USAA Flight Insurance

USAA Aviation Insurance is simply the middleman between you and a company called, Falcon Insurance, USAA is just there to make sure you have the financial backing to support a plane. I have to admit, some blogs are more fun to write than others, and researching how to own a plane is pretty cool. If I were able to say to myself, “I own an airplane” it would assure me, I made it in life. So, if you’re searching for a way to own the best possible aviation insurance for your aircraft, then you’ve come to the right place.

What Are The First Steps In Becoming A Pilot?

Before you get your insurance, you have to not only already have a plane, but you have to be licensed by the Federal Aviation Administration (FAA). This means regardless of the aircraft, you MUST at least obtain an Airman’s Certificate to fly anything in the United States. The last thing you need is to be escorted to an airport by F-16 Fighter Jets for not having your plane or identity properly registered with the FAA. Once you have your aircraft registered and your Airman’s Certificate, you’ll want to read up on aircraft safety procedures that are required for you to know before you fly through any airport. Once you’re done with the legal stuff, you’re ready to get your insurance so you can legally fly anywhere in the United States.

Falcon Aviation Insurance

Established in 1979, Falcon Insurance has grown into one of the largest and most specialized aviation insurance companies in the world. They are fully licensed in all 50 states, including Puerto Rico and the District of Columbia, so it doesn’t matter where you fly, as long as your plane is registered in the United States (Excluding Alaska). They’re up to 9 offices across the country, strategically set out near the nation’s biggest airports (e.g. Atlanta, L.A.X., and Dallas).  Falcon Insurance has 4 plans (Bronze, Silver, Gold, and Platinum) that are based on how much coverage you need for your plane. This blog will explain each of these, to better assist you in choosing the best plan for you.

*Anytime you fly a plane, you accept the risk that if you crash, you’re almost certainly going to die. Make sure you have life insurance to help with funeral costs and any liability from the crash.

What Aircraft Are Covered By Falcon Insurance?

Covered Aircraft Explanation of Aircraft Example of Aircraft
Multi-engine Piston powered
  • fixed-Wing
  • non-pressurized land Aircraft
  • single piston-powered engine
  • less than 450 rated horsepower
  • less than 8 seats (including the pilot)
  • multi-engine piston-powered aircraft has to be lower than 350 rate horsepower for each engine and have less than 8 total seats
sailplanes, gliders, light sport aircraft, and experimental aircraft
Single Engine Piston Powered
  • fixed-wing
  • non-pressurized land aircraft
  • single piston
  • less than 450 rate horsepower
  • less than 8 total seats
sailplanes, gliders, light sport aircraft, and experimental aircraft
Piston Powered Rotorcraft
  • fixed-wing
  • non-pressurized land aircraft
  • single-piston engine
  • less than 450 rate horsepower
  • less than 8 total seats
  • rotor-wing aircraft including
  • single piston-powered engine with
  • less than 450 rated horsepower and
  • less than 5 total seats
light sport, experimental aircraft, sailplanes/gliders
Single Engine Sea Plane
  • fixed-wing
  • non-pressurized land aircraft
  • single-piston engine that has
  • less than 450 rate horsepower
  • with less than 8 total seats AND
  • single-engine water landing aircraft with
  • less than 8 total seats and
  • less than 350 rated horsepower with
  • less than 5 total seats
Sailplanes and gliders

Falcon Coverage Plans

In order to get a complete understanding of what Falcon Insurance offers, you need to know about Bronze, Silver, Gold, and Platinum in each plane listed above. As tedious as this is for me, you can go into this journey knowing everything they have to offer before you talk to an agent.   To better help understand some of the lingo used in these plans, we need to discuss them so everything below makes sense. When you see (OCC/OAC) Occupational Accident Coverage,  it’s the amount of liability coverage for the owner of a leased aircraft. This coverage helps protect the owner of the aircraft from owing workers’ compensation on top of the OAC.

Multi-Engine Piston Powered

Bodily Injury & Property Damage (OCC) Premium  (OCC) Medical Limit Physical Damage Physical Damage Premium Total Cost (per year)
Bronze $250,000/ $25,000 (per year) $108 $1,000 (no Premium) $2,500 $115 $223
Silver $500,000.00 occ/ $100,000 (per year)  BI/PD $216 $3,000 $25,000 $338 $577
Gold $1,000,000.00 occ / $100,000.00 $270  $5,000.00 $100,000.00 $1215 $1530
Platinum $1,000,000.00 occ / $200,000.00 $709  $10,000.00 $200,000.00 $2430 $3229

Single Engine Piston Powered

Bodily Injury & Property Damage (OCC) Premium  (OCC) Medical Limit Physical Damage Physical Damage Premium Total Cost (per year)
Bronze $250,000/ $25,000 (per year) $72 $1,000 (no Premium) $1,000 $68 $140
Silver $500,000.00 occ/ $50,000 (per year) $90 $3,000 $25,000 $225 $338
Gold $1,000,000.00 occ / $100,000.00 $180  $5,000 $100,000.00 $810 $1035
Platinum $1,000,000.00 occ / $200,000.00 $473  $10,000 $200,000.00 $1,620 $2,183

Piston Powered Rotorcraft

The first time I read about a rotorcraft, I thought I’d never heard of this type of plane, but it’s actually just a fancy way of saying helicopter. The insurance on helicopters is always going to be more expensive than a plane of any engine size, because as we tragically learned recently with NBA Legend Kobe Bryant, helicopters are incredibly dangerous. This is why we recommend you turn over every stone when taking on the risk of a helicopter. Life insurance is a must if you have any family or would like to take care of your own funeral expenses.

