Velosurance bicycle insurance

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.

Contact Info
500 NE Spanish River Blvd Suite 103C
Boca Raton, FL 33431
United States
support@velosurance.com
+1 (888) 663 9948

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How we compare

See how Velosurance compares to other bicycle insurance offerings

Velosurance on google reviews
62 reviews

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You can add more bikes later
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Not all policies provide equal coverage

A policy is only as good as the coverage it provides.

VELOSURANCE
SUNDAYS
OYSTER
BIKEINSURE
HOMEOWNERS
Insured at full value
Insured at full value
Yes
No
Limited
Limited
No
Crash damage coverage
Crash damage coverage
Yes
Limited
Yes
Limited
No
Theft coverage
Theft coverage
Yes
Limited
Yes
Limited
Limited
Theft of accessories
Theft of accessories
Yes
No
Yes
Yes
Limited
Theft by threat/use of violence
Theft by threat/use of violence
Yes
No
Yes
No
No
10+ years as a specialty bicycle insurer
10+ years as a specialty bicycle insurer
Yes
No
No
No
No
USAC, USAT and IMBA member discount
USAC, USAT and IMBA member discount
Yes
No
Yes
Limited
No
Class 1,2,3 E-bike coverage
Class 1,2,3 E-bike coverage
Yes
Yes
Yes
No
No
Bikes loaned to anyone covered
Bikes loaned to anyone covered
Yes
No
Yes
No
No
Rider staffed customer service
Rider staffed customer service
Yes
No
No
No
No

Velosuance vs. homeowners/renters insurance policy

Homeowners policies provide very limited coverage for high-value bikes

Velosuance vs. homeowners/renters insurance policy

Homeowner policies cover the bike for it’s actual cash value (ACV), which means the depreciated value of the bike at time of loss, add to that, each home insurance policy has a deductible that is applied to each and every claim. Deductibles in a home insurance policy typically range from $500 to $2,000. No-one is ever happy when a claim is adjusted using ACV valuation because as the bike gets older its value decreases and a claim for a five year old $5,000 bike after depreciation and the deductible is applied could result in a reimbursement of less than $1,000 to replace a $5,000 bike.

To avoid a bike claim from affecting your home insurance rates it makes sense to cover bikes with a stand alone insurance like a policy from Velosurance that does not depreciate the bike’s insured value so the reimbursement for a stolen bike is for the amount declared in the policy, minus your chosen deductible, no arguments. A policy from Velosurance covers bikes and e-bikes for theft from your home as well as away from home when the bike is left unattended and secured to an immovable object with a bike lock. Most stolen bikes were secured with a cable lock and while this type lock complies with the policy from Velosurance cable locks are not recommended.

Specialty bike and e-bike insurance, like a policy from Velosurance, protects the policy owner from the financial loss related to a total loss of the bike (think theft) or all types of damage sustained in a crash. It is very easy to run up a substantial bike shop repair bill from even the smallest accident. The policy is very straightforward when it comes to reimbursement for accidental damage; if the bike is damaged in an accident, no matter how the accident happens, it is covered. The advantage of a stand alone bike and e-bike policy is that unlike a home insurance policy that only covers the bike for fire and theft, the policy from Velosurance covers the bike for all accidental damage as well as theft of the bike or theft of parts from the bike.

Velosuance vs. Others

It often takes a claim to find out what's actually covered.

Unlike competitors such as Sundays, we do not depreciate the bike with age and it is always covered for its full insured value, does not matter the age. If your bike insured for $5,000 gets stolen after 5 years, you will still be reimbursed $5,000 minus the deductible. While a policy from certain competitors will depreciate your bike at a rate of 10% each year, and in 5 years you will only get $2,500 minus the deductible reimbursed.

Unlike some of our competitors, we do not require you to make a homeowner or renter insurance claim first. A claim against our policy, which is primary coverage, will not affect your home owners/renters rates.

Before choosing the policy, please make sure that your potential insurer will cover the case when, for example, just your wheels are stolen. Some competitors (like Sundays) require your entire bike to be stolen to be able to file a theft claim.

Unlike some of our competitors, we cover your bike even if you let a friend or family member to ride it.

Some of our competitors (like Sundays) will deny a theft claim if you did not secure the bike with an "approved" lock. With our policy you can use any bike lock you like and trust.

Unlike with some of our competitors, you are covered if the bike was taken from you by force or threat of force.

Customer Stories

Client satisfaction is our #1 goal. Here's what our clients say about Velosurance

"I've been using Velosurance for about ten years now. I am very happy with the coverage and the claim process. I have made a few claims and each time they have been very helpful and easy to work with. On top of that, they have the easiest website to use. It is the easiest insurance company I've worked with when it comes to making changes and updates. "

Matt F

Matt F

Miami, FL

"I bought my policy to protect against the wave of crime in DC. Little did I know I would be collecting for a full bike replacement, plus my helmet and jersey after a head-on collision. Keep all your receipts and the claims team will make it easy. Buy the medical insurance even if you have good personal insurance. My out-of-pocket has been high. Great company. Strongly recommend. "

Chris R

Chris R

Los Angeles, CA

"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

Thomas B

New York, NY

Check out Velosurance reviews to see what else people are saying about us.

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888-663-9948

America's best bicycle insurance

No matter where your adventures take you, protect your bike and yourself from the unexpected with America's best bicycle insurance.

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We never share your email
You can add more bikes later