The insurance market cycle has come a full 180 degrees from where it was in 2003, from very hard to very soft. The number of insurers competing for every GA insurance dollar has never been higher. As a result, rates are historically low. Underwriting guidelines are more relaxed than they have been in years.
On the other hand, aircraft insurance becomes more expensive and less available as pilots get older. But what exactly is the magical age that raises red flags in an insurance underwriters computer? The short answer: It depends on what you fly and the relationship you have with your carrier.