Velosurance is a national insurance agency founded by two cyclists in response to the insurance needs of bicycle riders nationwide. We partnered with an A.M.Best “A” rated, US insurance company to provide a multi-risk policy offering protection to all types of cyclists.
Bicycle racing insurance
Protect your bike from damage and yourself from injuries and liability while competing in your favorite sport
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Best insurance for racing your bike
Racing accidents are part of the sport and Velosurance works hard to get you back racing as soon as possible
Crash Damage
Your bike is covered at all times for all types off accidental damage including crash damage that happens while racing.
Medical Coverage
If you are injured while racing the policy will cover your unpaid medical bills, up to the policy limit
Damage or Loss in Transit
Bikes often get damaged while in transit. Velosurance covers the insured bike whether it is transit by car, air, or bike delivery service.
Crash damage coverage
Engaging in racing demands unwavering commitment, outstanding physical condition, and a strong mindset, but it is not without mishaps
The most risk you take on with your bike, or maybe even in your life, is when you race. If racing is your passion, racing coverage from a specialty bicycle insurer is an absolute no-brainer, because there’s literally no other insurance policy that would cover the bike in a race. In the heat of a race, when operating at the limit, the focus is rarely on safety, and that’s exactly when accidents happen. It doesn’t even have to be your fault, someone’s momentarily lack of awareness can cause the crash that involves you.
Crash and accidental damage coverage is included with a bicycle insurance policy from Velosurance. To extend this coverage to racing, please select "competitive" usage when requesting a quote. Additionally, the policy also provides up to $500 coverage for the riding apparel which includes the kit, helmet, shoes, gloves, and sunglasses. Finally, your spare parts, such as a race wheelset, are covered. (up to $500 per loss, $1,000 limit for the policy term)
Medical coverage
Limit or eliminate out-of-pocket medical expenses by filling the gap in your primary medical coverage
A bike insurance policy from Velosurance offers optional medical payments coverage. This is also known as medical gap insurance, and it is a type of coverage that helps fill the "gap" between what you have to pay before your health insurance starts covering 100%. It is often used to complement existing health insurance policies and can be particularly beneficial for those with high-deductible health plans or limited coverage options. If you have no medical insurance at all, this coverage would act as your primary health insurance up to the amount you selected when purchasing the bike insurance policy. But since it’s bicycle insurance, it would cover only the medical expenses that result from a bicycle-related injury. Unless your other hobbies include base jumping or cave diving, racing your bike is probably the time where you take on the most risk, so this coverage is not to be overlooked.
Damage in Transit
A policy from Velosurance covers your insured bike for loss or damage while it is transit
The airlines have finally recognized the value of making flying with a bike easier; it is also more affordable than ever. If you are flying to your next event and taking your bike on the plane as checked baggage, your bike will pass thorough many hands, including those of the airport staff, baggage handlers and TSA officials, none of who know or care about high value bicycles.
If the bike is returned to you damaged or doesn’t show up at all, you will have to file a claim with the airline. Unfortunately, when it comes to claims, airlines are notoriously difficult, if not outright impossible, to deal with. Most airlines limit their responsibility for checked baggage damage to $500 and allow a very small window for filing a claim. A policy from Velosurance covers your bike for loss or damage while it is transit, including when it’s in the hands of an airline.
If bike racing is your passion, racing coverage from Velosurance is an absolute no-brainer.
Membership discounts
Use your USAT/USAC/IMBA membership to get a discount
If you’re participating in sanctioned events, you’re likely already a member of your sport’s governing body, be that USA Cycling (USAC), International Mountain Biking Association (IMBA), or USA Triathlon (USAT).
At Velosurance we recognize the work these organizations do to promote and develop the sport of cycling in the USA and offer a discount to their members. When purchasing a policy please be sure to select your membership and we’ll apply a 10% discount to every insured bike’s premium.
Customer Stories
Client satisfaction is our #1 goal. Here's what our clients say about Velosurance
"I've been using Velosurance for about ten years now. I am very happy with the coverage and the claim process. I have made a few claims and each time they have been very helpful and easy to work with. On top of that, they have the easiest website to use. It is the easiest insurance company I've worked with when it comes to making changes and updates. "
Matt F
Miami, FL
"I bought my policy to protect against the wave of crime in LA. Little did I know I would be collecting for a full bike replacement, plus my helmet and jersey after a head-on collision. Keep all your receipts and the claims team will make it easy. Buy the medical insurance even if you have good personal insurance. My out-of-pocket has been high. Great company. Strongly recommend. "
Chris R
Los Angeles, CA
"I have had my policy with Velosurance for several years now and can highly recommend them. I insure two road bikes with them and finding the best coverage was straightforward. If one has to file a claim, their customer service is exceptional. They are clear on what documentation is needed and extremely responsive. I also like that they offer global coverage, which is great when traveling abroad. "
Thomas B
New York, NY
Check out Velosurance reviews to see what else people are saying about us.
Coverages and Features
Velosurance core policy offers must-have protection such as accidental damage, theft, or loss in transit. Each policy can be customized by adding additional coverages such as liability protection, uninsured motorist coverage, and medical gap coverage.
Total loss by theft
Bikes are very easy to steal and equally difficult to recover, and a hefty U-lock doesn’t guarantee that your bicycle will remain yours when you return. Velosurance provides peace of mind when your bike is stolen or damaged in the process.
