2025 Cyclist Buyer's Guide to the Best eBIKE INSURANCE

A 2025 Cyclist Buyer's Guide to the Best eBIKE INSURANCE

Washington, D.C. - June 10, 2025 - BikeInsure, an insurtech company specializing in offering bicycle insurance for bikes and ebikes in the United States, has released 'A 2025 Cyclist Buyer's Guide to the Best eBIKE INSURANCE.' The guide will clearly inform ebike customers and owners of the Home Insurance Problem and the eBIKE INSURANCE Solution.

Buzzy Cohn, the CEO of BikeInsure, shared, "The primary concern for potential ebike customers and current electric bike owners is justifying their investment in an ebike while considering the risks of unexpected riding accidents and theft. The most significant drawback of ebike theft is that it results in a complete financial loss of the valued equipment. For instance, if someone owns a $4,000 ebike and it gets stolen, they face a total loss. In contrast, if a cycling accident damages a derailleur costing $400, the financial impact is less severe. Historically, 80% of BikeInsure claims have been related to unexpected accidents, while theft claims have accounted for 20% of all claims paid. Our data shows that ebikes are stolen at a significantly higher rate than non-electric bikes.

The smart solution is a separate ebike insurance policy which is an essential need for every ebike cyclist, providing 'peace of mind' financial protection for their valued electric bike against accidents and theft risks."

It's important to understand that electric bikes (ebikes) are not covered by homeowners' nor auto insurance policies. ‍

Home insurance policies, which are designed to protect against significant loss to a home exclude electric bikes because they are classified as motorized vehicles. Auto insurance providers, such as State Farm, Allstate, Farmers, and USAA, specifically exclude ebikes from coverage by defining "insured autos" and "cars" as four-wheeled private passenger motor vehicles.

The Must-See Video Cyclists Can't Afford to Miss

America's Best E-Bike Insurance, BikeInsure, fills the gap by ensuring cyclists' ebikes are financially protected against riding, transit, and theft risks. The comprehensive ebike insurance solution is available nationwide. It features a low deductible, allowing cyclists to easily get their ebikes repaired or replaced, which provides significant reassurance for their investment in an electric bike. Additionally, filing an ebike claim with a BikeInsure policy will not impact your other insurance policies. This coverage applies to ebikes that meet the "3-Class ebike standards," which restrict the motor power to 750 watts.

Electric Bikes have No Homeowners Insurance

Homeowners Insurance is Insurance for a Home.

Homeowners insurance personal property is generally referred to as Coverage C or Contents Coverage. A Scheduled Insurance Rider is an optional endorsement or add-on to a standard homeowners insurance policy that provides additional coverage for specific high-value items. It's designed to cover items like jewelry, art, collectibles, or firearms, which may not be fully covered under a standard policy's personal property limits.

Homeowners' insurance policies exclude ebikes as the homeowner's property is not covered because ebikes are classified as motorized vehicles.

It's important to consider the consequences of filing a home insurance claim. After a 'qualified' homeowners or renters insurance claim, you may encounter several costs, including an increase in your premiums, the possibility of your policy not being renewed, and an entry in the Comprehensive Loss Underwriting Exchange (CLUE) report. This record can make it costly and difficult to obtain insurance from private insurers in the future.

Why risk losing a homeowner's insurance policy when there's a smart alternative that can insure both bicycles and ebikes, like BikeInsure? The best feature of a BikeInsure policy is that if you ever need to file an ebike insurance claim, it won't affect your other insurance policies. Your homeowner's policy will remain in good standing, so it's a true WIN-WIN — you can fully protect your bike with BikeInsure while safeguarding your homeowner's insurance!

An ARI eBike owner with BikeInsure shared their Homeowners Insurance Exclusion

"I went through my Allstate Homeowners Insurance Policy for bike coverage in California with my insurance agent. I discovered that it does not protect the theft of my bicycle if it gets stolen away from my residence.

