Electric Bike (EBike) Insurance ⚡️ Protect Your EBike

eBike Insurance coverage

The electrical bike is a brand new space of protection for insurance coverage firms within the US and Canada.  Your householders, renters, or auto insurance policy could or could not cowl your electrical bike if in case you have an accident or trigger harm. This is applicable to all lessons of eBikes together with electrical cargo bikes used for supply enterprise (coated beneath enterprise insurance coverage).  

We encourage you to do your homework and due to this fact suggest some good sources to make knowledgeable choices on eBike insurance coverage protection.  Word that Wheel & Sprocket has no monetary curiosity in these firms however we predict they’ve a number of the finest data round:

  • Spoke Insurance coverage.com (hyperlink to eBike insurance coverage data and quote)

  • Markel Insurance coverage (Bike insurance coverage underwriter) 

Shopping for insurance coverage is shopping for protection in case of an accident.  Examine together with your insurance coverage firm whether or not your householders, renters, or auto plan has each property and legal responsibility protection in your eBike–don’t assume that they do!

2. Spoke Insurance coverage

Spoke instantly makes its declare to fame and fame within the e-bike business within the US by being the pioneer of e-bike insurance coverage within the firm. Being first additionally allowed it to ascertain a agency maintain on e-bike insurers within the nation, and whilst of this writing, Spoke stays as one of many nearly computerized choices by US e-bike riders on the subject of defending their prized possessions. 

Spoke Insurance coverage is just like Velosurance in that it’s additionally one of many first to supply complete bicycle insurance coverage within the nation. Coincidentally, it additionally shares the identical conception yr with the latter, having been launched in early 2012. Spoke’s rapid pull comes from the truth that it was established and run by biking fanatics as properly. They know what riders need, briefly, and far more so for e-bike riders. 

Learn additionally: Methods to choose insurance coverage for an electrical bike? – in this article. And, purchase the fitting e-bike insurance coverage (with evaluation and examples) – in this article.

Spoke’s costs begin at $100 per yr, which is pretty low-cost for an organization that’s thought-about as a premium e-bike insurance coverage supplier. It additionally affords deductibles that may go for as little as $200, which is considerably lesser than the common home-owner’s coverage within the US. 

It additionally is a little more lenient and versatile on the subject of its e-bike protection limitations, which may even present protection for fashions with 28 mph prime speeds – this can be a rarity for many e-bike insurance coverage suppliers. 

Identical as Velosurance, policyholders can even freely select legal responsibility protections that may cowl between $25,000 to $100,000. These are however a number of the causes Spoke is taken into account as an e-bike insurance coverage firm that may give you all you want. 

To seek out out extra, go to the Spoke Insurance website.

Full worth cowl
Crash harm
Theft at or away from dwelling
Third-party legal responsibility
Household cowlX
Worldwide cowl
Race charge cancellation
Equipment cowl✓ 
Dental and bodily accidents
Roadside restoration
Attire and helmet cowl
Racing cowl
Coaching cowlX
Emergency bike rentX
Delivery cowl


How A lot Does Ebike Insurance coverage Price?

Costs are as little as $100 per yr however the price of ebike insurance coverage is completely different for everybody. It is dependent upon sure elements, like the kind of ebike you might have, the worth of the bike, the protection restrict in your coverage, your deductible, endorsements, reductions, and the insurance coverage supplier you select. In contrast to other forms of insurance coverage, your private profile, like your age and credit score, might be not going to have an effect on your price.

Article content material

An e-bike is a two- or three-wheeled cycle with a seat, pedal, and an electrical motor. To legally drive an e-bike in Canada you need to be 16 years of age or older and put on a helmet. That’s it. There isn’t a licence required. Why? It’s due to the restricted energy, pace restriction, security options, and ease of use that e-bikes provide.

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A motorized scooter just isn’t thought-about an e-bike as a result of it has a gas-powered motor and no pedals. Similar to a motorcyclist, in case you plan to trip a motorized scooter you’ll require a licence and insurance coverage.

Greatest Commuter EBike Insurance coverage: Spoke


Get a Quote

Based in 2012, SPOKE was the primary bicycle insurance coverage firm within the U.S. and offers complete, stand-alone bicycle insurance coverage, together with for ebikes.

