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Increasing aviation insurance rates are part of a natural cyclical swing If you have been involved in aviation for any time now, you will have noticed aviation insurance rates going up significantly. At BWI Aviation Insurance, we pride ourselves on finding the best coverage for the best rates. There is competition in the aviation insurance market, but not enough that you can go anywhere and find coverage at your desired rate. Aviation Insurance is in a Natural Cyclical Swing If you are a new pilot, you may not have any context for how aviation insurance rates have changed in 2020. Veteran pilots will tell you that the past decade has been a golden age for insurance premiums. Compounding the problem is the low number of aviation insurance providers in the market. If you pull up to a gas station and some guy whispers from the shadows, "Hey, want some cheap aviation insurance?" Please do not be fooled. What You Can Do to Find Lower Premiums While you may not be able to change the market for aviation insurance, you can navigate the market to help find the appropriate coverage for the lowest rate. Check out our blog post: The 5 Best Ways To Save Money On Aircraft Insurance What about self-insurance? With insurance premiums rising from 20-100% for multiple years in a row, a lot of our insureds are considering self insuring their aircraft. We can't help you with the murder hornets, but we can help you with your aviation insurance. Contact Us At: https://bwifly.com