We looked further into the Allstate coverage of an electric bike because I own a Mountain eBike, and we found the Allstate policy excludes eBikes, "Property we do not cover" is "Motorized land vehicles, including, but not limited to, any land vehicle powered or assisted by a motor or engine."

BikeInsure is the ideal eBike insurance solution."

Homeowners Insurance is Inadequate to Protect Bikes

Insurance experts recommend homeowners view home insurance as protection against significant losses rather than as coverage for items like bicycles, even with a scheduled insurance rider.‍

Facts about homeowners insurance

Deductible‍

A standard deductible for homeowner's insurance usually ranges from $500 to $2,500, with higher-valued homes sometimes having deductibles of $5,000 or more.

Premium increase‍

When a homeowner files a claim, insurance premiums often increase significantly during policy renewal, sometimes by 25% to 60%, depending on the state of residence.

Non-Renewal‍

Insurance companies may choose not to renew (CANCEL) a policy if multiple claims are filed within three years, even if the homeowner has consistently paid their premiums.

CLUE Report‍

Lastly, insurance companies use a Comprehensive Loss Underwriting Exchange (CLUE) database to access consumer claims information when underwriting or rating an insurance policy, which can affect a homeowner's eligibility for coverage.

A Specialized ebike owner with BikeInsure shared their eBike Homeowners Insurance Exclusion

"I had a difficult time finding insurance that would cover my E-Bike. I thought my homeowners would cover any loss or theft, but to my surprise, they deny all ebike coverage.

At the beginning of my search, I found other online bike-specific insurance too costly. Then, I came across BikeInsure and decided to give them a call. I spoke with the BikeInsure CEO for quite some time. He was very helpful in explaining to me in great detail the ins and outs of insurance, especially for bicycles. The process was simple, and I found the amount of coverage and the monthly cost to be of good value. I feel secure knowing I have a great policy to protect my much-loved E-bike!

Thanks, BikeInsure, for providing a great product!"

ELECTRIC BIKE OWNERS, Notice!

BikeInsure is a cost-effective, standalone, primary insurance solution for your ebike. The BikeInsure smart alternative provides the protection your electric bike requires.

BikeInsure makes eBike insurance more affordable and accessible for electric bike owners in the United States. Electric bike owners need to obtain separate insurance for comprehensive protection of their investment and all valued non-stock attached accessories.

E-Bike Accident Damage

BikeInsure insures against the risk of sudden and accidental direct physical loss to insured new or used ebike equipment. It reimburses your ebike's repairs and listed accessories due to riding and transit accidents.

BikeInsure physical damage coverage has a $100 per occurrence deductible.

A TREK Electric Hybrid Bike Riding Accident Claim

An Omaha, Nebraska resident signed up for a 2023 Trek Verve+ 4S eBike with BikeInsure. Less than three months later, the rider was involved in an unexpected accident that caused damage to the brake handles, brake rotors, and front wheel. After filing a claim, the insured customer received a check for $291 to cover the repairs, which included new OEM parts, labor, and tax at a local bike shop of their choice.

E-Bike Transit Damage

The standard BikeInsure Transit coverage includes the secure transportation of your insured ebike via car, bus, or train on land, as well as by ship over water and by airplane to your preferred destination. This coverage applies within the United States, its territories (such as Puerto Rico), and Canada.

A Pivot e-Mountain Bike Transit Accident Claim

On July 21, 2024, a resident of Utah enrolled their Pivot Shuttle ebike, which included bar grips, pedals, and a helmet as accessories. On August 16, 2024, while the insured was sitting in their Porsche Sport Utility Vehicle at a traffic light, an unlicensed driver in a pickup truck collided with the rear of the vehicle. This accident destroyed the e-bike, which was secured to the rear bike rack of the SUV. The owner submitted a claim to BikeInsure online, and on August 27, 2024, received a payment of $10,000 for the damaged ebike. The BikeInsure customer was responsible for a $100 deductible.

e-Bike Theft Protection

BikeInsure offers a unique choice compared to other bike insurance providers for eBike Theft Protection from and away from home. BikeInsure allows customers to pay for theft protection with electric bike damage coverage or select bicycle damage coverage only for an ebike. When optional theft is selected, the policy protects the covered equipment against the financial risk of theft.

