Titan insurance policies for personal, business, charter, industrial aid, and commercial aviation uses.

For more information or to get an actual Cessna 404 Titan insurance quote, please fill out a quote request online here or call us at 800.666.4359