Electric bike insurance for your specific needs
Your e-bike has unique advantages. Your bicycle insurance policy should too.
Riding an electric bike is a lot like riding a regular bike, with the added boost of an electric motor. Markel offers specific coverage for all bikes, including e-bikes, and understands the unique needs of e-bike owners to provide you with customized insurance protection at an affordable cost.
Why do I need e-bike insurance?
E-bikes come with the added benefit of a motor for pedal assist, potentially making them more expensive than a regular road bike. So, it’s important to have a policy that covers your investment. E-bikes also have a greater need for liability coverage, which may not be covered by homeowners, renter or auto insurance. Markel's stand-alone electric bike insurance policy insures e-bikes with power assist up to 750 watts and covers theft, damage, and more. Policies start as low as $100 per year and offer a variety of coverage levels and deductible options.
See how an average homeowners insurance policy stacks up against Markel Specialty e-bike insurance:*
|
Policy coverage |
Average homeowners policy |
Markel e-bike 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 |
|
Cycling apparel |
Not likely |
Yes |
|
Medical payments |
Not likely |
Yes |
|
Spare parts insured |
Not likely |
Yes |
|
Covered in transit |
Not likely |
Yes |
|
Worldwide physical damage |
Not likely |
Yes |
|
Roadside assistance |
Not likely |
Yes |
Don't wait until you file a claim to find out if you have the proper insurance protection for your e-bike. Get a free online quote today.
*Terms and conditions may vary. **Your homeowners coverage may not be designed to cover your e-bike at full replacement cost, typically actual cash value (ACV) is offered.
Markel offers coverage for three classes of electric 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.
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.
What happens when I buy a new bike?
Whether you're replacing your current bicycle or adding to your collection, we'll automatically extend your current coverage to the new bike for up to 30 days from the time of purchase. Just let us know before the 30 days are up for coverage to extend beyond that time period.
What about my apparel? Spare parts? Do you cover these too?
In a word, yes. But only if you purchase bicycle physical damage coverage and your bicycle is involved in a covered loss. We automatically include coverage for spare parts (replacements for items that are normally part of the insured bike but were not on the bicycle when the loss occurred) and apparel (clothing or gear worn exclusively when riding the insured bicycle). Both coverages have a separate limit of $500 per loss and a $1,000 limit for the policy period.
Can I pay online?
Absolutely, just visit our pay my bill page. From there, you can decide if you want to make a payment with a credit card, debit card, or through your checking account. You can decide if you want to make a one-time payment, or set up automatic recurring payments so you never miss a payment.
Do you have a sample policy?
Yes, a sample policy is available for you to view here.
Have a question not listed here?
Check out our frequently asked questions page here, or contact us here.
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.
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 +1.800.236.2453 to speak with a bicycle insurance specialist.
