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Your Ebike Deserves the Best – The Leading Ebike Insurance Policies of 2024

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It’s important to consider getting ebike insurance to ensure that your bike is fully protected. While home or renters insurance may offer some coverage, it’s often limited and may not fully protect your ebike in the event of theft, damage, or accidents. Some policies may even exclude coverage for ebikes altogether. By getting ebike insurance, you can have peace of mind knowing that your bike is fully protected against these potential losses.

Some of the best ebike insurance companies on the market offer collision coverage, theft protection, and liability insurance, as well as good customer service. However, because ebikes are a relatively new trend, there aren’t many options available. We found the best carriers based on policy offerings, coverage limits, unique features, and discounts.

Velosurance: The Best Overall Ebike Insurance Provider of 2024

Why Choose Velosurance?

Velosurance stands out as the best overall ebike insurance provider due to its comprehensive coverage, robust policy options, and unique features that set it apart from many other ebike insurance carriers.

Pros

  • Wide variety of coverages, including some specialized policies
  • Discounts available for membership organizations
  • Nationwide repair shop network

Cons

  • No information about pricing or deductibles on the website
  • Not available in every state

Comprehensive Coverage

A standard policy with Velosurance includes coverage for theft, crash and accident damage, damage during transit, roadside assistance, medical payments, and much more. Your bike is covered anywhere in the world, and the company can increase your coverage limit during your travels for a small fee.

With Velosurance, you can get liability coverage with limits of $25,000, $50,000, or $100,000 per occurrence. However, the company doesn’t include any information about coverage limits for other policies, nor does it disclose details about premiums or deductibles online.

Unique Features

Some of Velosurance’s niche features that stand out include replacement bike rental coverage, bike airline shipping coverage, and racing coverage. Velosurance also has a nationwide network of bike shops, which makes it easy to find repair experts in your area if your ebike needs to get fixed after a covered claim.

Discounts and Partnerships

Velosurance also offers insurance discounts to members of USA Cycling, USA Triathlon, and the International Mountain Bicycling Association (IMBA). Because Velosurance only sells bike insurance, there isn’t an opportunity to bundle more than one policy.

One thing to note about Velosurance is that it doesn’t underwrite its own policies. It partners with Markel, a reputable insurance company with an AM Best rating of A.

Availability

Velosurance is widely available, but it’s not sold in every state.

Getting a Quote

To get a quote, you can fill out the online form or call an agent. If you want to consult with an agent before purchasing coverage, you can contact a representative via phone, email, or live chat during business hours.

Spoke Insurance: Affordable and Reliable Ebike Insurance

Why Choose Spoke Insurance?

Spoke Insurance offers reliable ebike insurance starting at just $100 per year, making it an excellent choice for any ebike rider looking for an affordable policy that won’t break the bank.

Pros

  • Policies start at just $100 per year for coverage
  • Good coverage options with generous limits
  • Low deductible options available
  • File a quote online through the Markel website

Cons

  • No discounts available
  • Only offered for Markel home and renters insurance customers
  • Worldwide coverage isn’t free

Comprehensive Coverage

We chose Spoke Insurance as the best ebike insurance provider for affordable coverage. Premiums start at $100 per year, making it one of the cheapest providers we reviewed. You have the option to choose a deductible from $200 to $500 per claim, and if you opt for a deductible on the higher end, it can lower your rate even further.

Spoke Insurance will cover any ebike with a top speed of 28 mph or less. And as long as your ebike is under 750 watts, you’ll qualify for coverage.

Standard policies from Spoke Insurance include collision insurance, theft insurance, coverage for spare parts (up to $1,000), bike replacement cost coverage, medical payments coverage (between $1,000 and $10,000), liability coverage (between $25,000 and $100,000), bike rental reimbursement, and transit protection. You can also add emergency roadside assistance with up to 35 miles of towing for $12 extra per year, and if your bike needs repairs, you can choose any shop you want.