SPOKE is now underwritten by Markel and distributed by Marsh & McLennan Company and, for that cause, offers extraordinarily sturdy protection choices. The service can also be value highlighting as a result of it affords ebike- and commuter-specific insurance policies for as little as roughly $100 per yr.

And, as with Velosurance and different Markel suppliers, roadside help is offered and includes a community of greater than 10,000 tow truck firms throughout the U.S. and transportation inside a 35-mile protection zone as much as 5 instances a yr. 

SPOKE requires potential purchasers to supply their contact data earlier than acquiring a coverage quote. You’ll even have the choice to enter your Social Safety quantity (whereas this isn’t required, it can end in a extra correct estimate). 

Why it's a match for Treehugger: Spoke is a superb choice for Treehugger readers due to its complete choices for commuters.

Is an EBike Thought of a Motorized Car?

Within the U.S., the classification of ebikes as a motorcar varies by state. For instance, in Alabama and Alaska, electrical bikes are thought-about bikes. Nevertheless, that is extra the exception than the rule, and most states classify ebikes as bicycles or electric-assisted bicycles, which means they typically don’t require a license or impose a minimal driving age. Due to these variations, although, you need to all the time test your state’s necessities when contemplating an ebike.

Does my bike insurance coverage cowl my ebike?

Many ‘common’ bike insurance coverage insurance policies cowl ebikes as outlined beneath the Highway Site visitors Act. This states that the ebike should have a most energy output of 250 watts, is restricted to fifteen.5mph or 25 km/h and isn’t ridden by somebody beneath the age of 14.

Specialist ebike insurance coverage schemes have clauses that give full cowl for battery loss or harm. Aside from that, they’re nearly equivalent to pedal-powered bike insurance policies.

6. ISU Insurance coverage Providers of Westlake

ISU Insurance coverage Providers of Westlake or ISU, for brief, operates on a nationwide stage and affords a wide range of private and enterprise insurance coverage protection, a few of that are extra obscure and unusual in comparison with most. Certainly, it’s fairly a pleasing discovery to study that there’s a rising variety of insurance coverage companies within the US that supply complete coverages for very particular niches like tattoo outlets, spas, and, in fact, e-bikes.

ISU has been round since 1988 and has continued to make Los Angeles its headquarters. It has established fairly a formidable presence nationwide, with over 50 branches in a number of states already working beneath its wing. 

It offers all sorts of bicycle store insurance coverage as properly, e-bikes included. And what’s evidently nice concerning the firm is that they’re all too keen to dive into the intricacies of the consumer’s wants earlier than suggesting a coverage. 

Nevertheless, we do have to claim that the corporate’s insurance policies are restricted to e-bike store homeowners and never private e-bike riders. For those who occur to belong within the former group, then ISU may have the ability to ship all of the enterprise safety you want. 

To seek out out extra, go to the ISU Insurance website.

Full worth cowl
Product legal responsibility
Theft at or away from the shop
Employer protecting legal responsibility
Normal legal responsibility
Employee compensation
Worldwide cowl
Delivery cowl
Equipment cowl✓ 
Pedego e-bikes: leases, shops, excursions
Fireplace cowl for stock

E-bike insurance coverage is available and inexpensive

Electrical bike insurance coverage does exist and it offers protection between auto, dwelling, and renters insurances the place there are gaps and wonderful print exclusions. Markel affords a stand-alone e-bike insurance policy that insures e-bikes with energy help as much as 750 watts with speeds as much as 28mph. Markel’s electrical bicycle protection protects the ebike from theft, harm and extra. E-bike insurance policies begin at $100 per yr and provide a wide range of protection ranges and deductible choices.

Every coverage might be personalized to suit you and your driving fashion. Coverages embrace safety for harm attributable to theft, crash, collision, hearth, tried theft, vandalism or hitting one other object. Protection of spare elements, cycle attire, and rental reimbursement are additionally included at no further value.

Extra non-obligatory coverages embrace: Legal responsibility protection to cowl the prices for a 3rd social gathering in case of accidents or property harm attributable to the insured bicycle owner; medical funds to cowl medical prices of the insured bicycle owner related to a biking accident; and automobile contact safety for medical prices of the insured bicycle owner related to accidents attributable to an car. Moreover, roadside help is offered, offering the bicycle owner a service automobile trip of as much as 35 miles.

