Overview:
The Piper Aerostar 600 is a twin-engined propeller-driven light transport aircraft popular with executives since the late 1960’s. Originally designed and built by Ted R. Smith in 1967, the production became a part of the Piper Aircraft Corporation where it was produced until its end of service in 1984. In total, over 1,000 Piper Aerostar 600s were produced with many still taking to the skies today.
At the time of production, the Aerostar 600 actually held the speed record for the fastest twin piston aircraft in general aviation with cruise speeds in excess of 400 km/h. Once Piper took over in 1978, production focused on variants 600A and 601B. The 600A was essentially the same as the 600 with some minor detail changes while the 601B featured an increased wingspan.
General characteristics of the Piper Aerostar is as follows:
- Crew: 1
- Capacity: 5 passengers
- Wingspan: 36ft 8in
- Empty weight: 4,275 lb
- Maximum speed: 306 mph
- Cruise speed: 242 mph
- Range: 890 nmi
- Service Ceiling: 25,000 ft
Piper Aerostar 600 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.
Piper Aerostar 600 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 Piper Aerostar 600 aircraft 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 Piper Aerostar 600 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 Piper Aerostar 600 typically holds 6 passengers, so you up to $600,000 of your total $1,000,000 insurance policy could be used to pay for passenger liabilities, leaving you with $400,000 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 is actually coverage built into your standards airplane insurance policy.
Higher liability coverage on the Piper Aerostar 600 may be available to highly qualified pilots or commercial use insurance policies.
The second coverage on a Piper Aerostar 600 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 Piper Aerostar 600 and requests a quote including hull coverage in the amount of say $150,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $150,000.
*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.
Deductibles on Piper Aerostar 600 insurance policies very, some policies have $0 deductibles while others have $3,000-$5,000. Depending on the deductible, if your aircraft was insured for $150,000 and you had a total loss, you would get a straight check for $150,000, less any deductible.
Piper Aerostar 600 Insurance Cost Breakdown:
As of February 2021, there are 5 carriers quoting Piper Aerostar 600 insurance in the U.S. We consider qualified pilots to have at least a private license, IFR rating, with 2,500 total hours, 1,000 Multi-Engine and 25 hours in the make/model, including annual flight training in the make and model
For an annual policy with $1,000,000 in liability only coverage.
Premium range for qualified pilots: $750-$1,120 per year.
Premium range for less than qualified pilots (low-time/etc): $970-$1,025 per year.
For an annual policy with $1,000,000 in liability coverage and $150,000 in hull coverage
Premium range for qualified pilots: $5,500-$8,200 per year.
Premium range for less than qualified pilots (low-time/etc): $9,850-$14,000 per year.
For more information or to get an actual Piper Aerostar 600 aircraft insurance quote, please fill out a quote request online here or call us at 800.666.4359
-The BWI Team
