How much does insurance on a plane cost?

The cost of insurance for a plane can vary significantly based on factors such as the type of aircraft, its value, the pilot's experience, and the intended use (private, commercial, or cargo). On average, general aviation insurance can range from $1,200 to $3,000 per year for smaller planes, while larger commercial aircraft can see premiums in the tens of thousands or more. Additionally, higher coverage limits and specific endorsements can further influence the cost. It's essential to obtain quotes from multiple insurers for an accurate estimate tailored to specific needs.