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Your Instrument Rating and Insurance Rates

Ever thought about an IFR rating and if it has any effect on insurance rates?  Over the years, we’ve seen some smaller decreases as a result of someone obtaining their instrument rating.  Now, keep in mind, there are some major caveats to this. 

The first being that aircraft insurance rates fluctuate, and they can fluctuate often. These fluctuations can either mask or magnify any change you might have been expecting. For example, in a year with decreasing rates, it might appear as though all this was attributed to your instrument rating.

On the other hand, if rates are going up, or during a “hard market” like we are currently experiencing, you may notice some cushion against the increase because of your new rating.  Another point to consider is that more hours in your make and model can help rates. And generally the only way to get an IFR rating is to build time.

There is another important aspect to briefly mention, some aircraft can only be insured with an instrument rating – so no discounts will be offered in these instances (think turbine, cabin class, etc.).

If you haven’t done so already, think about getting your IFR rating – not for the insurance discounts…but because it will make you a better pilot. 

AssuredPartners Aerospace, AOPA’s partner for aviation insurance, is ready to help you navigate the insurance market.  Our mission is to help clients ensure they have the right coverage at the right price.  Visit for more information or call us at 800-622-2672.  We are standing by to serve your aviation needs now and in the future!

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