Light Sport Aircraft Insurance Cost

An lsa can cost a minimum of about 20 000 or more.

Light sport aircraft insurance cost.

Insurance is now available from most of the markets we represent for both special light sport aircraft s lsa and experimental light sport aircraft e lsa through aviation insurance resources. You can spend up to 140 000 for the top of the line with all the bells and whistles. Passenger liability insurance covers the risks involved in transporting passengers in your aircraft this coverage provides protection if your passengers are. Add a long history to its credit and aventura is a seaplane worthy of a.

Aero adventure offers what is likely the lowest cost boat hull seaplane in the light aircraft space with a kit that complete with engine sells for less than 50 000. The light sport aircraft or lsa category includes smaller planes gliders gyroplanes powered parachutes weight shift control aircraft airships and air balloons. A hangar 250 month would be another 3000. The public liability coverage protects you if your aircraft damages third party property such as houses cars airport buildings or other aircraft but it does not cover injury to your passengers.

When we compare insurance costs between factory built and experimental we need to normalize the price as a function of insured value. An insurance quote from aopa came in at 1200 yr. 2009 airmax seamax m22. There is the basic liability insurance which provides coverage for property and people in case of an accident and there is hull insurance which provides coverage for the aircraft if it is damaged.

In this video dan johnson talks to gregg ellsworth of air about insurance for light sport aircraft. How much does a light sport aircraft cost. New student sport pilots and new sport pilots as well as private commercial and airline transport pilots who wish to fly as a sport pilot can obtain. Light sport and certain experimental aircraft bahamas coverage option we give up to 15 credit for safety devices like seatbelts airbags whole plane parachutes and thermal imaging systems.

Some frequently asked questions on light sport aircraft ownership. So a 120 000 s lsa may be insured for that amount while the e lsa kit version of the same aircraft should be insured for what. Insurance operating costs financing. These days you can buy and immediately insure both special light sport aircraft s lsa and experimental light sport aircraft e lsa.

The actual cost of the kit. Page 1 of 2. Some perceived market value. How long does an lsa last.

There is a large price range similar to automobiles. While monthly loan payment on 90 of the purchase cost 35 000 loan for 20 years 7 9 equals 290 mo or 3480 per year.