Bodily Injury & Property Damage (OCC) Premium  (OCC) Medical Limit Physical Damage Physical Damage Premium Total Cost (per year)
Bronze $250,000/ $25,000 (per year) $288 $1,000 (no Premium) $1,000 $203 $491
Silver $500,000.00 occ/ $50,000 (per year) $360 $3,000 $25,000 $675 $1,058
Gold $1,000,000.00 occ / $100,000.00 $720  $5,000 $100,000.00 $2,430 $3,195
Platinum $1,000,000.00 occ / $200,000.00 $1,890  $10,000 $200,000.00 $4860 $6840

Single Engine Sea Plane

Bodily Injury & Property Damage (OCC) Premium  (OCC) Medical Limit Physical Damage Physical Damage Premium Total Cost (per year)
Bronze $250,000/ $25,000 (per year) $108 $1,000 (no Premium) $1,000 $102 $210
Silver $500,000.00 occ/ $50,000 (per year) $135 $3,000 $25,000 $338 $496
Gold $1,000,000.00 occ / $100,000.00 $270  $5,000 $100,000.00 $1215 $1530
Platinum $1,000,000.00 occ / $200,000.00 $709  $10,000 $200,000.00 $2430 $3,229

Flight Instructors and Professional Pilots (non-owned)

Flight Instructors and professional pilots that do not own the plane(s) they fly in are in a different category, with more requirements and higher premiums. You need multiple licenses, such as the Certified Flight Instructor Certificate (CFI) or at least the Assistant Chief Flight Instructor (CSIP) in order to be insured by Falcon. Professional pilots are always going to have to pay more because they fly more often, which means they’re at greater risk for a claim to be filed. One way pilots help protect themselves is to join organizations such as the Society of Aviation and Flight Educators (SAFE). It should go without saying, but I highly recommend travel insurance, either through USAA or other companies to safeguard your belongings as you travel from city to city.

 

Society of Aviation and Flight Instructors (SAFE)

If you’re a professional pilot you must be a member of SAFE before Falcon Insurance will accept your application. SAFE is an organization that specializes in getting new pilots certified to fly and improving veteran pilots in the revolving door of technological advancements. SAFE provides great mentoring programs for young professionals trying to learn more about different planes and tips on how to be a better pilot. This constant flow of education through teamwork and communication ensures members of SAFE are prepared to be the best possible pilots they can be.

Multi-Engine Piston Powered (Professional Pilots)

Bodily Injury & Property Damage (OCC) Premium  (OCC) Medical Limit Physical Damage Physical Damage Premium Total Cost (per year)
Bronze $250,000/ $25,000 (per year) $131 $1,000 (no Premium) $2,500 $56 $187
Silver $500,000.00 occ/ $100,000 (per year)  BI/PD $319 $3,000 $25,000 $188 $526
Gold $1,000,000.00 occ / $100,000.00 $413  $5,000.00 $100,000.00 $675 $1,126
Platinum $1,000,000.00 occ / $200,000.00 $656  $10,000.00 $200,000.00 $1,350 $2,081

Single-Engine Piston Powered

Bodily Injury & Property Damage (OCC) Premium  (OCC) Medical Limit Physical Damage Physical Damage Premium Total Cost (per year)
Bronze $250,000/ $25,000 (per year) $131 $1,000 (no Premium) $2,500 $56 $187
Silver $500,000.00 occ/ $100,000 (per year)  BI/PD $319 $3,000 $25,000 $188 $526
Gold $1,000,000.00 occ / $100,000.00 $413  $5,000.00 $100,000.00 $675 $1,126
Platinum $1,000,000.00 occ / $200,000.00 $656  $10,000.00 $200,000.00 $1,350 $2,081

Piston Powered Rotorcraft

Bodily Injury & Property Damage (OCC) Premium  (OCC) Medical Limit Physical Damage Physical Damage Premium Total Cost (per year)
Bronze $250,000/ $25,000 (per year) $525 $1,000 (no Premium) $2,500 $169 $694
Silver $500,000.00 occ/ $100,000 (per year)  BI/PD $1,275 $3,000 $25,000 $563 $1,857
Gold $1,000,000.00 occ / $100,000.00 $1,650  $5,000.00 $100,000.00 $2,025 $3,713
Platinum $1,000,000.00 occ / $200,000.00 $2,625  $10,000.00 $200,000.00 $4,050 $6,750

Single Engine Sea Plane

Bodily Injury & Property Damage (OCC) Premium  (OCC) Medical Limit Physical Damage Physical Damage Premium Total Cost (per year)
Bronze $250,000/ $25,000 (per year) $296 $1,000 (no Premium) $2,500 $68 $364
Silver $500,000.00 occ/ $100,000 (per year)  BI/PD $296 $3,000 $25,000 $338 $657
Gold $1,000,000.00 occ / $100,000.00 $929  $5,000.00 $100,000.00 $1,215 $2,189
Platinum $1,000,000.00 occ / $200,000.00 $1,477  $10,000.00 $200,000.00 $2,430 $3,997

How Do I Apply for Falcon Insurance?

The easiest way is to login through USAA and follows the prompts after you click “Get a Quote”, but you can also just login directly to Falcon Insurance and let them know you’re a USAA member. I prefer to talk to someone directly so if I can ever afford to have my own plane, I’ll call 210-531-USAA (8722) and let them walk me through the whole process so I don’t mess anything up.