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.  

Factors to consider when purchasing e-bike insurance

Your e-bike is an investment, costing on average three times as much as a bicycle, and like any investment, it makes sense to properly protect it. With all the mechanical, electrical, and computer-driven components of an e-bike, securing insurance specifically designed for your e-bike is a logical choice. 

Homeowners and renters insurance offers very limited coverage for e-bikes (if coverage is offered at all), putting your finances at greater risk. Plus, if you make a claim on your standalone e-bike policy, your  homeowners insurance rates won’t go up like they may if you filed your claim through your homeowners or renters insurance company.   

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. 

Markel Specialty offers a stand-alone electric bike insurance policy that insures e-bikes with power assist up to 750 watts and covers theft, damage and more.  

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. 

This content is provided for informational purposes only. Terms, conditions, and exclusions apply.  Coverage is underwritten by one or more insurance companies of Markel, including Markel Insurance Company and policyholder services are provided by the underwriting manager, Markel Service, Incorporated, national producer license # 27585, in California d/b/a Markel Insurance Services, license # 0645481.  Certain products and services are provided through various non-admitted insurance companies of Markel and are offered through licensed surplus lines brokers or through Markel West, Inc. dba Markel West Insurance Services, California license # 0D95581.  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.  Nothing herein shall be construed as an offer to sell or a solicitation or offer to purchase any products or services.  Markel is a business division of Markel Service, Incorporated. Markel® is a registered trademark of Markel Group.