Bicycle insurance designed for the way you ride

Your bike is uniquely yours. You insurance policy should be too.

Transportation. Recreation. Fitness. Competition. Relaxation. Markel Specialty understands that each cyclist has a different reason for riding. And no matter what your reason is, we're here to provide you with customized insurance protection to fit your riding style.

Why do I need 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.

See how an average homeowners insurance policy stacks up against Markel Specialty bicycle insurance:*

Policy coverage

Average homeowners policy

Markel bicycle policy

Insured at full value**

Not likely

Yes

Crash damage

No

Yes

Theft coverage

Limited

Yes

Theft away from home

Limited

Yes

Vehicle contact protection

No

Yes

Personal liability

Yes

Yes

Replacement bike rental

No

Yes

Event fee reimbursement

No

Yes

Cycling apparel

Not likely

Yes

Medical payments

Not likely

Yes

Racing coverage

No

Yes

Spare parts insured

Not likely

Yes

Covered in transit

Not likely

Yes

Worldwide physical damage

Not likely

Yes

Roadside assistance

Not likely

Yes

Coverage for electric bikes

Limited

Yes

*Terms and conditions may vary. **Your homeowners coverage may not be designed to cover your bike at full replacement cost, typically actual cash value (ACV) is offered.

Don't wait until you file a claim to find out if you have the proper insurance protection for your bike. Get a free online quote today.

Charles C. | January, 2020

Bicycle insurance customer

"A teammate of mine asked about insurance for his bicycle and I told him Markel was the best I had found."

Valerie M. | September, 2019

Bicycle insurance customer

"Friendly helpful service, very informative. Such a great service for the toys we own. Didn’t realize something like this exists and affordable good coverage."

Travis K. | September, 2019

Bicycle insurance customer

"Good customer service, easy and straight forward sign-up. Great peace of mind for an expensive bike."

What does bicycle insurance cover?

Coverage for your bike

Bicycle physical damage insurance protection
Covers repairs or replacement of your bike if it is damaged or goes missing. You pick the value limit of your bike, and we can cover things like vandalism, crash damage, or a collision with another rider. We can even offer insurance protection to you while racing. Deductibles range from $200 to $500.

At no additional cost, bicycle physical damage insurance protection can also include:

  • Protection for spare parts and accessories - Up to $500 in coverage for spare parts and $500 for riding apparel per claim ($1,000 total per policy term).
  • Replacement cost coverage - Your bike is insured at full value.
  • Theft protection - At or away from home.
  • Transit protection - Protects your bike while it's in transit (by land/air) to and from a location within the United States and Canada.

Worldwide physical damage protection
We also offer worldwide physical damage insurance protection for when you travel outside of the US/Canada with your bicycle.

Coverage for you

Bicycle liability protection
Bicycle liability coverage helps protect you if you are responsible for injuries or property damage to another person or their belongings while using your bicycle. Limits range from $25,000 to $100,000.

Vehicle contact protection
This added coverage gives you the insurance protection you need in case you are hit by a vehicle that doesn’t carry the proper insurance protection to cover your losses.

Medical payments
Cover your medical costs if you are injured while riding–up to your policy limit. Limits range from $1,000 to $10,000.

Roadside assistance
With this coverage, you can get nationwide 24-hour emergency service with up to 35 miles of transportation per breakdown–all for only $12 a year per bicycle.

Special protection for competitive cyclists—at no extra cost!

Rental reimbursement
We offer coverage for renting a substitute bicycle if your bike is damaged or stolen while you are away from home and participating in an organized ride—up to $250 per occurrence.

Competitive event fee reimbursement
Helps cover nonrefundable prepaid entry fees up to $500 ($1,000 total per policy term) if your bike is involved in a covered accident, and you are unable to compete or participate.

NEW: We’ve expanded our electric bike insurance program.

Markel 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.

Documents
RESOURCES
From bicycle safety tips to a list of the top bike trails, find the information, advice, and resources you’ll need all in one place.
FAQ
FAQs
Bicycle insurance doesn’t need to be complicated. Explore our most commonly asked questions about bicycle insurance and get the answers you’re looking for.

Policies as low as $100 per year.

Get a fast, free online quote today and get the protection and peace of mind you deserve.

Or call 800-236-2453 to speak with a bicycle insurance specialist.

This content is provided for informational purposes only. Terms, conditions, and exclusions apply. Coverage is provided by one or more of the insurance companies under the Markel North America Insurance Group, including Markel American Insurance Company, Glen Allen, VA, and policyholder services are provided by the underwriting manager, Markel Service, Incorporated, national producer # 27585, in California dba Markel Insurance Services License#: 0645481. Terms and conditions for rate and coverage may vary by state and application. Insurance and coverage are subject to availability and qualifications and may not be available in all states. Coverage descriptions listed are intended to be brief and do not replace actual policy language. Markel Specialty is a business division of Markel Service, Incorporated. Markel® is a registered trademark of the Markel Corporation.