If you ride a bicycle long enough, the inevitable will happen: you’re going to crash. One moment, you’re happily pedaling along, and the next thing you know, you’re looking up...
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.
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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 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.
Medical payments
If you’re hurt and require medical attention, our policy's optional purchase medical payments will take care of your medical bills, up to the selected 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 your ride if 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, 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.
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. We cover the insured bicycle for loss or damage while it's on its way to or from your destination by air or road. Even if it falls off a vehicle rack or is hit in a rear-end accident, it is covered, no arguments.
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 bike shops that are familiar with our process and can help you speed through your claim. If you prefer to work with your favorite shop, that works too.
Gear and apparel
If you go down in a crash, we cover the bike 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 year. 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 bike 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 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
We cover 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 the time of day or limitations on how long a bike can be stored away from home. 24/7/365 means every minute of every day, no matter where or when.
Standalone bike insurance
Our standalone policy does not piggyback on coverage provided by the policies you may already have, such as home insurance. A claim will not reflect on your insurance score and will not affect your rates with other insurance carriers. With home insurance rates in the USA going up every year, it’s prudent to reserve it 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 pay for medical expenses, physical therapy, mental health services, lost wages, and other expenses that arise from a bicycle-car accident.
Permissive use
You can lend the bike 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 cargo 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 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 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
"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 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.
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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.