If you are paying 5% then you are being either 1) Raped or 2) you are a short sighted drunk or 3) you fly a robinson
Definitely not no. 2 or no. 3. Maybe no. 1. But probably most likely due to low helicopter time. Despite 40+ years of flying planks (including CPL/IR/ME and turbines) and with no accidents, incidents, violations or insurance claims ever, the hull premium on my new E480B was about 4.5% of insured value. At the time this coverge was purchased, I had a PPL-Helicopter and about 100 hrs total helicopter time. I shopped round extensively and this was by far the best offered. When renewal time comes around I will have CPL/IR-Helicopter and north of 250 hrs of tubine helo time, so expecting a significant reduction in premiums.