Availability and Coverage

Unfortunately, Spoke Insurance isn’t available in all states, and it doesn’t offer worldwide coverage for free. If you are traveling overseas with your ebike, the company can help you get a worldwide physical damage protection policy for your trip.

Spoke Insurance doesn’t underwrite its own policies—the company sells coverage through Markel. And one of the major downsides of Spoke Insurance is that you must have a home or renters insurance policy through Markel in order to buy an ebike policy.

Getting a Quote

To get a quote, you can fill out the form online, but if you have questions about your coverage, you’ll need to call an agent directly. A Markel agent can also provide more information on multi-policy discounts if you are a current customer.

McClain Insurance: High-Coverage-Limit Ebike Insurance

Why Choose McClain Insurance?

McClain Insurance offers high-coverage-limit ebike insurance policies, which is ideal for ebikers who want added peace of mind and financial protection in the event of an ebike accident.

Pros

  • Affordable premiums with a starting rate of $250 per year
  • High coverage limits for certain policies
  • Annual “Five Minute Insurance Checkup” ensures your coverage is always up-to-date

Cons

  • Very limited coverage compared to other providers
  • Not available in every state
  • Few third-party reviews, and no AM Best financial strength rating

Comprehensive Coverage

Of all the ebike insurance providers we reviewed, McClain Insurance offers the highest coverage limits by a landslide. You can get liability insurance and underinsured motorist insurance coverage up to $500,000. Additionally, standard ebike insurance policies include property damage coverage and medical payments coverage, but the policy limits available aren’t specified online.

Although McClain Insurance offers high coverage limits, the coverage available is pretty limited, especially when you compare it to some other carriers we reviewed. The company doesn’t advertise any unique features, like roadside assistance, international coverage, travel protection, or replacement cost coverage.

Affordability

On a more positive note, we like the fact that McClain’s ebike insurance policies are affordable. According to the website, ebike policies start at $250 per year. But you’ll need to get in touch with an agent to find out what deductibles are offered.

Customer Service and Claims Handling

In terms of customer service and claims handling, the only ways to get in touch with a representative are through phone or email. There’s a quote request form online, but an agent has to reach out with your results.

Availability and Coverage

Another thing to consider about McClain Insurance is that you can only get ebike insurance in a few states. Currently, you must live in Washington, Oregon, Idaho, Utah, or Arizona to buy a policy. Your insurance will cover an ebike anywhere in the country, but the company doesn’t mention whether international coverage is included.

Depending on where you live, an ebike policy from McClain Insurance may be underwritten by one of its partner providers. Although the company doesn’t advertise policy bundling opportunities, you might qualify for a multi-policy discount if you purchase auto or home insurance through McClain.

Sundays Insurance: Best for International Ebike Coverage

Why Choose Sundays Insurance?

Sundays Insurance offers great international bike coverage, making it an ideal choice for those who never want to worry about their ebike getting damaged, stolen, or lost in a cargo hold during an overseas getaway.

Pros

  • Comprehensive coverage options, including some unique policy options
  • Easy to get a quote, purchase coverage, and file a claim online
  • Free perks for Strava members
  • Ebike batteries qualify for coverage under a standard policy

Cons

  • Worldwide coverage isn’t available for free
  • Relatively low coverage limits
  • Not available in every state

Comprehensive Coverage

Sundays Insurance is our pick for the best ebike insurance for international travelers. If you add a worldwide extension to your policy, you can get airline shipping coverage and physical damage coverage while you’re traveling overseas. The only downside is that you have to pay for the extension in order to take advantage of these perks.

An ebike insurance policy from Sundays Insurance includes a variety of other policy options, which apply in the United States, United Kingdom, and Australia. You can get spare parts coverage (up to $600), racing coverage (optional), rental reimbursement, and many more. Plus, your ebike battery also qualifies for coverage if it gets stolen or damaged in a collision. Sundays Insurance will let you take it to any shop to get repaired.