Medical coverage
If you’re hurt and require medical attention, our policy's optional purchase medical payments will cover your medical bills, up to the policy limit. The policy medical payments are paid directly to you to supplement the deductible of your personal health insurance policy.
Any crash or accidental damage
Our policy will pay to replace the bike when it is accidentally damaged and beyond repair, including damage that occurs while being carried on or in your vehicle. If the damage can be repaired, the policy will cover all the costs associated with the bike's repair, including tax, labor, and shipping. Cosmetic damage that does not affect the bike's safety is excluded.
Damage or loss in transit
Bikes often get damaged in transit by personal vehicles, airlines, or courier services. Filing a claim with the airlines and courier services is a notoriously difficult process with a questionable outcome. Our policy covers the insured bike for loss or damage while it's on its way to or from your destination by air or road. Even if the bike falls off a vehicle bike rack or is hit in a rear-end accident, it is covered, no arguments.
Electric bicycle coverage
We cover all electrically assisted Class 1, 2, and 3 bikes with a maximum assisted speed of 28 mph. All coverages available for conventional bikes also apply to e-bikes.
Liability protection
Our policy optional coverage purchase will protect and defend you from your personal liability (injury, sickness, death, or damage to property, including fire damage) that you are found legally liable for. Coverage limits offered: $25,000, $50,000, $100,000, or $300,000 per occurrence.
Worldwide coverage
If your travels take you outside of the USA and Canada, our policy can be extended, at a small additional premium, to cover physical damage, such as a crash, and will also cover theft as well as loss or damage by an airline.
Our shop or yours
When filing a claim you’ll need to provide a repair estimate from a bike shop. We have a nationwide network of partner bike shops that are familiar with our process and can help you speed through your claim. If you prefer to work with your favorite bike shop, that works too.
Gear and apparel
If your insured bike is damaged in a crash, our policy covers the bike as well as your apparel, such as helmets, shoes, glasses, or riding kits, that were also damaged in the crash, and will pay up to $500 per accident and $1,000 per policy term. Spare parts that are not installed on the bike, such as a spare wheelset, are also covered for loss or theft up to $500 per loss and $1,000 per policy term.
Your choice of lock
We do not dictate what type or brand of a lock must be used to protect the bike from theft. You are welcome to use any lock that you trust. The best security is provided when securing an unattended bike with metal locks combined with a high-quality chain. Securing your bike to a solid and immovable object, such as a bike rack, with a high-quality lock will send a bike thief onto the bike secured with a more vulnerable lock.
No depreciation
Our policy never depreciates your bike's insured value. Depreciation is a hidden deductible that increases every year, and is applied if the bike is stolen or totalled. No one is ever happy with a depreciation (actual cash value) insurance settlement: the bike is first devalued and then a deductible is applied, resulting in a reimbursement that is far less than it takes to replace the bike. The policy will reimburse you, without depreciation, for the cost of a replacement bike that is of like, kind, and quality, similar to your totaled bike.
24/7/365 coverage
Our policy covers the insured bike(s) at all times, anywhere in the USA and Canada, and can be extended worldwide on request. There are no exclusions on time of day, or limitations on how long a bike could be stored away from home. 24/7/365 means every minute of every day, no matter where or when.
Standalone bicycle insurance
A standalone policy does not piggyback on coverage provided by the policies you may already have, such as home insurance. A claim against our policy will not reflect on your insurance score and will not affect your rates with other insurance carriers. With home insurance rates going up every year, it’s prudent to reserve your claim for when you really need it, because no matter how expensive your bike is, it’s a lot cheaper than a kitchen fire or a basement flood.
Uninsured Motorist Coverage
One of the scariest things that can happen to a cyclist is getting hit by a car. This coverage will cover medical expenses, physical therapy, mental health services, lost wages, and other expenses that arise from a bicycle-car accident.
Permissive Use Policy
You can lend the bike to anyone you choose and it will be covered. The bike and the person riding the bike are covered as if it were you riding it – this includes theft and crash damage as well as any purchased optional coverages.
Why Velosurance is best for your bike
Not all types of insurance are created equal. Velosurance levels the playing field by offering a stand-alone bike insurance policy, where claims will not affect your homeowner or renters policy premiums.
| Policy Coverage |  | Homeowner/Renters Policy |
|---|---|---|
| Insured at Full Value | Yes | Possibly |
| Crash Damage | Yes | No |
| Theft Coverage | Yes | Limited |
| Theft by Force | Yes | No |
| Theft of Accessories | Yes | Limited |
| Theft Away From Home | Yes | Possibly |
| Vehicle Contact | Yes | No |
| Personal Liability | Yes | Possibly |
| Permissive Use Policy | Yes | No |
| Replacement Bike Rental | Yes | No |
| Event Fee Return | Yes | No |
| Cycling Apparel Coverage | Yes | No |
| Medical Payments | Yes | Possibly |
| Racing Coverage | Yes | No |
| E-bikes | Yes | No |
| Coverage in-transit | Yes | No |
| USAC, USAT and IMBA Member Discount | Yes | No |
| FREE INSTANT QUOTE |
Not all insurance policies cover bikes equally and it often takes a claim to find out that your bike isn't covered. We did the hard work and read all the fine print. To see the difference, see bicycle insurance comparison.
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America's best bicycle insurance
If bike racing is your passion, bicycle racing insurance from Velosurance is an absolute no-brainer.