Diamond DA42 Aircraft Insurance

The safety record for the Diamond DA42 is almost unmatched. Diamond DA42 insurance rates reflect this safety record.

Aviation insurance costs vary and are based on several factors: the make-and-model of the aircraft, the costs of repairs, use of the aircraft, pilot qualifications and several others. In an industry as small as the aviation insurance industry, one loss can sometimes affect the aircraft insurance pricing for not only that make-and-model, but for other aircraft in the same category. Conversely, the lack of losses for the Diamond DA42 helps with airplane insurance cost across the board.  

Loss ratios for a fleet of aircraft can have more components than just the number of losses. The severity of the loss, the cost of repairs, cost of parts, and liability included can affect the actuarial numbers and thus the end pricing.

Diamond DA42 insurance cost can be lower than other similar aircraft.  Piston twin engine aircraft insurance rates typically are more expensive than piston single engine aircraft insurance rates. In many cases the Diamond DA42 is an exception to this rule. Aircraft insurance companies recognize the safety and simplicity of the DA42, and Diamond DA42 insurance rates are lower than other piston twins because of this. 

The Diamond DA42 is one of the easiest Multi-Engine Aircraft to insure. The safety features of the Diamond DA42 make it an excellent training and commuter aircraft. Diamond DA42 insurance is available for personal and commercial use.

In general terms, Diamond DA42 insurance rates are calculated as a percentage of the hull value and then a premium for the liability limit that you choose. The percentage of the hull value is referred to as the “hull rate”. Then you add an aviation insurance premium charged for the liability.

We are able to place Diamond DA42 insurance policies with the major aviation insurance companies in the industry quickly and professionally.