Cessna 750 Citation X Insurance Cost

Cessna 750 Citation X Overview:

Part of the broader Cessna Citation family, the Cessna Citation X is an American made business jet manufactured by Cessna. It’s maiden flight took place in December of 1993 and by the middle of 1996, it had received its certification and was delivered for operation. In 2012, the improved Citation X+ was offered with upgraded systems and a larger cabin. By 2018, production of the Citation X wound down after a total of 338 deliveries.

The Citation X found popular success as a corporate jet ferrying executives from companies like General Motors, Honeywell, and the Target Corporation. Moreover, high net worth individuals owned the plane for private use of which Oracle’s Larry Ellison, golfer Arnold Palmer, and former President Donald Trump could be counted among them.

The Cessna 750 Citation X has demonstrated a positive safety record with only 3 hull-loss incidents records. Those incidents include:

• May 29, 2008 – A Cessna 750 Citation X was inside a hangar in Nebraska when it was struck by a tornado resulting in substantial damage to the aircraft.
• March 1, 2012 – A Cessna 750 Citation X was destroyed on approach to Egelsbach Airfield in Germany when it struck trees in a wooded area near the airport. All five persons on board were killed in the incident.
• August 27, 2015 – A Cessna 750 Citation X was damaged beyond repair during a runway excursion at Toluca Airport in Mexico. Both pilots were unharmed in the incident.

Cessna 750 Citation X 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 750 Citation X 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 750 Citation X 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 750 Citation X’s in amounts between $1,000,000 and $2,000,000 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 750 Citation X 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 750 Citation X 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 750 Citation X 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 750 Citation X and requests a quote including hull coverage in the amount of say $2,000,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $2,000,000.
*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 $2,000,000, you would get a straight check for $2,000,000.

Cessna 750 Citation X Insurance Cost Breakdown:

As of January 2021, there are 8 carriers quoting Cessna 750 Citation X insurance in the U.S. We consider qualified pilots to have at least a Commercial License and IFR/MEL ratings, with 3,000 total hours, 1,000 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: $1,250-$1,600 per year.

For an annual policy with $1,000,000 in liability coverage and $2,000,000 in hull coverage
 Premium range for qualified pilots: $9,800-$13,600 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 750 Citation X owners and operators obtain the very best insurance coverage.

BWI offers comprehensive Cessna 750 Citation X insurance policies for personal, business, charter, industrial aid, and commercial aviation uses.

For more information or to get an actual Cessna 750 Citation X insurance quote, please fill out a quote request online here or call us at 800.666.4359