Owner's insurance in NJ

Depending on the plane, AOPA insurance quotes are often OUTRAGEOUSLY
high (like 3 to 4 times higher)!

Ray Andraka wrote:
The biggest variable is the pilot. Why not call an insurance company (AOPA will
do) and ask for a ballpark quote for a specific make model and year aircraft
based at an airport near you.


Marco Rispoli wrote:


I am looking into buying a plane (eventually). I am still training to become
a pilot, so buying an airplane is probably many months away, but I want to
start looking into the economics of owning a plane ahead of time.

The type of plane that falls into my affordability range is a Piper Warrior
or a Cessna 172 or a Grumman AA (all used, 30k-50k).

I ran through the AOPA cost estimator and I got reasonable figures for most
of the things I will have to pay.

The only thing I can't get a ballpark for is insurance (what a surprise). I
understand that coverage, type of plane, value of the plane, pilot's
experience and even the airport where the airplane is stationed can affect
the overall insurance cost. There's just too many factors involved to get an
EXACT quote ... but I don't want an exact quote. I just want an approximate
value for insurance cost so that I can get an idea of the total annual costs
and I can start budgeting for it.

If any one here owns a plane in NJ or North-East in general (as a private
owner, for personal use only), could you give me an approximate figure of
what you pay annually for insurance?

Thank you

--
Marco Rispoli - NJ, USA
You can read my flight training diary at
http://www.tranceweb.net


--
--Ray Andraka, P.E.
President, the Andraka Consulting Group, Inc.
401/884-7930 Fax 401/884-7950
email
http://www.andraka.com

"They that give up essential liberty to obtain a little
temporary safety deserve neither liberty nor safety."
-Benjamin Franklin, 1759