Avemco

What Avemco does

Avemco Insurance Company is a US-based aviation insurance underwriter founded in 1961 and headquartered in Frederick, Maryland. The company operates as the only direct aircraft insurance underwriter in the United States, selling hull and liability coverage directly to pilots and aircraft owners without broker intermediaries. It is a privately held subsidiary member of the Tokio Marine HCC group of companies, holds an A++ (Superior) financial strength rating from A.M. Best, and is licensed to underwrite in all 50 states plus the District of Columbia (NAIC #10367).

Avemco's product portfolio spans Owned Aircraft Insurance (single and multi-engine piston aircraft, land and seaplanes, gliders, and experimental/homebuilt aircraft), Non-Owned Renter Insurance, Student Pilot Insurance, three Certified Flight Instructor (CFI) variants including a NAFI member-specific product, Flying Club Insurance, Aircraft Trader Insurance, Mexico Liability coverage, and Term Life Insurance. The company uses an annual premium subscription model with renewal-based retention, supplemented by the Safety Rewards Program which offers up to 25% premium credits for aircraft owners and up to 10% for renters who complete FAA WINGS proficiency coursework. Distribution is exclusively direct-to-consumer via phone (888-241-7891) and online quote-and-bind through avemco.com, with the underwriter who approves coverage being the same person the customer speaks with on the call.

The company employs 11–50 people at its Frederick headquarters and generates revenue solely through insurance premiums. Its GTM motion is community-led, anchored by content marketing (PIREP blog, On Approach newsletter), event presence at EAA AirVenture Oshkosh, and partnerships with Women in Aviation International, the National Gay Pilots Association, and FAA WINGS-aligned training providers including King Schools, ASA, Gleim, Sporty's Pilot Shop, Pilot Workshops, and Redbird Flight Simulations. The company's go-to-market emphasizes direct underwriter relationships, pilot safety education, and proficiency-linked premium discounts as its core differentiation against agency-channel competitors.

Name

Avemco

Legal name

Avemco Insurance Company

Website

https://avemco.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

11–50 employees

Short description

Avemco Insurance Company, founded in 1961, is the only direct aircraft insurance underwriter in the US, offering hull and liability coverage for general aviation aircraft owners, renters, student pilots, CFIs, flying clubs, and traders across all 50 states.

Ownership category

akta.pro rank

Product category

Aviation Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Marine & Aviation Insurance (FSAJAMAI)

akta.pro secondary industries

Aviation Hull Insurance (FSAJAHAC), Aviation Liability Insurance (Passenger & Third-Party) (FSAJAHAD), Aviation Specialty (FSAJAGAK)

Keywords

• Aviation insurance
• Aircraft insurance
• Pilot insurance
• Flying club insurance
• CFI insurance

Headquarters

HQ city

Frederick

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Aircraft Insurance Premiums: Avemco generates revenue through insurance premiums charged to aircraft owners, renters, student pilots, CFIs, and flying clubs. Policies are sold as annual coverage with renewal-based revenue streams.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Avemco is the only direct aircraft insurance underwriter in the United States, selling aviation insurance policies directly to pilots without middlemen or brokers. The company offers hull and liability coverage for owned aircraft (single/multi-engine piston, seaplanes, gliders, experimental), renter/non-owned coverage, student pilot insurance, CFI insurance variants, flying club coverage, aircraft trader insurance, Mexico liability coverage, and term life insurance for the general aviation community. Customers speak directly with the underwriter who approves their coverage, with instant quotes available by phone or online.

Product overview

Avemco is the only direct aircraft insurance underwriter in the United States, offering a comprehensive portfolio of aviation insurance products. The product lineup includes Owned Aircraft Insurance (covering single/multi-engine piston aircraft, seaplanes, gliders, and experimental aircraft), Homebuilt Aircraft Insurance with construction endorsements, Aircraft Trader Insurance for dealers, Non-Owned/Renter Insurance, Student Pilot Insurance, and multiple CFI (Certified Flight Instructor) Insurance variants (Non-Owned, Owned, and NAFI CFI). Additional offerings include Flying Club Insurance, Mexico Liability Insurance, and Term Life Insurance. The company operates as a direct writer, meaning customers work directly with underwriters without middlemen, and offers the Avemco Safety Rewards Program for premium discounts.

Differentiator

Problem solved

Functional benefit

Products and services

• Owned Aircraft Insurance

Quantifiable outcome

• Safety Rewards Program can save aircraft owners up to 25% and renters up to 10% on annual premiums

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Women in Aviation International (WAI)coreGTM or Marketing PartnerAvemco sponsors Women in Aviation International and their Connect Breakfast at AirVenture. Marci Veronie, SVP Sales & Marketing, served as Chair of the Board of Directors of Women in Aviation International (2018-2020).
• FAA WINGS - Pilot Proficiency ProgramcoreStrategic or Co-development PartnerAvemco integrates with the FAA WINGS program to offer premium credits to policyholders who complete WINGS courses. Partners include training organizations such as King Schools, ASA, Gleim, Sporty's Pilot Shop, and Pilot Workshops.
• National Gay Pilots Association (NGPA)minorGTM or Marketing PartnerAvemco is a proud sponsor of NGPA and their AirVenture BBQ event.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• USAIG (United States Aircraft Insurance Group): A leading aviation insurance pool providing hull, liability, and specialty coverage to general aviation and corporate operators in the U.S. Closely comparable to Avemco in product mix (hull, liability, non-owned) and target customer base.
• Global Aerospace: One of the largest dedicated aviation insurance underwriters in the U.S. and globally, providing aircraft hull and liability coverage to general aviation owners, renters, and commercial operators — directly comparable to Avemco across product, customer, and underwriting model.
• Starr Aviation: Specialty aviation insurer providing hull, liability, and non-owned coverage to GA operators. A directly comparable specialty competitor with similar product focus on owner-flown and renter markets.

Emerging players

• Hallmark Financial Services (Aviation): Mid-market specialty insurer with an aviation division serving GA and light commercial operators. A meaningful but smaller competitor compared with global incumbents, with overlapping GA product offerings.
• Falcon Insurance Agency: Independent aviation insurance agency/broker placing GA aircraft coverage with multiple carriers. Comparable in customer focus (owners, renters, CFIs) but acts as intermediary rather than direct underwriter like Avemco.
• Aviation Insurance Resources (AIR): Specialty aviation insurance agency focused on general aviation hull and liability coverage for owners and flight schools. Comparable target market to Avemco's owners/renters/CFIs, but operates through agency/broker placement rather than direct underwriting.

Broad incumbents

• Chubb Aerospace: Chubb's aerospace division provides aviation insurance spanning GA, corporate, and airline risks globally. Overlaps with Avemco in GA hull and liability but operates as part of a much broader specialty insurance portfolio.
• AIG Aviation: AIG's aviation division underwrites large commercial airline, corporate, and general aviation risks globally. It is a broader incumbent offering overlapping GA aircraft coverage as part of a much larger commercial aviation portfolio.
• Allianz Global Corporate & Specialty (AGCS) Aviation: The corporate and specialty aviation arm of Allianz, providing aviation hull and liability coverage globally. Comparable to Avemco's aviation product set but part of a much larger multinational insurance group.
• Berkshire Hathaway Specialty Insurance: Specialty insurance arm of Berkshire Hathaway writing aviation, including general aviation risks. Competes with Avemco in GA aircraft coverage but operates at a much larger balance sheet and broader specialty book.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/avemco
• Facebookfacebook.com/avemco

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avemco