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What is BikeInsure?
BikeInsure, the official bike insurance partner of USA Cycling, is a specialty insurance agency that provides the best and most affordable bicycle insurance to cyclists in the United States. They specialize in providing physical damage insurance for bicycles, including optional bike theft protection, in a streamlined process similar to buying insurance for your smartphone. Signing up for a policy takes just two minutes at the BikeInsure.com website.
With BikeInsure, you can receive reimbursement for damages to your bicycle, eBike, and accessories caused by riding accidents or transit. And if you opt for bicycle theft protection insurance, you'll get comprehensive coverage for any costs associated with stolen bikes or eBikes.
Licensed insurance producer BikeInsure 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 151 years, Americans have trusted Great American Insurance Company to protect them and render best-in-class service.
How much does a BikeInsure plan cost?
The comprehensive bicycle insurance plan with up to $10,000 in coverage per bicycle can be purchased for as little as $16.99 per month. In the event of a bike accident loss occurrence, you are responsible for a $100 deductible.
BikeInsure Comprehensive Bicycle Coverage = $16.99/mo.
- Road Bike Insurance is $16.99/mo.
- eBike Insurance is $16.99/mo.
- Triathlon Bike Insurance is $16.99/mo.
- Mountain Bike Insurance is $16.99/mo.
- Gravel Bike Insurance is $16.99/mo.
- Fat Bike Insurance is $16.99/mo.
- Cyclocross Bike Insurance is $16.99/mo.
- Cargo Bike Insurance is $16.99/mo.
- Your Bicycle Insurance is $16.99/mo.
Does BikeInsure offer theft if my bike is stolen?
Yes! Optional bike theft insurance, with up to $10,000 in protection per bicycle, is an additional $8 monthly. In the event of a theft loss occurrence, you are responsible for a $250 deductible.
Likewise, ebike theft insurance is optionally available with any ebike coverage enrollment.
What types of bikes are covered?
The BikeInsure plan covers new or used bicycles powered by human pedaling such as road, triathlon, mountain, gravel, eBike, cyclocross, fat, and tandem.
Note: The BikeInsure plan covers pedal assist eBicycles at no additional cost.
Does your eBike need a standalone bike insurance policy?
Yes! Today's eBikes need a specialty insurance policy. The BikeInsure plan covers eBikes at no additional cost.
BikeInsure covers the "3-Class" eBike standards. All classes limit the motor's power to 750 Watts.
- Class 1: eBikes that are pedal-assist only, with no throttle.
- Class 2: eBikes that are both pedal-assist and throttle-assisted.
- Class 3: eBikes that are pedal-assist only, with no throttle.
In addition, it provides reimbursement for repairs to your eBike and listed accessories due to accidental damage when riding. Coverage continues during the transit of the electric bicycle and extends to a stolen eBicycle when optional eBike theft insurance is selected.
I love my Electric Bicycle. How much is eBike Theft Insurance?
BikeInsure offers comprehensive yet inexpensive electric bike insurance, so we recommend our $16.99 monthly plan to any eBicycle pedal assist rider looking for an affordable peace of mind policy.
The insured may add optional eBike Theft Insurance for $8 monthly to their BikeInsure plan. The electric bicycle theft insurance comes with up to $10,000 in coverage per bicycle. In the event of a theft loss occurrence, you are responsible for a $250 deductible.
BikeInsure covers the "3-Class" eBike standards. All classes limit the motor's power to 750 Watts.
- Class 1: eBikes that are pedal-assist only, with no throttle.
- Class 2: eBikes that are both pedal-assist and throttle-assisted.
- Class 3: eBikes that are pedal-assist only, with no throttle.
When is my bike covered?
The BikeInsure solution reimburses you for repairs to your bicycle due to accidents when riding an insured new or used bicycle powered by human pedaling on land within the United States, its territories and possessions, Puerto Rico, and Canada.
Coverage is also provided during transit of the scheduled bike.
The insurance extends to if the bike is stolen when optional bicycle theft insurance is selected.
What types of rides are covered?
The Bicycle Insurance applies to casual and competitive, road and off-road bicycle rides such as individual, group, commuter, charity, gran fondo, and triathlon.
Are accessories included in the insurance?
Yes, when enrolling your bicycle in a BikeInsure plan, any additional attached accessories, such as bags, bottle cages, cameras, computers, lights, mounted pumps, and radar, can be included in the List Bike Accessories section under Bike Information. These accessories will become a part of the scheduled bicycle definition, which is factored into the bike's overall value. You can also list non-stock attached components such as the groupset (gruppo), pedals, power meter, saddle, and wheelset.
