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Meet With Your Insurance Agent

If it is your first time to deal with an insurance company, it is highly advisable to meet with your insurance agent at your base of operations. This way, you can demonstrate your commitment to safety on and off the ground, which can definitely help lower your helicopter insurance premiums.

You should ask for specific recommendations from the insurance agent regarding the ways with which you can have lower premiums. After all, he knows the requirements to do so, which means that he is in a better position to provide said advice. Needless to say, you have to hire a licensed insurance agent. You want to start the insurance process and it starts with choosing the right insurance broker.

Show Proof of Logged Time

If you are ensuring a personal helicopter, it pays to show proof of your extensive flying time in it. This will be your most important asset as the insurance company will see it favorably especially when you are renewing your insurance.

Take Specialized Training

If you have state-of-the-art aircrafts, you must undergo specialized training in their operation. Of course, you have to show documentary proof, maybe even take the insurance agent for a ride, to show that indeed you have the skill and training to fly the aircraft in a safe manner. This will certainly make a favorable impression on the helicopter insurance company.

Opt for an Admitted Insurance Carrier

Keep in mind that a non-admitted program automatically depreciates the helicopter's value the more hours it accumulates in flight time. Other disadvantages to a non-admitted program include sharing of liability insurance with the manufacturer and automatically reduced hull value.

Show Proof of Pilot Competence

In many flying schools, insurance companies impose higher premiums because of the higher risks involved with pilots-in-training at the helm of the aircraft. As such, many flying schools will opt for substandard insurance policies so as to remain competitive in terms of keeping costs down. You can avoid this from happening in your flying school by presenting excellent instructor qualifications. It is simple logic: A less competent pilot will be less attractive in terms of a helicopter insurance policy.

Of course, the type of helicopter that you are insuring will determine the insurance premiums you will be paying for it. Generally speaking, a helicopter model that has been around for a long time and with a good safety record will have lesser insurance premiums than the newer designs.

Your experience as a pilot, the safety precautions taken on and off the ground, and how well your insurance agent works in your behalf will determine the amount of helicopter insurance premiums you have to pay and the coverage thereon.