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.
Client satisfaction is our #1 goal. Here's what our clients say about Velosurance
Velosurance really stepped up and put me at ease. The claim was fast and easy. I am insuring all my bikes now.
Check out Velosurance reviews to see what people are saying about us.
Coverages and Features
Velosurance 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, and medical payments. Select any coverage to see the details.
Bicycles are very easy to steal and equally difficult to recover, and even a hefty U-lock doesn’t guarantee your bike is still there when you return. Velosurance provides peace of mind if it is stolen or damaged in the process.
Our policy will pay to replace your ride if it is accidentally damaged and beyond repair, including damage that occurs while being carried on or in your vehicle. If it can be repaired, we will pay all the costs associated with the bike's repair, including tax, labor, and shipping, minus the deductible. Cosmetic damage that does not affect safety is excluded.
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, $300,000 or $500,000 per occurrence.
E-bike liability insurance →If you’re hurt and require medical attention, our optional medical gap will take care of your medical bills, up to the selected limit. The payments are paid directly to you to supplement the deductible of your personal health insurance policy.
Medical gap insurance →Depreciation is a hidden deductible that increases every year and is applied if the bicycle is stolen or totaled. No one is ever happy with an 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 the cost of a replacement. We reimburse without depreciation, for the cost of a replacement that is of like, kind, and quality similar to your totaled bike.
One of the scariest things that can happen to a cyclist is getting hit by a car. This coverage will pay for medical expenses, physical therapy, mental health services, lost wages, and other expenses that arise from a bicycle-car accident.
Uninsured motorist insurance →We cover all electrically assisted Class 1, 2, and 3 bikes with a maximum assisted speed of 28 mph. All protections available for conventional bicycles also apply to electric ones.
E-bike insurance →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. We cover the insured bicycle for loss or damage while it's on its way to or from your destination by air or road. Even if it falls off a vehicle rack or is hit in a rear-end accident, it is covered, no arguments.
Bicycle travel coverage →If you go down in a crash, we cover your ride as well as your apparel, such as helmet, shoes, glasses, or riding kit that are torn up, and pay up to $500 per accident and $1,000 per term. Spare parts that are not installed, such as a spare wheelset, are also covered up to $500 per loss and $1,000 per year.
Our policy does not piggypack on any coverage you may already have, such as homeowners policies. Filing a claim won’t impact your rates with other carriers. With home insurance premiums rising each year in the U.S., it’s wise to reserve that policy for major incidents, because no matter how valuable your bike is, it’s still a lot cheaper than a kitchen fire or a flooded basement.
We cover the insured bike at all times, anywhere in the USA and Canada, and can be extended worldwide on request. There are no exclusions on the time of day or limitations on how long it can be stored away from home. 24/7/365 means every minute of every day, no matter where or when.
In the heat of a race, the focus on speed often outweighs concerns for safety, leaving little margin for error. If you go down in a crash, this optional coverage takes care of repairs or replacement. If you use your bike in a competitive environment, this is a no-brainer because it offers protection in the highest-risk category.
Bicycle racing insurance →If your travels take you beyond the USA and Canada, for a small additional premium, this option extends the physical loss and damage protection, including loss or damage caused by an airline, to any country in the world.
International coverage →You can lend it to anyone you choose, and it will be covered. The bike and the person riding it are covered as if it were you riding it‚ this includes theft and crash damage as well as any purchased optional coverages.
We do not dictate what type or brand of lock must be used to protect your ride from theft – you are welcome to use any lock that you trust. The best security is provided by metal locks combined with a high-quality chain. Securing your ride to a solid and immovable object, such as a bike rack, with a high-quality lock will send the thief onto the one secured with a more vulnerable lock.
Why Velosurance is best choice for your bike
Not all types of insurance are created equal. Velosurance levels the playing field by offering stand-alone bicycle coverage, where claims won’t affect your homeowner's or renter’s 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 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 provide the same level of protection, and many people only discover gaps in their coverage after filing a claim. We’ve done the hard work of reviewing the fine print. To see how plans compare, check out our insurance comparison.
Frequently Asked Questions
- How do I add racing coverage to my policy?
- Select "competitive" usage when requesting a quote: that single selection extends the policy's included crash and accidental damage coverage to races. If you already have a policy, you can add racing coverage through the client portal. Racing coverage is worth having because no other insurance policy covers the bike in a race, and in the heat of competition a crash does not have to be your fault to involve you.
- What does racing coverage pay for after a crash?
- The policy pays to repair crash damage to the bike, and the extras racers care about are included: riding apparel, including the kit, helmet, shoes, gloves, and sunglasses, is covered up to $500, and spare parts such as a race wheelset are covered up to $500 per loss with a $1,000 limit for the policy term. Fault does not matter: a crash caused by someone else's momentary lack of awareness is covered the same as your own mistake.
- Does the policy cover race entry fees and a rental bike?
- Yes. Race coverage brings entry fee reimbursement up to $500 and a $250 rental bike allowance for covered losses that happen more than 50 miles from home, so a stolen or damaged bike the night before an event does not have to end your race weekend.
- Is my bike covered when I fly to a race?
- Yes. The policy covers your bike for loss or damage in transit, including as checked baggage on a flight, where it passes through many hands that neither know nor care about high-value bicycles. That's protection the airline itself won't give you: most airlines exclude damage to sporting equipment from liability and allow only a short window for filing a claim. For events outside the US and Canada, optional worldwide coverage extends the protection to any country.
- What if I get injured in a race?
- Yes, if optional medical gap coverage is in place before the accident. It's independent of racing coverage on the bike, and reimburses your out-of-pocket share of the bills (deductible, copays, and co-insurance) until your health plan is paying in full. If you have no health insurance, it pays first instead, covering medical expenses from a bicycle injury up to the limit you selected. Racing is the riskiest riding most cyclists do, so set this up before the season starts.
- Is my bike covered in the race transition area?
- Yes. Theft from a secure event staging or transition area is covered, within a window of 24 hours before and after the event. Outside events, the standard theft coverage still protects the bike at home and away.
- Do USA Cycling, USA Triathlon, or IMBA members get a discount?
- Yes: active members of USA Cycling (USAC), USA Triathlon (USAT), or the International Mountain Biking Association (IMBA) receive a 10% discount. Select your membership when purchasing the policy and the discount is applied to every insured bike's premium. If you race sanctioned events, you are likely a member of your sport's governing body already, so the discount is there for the taking.
- Are Class 1, Class 2, and Class 3 e-bikes eligible for racing coverage?
- Yes, all three classes are eligible: Class 1 e-bikes are pedal-assist only with a maximum assisted speed of 20 mph, Class 2 are throttle-assisted up to 20 mph, and Class 3 reach assisted speeds up to 28 mph. Any e-bike with a maximum assisted speed of 28 mph or less can be insured, and the racing, transit, theft, and medical options work the same as they do for a conventional bike.
America's best bicycle insurance
If bike racing is your passion, bicycle racing insurance from Velosurance is an absolute no-brainer.