Popular general aviation aircraft, the Cessna 172 is utilized for personal travel, flying instruction, and other aviation-related tasks. One of the most recognizable airplanes in the world, it has been manufactured since 1956. But what is the price of a Cessna 172? The answer depends on the aircraft’s age, condition, and attributes. A new Cessna 172 typically costs $400,000, although a used one can range in price from $15,000 to $400,000.
The cost of owning a Cessna 172, however, extends beyond the cost of the aircraft itself. The ownership of an airplane involves additional costs. They consist of fuel, upkeep, storage, and insurance. A Cessna 172 typically costs $100 to $150 per hour to operate, including fuel, oil, and maintenance costs.
Another crucial cost for aircraft owners is aircraft insurance. The age and condition of the aircraft, the pilot’s expertise, and the kinds of activities the aircraft is used for are a few of the variables that affect insurance costs. A Cessna 172’s annual airplane insurance premiums can range from $1,500 to $3,500.
How does airplane insurance operate then? Similar to other insurance products, aircraft insurance functions similarly. It offers defense against unintentional harm or loss of the aircraft, damage to people or property caused by the aircraft, and liability claims brought about by using the aircraft. Damages incurred by the aircraft while in flight, taxiing, taking off, and landing are covered by the policy.
Non-owned aircraft insurance is an additional option to standard aircraft insurance. Pilots who don’t own their own aircraft but may rent or borrow a Cessna 172 are covered by this sort of insurance. It offers liability protection in the event that the pilot operates a rented or borrowed aircraft and causes personal harm or property damage.
In conclusion, pilots and aviation enthusiasts may find satisfaction in owning a Cessna 172. The total cost of ownership, which includes the purchase price, ongoing costs, and insurance, must be taken into account. Aircraft owners can make well-informed decisions about owning and flying a Cessna 172 by taking these variables into account.