Velosurance bicycle insurance

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.

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500 NE Spanish River Blvd Suite 103C
Boca Raton, FL 33431
United States
+1 (888) 663 9948

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Bicycle commuter insurance

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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

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

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

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 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 over time, 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. We pay what you paid, minus the deductible.

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.

Why Velosurance is best for your E-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 CoverageHomeowner/Renters Policy
Insured at Full ValueYesPossibly
Crash DamageYesNo
Theft CoverageYesLimited
Theft by ForceYesNo
Theft of AccessoriesYesLimited
Theft Away From HomeYesPossibly
Vehicle ContactYesNo
Personal LiabilityYesPossibly
Permissive Use PolicyYesNo
Replacement Bike RentalYesNo
Event Fee ReturnYesNo
Cycling Apparel CoverageYesNo
Medical PaymentsYesPossibly
Racing CoverageYesNo
Coverage in-transitYesNo
USAC, USAT and IMBA Member DiscountYesNo

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.

Customer Stories

Client satisfaction is our #1 goal. Here's what our clients say about Velosurance

"Velosurance is truly a necessity for any cyclist who is serious about their bicycle. I don't have to worry about my bike as I know if anything happens I'm covered. Dealing with Denis and Dave is also fantastic as they answered all my questions and helped through the enrollment process. Give velosurance a shot, you definitely wont be disappointed. "

Julian D

Julian D

Miami, FL

"Excellent customer service and even better insurance. They were remarkable when I was involved in a case of vehicular violence (hit and run on my bicycle). I've recommended bicycle insurance to so many people, and it's always Velosurance. I'll use them for life. "

Chris R

Chris R

Los Angeles, CA

"This was my first ever insurance claim. I'm pleased to be able to say that your company did a wonderful job in helping me through the process. I recommend your company to all of my racing friends. Thanks for doing right by me! "

Bryan L

Bryan L

New York, NY

Check out Velosurance reviews to see what else 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.

Free instant quote

We never share your email
You can add more bikes later

Our mission

The Velosurance mission is to be fair to everyone involved, and to offer our best advice to clients so they can make an educated decision about their bicycle insurance coverage. We also like to ride as much as possible.

velosurance mission

We are riders too

Bicycle prices increase every year and cyclists who are serious about their sport are spending big money on high value bikes. Other forms of insurance, like homeowners and renters insurance, do a poor job insuring high value bicycles so we founded Velosurance to fix that.

Velosurance provides a stand-alone, no bike value depreciation, bicycle insurance policy to replace the cobbled together, sub standard coverages offered by traditional insurance.

We are cyclists just like you, and we understand that when your bike gets damaged in an accident you want the shortest possible downtime. We make it our mission to see that your claim check arrives before the repair parts do and you get back pedaling as soon as you want to.

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We are riders and insurance experts who give advice and share insights to educate fellow riders and keep them safe while on road or trail. We want you to become a better rider by helping you understand and manage risk associated with your lifestyle.

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Velosurance discounts

velosurance discounts

Members of USA Cycling, USA Triathlon, and International Mountain Bicycle Association (IMBA) receive discounts on Velosurance bicycle insurance products.

Velosurance provides bicycle insurance policies in the following states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, D.C., Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin.