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 insurance for your electric bicycle.
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. Select any coverage to see the details.
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.
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 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.
E-bike liability insurance →If you’re hurt and require medical attention, our optional medical gap will take care of your medical bills, up to the selected limit. The payments are paid directly to you to supplement the deductible of your personal health insurance policy.
Medical gap insurance →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.
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.
Uninsured motorist insurance →We cover all electrically assisted Class 1, 2, and 3 bikes with a maximum assisted speed of 28 mph. All protections available for conventional bicycles also apply to electric ones.
E-bike insurance →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.
Bicycle travel coverage →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.
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.
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.
In the heat of a race, the focus on speed often outweighs concerns for safety, leaving little margin for error. If you go down in a crash, this optional coverage takes care of repairs or replacement. If you use your bike in a competitive environment, this is a no-brainer because it offers protection in the highest-risk category.
Bicycle racing insurance →If your travels take you beyond the USA and Canada, for a small additional premium, this option extends the physical loss and damage protection, including loss or damage caused by an airline, to any country in the world.
International coverage →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.
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.
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 bicycle coverage, 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.
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Frequently Asked Questions
- Which e-bike classes does Velosurance insure?
- All three classes. Class 1 e-bikes are pedal-assist only, with no throttle, and a maximum assisted speed of 20 mph; Class 2 e-bikes are throttle-assisted with the same 20 mph maximum; and Class 3 e-bikes are pedal-assist, may have a throttle in many states, and reach assisted speeds up to 28 mph. Any e-bike with a maximum assisted speed of 28 mph or less qualifies, including e-MTBs, and all three classes get the same all-risk, stated-value policy.
- How much does e-bike insurance cost?
- A Velosurance e-bike policy starts at $100 per year, and most riders pay between $100 and $300 a year, roughly $9 to $25 a month. The insured value drives the premium more than any other factor: an e-bike valued at $1,000 to $2,000 typically runs $100 to $150 a year, while a model above $4,000 runs $250 to $400. Insuring an e-bike costs no more than insuring a pedal-power bike of the same value, and multi-bike and cycling association discounts lower the premium further.
- What does an e-bike insurance policy cover?
- The core policy is all-risk: theft from your home, car, workplace, or any other secure location; crash and accidental damage on a road or trail, in a group ride, or in a race; and damage or loss while your e-bike is transported by car or in the possession of an airline or a common carrier like FedEx or UPS. Riding gear and apparel are covered up to policy limits. Optional coverages include personal liability up to $500,000, medical gap, uninsured motorist, and worldwide coverage.
- How is my e-bike valued after a total loss?
- Your e-bike is insured at its full stated value, and that value never depreciates. In a total loss you are reimbursed based on the bike's purchase price, even if the bike has lost market value since you bought it, so you can replace it with a bike of similar value. Because it is a standalone policy, a claim will not raise the rates of any other insurance you carry.
- How much liability coverage can I add?
- Liability limits from $25,000 up to $500,000 are available as optional coverage. If you are named in a lawsuit, the coverage acts as your legal defense fund and pays for injuries or damage up to the policy limit, and you do not have to be at fault to be sued. It also covers property damaged in battery-related incidents, which matters now that many property managers require high-limit liability insurance from e-bike owners.
- Does the liability coverage apply if my e-bike starts a fire?
- Yes. Cyclist liability coverage includes protection for property damaged in battery-related incidents, so if a lithium-ion battery goes into thermal runaway and the resulting fire damages someone else's property, the coverage responds up to your policy limit and pays for your legal defense if you are sued. This is the exact scenario behind the growing number of property managers who require high-limit liability insurance from e-bike owners, and limits up to $500,000 are available to meet those requirements.
- Is my e-bike covered when I travel?
- Yes. The policy insures you anywhere in the US and Canada, and optional worldwide coverage extends protection to rides anywhere in the world. Your e-bike is also covered in transit, whether it is on your car rack, checked with an airline, or shipped with a courier, so getting to the ride is insured along with the ride itself.
- Can I insure my kid's or teenager's e-bike?
- Yes. Any e-bike listed on your policy is insured no matter who its primary rider is, and since a minor cannot hold their own insurance policy, a parent's policy is the way to cover a kid's or teen's e-bike until age 18. Coverage follows the bike, so your child is covered automatically whenever they ride it with your permission, at no extra premium, and elected liability coverage protects both your teen's and your own legal liability. One thing to watch: make sure your rider meets your state's rules, since most states set a minimum age of 16 for the fastest e-bikes and some require helmets for riders under 18.
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America's best insurance for electric bikes
No matter where your adventures take you, protect your e-bike and yourself from the unexpected with America's insurance for cyclists.