Aviation Insurance Rates are increasing between 20-100% this year and will continue into at least the 3rd or 4th quarter of 2021. The aircraft insurance market is cyclical and the increases are part of the natural cyclical swing.
Increasing aviation insurance rates are part
of a natural cyclical swing
If you have been involved in
aviation for any time now, you
will have noticed aviation
insurance rates going up
significantly.
At BWI Aviation Insurance,
we pride ourselves on
finding the best coverage for
the best rates.
There is competition in the
aviation insurance market, but
not enough that you can go
anywhere and find coverage
at your desired rate.
Aviation Insurance is in a
Natural Cyclical Swing If you
are a new pilot, you may not
have any context for how
aviation insurance rates have
changed in 2020.
Veteran pilots will tell you
that the past decade has
been a golden age for
insurance premiums.
Compounding the problem
is the low number of aviation
insurance providers in the
market.
If you pull up to a gas station
and some guy whispers from
the shadows, "Hey, want some
cheap aviation insurance?"
Please do not be fooled.
What You Can Do to Find Lower
Premiums While you may not be
able to change the market for
aviation insurance, you can
navigate the market to help find the
appropriate coverage for the
lowest rate.
Check out our blog post: The 5 Best
Ways To Save Money On Aircraft
Insurance What about self-insurance?
With insurance premiums rising from
20-100% for multiple years in a row, a
lot of our insureds are considering self
insuring their aircraft.
We can't help you with the
murder hornets, but we can
help you with your aviation
insurance.
Contact Us At:
https://bwifly.com
of a natural cyclical swing
If you have been involved in
aviation for any time now, you
will have noticed aviation
insurance rates going up
significantly.
At BWI Aviation Insurance,
we pride ourselves on
finding the best coverage for
the best rates.
There is competition in the
aviation insurance market, but
not enough that you can go
anywhere and find coverage
at your desired rate.
Aviation Insurance is in a
Natural Cyclical Swing If you
are a new pilot, you may not
have any context for how
aviation insurance rates have
changed in 2020.
Veteran pilots will tell you
that the past decade has
been a golden age for
insurance premiums.
Compounding the problem
is the low number of aviation
insurance providers in the
market.
If you pull up to a gas station
and some guy whispers from
the shadows, "Hey, want some
cheap aviation insurance?"
Please do not be fooled.
What You Can Do to Find Lower
Premiums While you may not be
able to change the market for
aviation insurance, you can
navigate the market to help find the
appropriate coverage for the
lowest rate.
Check out our blog post: The 5 Best
Ways To Save Money On Aircraft
Insurance What about self-insurance?
With insurance premiums rising from
20-100% for multiple years in a row, a
lot of our insureds are considering self
insuring their aircraft.
We can't help you with the
murder hornets, but we can
help you with your aviation
insurance.
Contact Us At:
https://bwifly.com