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The Cessna Buyer's Guide

Which one is right for you?

Insurance
Insurance is easy to get, and it’s an important part of buying and financing your Cessna. Lenders will require full coverage on your airplane with the bank named on the policy as loss-payee and breach-of-warranty. Here are the main points that an insurance company will consider to determine your insurance rates:

IFR ticket: It’s helpful on six-seaters, turbocharged airplanes and retractables. It will save you enough in insurance premiums to practically pay for the rating.

Hangar vs. tiedown: Hangaring will save you about 5% on the hull rate with most underwriters.

Total time and time in type: For retractables and tailwheel models, this is important in determining your insurance rate. For example, the insurance fee for a $50,000 Cessna 210 is about $3,000 yearly with a low-time, VFR pilot. A $150,000 1980 T-210N costs about $3,500 per year with an IFR-rated pilot who has 500 total hours (10 in the type and 30 in retractables). The T-210N, which costs three times the hull value of the other model, costs almost the same price to insure as the $50,000 Cessna 210 with a low-time pilot. An instrument rating and hours-in-type will bring your rates down considerably. What’s better than flying and saving money?

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