It’s your transfer. Take motion at present and shield your self and your e-bike.

E-bikes are excessive potential dangers

E-bikes have a better want for legal responsibility protection. Electrical bikes are inclined to journey sooner and are heavier than bicycles, making them excessive potential dangers for inflicting harm to another person’s property or bodily hurt to a different. With out insurance coverage, an e-biker who induced an accident might be personally accountable and face devastating monetary liabilities.

What about insurance coverage for a motorized scooter?

Insuring a motorized scooter is unquestionably extra easy than having to insure an e-bike. Because you want a licence to function a motorized scooter and insurance coverage firms think about it a “bike,” you simply must buy motorcycle insurance.

Like car insurance, bike insurance coverage should cowl you for at least $200,000 in legal responsibility. Complete protection just isn’t legally required, although. In quite a lot of instances, if the rider has bought a used bike, the price of the excellent protection finally ends up being greater than the worth of the bike, which is why many individuals decide to not get it.

What are some e-bike driving ideas?

Earlier than you hop on an e-bike, there are some should is aware of on e-bike security, together with a solution to the query, “Do you want insurance coverage on an e-bike?” Listed here are some concepts on tips on how to use an electrical bike and an outline of the completely different lessons, motor varieties and security precautions of e-bikes.

What Is Electrical Bike Insurance coverage?

In case your bike is pricey, like many e-bikes, you need to think about shopping for an insurance coverage coverage for it. These standalone insurance policies are designed for bike homeowners and transcend the protections provided by a condominium, dwelling, or renters insurance coverage coverage. A complete electrical bike insurance coverage coverage could provide protection for:

  • Unintentional harm
  • Collisions with uninsured motorists
  • Crash harm
  • Biking attire harm or theft
  • In-transit losses
  • Legal responsibility
  • Medical funds
  • Racing-related damages or losses
  • Rental bike reimbursement following a coated loss
  • Roadside help
  • Spare elements losses
  • Theft and vandalism
  • Car contact

Your property insurance coverage coverage could have a deductible of $1,000 or extra. However with a bike insurance policy, you possibly can select a deductible as little as $200. And in case you personal multiple bike, some insurers will help you buy a single coverage that covers your total assortment. 

Issues to Take into account When Buying Insurance coverage for Bicycle Experience

Private Accident Insurance coverage

For those who’ve been concerned in an accident in your e-bike as an uninsured motorist, you’ll have to fear about how you’re going to pay to have the broken e-bike repaired out of your individual pocket. Within the occasion that you’ve a private accident part included in your electrical bicycle insurance coverage coverage, then you’ll be given a lump sum amount of cash in case you are severely injured following an accident in your e-bike. This may increasingly assist ease your thoughts even within the worst-case situation.


E-Bike Theft Insurance coverage

As a bicycle owner, theft is all the time a priority. Bikes are sometimes coated beneath insurance coverage insurance policies within the occasion your lock or chain is lower, so make sure that to guard your e-bike towards this threat when buying an insurance coverage coverage. A theft part in your electrical bicycle insurance coverage coverage pays for the expense of a substitute if yours is stolen, one thing that’s particularly essential in case your trip is on the upper finish when it comes to value.

Third-Social gathering Legal responsibility

That is possible what you concentrate on when e-bike insurance coverage is introduced up. Within the occasion that you’re concerned in an accident whereas driving your e-bike, third social gathering legal responsibility insurance coverage would cowl the price of any damages that resulted from the accident. As an e-bike is taken into account a motorized bike, third-party legal responsibility insurance coverage is critical as a result of it’s one thing that isn’t typically considered, however one thing that may occur to any rider.

Malicious or Unintentional Harm

Accidents and vandalism occur on a regular basis. Whereas it’s actually not your fault, you’ll possible require assist in paying for any repairs or replacements which might be required in consequence. In case you are contemplating buying e-bike insurance coverage, make certain that you get a coverage that covers unintended and malicious harm, to be able to maintain your e-bike in wonderful form it doesn’t matter what occurs.


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