If your career or passions have landed you a seat in the cockpit, the right aircraft insurance provides much-needed coverage for you and your passengers. A basic policy can protect you and your aircraft from the financial consequence of aviation accidents, vandalism, weather-related problems, or other types of damages. Even though state or federal entities may not require aircraft insurance, at a minimum, a good aircraft insurance policy will provide basic liability insurance with the option to customize your policy based on your needs, budget, and relevant circumstances or coverage requirements.
Best Overall : BWI Fly
BWI Fly’s reputation for affordable rates, reliable customer service, and a robust portfolio of policy types make them a solid option for many types of aircraft insurance.
- Affordable rates
- Exceptional customer service
- Multiple policy options
- Not licensed to operate the District of Columbia
- Policies not applicable for some activities
Best for Veterans : USAA
- Competitive rates
- Coverage for most types of aircrafts
- Commercial, personal, and non-owner policies
- Must be a USAA member
- Limited to veterans, active-duty military members, and eligible family members
USAA’s coverage includes personal and commercial aircraft and aviation and agriculture businesses. It also provides non-owned liability insurance. Plans cover various aircraft, including traditional planes, helicopters, seaplanes, warbirds, and commercial UAVs (drones), making it easy to find the right policy to suit your aviation interests.
Annual premiums depend on the aircraft type, member needs, and selected coverage. Some plans are available for less than $100 a year. To be eligible for USAA aviation insurance, you must be a USAA member. Get individualized quotes by logging into your membership account or contacting USAA directly.Best for Commercial Aviation : Wings
- Extensive collection of commercial policies
- Workers compensation coverage
- Highly curated policies
- Instant online quote not available
- Limited information available online
Best for Renters : AssuredPartners Aerospace
- Discounts for AOPA members
- Accident forgiveness program
- Low aircraft renters insurance rates
- Lower customer service rating
- No online quote option
- Not valid for commercial use
Best for Vintage Aircraft Insurance : EAA
- Owner repair options for claims
- Multi-aircraft discounts
- Convenient online chat
- No online quotes available
- Website provides limited policy information
Best for Flying Clubs : Avemco
- Safety program completion discounts
- Flexible policies
- Strong customer service
- Coverage and products vary by jurisdiction
- No corporate or commercial policies
- Not available for multi-engine aircrafts
Final Verdict
Aircraft insurance, like home insurance, is not a one-size-fits-all insurance policy, and the best provider for you is the one that best fits your needs. Our best overall choice, BWI Fly, offers a range of coverage options that can accommodate any number of policyholder needs. Its customer service is highly rated, policies are affordable, and BWI Fly offers insurance for commercial or personal needs.Compare the Best Aircraft Insurance
Company | Average Annual Premiums | Aircraft Policy Options | Customer Service | Other Available Insurance Policies |
---|---|---|---|---|
Best Overall |
General aviation liability starts at $225 | General Aviation, Aircraft Renters, Private Jet, Industrial Aid Aircraft, Alaska, Experimental Aircraft, Rotor Wing, Hangar Coverage, Flight School, Aircraft Charter, Aviation Product Liability, Flying Club, Commercial Drone, Commercial Aviation | Phone, email, online claims, online payments | None |
Best for Veterans |
Varies by policy | Personal Aircraft, Commercial Aircraft, Aviation Businesses, Agricultural Aviation, Non-owned Liability (e.g., student pilot, renters, etc.), Seaplane, Vintage and Warbird, Experimental, Homebuilt, Commercial Drones | Phone, online portal, virtual agent, email | Auto, home, term and whole life, and umbrella coverage |
Best for Commercial Coverage |
Varies by policy | Commercial Aircraft, General Aviation, Corporate Aviation, Agricultural Aviation, Helicopters, Seaplanes, FBO & Cargo, Aviation Properties, Manufactured Products, Drones, Renters Aviation Insurance | Phone, online contact form, | Pilot life insurance, Aviation workers’ compensation |
Best for Renters | Renters insurance as low as $81 | Personal Aircraft, Commercial Aircraft, Unmanned Aerial Systems (drones), Corporate Aircraft, Aerial Applications, Aviation Works Compensation, Helicopters, Fixed Based Operators, Maintenance and Repairs | Phone, email | Auto, home, condo, renter, watercraft, life, business, private client |
Best for Flying Clubs | Varies by policy | Aircraft Owner, Homebuilt, Aircraft Trader, Aircraft Hull, Aircraft Rental, Certified Flight Instructor, Flying Club, Mexico liability | Phone, email, online portal | Term life for pilots |
Best for Vintage Aircrafts |
Varies by policy | EAA Aircraft Insurance, Non-Owned Aircraft Insurance, Personal Insurance, C-Plan Aircraft Insurance, Powered Parachutes & Trike Insurance, International Aerobatics Club Insurance, Vintage Aircraft Association Insurance, Warbirds of America Insurance, EAA Aircraft Project Insurance Plan, EAA Flight Instructor Insurance Plan, EAA Flying Club Aircraft Insurance Plan, EAA Flight School Insurance Plan, EAA Hangar Insurance Plan, EAA Airport Insurance Plan | Phone, email, chat | None |