Big Name schools and Insurance Rates

[Newbie]

Can anyone tell me clearly whether doing my IR rating at a big name
establishment (like Flight Safety, not to name anyone in particular) will
have a positive effect on my insurance rates the day I purchase a plane?
If so, is it a significant effect?

[Gig 601XL Builder]

"Newbie" > wrote in message
...
> Can anyone tell me clearly whether doing my IR rating at a big name
> establishment (like Flight Safety, not to name anyone in particular) will
> have a positive effect on my insurance rates the day I purchase a plane?
> If so, is it a significant effect?

I've never seen an aircraft insurance application that asked where you got a
particular rating, though I haven't seen all aircraft insurance apps.

GigG

[[email protected]]

I have not seen any insurance applications asking for training record
besides total hours etc.
Having an instrument rating will certainly lower the insurance rate
(my insurance agent told me to expect at least 5% less). We obtained
our ratings 2 months after our renewal and have to wait until next year
to know the actual reduction.

Hai Longworth

[Michael]

> Can anyone tell me clearly whether doing my IR rating at a big name
> establishment (like Flight Safety, not to name anyone in particular) will
> have a positive effect on my insurance rates the day I purchase a plane?

No effect whatsoever.

Michael

[NW_PILOT]

Don't think so.


"Newbie" > wrote in message
...
> Can anyone tell me clearly whether doing my IR rating at a big name
> establishment (like Flight Safety, not to name anyone in particular) will
> have a positive effect on my insurance rates the day I purchase a plane?
> If so, is it a significant effect?
>
>

[Morgans]

> wrote in message
ups.com...
>
> I have not seen any insurance applications asking for training record
> besides total hours etc.
> Having an instrument rating will certainly lower the insurance rate
> (my insurance agent told me to expect at least 5% less). We obtained
> our ratings 2 months after our renewal and have to wait until next year
> to know the actual reduction.
>
> Hai Longworth
>
Surely, they can (should) make the update in mid policy period. I would go
elsewhere (or threaten to, until they did it) if they didn't.
--
Jim in NC

[[email protected]]

On 7-Jul-2005, " > wrote:

> Having an instrument rating will certainly lower the insurance rate
> (my insurance agent told me to expect at least 5% less).


The savings depends heavily on the type of airplane. When my Arrow partners
got their IRs a few years ago (I've had mine for many years) our premiums
dropped about 15%. For some types, like a Mirage or P-210, a non-IR pilot
may not be able to get coverage at any price. I'd guess the savings would
be much less for a relatively simple plane like a C-172

--
-Elliott Drucker

[Andrew Sarangan]

Did the big schools tell you that? That would be interesting to know.


Newbie > wrote in :

> Can anyone tell me clearly whether doing my IR rating at a big name
> establishment (like Flight Safety, not to name anyone in particular)
> will have a positive effect on my insurance rates the day I purchase a
> plane? If so, is it a significant effect?
>
>