»Article posted on: May 5, 2011 by: Kat Zeman
Car insurance for flying vehicles?
Photo courtesy of Terrafugia
As advanced auto technologies hit the road, car insurance companies will need to test drive new types of policies. Terrafugia, Inc., a company based in Woburn, Mass., recently completed a flight-testing program for its Transition Roadable Aircraft, dubbed “The Flying Car.” It is expected to be available in 2011.
The two-seat auto/aircraft hybrid is designed to take off and land at local airports and drive on any road. It transforms from plane to car in less than 30 seconds. It will be able to cruise up to 450 miles in the air and at over 115 miles per hour on the road.
Drivers/pilots will buy fuel at any gas station (it runs on unleaded gas). It’s even designed to fit into a garage! The current projected price for each flying car is $194,000. You can reserve yours now with a $10,000 deposit. The company says it already has in excess of 70 firm orders.
Any ideas on how much it will cost to insure a flying car?
filed under AVIATION INSURANCE · CAR INSURANCE | tags: CAR INSURANCE, car insurance companies
Anne said:
Jan 27, 10 at 2:08 pmThis is amazing. Although I’m sure it will be pretty pricey to insure it just because its new, its still kind of sketchy, and I’m sure it will be expensive to keep up.
Anthony said:
Jan 28, 10 at 10:24 amMy guess is that it would be a lot. Probably more than insuring a home.
Alex said:
Feb 01, 10 at 6:37 pmProbably the price of insuring 5 or 6 cars combined.
Erin said:
Feb 02, 10 at 12:14 pmI wonder why it could do almost quadruple the amount of miles in air? Is it because there won’t be traffic? Regardless, I can’t see myself being able to afford this or anything like it in my lifetime. Oh well, just another page in the book of desires.