Best Aircraft Insurance

BWI Fly is the best overall aircraft insurance for its affordable rates

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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 Aircraft Insurance in 2023

Best Overall : BWI Fly



Why We Chose It

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.

Pros & Cons
  • Affordable rates

  • Exceptional customer service

  • Multiple policy options

  • Not licensed to operate the District of Columbia

  • Policies not applicable for some activities


BWI Fly is consistently ranked among the top aircraft insurance companies, as it offers a wide range of policy options, excellent customer service, and affordable coverage that can be customized to fit your needs. 

BWI’s policy solutions can accommodate both personal and commercial needs. It also offers a slew of niche or specialty policies designed for specific types of aircraft and aircraft owners, including experimental aircraft, seaplanes, flying clubs, commercial drones, private jets, and aircraft charters. Coverage varies by policy and policyholder preferences, but most BWI general aviation coverage options include liability, aircraft hull, ground, and flight, not in flight, and not in motion insurance. 

BWI’s website provides quick and easy access to online quotes and claims for most customers, and its customer service is consistently considered top-notch. This provider also has a wealth of educational resources that can be useful to new and seasoned pilots.

Standard BWI aviation insurance policies are available for as little as $225 a year for up to $1 million in liability-only coverage, making it an affordable option. However, rates can vary significantly based on your policy needs, experience level, and other common factors, so it’s always best to seek a personalized rate.

Best for Veterans : USAA

Why We Chose It

USAA provides specialized insurance products and other financial services to active military members, veterans, and their families, and its aviation insurance carries on that tradition of dedicated customer care.

Pros & Cons
  • 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


The USAA Insurance agency started as an auto insurance company in 1922, but since then, the organization has grown to provide a wealth of services to USAA members and their families. For veterans, that means a one-stop shop for everything from banking services and mortgages to home, auto, health, and even aircraft insurance. Because members receive dedicated service from experienced underwriters and can obtain competitive annual premiums and other perks, USAA is the number one option for veterans seeking aviation insurance. 

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

Wings Insurance

 Wings Insurance

Why We Chose It

Wings has a robust line of commercial and corporate insurance policies that offer unique programs and perks to help business owners save money.

Pros & Cons
  • Extensive collection of commercial policies

  • Workers compensation coverage

  • Highly curated policies

  • Instant online quote not available

  • Limited information available online


Wings has been specializing in aviation insurance since 1984, and today it offers global insurance solutions through a network of providers. All policies are curated to fit each client's specific usage, coverage, and financial needs, making Wings our top choice for commercial aviation policies. 

Commercial customers will find that Wings policies cover all the traditional bases: aircraft hull and liability, cargo operations liability, pollution, and environmental liability, products and completed operations, and property and ocean cargo coverage. But if you're looking for a truly well-rounded insurance provider for your business, you may find that Wings' workers' compensation coverage and life insurance set it apart from some competitors. 

Wings takes pride in an underwriting process that is truly individualized, and its goal is to find the best policy for clients in the U.S. and around the globe. As such, instant quotes are not available online, but Wings agents are quick to respond and well-versed in the unique needs of commercial aircraft policyholders.

Best for Renters : AssuredPartners Aerospace

AssuredPartners Aerospace

AssuredPartners Aerospace

Why We Chose It

AssuredPartners Aerospace offers a variety of competitively priced policies for commercial and personal aviation needs, including renters insurance policies for as little as $81 a year. This, paired with various rate reduction opportunities, can make AssuredPartners a great option for anyone who operates rented aircraft.

Pros & Cons
  • 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


AssuredPartners is one of the nation’s largest aviation insurance firms and a strategic partner of the Aircraft Owners & Pilots Association (AOPA). It offers commercial and personal insurance options, including renters insurance, that policyholders can purchase and bind online within minutes. This, paired with its low rates, makes AssuredPartners our choice for aircraft renters insurance. 

AssuredPartner’s basic liability renters policies start at $81 a year, and you can get additional coverage, like property damage and bodily injury for passengers, for just $175 a year. That means you can add an additional layer of coverage—one that extends past the limits of the aircraft owner’s policy—for less than $7 a month. 

AssuredPartners also offers discounts to eligible policyholders that can make coverage even more affordable. AOPA members, for instance, can save 5% on an aviation policy. Policyholders can also save even more when they go a year without a claim, which entitles them to a 10% claims-free flying record discount as well as an accident forgiveness and deductible waiver.

Best for Vintage Aircraft Insurance : EAA

Why We Chose It

The Experimental Aircraft Association provides a wealth of resources for aviation hobbyists across the nation, including insurance options. It offers specific aircraft policies that are designed to accommodate the unique needs of hobbyists who like to restore, repair, and fly classic planes.

