Best insurance for your tricycle
Having insurance for your trike can offer financial security in the event of unforeseen accidents, theft, or damages. It doesn't matter if the incident is a minor mistake or a result of someone else's negligence, and whether it occurs while riding, at home, or during transportation.
Crash Damage
Your trike 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 tricycle 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 tricycle.
Why you need Velosurance for your tricycle
Tricycles are perfectly fit to urban lifestyles by offering a practical, cost-effective, and flexible mobility alternative. As trikes are primarily used on public roads, sidewalks and shared paths, unfortunate incidents such as accidents, thefts, and damages are quite prevalent and can lead to substantial repair or replacement costs. Considering that for some a trike is the primary mode of transportation, it's imperative to safeguard the investment with insurance coverage. Bicycle insurance provides coverage for trikes and offers a peace of mind by ensuring that you are protected against unforeseen events.
Tricycle crash damage coverage
Your tricycle is covered if it’s damaged in a crash. If it’s damaged in any accident, it’s covered.
Although riding a trike is not overly difficult due to its inherent stability and naturally lower speed, it does require some adjustments. Tricycles are less maneuverable than regular bicycles and have wider turning radii and longer braking distances. These differences become more pronounced when the trike is loaded with cargo. While minor accidents can be valuable learning experiences, more severe crashes can result in significant damage. In such situations, having insurance can be advantageous. Bicycle insurance provides a sense of security and can cover the cost of repairs or replacement for a tricycle. Our basic policy covers up to $500 for riding gear, such as helmets, gloves, shoes, sunglasses, and apparel, as well as spare parts up to $500 per loss, with a policy term limit of $1,000.
Tricycle theft coverage
If your tricycle is stolen from your home, car, workplace or any other secure location, it’s covered.
Similar to any other valuable possession, tricycles 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 trikes attractive due to their high value, exceptional popularity, relative 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, trikes 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.
America's best tricycle 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. Coverage limits offered: $25,000, $50,000 or $100,000 per occurrence.
E-trike 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.
Electric tricycle coverage
Electric tricycles are an excellent substitute for a vehicle in urban environments. With extended range, hill climbing ability, higher speeds and ability to carry substantial cargo, they can be operated without a driver’s license and by people with special needs.
Electric bikes have undoubtedly become a permanent fixture in the biking world, despite previously being a controversial topic. While electrification makes any bike more versatile and fun, trikes are particularly noteworthy because of their niche use-case. With the help of an electric motor, trikes can travel farther and faster while carrying heavy loads up steep hills. Due to their relative ease of operation and accessibility, they have become a viable alternative to a family car or SUV, especially for the elderly and those with limited mobility and special needs. Our policy covers electric bikes and trikes just like normal bikes. Additional optional coverages such as liability, medical payments, and vehicle contact protection are also available.
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 tricycle
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.
Customer Stories
Client satisfaction is our #1 goal. Here's what our clients say about Velosurance
"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."
Alex S
"I had a really great experience with Velosurance. I communicated with Dave and he was always helpful. It’s a really bad day when something gets stolen from you, in my case it was an $1,000 Trek road bike. I’m so thankful I had insurance on the bike. After paying the deductible I would say I got about 75% of that money back. Without insurance I would have gotten nothing. I recommend velosurance to all!"
Madison L
"Your representative, Dan Madsen, was very efficient and fast on following up on my claim. This was the first time I had insurance on my bike and wondered all along about if I ever have a claim, how well it was going to be handled. Well, it was handled so well that I am recommending Velosurance to all my cyclist friends! Once I receive my new bike, I will be adding Velosurance insurance to it. Thanks to Dan and Velosurance for successfully taking care of my claim on a timely matter."
Laura G
Check out Velosurance reviews to see what people are saying about us.
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America's best tricycle insurance
The bicycle insurance policy protects you and your trike from all cycling risks like crashes, theft, medical expenses, or personal liability.