After completing your quick sign-up process, watch for your BikeInsure plan policy. When you check the Equipment Schedule, you'll see that each accessory you listed on your application has been included in the corresponding bicycle definition.
Is transit coverage (shipped or transported) included?
Yes, the BikeInsure plan covers the listed bicycle while it is being shipped or transported within the coverage territory.
Is the Bicycle Insurance available during a competitive cycling event?
Yes, competitive rides, including triathlon, are covered as competing in competitive cycling events is accepted as normal bike use and is covered.
Do you insure professional cyclists?
Yes, although coverage is not provided for charter, hire, lease, or any other commercial use of a bicycle. Acting in the capacity of a professional cyclist is not considered a commercial use.
Is bike insurance available for more than one bicycle?
Yes. A bike insurance policy may have multiple bicycles. In addition, other bikes may be included in a policy at sign-up or may be added after enrollment.
Do you only offer bike insurance to residents in the United States?
Yes. The BikeInsure plan can be obtained by residents 18 years or older.
Which states does the bike insurance currently offer coverage?
The BikeInsure policy has been filed and approved in all 50 states of the United States, plus Washington, DC.
I have homeowners insurance. Why get bicycle insurance?
Bikes cost a lot of money, and you want to protect your investment.
Many insurance experts advise us to consider today's homeowner's insurance as 'catastrophic loss protection.' Facts imply home insurance policies often have high deductibles. In addition, multiple claims can lead to cancellation or non-renewal and often have lower limits on certain individual items. As a result, a claim can cause your premium to jump significantly.
BikeInsure is a cost-effective, standalone, primary insurance solution for your bike. The BikeInsure smart alternative provides the protection you need without compromising your homeowner or renters insurance.
I financed my bike. May I get insurance for my credit-financed bike?
Yes. Bike manufacturers, bike shops, credit finance companies, and banks love the BikeInsure Loss Payee feature for credit-financed bicycles!
If another entity has a financial interest in your bicycle, at the BikeInsure checkout, you may optionally list the other entity as a loss payee on your policy. Then, in the event of a non-repairable loss, the claim proceeds can be split with the loss payee based on the loss payee's remaining financial interest in the bicycle.
I have accidental bike damage. How does my BikeInsure coverage help me?
The Bicycle Insurance can be used to safeguard your new and used bikes and eBikes. The insurance reimburses the bike's repairs and listed accessories due to riding accidents or during transit.
How much does the bike insurance pay for accidental damage?
BikeInsure physical damage coverage has a $10,000 per bike annual aggregate coverage limit and a $100 per occurrence deductible.
Suppose your bicycle is in an accident and physical damage to the insured bike occurs. In that case, the insurance will pay the amount necessary to repair the insured bike, not to exceed the value of the bicycle and the stated limit of insurance.
However, suppose the insured bike will not be repaired. In that case, we will pay the amount necessary to replace the bicycle with a current market substantially similar like and quality bike less the per occurrence deductible, not exceeding the stated insurance limit.
What if my bike is stolen? How much does the bike insurance pay?
The optional Bike Theft Insurance has a $10,000 per bike annual aggregate limit and a $250 per occurrence deductible.
If the covered bike gets stolen, the insurance will pay the amount necessary to replace the bicycle with a current market substantially identical like the kind or quality bike less the per occurrence deductible, not to exceed the stated limit of insurance.
Will medical bills get covered if there is an injury in a cycling accident?
The insurance only applies to coverage of the bike.
Am I covered if I go abroad?
The policy territory coverage only applies to loss while the insured bicycle equipment is in transit by land or air from and to a location within the United States of America, its territories and possessions, Puerto Rico, and Canada.
Is the BikeInsure.com website secure?
Yes. For your protection, the BikeInsure.com website utilizes secure Information Technology infrastructure services by Amazon Web Services (AWS), the leading provider of online host services. AWS provides the same secure solution to BikeInsure, designed and managed in alignment with best security practices and various Information Technology security standards, as it does to 80% of Fortune 500 companies.
We use Stripe as the secure payment gateway service for electronic credit card payments. Stripe is certified to the highest compliance PCI Service Provider Level 1 standards. PCI Level 1 is the most stringent level of certification available in the payments industry.
What forms of payment do you take for BikeInsure?
At checkout, we accept all major credit cards such as Visa, Mastercard, American Express, and Discover, debit cards, and wallets such as Apple Pay, and Google Pay.