Pros & Cons
  • Owner repair options for claims

  • Multi-aircraft discounts

  • Convenient online chat

  • No online quotes available

  • Website provides limited policy information


The Experimental Aircraft Association (EAA) is an organization that brings together recreational pilots, restorers, and builders, many of whom are particularly fond of warbirds, antiques, and classic planes. It also provides members with several benefits, including access to discounted insurance rates for vintage planes and warbirds. We think EAA is the best option for Vintage Aircraft Association (VAA) and Warbirds of America (WOA) members.

EAA insurance, administered by the Falcon Insurance Agency, provides several forms of coverage, including general liability, emergency off-airport landing, use of other aircraft expansion, personal effects and baggage, and legal defense and loss of certification insurance coverage. It also provides optional coverage for members who participate in instructional or educational activities, sightseeing, and airshow events. 

To make its policies affordable for hobbyists and others who are passionate about vintage aviation, EAA offers discounts to policyholders who insure multiple aircrafts “in-motion” deductible credits for every year without a claim. And since vintage aircraft owners may not be in the sky as often, it also allows policyholders to suspend in-motion coverage.

Best for Flying Clubs : Avemco



Why We Chose It

Avemco offers great discounts and flexible policies that make it easy for flight clubs to add and remove members and create policies that reflect each club’s individual needs.

Pros & Cons
  • 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


Avemco has been protecting pilots since 1961 by working directly with aviation insurance specialists to create customized coverage that fits each policyholder’s needs. Its competitive rates, customizable plans, and safety-based discounts make Avemco a great option for flying clubs. 

One of the primary benefits of an Avemco flying club policy is the ability for each club to work directly with an Avemco aviation insurance specialist to create a policy that is structured based on the unique needs of each club. Avemco further empowers policyholders by allowing them to add and drop members at any time during the policy year without contacting Avemco directly or filing unnecessary paperwork. 

Avemco’s flying club insurance policies provide up to $1 million in property damage coverage and $100,000 per person for bodily injury. Each policy is custom designed to account for the unique needs of each group, which alleviates the constraints that often accompany a one-size-fits-all approach to insurance. 

Policyholders can also take advantage of several discount opportunities, including discounts for hangaring the club’s aircraft and flying claim-free. Members can also take advantage of Avemco’s Safety Rewards discounts, which can reduce premiums by as much as 10% when pilots complete approved flight training.

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
Assured Partners 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
Avemco 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

Frequently Asked Questions

What Does Aircraft Insurance Cover?

Aircraft insurance is an umbrella term used to refer to insurance policies that include but are not limited to single-engine planes, multi-engine planes, seaplanes, jets, drones, homebuilt planes, and more. Aircraft insurance policies can cover personal and commercial aircraft and activities and equipment related to aircraft use, such as airports and hangars. Aircraft insurance providers typically offer standard coverage options like public liability insurance, passenger liability insurance, ground risk hull insurance, and in-flight insurance.

Is Aircraft Insurance Required?

Although federal or state laws don't mandate aircraft insurance, you should have it if you're an aircraft owner. You'll need aircraft insurance that covers your plane while it's in the air, on the ground, and even in the hangar. If you plan to have passengers on the place, you'll need insurance that covers them as well.

What Is the Minimum Aircraft Insurance?

Unlike home or auto insurance, there are no state or federal aircraft insurance requirements. Howver, it’s wise to have enough coverage to cover the cost of your aircraft and any resulting costs associated with an accident, including property damage, passenger injury, and damage to the aircraft.  

Because there are no specific requirements, it’s also a good idea to consider your budget and fixed base operators (FBO) insurance requirements and speak to an experienced aircraft insurance provider, who can also help you evaluate your needs. 

What Is the Average Cost of Airplane Insurance?

Private aircraft insurance costs vary greatly, with premiums ranging from just under $100 to hundreds or even thousands of dollars a year. It is difficult to state an average for airplane insurance because your individualized rate will depend on multiple factors. These include the type of aircraft to be insured, intended use, the number of passengers (if any) it holds, your flight history (or anyone listed on the policy), and the type of coverage you choose, including its limits and deductibles.


We researched 14 aircraft insurance providers offering the most common types of aviation coverage and evaluated each insurer based on policy options, potential costs, customer feedback, and online resources (e.g., claim portals, quotes, etc.).

First, we reviewed overall ratings to identify providers that generally offer favorable service, affordable rates, and an overall positive experience. Then we reviewed the policy options, discounts, and other defining characteristics to match the remaining pool of providers to audiences based on their aircraft types, needs, or activities.

Pilot at Work Aircraft Insurance

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