Aircraft Insurance

We help you secure the right aircraft insurance to ensure peace of mind in the skies and protection for your valuable investment on the ground.

Why agl aviation?

Aircraft Insurance Excellence

Specialised Expertise

Over 16 years of Aircraft Insurance broking experience in Australia.

Tailored & Personalised

We ensure that your aircraft insurance needs are met.

Dedication

We are dedicated to serving our clients and their business concerns.

Coverage

Offering competitive pricing options without compromising on your cover.

Aircraft Insurance Specialists

Tailored Aircraft Insurance for Your Needs

AGL Aviation are aircraft insurance specialists who can help to navigate your way through Aircraft Insurance.

Whether you utilise your aircraft for charter, flight school, airwork or privately we can help. We can cover all aspects of cover including flight, taxiing and ground risks and additional covers to protect Turbine aircraft.

We can provide quotes and arrange cover for the following:

  • Aircraft hull insurance
  • Liability insurance covering third party bodily injury and property damage
  • Bodily injury to passengers
  • Carriers liability (ACT) insurance
  • Aircraft spares cover
  • Loss of use cover
  • Hull war insurance
  • Aircraft ferry insurance

Claims Made Easy

Navigating Your Insurance Claim

At AGL Aviation, we recognise the unique challenges and nuances associated with aircraft insurance claims. That’s why we’ve tailored our services to ensure the claims process is as seamless as possible for you.

Our claims process is streamlined and straightforward, ensuring you receive support whenever you require it.

aircraft flying - sky
Pilot Insurance

Aircraft Insurance Costs

How Much Does Aircraft Insurance Cost?

Aircraft insurance is essential for aircraft owners, operators, and aviation businesses to manage the risks of aircraft ownership and operation. Mandatory for commercial airlines and international air license applicants, it covers accidents, aircraft damage, and third-party liability.

In Australia, aviation insurance typically ranges from AUD 1,500 to AUD 10,000 per year per aircraft. Costs vary based on factors like aircraft value, use, pilot experience, and coverage level. Smaller private planes fall on the lower end, while larger commercial jets incur higher premiums. Our comprehensive guide outlines the main factors influencing aircraft insurance costs to help private owners, airlines, flying schools, and charter companies make informed decisions.

Need aircraft insurance advice?

get in Touch

Navigating the skies should come with peace of mind. Whether you’re a pilot, aircraft owner, or operator, ensuring that your aircraft is protected is paramount. At AGL Aviation, we specialise in providing tailored insurance solutions that fit your specific needs.

Why Reach Out to Us?

  • Expert advice tailored to your requirements.
  • Quick response time to address your queries.
  • A dedicated team with a deep understanding of the aviation industry.

 

Get In Touch Today
Ready to take the next step or have questions about insurance coverage? 

Fill Out Our Form for Your Custom Aircraft Insurance Quote Today

DD slash MM slash YYYY

Frequently asked questions

Aircraft Insurance Questions

Understanding aircraft insurance can come with its own set of queries and uncertainties. Our FAQ section is tailored to address your most pressing questions, guiding you smoothly through the complexities. Delve in and discover the clarity you need.
What information would I need to get a quote on aircraft insurance?
  • Aircraft make and model
  • Uses of the Aircraft (hazardous uses will require detailed pilots experience)
  • Pilot history, age, and experience of pilots
  • Cover required – Full Flight Risks and/or Ground Taxiing Risks
  • Depending on aircraft type/uses – details of pilot training
  • Claims history (Incidents/Accidents)

 

GET A QUOTE NOW

What factors do insurance companies use to determine my premium?

All aviation insurance companies are different. Factors can include the age of the aircraft, use of the aircraft, experience of the pilot, loss history of the make and model, state/territory in which the aircraft is used, pilot training, value of the aircraft, and limits of liability. It’s important to work with an aviation insurance specialist such as AGL Aviation who knows the market and understands how to place your insurance whilst getting the best rates and coverage.

How long would it take to start an aircraft hull and liability insurance?

As a specialist we can provide a quick turnaround and depending on the complexity of the risk we can place cover on the same day you call us.

Does an aircraft with a good safety record mean lower rates for aircraft insurance?

Each insurance provider will have their own rating structure based on the safety record of different aircraft, and costs to repair (including the availability of parts) associated with each aircraft make and model.

Aircraft with a good safety record combined with low repair costs can have a favourable influence on insurance costs. If you are considering the purchase of an aircraft, it’s a good idea to discuss it with an aviation insurance specialist such as AGL Aviation before you buy.

How much should I insure my aircraft for?

