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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.
America's best tricycle insurance
The bicycle insurance policy protects you and your tricycle from all cycling risks like crashes, theft, medical expenses, or personal liability.
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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.
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.
Liability protection
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.
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 tricycle
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
"I was extremely satisfied when I had to file a claim for an accident that damaged my bike frame. After submitting the bike shops report and estimate, a check arrived in the mail within a few days. I also appreciate having roadside service available. They clearly are an honest and reputable company. "
Luke R
Dallax, TX
"I have been using Velosurance for a few years now and have received nothing but top-notch service. Thankfully I have only had to file claims a couple of times and each time I have received very fast reimbursements for both medical and bike repair costs. "
Joshua S
Boulder, CO
"In three years I made two Velosurance claims and both were paid within a week and for exactly the cost of repair to my bike. I ride an $8k bike and having insurance helps me sleep better at night knowing that this insurance will reimburse me if someone broke into my garage and stole my bike. "
David H
Miami, FL
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 tricycle insurance
The bicycle insurance policy protects you and your trike 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.