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About Canyon

Canyon was founded in 1985 in Koblenz, Germany by Roman Arnold, initially as a mail-order parts business called Radsport Arnold. The company began building complete bicycles under the Canyon name in 1996 and committed to a single distribution model: direct-to-consumer, factory to rider, with no bike-shop middlemen. The pitch was margin compression in the customer's favor, and it built Canyon into one of Europe's largest bicycle brands within two decades. Engineering is centered on carbon fiber, with the company operating its own R&D and prototyping facilities at the Koblenz headquarters. Canyon's aero road platform (Aeroad), all-around climbing platform (Ultimate), and triathlon platform (Speedmax) are designed in-house and produced in Asia under Canyon-supervised tooling. The brand was acquired by Groupe Bruxelles Lambert, a Belgian holding company, in 2020; Arnold retains a minority stake. Canyon's racing program defines its public identity. Movistar Team has raced on Canyon road bikes since 2014, with Nairo Quintana podiuming multiple Grand Tours on the Ultimate. Alpecin-Deceuninck riders Mathieu van der Poel and Jasper Philipsen race the Aeroad, with van der Poel taking the 2023 UCI Road World Championship and the 2023 Paris-Roubaix, and Philipsen claiming the 2024 Tour de France points classification. Canyon entered the US market in 2017 and now ships to more than 100 countries.

Most popular Canyon models

Canyon's lineup covers every drop-bar and flat-bar discipline a serious rider buys, anchored by carbon platforms designed around the demands of WorldTour racing and adapted downward to the consumer price ladder. The road family leads with the Ultimate, a climbing-first all-rounder ridden by Movistar Team, and the Aeroad, the aero race bike that carried Mathieu van der Poel to the 2023 World Championship. The Endurace adds longer reach geometry and 35mm tire clearance for all-day comfort. The Grizl is Canyon's gravel platform with clearance up to 50mm. Off-road, the Spectral is the 150mm-front / 140mm-rear trail bike that anchors the MTB line, with the Spectral:ON adding a Bosch Performance Line CX motor for e-MTB riders. The Speedmax CF SLX is Canyon's triathlon superbike, the platform Jan Frodeno used to win multiple Ironman World Championships. Riders who race or train on an Ultimate, Aeroad, or Endurace carry replacement values that homeowner's policies typically cap below, which is where dedicated road bike insurance fills the gap.

Why Velosurance

Why Velosurance is best for your Canyon

Not all insurance is created equal. Velosurance is stand-alone bike coverage — claims won't touch your homeowner's or renter's premium.

A-rated
A.M. Best underwriter
$8/mo
Starting premium
4.9★
234 Google reviews
15
years in business

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.

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 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 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 shops familiar with our process to help you move things along quickly. Prefer your favorite local shop? That works too.

Gear and apparel

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.

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 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.

24/7/365 coverage

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.

Standalone policy

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.

Permissive use

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.

Why Velosurance is best for your bicycle

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 CoverageHomeowner/Renters Policy
Insured at Full ValueYesPossibly
Crash DamageYesNo
Theft CoverageYesLimited
Theft by ForceYesNo
Theft of AccessoriesYesLimited
Theft Away From HomeYesPossibly
Vehicle ContactYesNo
Personal LiabilityYesPossibly
Permissive Use PolicyYesNo
Replacement RentalYesNo
Event Fee ReturnYesNo
Cycling Apparel CoverageYesNo
Medical PaymentsYesPossibly
Racing CoverageYesNo
E-bikesYesNo
Coverage in-transitYesNo
USAC, USAT and IMBA Member DiscountYesNo
 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.

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

J
Jeffrey M
2 months ago
My bike got stolen Tuesday night after business hours, by Friday morning, I had the money in my bank for the claim. Amazing experience!
Roy P
Roy P
3 months ago
I cannot express how satisfied I have been with my ebike insurance through Velosurance. Unfortunately, I had a claim after just purchasing my Cyhunter dual battery ebike. But Velosurance did not waste a moment in handling my claim and I wouldnt go to any other ebike insurance company.
M
Manoela B
3 months ago
It was very easy to file my claim with Velosurance. Just make sure you take pictures of the bike and send them the serial number, together with the receipt.
Alex S
Alex S
3 months ago
Incredibly easy experience making a claim which made the overall upsetting situation of having my bike stolen much less painful than it otherwise would have been.

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

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America's best bike insurance

Velosurance was created to give our fellow riders insurance that actually covered their lifestyle and peace of mind that no matter what happens on the road or trail, there would be a helping hand to get them back in the saddle.

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