We would recommend insuring your aircraft for what it would cost if you had to replace it with an identical aircraft (Year/Make/Model and condition). It would be advisable to do some research on similar aircraft available. You should also factor in USD/AUD exchange rates and the supply and demand of aircraft types and spare parts.

Insuring an aircraft Hull for more than its current market value may adversely impact the insurance company’s decision following an accident as to whether or not to write off or repair the machine. The insurer of an “over-insured” aircraft will be more likely to elect to repair a severely damaged aircraft. Conversely, “under-insuring”, that is insuring the aircraft Hull for less than the fair current market value, could result in the insurer electing to make the damaged aircraft a “total loss” when the aircraft would have otherwise been repaired.

What liability limit do I require?

There is no simple way to determine this. It is generally best to buy the highest liability limit you can reasonably afford. However, there are various factors to be considered when purchasing liability insurance including any contractual requirements, number of passenger seats, bank/finance requirements and aircraft uses.

If the aircraft is used for Charter (i.e. fare-paying passenger carriage), then you would need to consider the minimum limit of liability per seat as per the Civil Aviation (Carriers’ Liability) Act (1959).

I have just made some major upgrades to my aircraft and I want to increase my hull value - what do I need to do?

It’s important to consider your current hull value after major upgrades, modifications, new engines etc as the upgrades could increase the life of the aircraft and the value of the aircraft.

Changing your hull value can be easy. In some cases, we can increase the value over the phone. In other cases, your insurance company will require a list of the work undertaken and the associated costs.

What is an open pilot warranty?

An Open Pilot Warranty is a condition stated in the insurance policy which allows pilots that meet certain minimum qualifications to fly the aircraft without being specifically endorsed on the policy as a Named Pilot.

Some policies don’t contain Open Pilot Warranties. In many cases, we can request to specifically approve and name a pilot that does not meet the specific Open Pilot Warranty on your policy.

What is the difference between an insurance broker and an insurance company?

An insurance broker represents you and has the responsibility to negotiate the best terms and conditions of the insurance coverage on your behalf with the insurance company. Most insurance companies work only through insurance brokers so it is crucial that you choose a professional insurance broker such as AGL Aviation as your representative.

The insurance company creates the policy and pays the claims. Insurance companies can differ in their business focus, policy language, pricing, and claims support capability.

It is a broker’s job to place the business with the insurance company that best fits the needs of the client at the best available terms and conditions.

What is breach of warranty in aircraft insurance?

Breach of Warranty provisions are often required by a financial institution that holds a financial interest in an aircraft. They are often added by endorsement that revises the basic policy and provides cover for the financier to be compensated in the event of an aircraft being subject to a claim which the insurer may decline to pay due to a breach of policy conditions by you or an approved pilot. The Breach of Warranty cover may enable the entity that holds the financial interest to still be paid by the insurer up to the amount of their financial interest in the aircraft.

My aircraft is currently with my maintenance organisation undergoing an overhaul. Do I need to have my own insurance policy or will the maintenance organisations policy cover my aircraft?

It’s strongly recommended that you cover your aircraft with your own policy. Some Maintenance facility’s may carry hangar keeper’s liability (which is designed to protect the maintenance organisation in the event of damage to an aircraft whilst under the care, custody or control of the maintenance facility due to their negligence).

In some circumstances, the maintenance organisation may have purchased insufficient or deficient coverage and this may impact the protection of your asset.

Additionally, even if the maintenance organisation enjoys adequate cover its hangar keeper insurance policy may not pay out for certain types of losses, for example, those resulting from storm, vandalism, or mechanical failure. If the maintenance organisation is not legally liable for the loss, it’s unlikely the insurance company will be required to compensate you or the maintenance organisation.

Does an aircraft with a good safety record mean lower rates for aircraft insurance?

Each insurance provider has their own ratings and guideline to work from but an aircraft with a good safety record combined with low repair costs can have a favourable influence on insurance costs. If you are considering the purchase of an aircraft, it’s important to discuss your choice with an aviation insurance specialist before you buy to avoid any surprises after the fact. You don’t want to complete a purchase and subsequently learn that the cost to insure your new aircraft is higher than you expected.

Can I find reasonably priced aircraft insurance after an accident?

Accidents happen. In most cases, the future insurability of the pilot who had the accident is based on the circumstances of the claim itself. A costly insurance claim may have a greater impact on your future insurability. If the claim was caused by a mechanical malfunction and had nothing to do with the pilot, the insurer may be more understanding. In cases of pilot neglect or error, a new insurance policy can be more challenging to obtain, but this is where an aviation insurance specialist such as AGL Aviation is needed to assist in these situations.

Didn’t find the answers to your questions? Don’t hesitate to contact us.