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Thread: Insurance rate in XCub

  1. #1
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    Default Insurance rate in XCub

    After waiting a year for our XCub, we got a bit of a surprise with the insurance. Quoted from a couple sources and ended up with the lowest being $10,400/yr. Low time pilots: she's PPL with 100 hours total time and just did tailwheel conversion, and I'm 850 hours with no tailwheel time either. Just FYI, for those folks newly getting into tailwheel, combined with the $350K hull value probably makes for this big insurance number.

    I'd love to hear what we can look forward to, for folks with 150-200 hours of tailwheel, is there light at the end of the tunnel? Will this get better over the next couple years?

  2. #2
    Senior Member cityrancher's Avatar
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    Default Re: Insurance rate in XCub

    I have a relatively low time pilot on my policy and I am a very high time tailwheel pilot with a lot of Alaska time and instrument/commercial rating. We are currently at 2% of hull value. It has slowly come down a bit in the last few years as the low time tailwheel pilot has proven his mettle with the plane. I doubt much below 2% is likely for full coverage (low liability coverage). Insurance companies are not financially fond of taildraggers and off airport landings. With a hull value of $300k plus I am not surprised at your quote.

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    Default Re: Insurance rate in XCub

    Quote Originally Posted by cityrancher View Post
    I have a relatively low time pilot on my policy and I am a very high time tailwheel pilot with a lot of Alaska time and instrument/commercial rating. We are currently at 2% of hull value. It has slowly come down a bit in the last few years as the low time tailwheel pilot has proven his mettle with the plane. I doubt much below 2% is likely for full coverage (low liability coverage). Insurance companies are not financially fond of taildraggers and off airport landings. With a hull value of $300k plus I am not surprised at your quote.
    Yep, it's a rough combination of high hull value and low time pilots, so I shouldn't have been surprised. Hopefully we'll both accumulate some hours without incident over the next year and achieve lower rates on renewal. 2% of hull value is a good metric to be aware of as a potential floor, thanks for that info.

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    Senior Member Springloaded's Avatar
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    Default Re: Insurance rate in XCub

    Quote Originally Posted by dane View Post
    Yep, it's a rough combination of high hull value and low time pilots, so I shouldn't have been surprised. Hopefully we'll both accumulate some hours without incident over the next year and achieve lower rates on renewal. 2% of hull value is a good metric to be aware of as a potential floor, thanks for that info.
    Did you do the full Tac Aero training course? I would recommend anyone waiting a year to go get some training. I had my customer with a XCUB on order go get his tailwheel sign off. Then Ive flown with him so he would forget everything that other guy just taught him😀. Then we sent him to Tac Aero for training in a XCUB. His XCUB is well over $350k. He just got his insurance and it Just under $6000. He might have 30hrs TW now.
    Chuck
    Last edited by Springloaded; 01-21-2019 at 12:53 PM.
    Chuck Kinberger
    Southern Cubs
    Florida Cubcrafter Sales
    Jupiter Fl.
    Pa11890ck@gmail.com
    You can sit at home & hear the News or get out there & be the News

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    Default Re: Insurance rate in XCub

    Quote Originally Posted by Springloaded View Post
    Did you do the full Tac Aero training course? ... He just got his insurance and it Just under $6000. He might have 30hrs TW now.
    Chuck
    Yes, my wife is doing that course now. Given the lower rate your guy got, I'm speculating that it's her low total time that results in the high rate. While I've got 850 hours and an instrument rating (but no tailwheel yet), she's at 100 hours total time. We're probably somewhat typical for buyers transitioning into tailwheel with an XCub, but likely not a great risk for the underwriter.

  6. #6
    Senior Member cityrancher's Avatar
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    Default Re: Insurance rate in XCub

    Chuck,
    Who is the provider for your customer's plane? I would like to get a quote from them.
    Ken

  7. #7
    Senior Member Springloaded's Avatar
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    Default Re: Insurance rate in XCub

    ""
    Quote Originally Posted by cityrancher View Post
    Chuck,
    Who is the provider for your customer's plane? I would like to get a quote from them.
    Ken
    Iíll find out for you.

    Dane
    I would think your insurance would consider you as high of risk as your wife if your on the policy as a pilot with 0 tailwheel time, with 850 hrs and instrument rating your insurance doesnít think that preventing a ground loop which Is usually what cost insurance companies with new TW pilots and cost a lot to fix. I assume your going to do the Tac training as well. These are cub pilots teaching you specifically how to fly these planes and I think insurance companies recognize that specific training.
    Chuck
    Last edited by Springloaded; 01-22-2019 at 02:54 AM.
    Chuck Kinberger
    Southern Cubs
    Florida Cubcrafter Sales
    Jupiter Fl.
    Pa11890ck@gmail.com
    You can sit at home & hear the News or get out there & be the News

  8. #8
    Senior Member David H's Avatar
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    Default Re: Insurance rate in XCub

    For my EX-2 (which hopefully will take its first flight in a couple of months or less) I was just quoted:

    With an agreed value of $160,000 and liability of $1,000,000 Each Occurrence limited to $100,000 Each Passenger their annual premium would be $4,091.00. They would cover the fly off period.

    and:

    Last of all is USAIG. Unfortunately they cannot cover the fly-off period however once this has been completed and the aircraft is officially signed off our underwriter indicated his premium level would be in the neighborhood of $2,800 - $3,000

    What are others getting quoted for their EX or FX's?

    Is anyone going with just liability insurance?

    What kind of rate increase happens when I put on skis? or Floats??

    I am private, instrument, commercial, tailwheel, >1200 hours, 10 hours in tailwheel.

    Thank you,

    David

  9. #9
    Senior Member 40m's Avatar
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    Default Re: Insurance rate in XCub

    Quote Originally Posted by David H View Post
    For my EX-2 (which hopefully will take its first flight in a couple of months or less) I was just quoted:

    With an agreed value of $160,000 and liability of $1,000,000 Each Occurrence limited to $100,000 Each Passenger their annual premium would be $4,091.00. They would cover the fly off period.

    and:

    Last of all is USAIG. Unfortunately they cannot cover the fly-off period however once this has been completed and the aircraft is officially signed off our underwriter indicated his premium level would be in the neighborhood of $2,800 - $3,000

    What are others getting quoted for their EX or FX's?

    Is anyone going with just liability insurance?

    What kind of rate increase happens when I put on skis? or Floats??

    I am private, instrument, commercial, tailwheel, >1200 hours, 10 hours in tailwheel.

    Thank you,

    David
    EX2 $210000 1000+TW wheels and skis - $2900. Floats - two arms and a leg.

  10. #10
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    Default Re: Insurance rate in XCub

    Quote Originally Posted by 40m View Post
    EX2 $210000 1000+TW wheels and skis - $2900. Floats - two arms and a leg.
    I have Falcon insurance the EAA affiliate on my EX $200k Hull 2500 TT, 750TT tailwheel. First year carrier was AIG at $3200 second year is Global $2745. I put 80 hrs on first year so that makes $40 hr for insurance. It'll sound a lot better if I get more hrs.

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