Cessna 425 Corsair Insurance Cost

Cessna 425 Corsair Overview:

The late 1970s left Cessna with a gap in their product line. From their single-engine piston aircraft through their cabin class pressurized twin-engine designs, a constant array of Cessna aircraft were available to the general aviation buyer. The Citation line of jets was changing the face of business aviation and high sales were leading to new models and constant growth. But there was a sizable space between the Model 421 twin-piston and the smallest Citation jet.

Competitors were rapidly selling airplanes that filled this gap. Beechcraft’s ubiquitous King Air and Piper’s Cheyenne both had healthy order books, and by 1977 Cessna was playing catch up to both. In 1977 and 1978 two new turboprop models, both based on successful piston-engined cabin class Cessnas, would debut.

The smaller of these new turboprops would be a development of the successful Model 421 twin piston. The geared and turbocharged engines from the 421 were replaced with Pratt & Whitney Canada PT6 engines, each producing 450 horsepower, and further structural changes allowed the gross weight to be raised 750 pounds over the later 421s. The considerably lighter engines gave further improvements in payload, and the fuel capacity was bumped up to a whopping 366 gallons, giving the new Model 425 a range of over 1500 nautical miles.

The Model 425 was dubbed the Corsair and was both faster and longer-legged than the King Air 90 while offering a cheaper sticker price. Options included various interior configurations, all seating four to six passengers, and different levels of cockpit avionics. Three years later further improvements in the interior and a small bump in maximum takeoff weight would lead to the Corsair being renamed the Conquest I to be the smallest of the turboprop family, while the Model 441 would be redesignated the Conquest II.

The introduction of turboprops at the top of the twin-propeller line offered Cessna a solid product line from the student pilot through light twins and cabin class aircraft all the way to the introduction of jets. Sales were steady for the 425 but the general downturn of aviation in the early 1980s took many victims and production was terminated in 1986 with slightly fewer than 250 produced.

Though long out of production, the 425 remains a popular aircraft on the second-hand market. Parts availability is reasonable due to the large number of common parts in the Cessna 400-line and numerous upgrades are available including engine swaps that offer as high as 750 horsepower per side with substantial improvements in speed and climb rates. 35 years after the line was closed, the few number of aircraft on the used market at any one time stands as a testament to their popularity with their owners.

Cessna 425 Corsair 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 425 Corsair 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 425 Corsair 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 425 Corsair’s at $1,000,000 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 425 Corsair 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 425 Corsair may be available to qualified pilots with experience in the make and model and a minimum Private License/IFR rating.

The second coverage on a Cessna 425 Corsair 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 425 Corsair 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 425 Corsair Insurance Cost Breakdown:

As of January 2021, there are 8 carriers quoting Cessna 425 Corsair insurance in the U.S. We consider qualified pilots to have at least a Private License and IFR Rating, with 1,000 total hours, 500 multi-engine hours and 100 hours in the make/model.

For an annual policy with $1,000,000 in liability only coverage.
 Premium range for qualified pilots: $650-$900 per year.
 Premium range for less than qualified pilots (low-time/etc): $875-1,250 per year.

For an annual policy with $1,000,000 in liability coverage and $200,000 in hull coverage
 Premium range for qualified pilots: $4,200-$5,800 per year.
 Premium range for less than qualified pilots (low-time/etc): $8,950-$13,700 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 425 Corsair owners and operators obtain the very best insurance coverage.

BWI offers comprehensive Cessna 425 Corsair insurance policies for personal, business, charter, industrial aid, and commercial aviation uses.

For more information or to get an actual Cessna 425 Corsair insurance quote, please fill out a quote request online here or call us at 800.666.4359