In the event of ebike theft loss, you are responsible for a $250 deductible.

A Tern e-cargo bike owner with BikeInsure shared their $250 Deductible Theft Claim

"We are incredibly grateful to have had bike insurance and not just any insurance — but specifically BikeInsure. We felt it provided better value when we switched from Markel to BikeInsure. One crucial factor we never thought would impact us was theft. Markel's policy stated that the bike must be "secured to an immovable object with an appropriate security locking device." In contrast, BikeInsure's policy specifies secured property, which worked in our favor.

Had we still been covered by Markel, I suspect our theft claim would have been denied. Fortunately, with BikeInsure, the claims process was efficient and supportive. I was able to facilitate the replacement at my favorite bike shop, Current eBikes, in California. The receipt for the replacement totaled $5,417 for the 2024 TERN GSD Gen2 in Satin Black. It was hard to believe that our e-bike was stolen, but thankfully, with BikeInsure, we only had to pay a $250 theft deductible rather than the full $5,417!"

BikeInsure provides the broadest definition of bicycle theft and includes language regarding bicycle theft as 'secured property'.

In contrast, another bike insurance policy offers narrower coverage, stating that the bike must be "secured to an immovable object with an appropriate security locking device."

Another bike insurance company has the narrowest requirement, specifying that the bicycle "must be locked by an approved lock to an immovable object."

A Gazelle eBike owner BikeInsure shared their BikeInsure Theft Claim

"As I stood in disbelief at the hospital bike rack where my e-bike was stolen, I made a distress call to BikeInsure. To my relief, they answered immediately, ready to guide me through the quick steps to file my theft claim, which began with a police report.

Despite my panic, the process was surprisingly easy. I was blown away at how I felt cared for and valued throughout the claim.‍

The settlement process was also a breeze, thanks to the efficient service of the claim agent. They offered me the choice of receiving a check or having the bike shop directly paid, and I opted for the latter. I picked up my new Gazelle eBike from the bike shop, and my only cost was the small BikeInsure deductible."

e-Bike Accessories

Accessories listed on the BikeInsure policy offer significant advantages for electric bike owners. While many people refer to an electric bike simply as an ebike, it often consists of a variety of additional accessories and components that are not standard. For instance, the policy includes 'bags' as eligible accessories. High-quality bags and panniers can be quite expensive. One example is Ortlieb panniers and bike bags, which have an excellent reputation among biking enthusiasts and often range in price from $65 - $305. BikeInsure is the Official eBike Insurance provider for The New Wheel Electric Bike Shops in California. As an authorized Ortlieb dealer, we've observed that many customers who sign up from The New Wheel for coverage list their Ortlieb panniers on their policy. That way, their BikeInsure policy covers their ebike and panniers too!

Non-stock-attached bike accessories and components that are listed at enrollment or added to the policy via future policy endorsement requests will be covered and included in the ebike's overall value.

Accessories include items such as bags, bottle cages, cameras, computers, lights, mounted pumps, and radar. Whereas, Components include, but are not limited to, the groupset (gruppo), pedals, power meter, saddle, and wheelset.

BikeInsure offers affordable and comprehensive insurance for bicycles and eBikes in the United States. Licensed insurance producer BikeInsure, the official bike insurance partner of USA Cycling, International Mountain Bicycling Association (IMBA), USA Triathlon, The League of American Bicyclists, and Adventure Cycling Association, is administering the insurance plan, underwritten by carrier Great American Insurance Company, rated "A+" (Superior) by AM Best, an authorized insurer in all 50 states and Washington, DC. For over 150 years, Americans have trusted Great American Insurance Company to protect them and render best-in-class service.