FWIW a second time, I was a 100 hr private pilot with my tailwheel, but no complex, hi performance.
My Insurance wanted 25 hrs with an appropriate CFI (CFI had to have 25 hours in make/model, 1000 hrs with out incident, 250 retract).
Recommendation for you. Only Lloyds would insure me - and it wasn't cheap. $5800/yr. Ins. guy said here's your homework.... "Fly like *u*k. You can either gain time or pay for another $6k again next year. I'd rather fly..." He stated that only one insurer would cover a novice pilot in an aircraft like mine - one insurer means they charge what they please. Gaining time, better an instrument rating, would really drop my rates to somewhere north of $1k.
I did what they guy said, did 150 hrs in 9 months. At 250 hrs, I cancelled my policy, got the refund for what was left, and the refund paid for the next 12 months of my new policy. Was told finishing my instrument along with other stuff like WINGS and maybe ABS Aviator stuff might even drop my premium more at renewal.
Hope that helps. Good luck!Todd Makiyama2011-04-09 22:33:04