Finest Electrical Bike (EBike) Insurance coverage Corporations of 2024

Best Common: Markel

Markel is a top-rated insurance coverage protection service that offers ebike insurance coverage protection for as little as $100 per 12 months. Like totally different suppliers on our guidelines, Markel solely insures bikes with motors that are 750 watts or beneath, along with pedal-assist ebikes with a top-assisted velocity of 20 mph, throttle assist ebikes with a top-assisted velocity of 20 mph, and pedal-assist ebikes with a top-assisted velocity of 28 mph.

Bodily damage insurance coverage protection is obtainable with deductibles between roughly $200 and $500, which contains vandalism, crash damage, and collisions with one different rider—with safety decisions for racing, too. Further security is obtainable at no additional value, along with spare components and tools security (as a lot as spherical $1,000 full per time interval), substitute value safety (at full price), theft security, and transit security (contained in the U.S. and Canada). Worldwide bodily damage will also be on the market.

Markel moreover provides the following safety: Bicycle obligation security with limits on the market from about $25,000 to $100,000; automobile contact security that covers damage for those who occur to’re hit by one different driver; medical funds with limits from roughly $1,000 to $10,000; roadside assist for about $12 per 12 months, per bicycle.

What’s additional, Markel gives rental reimbursement in case your bike is damaged and aggressive event cost reimbursement for aggressive cyclists for those who occur to’re unable to compete in a race. Claims are typically paid inside seven to 10 enterprise days of receiving the necessary documentation.

Why it’s a match for Treehugger: Markel is our greatest selection for ebike insurance coverage protection as a result of large collection of safety decisions that could be personalised for everyone from bike commuters to aggressive cyclists.

Best Group of Bike Retailers: Velosurance

Velosurance is a nationwide insurance coverage protection service that factors ebike insurance coverage insurance policies underwritten by our prime select—Markel American Insurance coverage protection Agency. Bikes are insured at their full price—barely than being depreciated over time—so that you just’ll be able to substitute your ebike with one factor associated throughout the case of a whole loss.

Core Velosurance insurance coverage insurance policies start at roughly $100 per 12 months and embody security for unintentional damage, theft, and loss in transit, nevertheless purchasers can customise their plan with fairly just a few add-ons. Further safety decisions embody: medical safety, roadside assist, along with as a lot as 35 miles of transportation per breakdown as a lot as 5 events a 12 months, and obligation security with safety limits of roughly $25,000, $50,000, or $100,000 per incidence.

As with Markel, Velosurance provides insurance coverage insurance policies for all electric-assist bikes as a lot as 750 nominal watts. And, together with its intensive ebike safety, Velosurance works with a nationwide group of native bike retailers, so you’ll get your bike repaired at your favorite one.

Purchasers who should journey exterior of the U.S. and Canada can also reap the advantages of worldwide safety for bodily damage and theft—along with whereas your bike is with the airline.

Why it’s a match for Treehugger: We love Velosurance resulting from its dedication to providing purchasers top-quality service by its intensive group of accepted bike retailers.

Best Commuter EBike Insurance coverage protection: Spoke

Based mostly in 2012, SPOKE was the first bicycle insurance coverage protection agency throughout the U.S. and provides full, stand-alone bicycle insurance coverage protection, along with for ebikes.

SPOKE is now underwritten by Markel and distributed by Marsh & McLennan Firm and, for that motive, provides terribly sturdy safety decisions. The service will also be value highlighting because of it gives ebike- and commuter-specific insurance coverage insurance policies for as little as roughly $100 per 12 months.

And, as with Velosurance and totally different Markel suppliers, roadside assistance is obtainable and encompasses a group of larger than 10,000 tow truck companies all through the U.S. and transportation inside a 35-mile safety zone as a lot as 5 events a 12 months.

SPOKE requires potential purchasers to supply their contact information sooner than buying a protection quote. You’ll even have the selection to enter your Social Security amount (whereas this isn’t required, it could result in a additional right estimate).

Why it’s a match for Treehugger: Spoke is a superb selection for Treehugger readers resulting from its full decisions for commuters.

Best Multi-Bike Insurance coverage insurance policies: Sundays Insurance coverage protection

As with lots of our prime selections, Sundays Insurance coverage protection provides bicycle and ebike insurance coverage protection that’s underwritten by Tokio Marine.

Sundays doesn’t current any regular pricing information on its website, nonetheless it makes it easy to get a whole quote with out having to supply personal information like your Social Security amount or dwelling sort out. It’s our greatest selection for multi-bike insurance coverage insurance policies for the same motive—it’s very simple in order so as to add quite a few bikes when setting up an estimate.

As an illustration, a New York-based proprietor with a $1,500 ebike, 5 years of utilizing experience, and primarily casual and commuter use, could have a protection that costs spherical $30 per thirty days ($365 per 12 months) with a deductible of about $300. This protection gives roughly $50,000 in bicycle obligation, $25,000 concerned security, and $5,000 medical funds—nevertheless does not embody worldwide safety. This safety and pricing is a sample we obtained, prices will differ based totally by your self personal information and house.

Why it’s a match for Treehugger: Sundays stands out resulting from how easy it is to get a whole protection quote for quite a few ebikes immediately.