We’ve expanded our electric bike insurance program.
We now offers coverage for three classes of e-bikes:
- Pedal assist e-bike with top assisted speed of 20 mph
- Throttle assist e-bike with top assisted speed of 20 mph
- Pedal assist e-bike with top assisted speed of 28 mph
Electric bike motors must be 750 watts or under.
Why do I need E- bike or bicycle insurance?
Think your homeowners or renters insurance properly covers your bike? Think again. If you ever need to file a claim, you may be shocked to discover that your current policy is filled with exclusions and restrictions that limit what you can get in replacement costs for your damaged or stolen bike.
While it may be true that homeowners insurance personal property coverage could provide support for bicycle theft, some homeowners policies may have low coverage limits for things like sporting goods equipment. A low coverage limit combined with a high deductible means bicycle owners may be faced with the majority of the cost to replace their bikes. That's why having a separate bicycle insurance policy can provide better coverage for your bike.
How much does E-bike insurance cost?
E-bikes are fun, but what isn’t fun is when something unexpected happens. Because e-bikes are faster and heavier than bicycles, they pose a greater risk of being more dangerous. Safety should be a top priority any time you are riding your e-bike and that means protecting yourself and others should a mishap occur.
You may be surprised to learn that e-bike insurance isn’t as expensive as you think. The cost of e-bike insurance is nominal compared to what you may have to pay out of pocket if there is an incident involving your e-bike and you aren’t properly insured.
Without specialized e-bike insurance protection, you could face devastating and catastrophic financial liabilities. Simply put, e-bike insurance is well worth the cost should you ever need to make a claim.
Typical E-bike insurance pricing
As far as pricing, e-bike policies are considerably less expensive than motorcycle or car insurance, and less complicated too. The cost of e-bike insurance depends on certain variables, such as the type of e-bike you have and its value, the coverage options selected, and your deductible.
Policies start as low as $100 per year.
Customizable options
E-bike policies can also be customized to fit you and your riding style. Coverages include protection for damage caused by theft, crash, collision, fire, attempted theft, vandalism or hitting another object. Coverage of spare parts, cycle apparel, and rental reimbursement are also included at no additional cost.
Additional optional coverages include: liability coverage to cover the costs for a third party in case of injuries or property damage caused by the insured cyclist; medical payments to cover medical costs of the insured cyclist associated with a cycling accident; and vehicle contact protection for medical costs of the insured cyclist associated with accidents caused by an automobile. Additionally, roadside assistance is available, providing the cyclist a service vehicle ride of up to 35 miles.
Coverage brings peace of mind
Taking in all the factors above, insurance policies designed for e-bikes offer a range of coverages so you can feel confident and secure on the road. The peace of mind that comes with knowing you are protected is priceless.
Now that you’re more informed, consider protecting your e-bike with specialized bicycle insurance. Your e-bike is an investment and you want to make sure you have adequate coverage for theft or damage. Electric bike insurance provides coverage between auto, home and renters insurances where there are often gaps and fine print exclusions.
Each policy can be customized to fit you and your riding style. Coverages can include protection for damage caused by theft, crash, collision, fire, attempted theft, vandalism or hitting another object. Coverage of spare parts, cycle apparel, and rental reimbursement can also be included at no additional cost. Policies start as low as $100 per year.
Take action today and get a free, no-obligation quote to help protect yourself and your e-bike.
Why we're different
You may think you want the cheapest insurance you can find, but cheap isn't everything.
While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy that actually covers you.
There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
Contact us today, and we'll help you protect what matters most.
