Whatever your reason for switching from a car commute to a bicycle commute, there are a few things that new bicycle commuters often get wrong.
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.
E-bike insurance to cover the unexpected
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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 cause medical injuries to those involved. 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 bicycle-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.
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 Payments, 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 bicycle 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 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 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 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.
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
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
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
New York, NY
Check out Velosurance reviews to see what else people are saying about us.
Contact Us
'Convinced yet? Let's make something great together.
If you have any questions, don't hesitate to get in touch with us.'
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.
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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.
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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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.