Best insurance for bicycle commuters
Whether the accident is a simple mishap or a someone's negligence, and if it happens during a commute, at home, or in transit, it's covered.
Theft Coverage
If your bike is stolen from your home, car, workplace or any other secure location, it’s covered.
Liability Coverage
We will protect you from personal liability (injury, sickness, death, or damage to property) you cause while riding your bike.
Crash Damage
Your bike is covered if it’s damaged in a crash. On a road or trail, a group ride or a race, if it’s damaged in an accident, it’s covered.
Velosurance for bike commuters
As a commuter you reap countless benefits by switching from a car to a bicycle, ranging from improved cardiovascular and mental health to cost savings and a decreased carbon footprint. With the switch you trade many annoyances of cars, such as traffic and challenges finding parking, for cycling-specific concerns like the risk of theft and having to share paths with pedestrians and roads with cars.
Our bicycle insurance policy is designed with commuters in mind: other than addressing the primary concerns such as theft and accidental damage, we also offer the much needed optional coverages of medical gap, liability and vehicle contact protection. While important for nearly all riders, these coverages are especially critical for commuters to protect against the financial hardship of medical bills or being sued for injuring a pedestrian or colliding with a car.
Whether you’re a student or a professional, a city dweller or a suburb resident, our policy can be customized to address your specific risks so you can pedal with a peace of mind that you’ll be protected no matter what happens.
Protect your ride from theft
Bicycle theft is big business, with thefts numbering around 300,000 each year. Unlike with automobile theft, virtually no bicycles get recovered. With bicycling now more popular than ever, thieves are reaping the benefits from owners who use subpar locks to secure their bikes. The proliferation of battery operated power tools has made snatching a locked bike an easy task, even for amateur bike thieves.
As a bicycle commuter, you put your bike at significantly more risk of theft than virtually any other bicycle rider. City streets are the most likely place for a bike to be stolen but outlying neighborhoods are not too far behind. To make matters worse, in recent years bicycle theft by force, or threat of force, has become common. If this ever happens to you, it is recommended to surrender the bike without resistance and avoid becoming an assault victim; no bike is worth your welfare. A bicycle insurance policy by Velosurance is a solid additional layer of protection for all bicycle commuters. The policy covers the bike for theft as well as damage from a failed theft attempt. When the best security fails, you can count on Velosurance to get you pedaling again.
We cover all types of commuter bikes
When choosing a commuter bike is critical to ensure that it’s safe, comfortable and practical for the type of riding you plan on doing. From hybrids and fixies, to folding e-bikes and cargo bikes, the beauty of commuting is that you can do it on almost any bike. Some bikes are a better fit than others, but be assured that no matter what kind of bike you ride, it’s covered.
Liability coverage for bike commuters
By definition personal liability is triggered in the event of an accident, at your home or away from home, that results in injury to a person or property damage for which you become legally responsible for. Some examples of cycling personal liability claims are: medical bills that result from a person’s injury caused by you when riding your bicycle. Liability lawsuits seek to recover medical costs and other damages such as lost wages, and might also include property damage such as damage to an automobile. Liability lawsuits are brought about as a result of your negligent acts while riding your bike. A defense attorney charges up to $500 per hour, with a $15,000 retainer, to defend a personal liability lawsuit. The liability coverage in a bicycle insurance policy will cost around $90 per year for each insured bicycle, and includes the cost of a law firm to defend you. We buy insurance for the unexpected, including cyclist liability along with physical loss coverage in a bicycle insurance policy is money well spent, especially if you share the road with others.
Most home insurance policies cover your personal liability when riding a pedal power bicycle and will defend you against a liability lawsuit, but this is not the case if your bicycle is electric powered. Home insurance companies strictly exclude “motorized vehicles” from the personal liability section of the home insurance policy and because an e-bike has an electric motor the home insurance companies consider the e-bike to be a “motorized vehicle” so an e-bike is always excluded from a home insurance policy coverage.
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.
Total loss by theft
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.
Any crash or accidental damage
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 shop or yours
When filing a claim, you’ll need to provide a repair estimate from a repair shop. We have a nationwide network of partner shops familiar with our process to help you move things along quickly. Prefer your favorite local shop? That works too.
Gear and apparel
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.
Your choice of lock
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.
No depreciation
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.
24/7/365 coverage
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.
Standalone bike insurance
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.
Permissive use
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.
Why Velosurance is best for your E-bike
Not all types of insurance are created equal. Velosurance levels the playing field by offering stand-alone bike insurance, 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.
Customer Stories
Client satisfaction is our #1 goal. Here's what our clients say about Velosurance
"I had a really great experience with Velosurance. I communicated with Dave and he was always helpful. It’s a really bad day when something gets stolen from you, in my case it was an $1,000 Trek road bike. I’m so thankful I had insurance on the bike. After paying the deductible I would say I got about 75% of that money back. Without insurance I would have gotten nothing. I recommend velosurance to all!"
Madison L
"Your representative, Dan Madsen, was very efficient and fast on following up on my claim. This was the first time I had insurance on my bike and wondered all along about if I ever have a claim, how well it was going to be handled. Well, it was handled so well that I am recommending Velosurance to all my cyclist friends! Once I receive my new bike, I will be adding Velosurance insurance to it. Thanks to Dan and Velosurance for successfully taking care of my claim on a timely matter."
Laura G
"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
Check out Velosurance reviews to see what people are saying about us.
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America's best bicycle commuter insurance
No matter where your duties take you, protect your commuter-bike and yourself from the unexpected with America's best bicycle insurance.