Discounts and Perks

Like most ebike insurance providers, there are no options to bundle your policies because Sundays Insurance only sells bike coverage. The company does offer a multi-bike discount.

One of the coolest features of Sundays Insurance is that Strava members can get access to unique perks. For example, if you crash your ebike while recording an activity in the Strava app, Sundays Insurance will give you up to $600 to replace or repair the device you were recording on.

Customer Service and Claims Handling

Another thing we like about Sundays Insurance is that it’s easy to get a quote, purchase a policy, and even file a claim online, without calling an agent. If you do need to get in touch with the company, you can call, email, or use live chat during business hours.

Availability and Coverage

Sundays Insurance policies are underwritten by Tokio Marine. Coverage is not sold nationwide, and policy availability and Strava perks will vary by state.

Simple Bike Insurance: Best for Multiple Bikes

Why Choose Simple Bike Insurance?

If you have a growing bicycle collection, we recommend a policy from Simple Bike Insurance. With its customizable coverage, free protection for competitive cyclists, and best of all, discounts for insuring multiple bikes, it stands out as a great choice.

Pros

  • Coverage is available nationwide
  • Several discounts offered for policy savings
  • Low-cost policies start at just $100 per year

Cons

  • The named insured operator on the policy must be at least 18 years old
  • Limited customer support options

Comprehensive Coverage

Ebike owners who have multiple bikes they want to insure should consider a policy from Simple Bike Insurance. The company offers a generous discount if you add multiple bikes to the same policy, and you can get the discount for insuring a combination of bikes, like ebikes, road bikes, mountain bikes, and cruisers. Ebikes qualify for coverage as long as they are under 750 watts and 28 mph (with power assist).

Simple Bike Insurance policies offer a good range of coverage. You can get collision coverage (up to $10,000), liability insurance (up to $25,000), medical payments (up to $1,000), worldwide physical damage protection, roadside assistance coverage, spare parts coverage (up to $1,000), competition fee reimbursement, and rental bike replacement, among others. Policies cover your bike anywhere in the United States and Canada.

Pricing and Discounts

Policies from Simple Bike Insurance start at just under $100 per year, and you can choose a deductible anywhere from $200 to $500. You can email an agent to file a claim, and there are no repair restrictions if your bike needs to get fixed after a covered loss.

In addition to the multi-bike discount, Simple Bike Insurance also has a discount for certain membership organizations. If you belong to USA Cycling, USA Triathlon, or the IMBA, you can qualify for a 10% discount on your rate.

Customer Service and Claims Handling

Another benefit of Simple Bike Insurance is that it’s easy to get a quote online, but if you have questions about coverage, you’ll either have to call an agent or submit the online help form.

Availability and Coverage

Simple Bike Insurance’s policies are underwritten by Markel Insurance, and coverage is available in all 50 states. The company only sells bike insurance, so, unfortunately, you won’t be able to bundle your policies.

Compare the Best Ebike Insurance

CompanyAM Best RatingAverage Annual PremiumEbike Policy OptionsCustomer ServiceOther Available Insurance Policies
Velosurance Best OverallAPrice by quote onlyEbike insurancePhone, Email, and Live ChatN/A
Spoke Insurance Best Affordable OptionStarting at $100 per year Ebike insurance Phone Mountain bike, triathlon bike, commuter bike, road bike, and bike roadside assistance 
McClain Insurance Best for High Coverage LimitsN/A Starting at $250 per year Ebike insurance Phone and Email Car, home, renters, earthquake, condo, boat, snowmobile, RV, umbrella, life, flood, motorcycle, wedding, mudslide/landslide, pet, and home-based business insurance 
Sundays Insurance Best for International TravelersPrice by quote only Ebike insurance Phone, Email, and Live Chat N/A 
Simple Bike Insurance Best for Multi-Bike PoliciesStarting at under $100 per year Ebike insurance Phone and Online Form N/A 

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