The difference between a good cyclist and a great cyclist is explosive power. No matter what cycling discipline you participate in, explosive power is a secret weapon for advancing in...
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.
Cargo Bike Insurance
The bicycle insurance policy protects you and your cargo bike from all cycling risks like crashes, theft, medical expenses, or personal liability.
Velosurance on 
Free instant quote
customer rating on
Best insurance for your cargo bike
Having insurance for your cargo bike can offer financial security in the event of accidents, theft, or damages.
Crash Damage
Your cargo bike is covered if it’s damaged in a crash. If it’s damaged in an accident, it’s covered.
Theft Coverage
If your cargo 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 cargo bike.
Why you need Velosurance for your cargo bike
Cargo bikes are built for urban lifestyles, effectively providing a more efficient, economical and agile car replacement for many owners. Since cargo bikes are ridden predominantly on public roads and shared paths, accidents, thefts, and damages are all too common and often result in pricey repairs or outright replacement of the bike. Considering the important role a cargo bike plays in your family or business, it's crucial to protect the investment with insurance. With bicycle insurance, you can rest assured that you're covered in the event of unexpected circumstances.
Cargo bike crash damage coverage
Your cargo bike is covered if it’s damaged in a crash. If it’s damaged in an accident, it’s covered.
Riding a cargo bike may not be particularly difficult, but it does require some adjustment. Cargo bikes are not as nimble as regular bicycles, they have significantly wider turning radii and longer braking distances. These characteristics become more pronounced when the bike is loaded with cargo. While minor crashes can be viewed as learning opportunities, more serious accidents can result in significant damage. In such instances, having insurance would be beneficial. Bicycle insurance can provide peace of mind and cover the cost of repairs or replacement for a damaged bike. Our basic policy covers up to $500 for riding apparel, gloves, shoes, sunglasses, and helmets, as well as spare parts up to $500 per loss, with a policy term limit of $1,000.
Cargo bike theft coverage
If your cargo bike is stolen from your home, car, workplace or any other secure location, it’s covered.
Similar to any other valuable possession, cargo bikes are susceptible to theft. There are several methods of stealing cargo bikes, including theft from homes or garages, or stealing them from public parking areas or garages. Thieves find cargo bikes attractive due to their high value, unique appearance, rarity, or because they are comparatively easy to sell. To prevent theft, it is crucial to secure your bike with a sturdy lock, store it in a secure location, and take precautions while transporting it. However, even with the best precautions, bikes can still be stolen. In such instances, having insurance for your bike can provide financial protection and minimize downtime by helping to cover the cost of replacement.
Liability coverage
We will protect you from personal liability (injury or property damage) you cause while riding your cargo bike.
There are several advantages to cycling in the city, which involves riding on city roads, sidewalks, and shared paths. Once you get familiar with riding in the city, you’ll be able to reach your destination faster than by car almost every time, easy parking is just an added bonus. However, biking in the city also comes with a relatively high risk of injury, which riders must acknowledge before taking to the streets. Even minor injuries become more likely with frequent riding, and there is always the possibility of a severe injury that requires extensive medical attention. It is not advisable to ride without adequate health coverage, as even a broken collarbone or torn ligament can result in substantial medical bills. To mitigate these risks, Velosurance offers medical payment coverage as an option, which covers the remaining medical expenses not covered by primary health insurance, including deductibles and copays.
America's best cargo bike insurance
Our policy offers a wide range of optional coverages to eliminate or minimize risks of cycling lifestyle.
Any Accidental Damage
The cyclist insurance policy will pay to replace the bike when the bike is accidentally damaged beyond repair. If the damage can be repaired, the policy will pay all the costs associated with the repair. Cosmetic damage is excluded.
Liability Coverage
We will protect you from personal liability (injury, sickness, death, or damage to property) you cause while riding your bike.
E-cargo 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.
E-cargo bike coverage
Our normal coverages also extend to e-bikes, including electric cargo bikes.
There's no denying that electric bikes are now a permanent fixture in the biking world, despite being a controversial topic in the past. Among all the bikes that benefit from electrification, cargo bikes are particularly noteworthy. With the assistance of an electric motor, cargo bikes transform into the ultimate city machines, enabling riders to travel farther and faster and carry the heaviest of loads up steep hills. As a result, they can now be considered a feasible alternative to a family car or SUV. Velosurance provides insurance policies that cover theft and accidental damage for Class 1, 2, and 3 electric cargo bikes, with additional options such as liability, medical payments, and vehicle contact protection.
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, $300,000 or $500,000 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 cargo 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 was speedy, responsive and very clear on claims procedures. I am writing this review with a sense of gratitude as service was beyond my expectations and the speedy reimbursement resulting from the claim helped me get back on the saddle. "
Leonardo C
Jacksonville, FL
"Helped out when my newish electric bike was stolen. Worried about a big $$ loss and bummed out. They Guided me through process and was issued check for full replacement! So glad I had this insurance co. "
Michael G
Denver, CO
"I purchased coverage on my ebike mainly for the theft protection. After being in a accident the company was very timely in reimbursing me for my covered medical expenses & bike repair costs. "
Philip G
San Francisco, CA
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 cargo bike insurance
The bicycle insurance policy protects you and your cargo bike from all cycling risks like crashes, theft, medical expenses, or personal liability.
Free instant quote
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.
Most popular articles
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.
Read More
Why an e-bike is a better electric vehicle
While it isnt a direct replacement for a car, more people should consider purchasing an e-bike rather than another EV.
Read More
12 commuting mistakes
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.
Read More
How to ride faster
Whether you are a road, gravel, or mountain biker, we all want to go faster. Any cyclist will tell you that a critical component to progressing as a rider is...
Read More
Ten reasons to ride your bike early in the morning
Surveys show that of Americans who regularly work out, over 50% report that their workout occurs before 10:00 A.M.
Read More
The most popular ways to travel with an e-bike
E-bikes are here to stay, as seen by a nearly 40% surge in e-bike usage since the pandemic ended, with much of that usage taking place on cycling vacations.
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.