We use Stripe as the secure payment gateway service utilized for electronic payments. Stripe is certified to the highest compliance PCI Service Provider Level 1 standards. This is the most stringent level of certification available in the payments industry.
How do I file a claim?
Filing a bicycle insurance claim is easy. First, log in to securely access your account and click on the link to 'Start A Claim.' From there, you provide a few details about the loss and can upload pictures of the damage. Then, follow the instructions for 'Claims.'
How quickly do I get paid?
We will work with you to get your claim resolved in a timely manner. We understand you want to get back to riding again as soon as possible. Upon verification of the claim eligibility and damages, claim payments can be received within 30 days.
How long does my BikeInsure plan last?
The policy is issued for annual policy periods with automatic ongoing renewal to ensure continuous protection.*
*Policies will automatically renew for additional one-year terms so long as the policy holder continues to meet the insurer’s underwriting guidelines and standards.
What is the age requirement?
The BikeInsure plan can be obtained by insureds 18 years or older.
Who is the insurance company backing the Bicycle Coverage?
The BikeInsure plan is administered by a licensed insurance producer BikeInsure, the official bike insurance partner of USA Cycling, and is underwritten by AM Best 'A+' (Superior) rated carriers Great American Insurance Company and Great American Spirit Insurance Company. According to AM Best, "An 'A+' (Superior) grade is assigned to insurance companies that have superior ability to meet their financial obligations." For 151 years, Americans have trusted Great American Insurance Group to protect them and render best-in-class service.
Is it possible to cancel the BikeInsure plan?
BikeInsure understands the importance of financial flexibility for cyclists and offers an affordable annual insurance policy with convenient monthly installments. Canceling the policy is hassle-free. Use the contact form to request coverage cancellation. Your cancellation will be effective on your next monthly invoice date.
Is there any USA Cycling member discount?
Absolutely! BikeInsure, the official bike insurance partner of USA Cycling, offers a discount to all USA Cycling members. Simply log in to your USA Cycling member account to start the sign-up process and enjoy 'peace of mind' with BikeInsure coverage.
As a USA Cycling member, you can quickly sign up for BikeInsure Bike Coverage to safeguard your new and used bikes and eBikes from any damages resulting from riding accidents or while in transit. Plus, you can even add optional bike Theft Protection. When optional theft protection is selected, your coverage extends to a stolen bicycle or eBike.
BikeInsure CEO Buzzy Cohn advises that USA Cycling members get a specialty bike insurance policy to avoid riding, transit, or theft risks. While homeowners' insurance is necessary to protect your home from catastrophic losses, it is likely insufficient to safeguard your bike or eBike. Homeowner's insurance typically involves high deductibles, and filing a claim may increase your insurance premium. Making multiple claims may lead to the non-renewal of your policy and inclusion on the insurance industry's CLUE Report, making it difficult to get future home coverage. The BikeInsure policy is a simple bike insurance solution that provides comprehensive coverage. The significant advantage is that making a claim with a BikeInsure policy won't have any impact on your homeowner's insurance coverage.
“As the official bike insurance provider of USA Cycling, BikeInsure brings a wealth of expertise and experience in safeguarding bicycles against theft, damage, and accidents. This partnership aligns perfectly with our mission to support and enhance the cycling experience for riders of all levels across the nation," said Eric Bennett, Director of Membership at USA Cycling. "Through our partnership with BikeInsure, we aim to provide riders across the United States with the peace of mind they deserve, ensuring that they can ride and race with confidence, knowing their bikes are protected."
Is there a Policy Sample of the BikeInsure plan?
Yes! Please click Specimen Policy Sample to review.
BikeInsure has a simple two-minute sign-up via computer or smartphone.
Top 10 Bicycle Insurance Highlights of BikeInsure Sign-Up:
- For a nominal $16.99 monthly recurring credit card charge, the bike or eBicycle is insured.
- Optional Bike Theft Insurance may be added for $8 monthly.
- New and used bicycles or eBikes are eligible.
- Multiple bikes or eBicycles may be enrolled.
- Bicycle Insurance Coverage is application only.
- No credit reports are required.
- No social security numbers are requested.
- No credit-based insurance scores are necessary.
- No additional underwriting requirements.
- The BikeInsure plan is underwritten by AM Best ‘A+’ (Superior) Great American Insurance Company. For 150 years, Americans have trusted Great American Insurance Company to protect them and render best-in-class service.
How do I get bicycle insurance?
