>It's me again, the new wide-eyed, 51 year old kid who wants to >fly. I've been waiting on an insurance quote for a 1968 >midtime Cessna 150. The C150 is my backup plan to the KR. I >just got a quote for a premium of $3100. After I get my >private license, then it ONLY costs an additional $900! Oh, >the good part is: after I get my private license, the premium >does not go down and is not adjusted. +++++++++++++++++++++++++++++++++++++++++++++++++++++++
I suspect you quote was so high for two reasons. First, you have no flight time and most of the flight hours would be for training or solo by a low time pilot. Both high risk. Second, your location. I suspect there are many more accidents in your part of the world because of the way aircraft are used and the conditions they operate in. My Tripacer insurance cost me $625 a year for MOTION, NON- MOTION, AND LIABILITY ($1,000,000.00) and has not gone up for the past three years as many have. I have it insured for $16,000 and some will say that is too low but that is what I paid for the airplane and probably couldn't complain if that's what I get if it's totalled as I've gotten 500 hours of flght time from it. As for the KR, I'm a 950 hour Commerical pilot, SEL, non-instrument rated, with about 15 hours of tailwheel time. Avemco is the only company that would even give me liability and then only because I'm using a Continental aircraft engine and not an auto conversion. They want $965 a year and won't even offer MOTION, NON-MOTION coverage. I've got a three month coverage and will seek re-quotes when I get some hours on the airplane. I would expect the quote to drop by 50% after 40 hours but that is just a WAG on my part. With all that said, don't give up on your dream of flying. When there's a will, there's a way. Good luck. Larry Flesner Carterville, Illinois
