Avemco Auto Insurance Review

Avemco is a subsidiary of HCC Insurance Holdings, Inc. The company has headquarters in Fredrick, Maryland, but they offer insurance to customers located in every one of the United States. The company was founded in 1961 and offers insurance to pilots and aircraft owners. Avemco is considered a solid company and their AM Best rating is AA-.

Products

Avemco doesn’t offer insurance for commercial or personal automobiles, but they specialize in aircraft insurance. Even if you are borrowing or renting an aircraft, Avemco has an insurance policy for you. Unlike most aircraft insurance companies, Avemco has policies that cover homebuilt aircraft.

Avemco’s headquarters are at 411 Aviation Way because they are committed to offering the best aircraft insurance available for an affordable price. They also offer term life insurance that is specifically designed for pilots and doesn’t come with an aviation exclusion rider.

Renting or Borrowing

Many pilots believe that you have to own an aircraft to be a flight instructor, but Avemco offers their customers insurance to cover them as a certified flight instructor. They also offer aircraft trader insurance and borrowers insurance so that pilots are covered no matter who the aircraft they are flying belongs to. The also offer hangar insurance to cover the aircraft when it is not being flown.

Price

Insurance policies for aircraft can be difficult to find, especially for an avoidable price. It is often the most expensive type of insurance, so Avemco was founded to make aviation insurance affordable for most consumers. We can help you save on auto insurance with our FREE comparison tool!

Life Insurance

Because flying tends to be dangerous, especially in a small plane, finding term life insurance as a pilot can be very difficult. Avemco offers their customers affordable life insurance policies that cover them while they are flying or doing almost any other activity.

Discounts Offered by Avemco

Even though they don’t offer auto insurance, Avemco offers discounts to keep their insurance coverage affordable for most pilots. Your driving record has a dramatic affect on the affordability of aircraft insurance for you. Discounts are available for drivers who have clean driving records. There are also discounts for pilots who have spent hundreds of hours flying. Plane insurance discounts can be different than automobile insurance discounts so be sure to complete a FREE auto insurance comparison to find the best deals.

Pilots who receive certifications and additional training may receive additional discounts on Avemco insurance policies. Showing initiative by taking additional training classes that are not required is likely to be rewarded in lower premiums. Make sure to mention to any classes you have taken to each company you are asking for an insurance quote to make sure you receive any discounts you are eligible for.

Factors That Affect Your Insurance Premiums

Having a DUI on your record dramatically increases your flight insurance premiums and some companies will not even consider insuring a pilot who has a previous DUI. Avemco will consider offering insurance to pilots who have a single DUI on their record, but there are criteria that must be met.

Experience is a major factor in aviation insurance rates. Pilots who have years of experience in the air will usually pay considerably less than pilots who are new to flying. Most pilots are faced with different circumstances every time they fly, so they will become more responsible as they gain experience behind the wheel of an aircraft and their insurance premiums will decrease accordingly.

Both violations you receive as a driver and as a pilot affect your aviation insurance rates. Pilots don’t usually receive speeding tickets, but they may be cited for improper landing, parking, or failure to properly check their aircraft before flying, among other violations. These violations are reported to a database every time they are given out and insurance companies access this database each time a new policy begins.

Agents

Avemco agents specialize in aircraft, flying scenarios and pilots. They understand different types of hours that a pilot may have including;

• Tailwheel hours
• Retract gear hours
• Constant speed hours
• Sea-amphib hours
• Multi-engine hours
• Sea-float hours
• Glider hours

These agents undergo hours of training so that they thoroughly understand the industry and are able to provide information and knowledgeable advice to their potential customers and current customers. Many of the agents are customers and pilots themselves, so they have firsthand knowledge and experience to offer their customers.

Comparison Shopping

Avemco offers a variety of aircraft insurance options, but there are other good companies who offer the same coverage as well as insurance coverage for other types of vehicles. It is important for customers to compare rates and coverage options from several companies to find the right policy for their auto, life, aircraft and other insurance policy needs. Compare auto insurance reviews and find the best automobile insurance TODAY!