Insurance was difficult for a low time pilot like me, finally got covered for about $7K per year.
Something just doesn’t seem right with this, Scott. My quote, round number, from AOPA (500 hr VFR pilot) was around $2,200 annually with typical liability/event/per seat numbers.
I suspect that until there are more cirri “in the field”, the insurance quotes will vary quite a bit from company to company. I was given a quote from Avemco (whom I have pretty reasonably priced renters’ insurance from now) for about $5200 per year with $1M liability (something like $100k per seat) and $220k hull value. I’m instrument rated but only 250 hours.
I was told the reason it was so high was because it was composite – maybe they doesn’t insure many kitplanes and other composite aircraft???
I have since heard of people getting lower quotes, in the ballpark of what you mentioned ($2000-2500 annually).
I would think once the fleet has been in operation for a few years and they can gather some statistical claims numbers, the quotes will start converging a little closer - and hopefully on the low side!