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What is BikeInsure?

BikeInsure is a specialty insurance agency dedicated to offering cyclists in the United States affordable bicycle coverage. BikeInsure developed a process that allows a cyclist to obtain physical damage insurance for a bicycle as easily as it was to get for your smartphone, all from the BikeInsure.com website.

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 150 years, Americans have trusted Great American Insurance Company to protect them and render best-in-class service.

Great American Insurance Tower | Great American Ball Park | Cincinnati, Ohio
How much does a BikeInsure plan cost?

Our 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 loss occurrence, you are responsible for a $100 deductible.

Does BikeInsure offer theft if my bike is stolen?

Yes! Optional theft insurance, with up to $10,000 in protection per bicycle, is an additional $8 monthly. In the event of a loss occurrence, you are responsible for a $250 deductible.

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 eBicycles at no additional cost.

Does your eBike need a standalone bike insurance policy?

Yes! Today's eBikes need a standalone insurance policy.

The BikeInsure plan covers eBikes at no additional cost. In addition, it provides reimbursement for repairs to your eBike and listed accessories due to accidents when riding. Coverage continues during transit of the eBike and extends to a stolen eBike when optional theft protection is selected.

Blaupunkt eBike Henri in Cincinnati, Ohio
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 theft protection 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.

Commuters cycling on Washington, DC protected bike lanes
Are accessories included in the insurance?

Yes, for certain accessories. At the time of enrollment, accessories must be included in the bicycle information and will become a part of the scheduled bicycle definition. Eligible accessories include helmet, computer, action camera, water bottle, bottle cage, light, seat bag, hydration pack, and mounted pump.

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 but not limited to triathlon are covered as competing in competitive cycling events is accepted as normal use of the bike and is covered.

Cannondale Triathlon Bike at Ironman World Championship
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.

May I get coverage for more than one bicycle?

Yes. Additional bicycles may be added to your policy by simply logging into your account and configuring each applicable additional bike. Each additional bike is priced as the initial bike listed on the policy.

Road Bike | Triathlon Bike
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 are the bike insurance currently offered coverage?

The bicycle Insurance is available throughout the United States. Filings have been submitted yet remain pending approval in Florida and Massachusetts.

I have homeowners insurance, why get BikeInsure?

Bikes cost a lot of money and you want to protect your investment.

Many insurance experts advise us to think of today’s homeowners insurance as ‘catastrophic loss protection’. Homeowner’s policies often have high deductibles, multiple claims can lead to cancellation or non-renewal, often have lower limits on certain individual items, and 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 protection you need without compromising your homeowners insurance.

I financed my bike. Does BikeInsure have a free 'loss payee' feature?

Yes. Bike manufacturers, bike shops, credit finance companies, and banks love the BikeInsure Loss Payee feature! 

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. In the event of a non-repairable loss, the proceeds of the claim can be split with the loss payee based on the loss payee remaining financial interest in the bicycle.

I was in a cycling accident. How does my BikeInsure coverage help me?

The Bicycle Insurance can be used to reimburse you for damages to your bicycle and accessories.

Trek Road Bike | Garmin Bike Computer | GoPro Video Camera
What if my bike is in an accident? How much does the bike insurance pay?

BikeInsure physical damage coverage has a $10,000 per bike annual aggregate limit and a $100 per occurrence deductible.

Suppose your bike 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 bike 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 bike 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 Theft Protect coverage 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 bike with a current market substantially identical like kind or quality bike less the per occurrence deductible, not to exceed the stated limit of insurance.

I was injured in a cycling accident. Will my medical bills get covered?

No. The insurance only applies to coverage of the bike.

Am I covered if I go abroad?

No. Coverage only applies to loss which occurs on land 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, in fact, provides the same secure solution to BikeInsure, that is designed and managed in alignment with best security practices and a variety of Information Technology security standards, as it does to 80% of Fortune 500 companies.

What forms of payment do you take for BikeInsure?

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.

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.

How do I file a claim?

File a claim is easy. Simply 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. 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 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 150 years, Americans have trusted Great American Insurance Group to protect them and render best-in-class service.

Is there a Policy Sample of the BikeInsure plan?

Yes! Please click Specimen Policy Sample to review.

How do I get coverage?

It's quick and easy. Get Coverage.