Finance, Taxes, Insurance
AOPA Warns of Spikes in Aircraft Insurance Rates
Aircraft owners are seeing insurance rate hikes of between 15 percent and 25 percent, and "some way more than that," according to AOPA.

Seeing aircraft insurance premiums increasing well in the double-digits year-over-year, the Aircraft Owners and Pilots Association (AOPA) has been working with insurance industry executives and underwriters on strategies for pilots to help buffer the sharp rate hikes.

“We’ve been spending quite a bit of time to understand what’s been happening in the insurance space and come up with strategies to help educate pilots about what they can do to help mitigate the increases,” said AOPA president and CEO Mark Baker.

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