Best insurance for your electric bike
Whether the accident is a simple mishap or a someone's negligence, and if it happens on a ride, at home, or in transit, it's covered.
Insured at full value
Your e-bike is worth to us what it’s worth to you. We do not depreciate your e-bike so in case of a total loss you can get yourself a bike of similar value
Crash Damage
Your e-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.
Theft Coverage
If your e-bike is stolen from your home, car, workplace or any other secure location, it’s covered.
Velosurance for electric bikes
One of the unfortunate possibilities is being involved in accidents that result in damage to your e-bike or result in injuries and medical expenses. The Velosurance cyclist policy insures against accidental damage to the bike, and the optional liability coverage defends the rider against injury or damage claims. Home and renters insurance policies aren’t designed to specifically provide bike coverage and many of them exclude coverage altogether if the bike has an electric motor. One way to plan for the unexpected during your ride is to solicit help from someone who has experience with unexpected cycling situations.
Avid cyclists, the founders of Velosurance recognized the need for insurance protection that is specific to a rider’s needs, whether a bicycle is electric-assist or pedal-power. Our policies are highly customizable and intended to protect riders from the risks associated with their lifestyle. Coverage is available in the US to insure all Class 1, 2, and 3 e-bikes capable of a maximum top speed of 28 MPH. The policy insures the cyclist anywhere in the US, Canada, or anywhere in the world with optional Worldwide Coverage.
Insured at full value
Your e-bike is worth to us what it’s worth to you. We do not depreciate your e-bike so in case of a total loss you can get yourself a bike of similar value
Unlike traditional insurance policies that often factor in depreciation, we recognize the value of bicycles, including e-bikes, and ensure that policyholders are made whole in case of a claim. This means that even if the e-bike has depreciated in value since its purchase, Velosurance will reimburse the policyholder based on the bike's purchase price.
Because it's a standalone policy, claims do not impact the rates of homeowners or renters insurance policies you may already have. This means that filing a claim with Velosurance for a bike-related incident will not result in increased premiums or policy adjustments for other types of insurance coverage.
E-bike bike crash damage coverage
On a road or trail, a group ride or a race, if it’s damaged in an accident, it’s covered.
Accidents are one of the only downsides of biking. While it’s most common for novice and intermediate riders to be involved in a crash, even the most experienced of riders are bound to suffer an occasional wipeout. A policy from Velosurance provides comprehensive coverage for e-bikes (including e-mtb), providing reliable coverage for crashes and accidental damage.
Whether your e-bike sustains damage due to a fall, collision, or unforeseen circumstances, Velosurance takes care of the expenses incurred in restoring your bike to its pre-damage condition. In fact, you don't have to be riding the bike for the damage to occur: the bike can be damaged when being transported by a car or in possession of an airline or a common carrier, like FedEx or UPS.
E-bike theft coverage
If your e-bike is stolen from your home, car, workplace or any other secure location, it’s covered.
We go above and beyond to offer comprehensive coverage for e-bikes against theft, ensuring peace of mind for owners whether they are at home or away.
When it comes to theft at home, we cover e-bikes that are securely stored within the premises. Should a theft occur, policyholders can confidently file a claim and provide the necessary documentation, such as a police report, to support their case.
Whether an e-bike is stolen from a public location, while locked up outside, or even taken from a locked vehicle, it is covered. To mitigate the risk of theft, policyholders are encouraged to employ precautionary measures like using high-quality locks and following best practices for securing their e-bikes.
Up to $500,000 in liability coverage
Offering protection and confidence to riders in an increasingly complex environment.
E-bikes have changed how we have fun and commute. In doing so, they also increased our exposure to liability risks. Accidents involving pedestrians and motor vehicles have become a significant concern. Collisions often result in injuries, property damage, and, inevitably, legal disputes. Unfortunately, you don’t have to be at fault to be sued, and if you are, you have to defend yourself. If you’re named in a lawsuit, this coverage will act as your legal defense fund and pay for injuries or damage up to the policy limit.
Even though lithium-ion batteries that power e-bikes are considered safe, like any technology, they carry some risks. In some environments the batteries can be susceptible to thermal runaway resulting in spontaneous combustion that is extremely difficult to extinguish Several residential fires have put property managers on alert and now many require high-limit liability insurance from e-bike owners. Cyclist liability coverage includes protection for property damaged in battery-related incidents.
We cover Class 1, 2, and 3 e-bikes
Most states in the USA follow the Federal government's definition for what defines an electric powered bicycle, most commonly termed as e-bikes, and e-bikes are classified with a simple, straightforward approach known as the “3-Class” system. A Velosurance e-bike policy is available to cover Class 1, 2, and 3 e-bikes with an all risk, stated value policy that does not depreciate the bike value no matter when the bike was purchased. Medical Gap Insurance, Personal Liability, and Uninsured Motorist limits are available as optional coverage.
Class 1
E-bikes (and E-MTBs) that are pedal-assist only, with no throttle, and have a maximum assisted speed of 20 mph
Class 2
E-bikes that have a maximum speed of 20 mph as well, but are throttle-assisted.
Class 3
E-bikes that are pedal-assist, may have throttle (in many states), and a maximum assisted speed of 28 mph.
We cover all popular e-bikes
The cost to insure an electric bike is no different than insuring a pedal-power bike and the Velosurance cyclist policy offers the same coverage to both bike types. If you expect to be spending a bit of time in the saddle and want to ride with peace of mind of knowing you’re covered for a myriad of situations, consider bike insurance.
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 E-bike insurance
No matter where your adventures take you, protect your e-bike and yourself from the unexpected with America's best e-bike insurance.