Greatest Electrical Bike (EBike) Insurance coverage Firms of 2024

Best Complete: Markel

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

Bodily hurt insurance coverage protection is obtainable with deductibles between roughly $200 and $500, which contains vandalism, crash hurt, and collisions with one different rider—with safety selections for racing, too. Further security is obtainable at no additional worth, along with spare elements and gear security (as a lot as spherical $1,000 entire per time interval), various worth safety (at full price), theft security, and transit security (all through the U.S. and Canada). Worldwide bodily hurt might be on the market.

Markel moreover presents the subsequent safety: Bicycle obligation security with limits on the market from about $25,000 to $100,000; vehicle contact security that covers hurt must you’re hit by one different driver; medical funds with limits from roughly $1,000 to $10,000; roadside assist for about $12 per yr, per bicycle.

What’s further, Markel presents rental reimbursement in case your bike is damaged and aggressive event value reimbursement for aggressive cyclists must you’re unable to compete in a race. Claims are generally paid inside seven to 10 enterprise days of receiving the necessary documentation.

Why it’s a match for Treehugger: Markel is our greatest alternative for ebike insurance coverage protection as a result of massive collection of safety selections that could be custom-made 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 determine—Markel American Insurance coverage protection Agency. Bikes are insured at their full price—comparatively than being depreciated over time—so that you just’ll be succesful to substitute your ebike with one factor comparable throughout the case of a whole loss.

Core Velosurance insurance coverage insurance policies start at roughly $100 per yr and embody security for unintentional hurt, theft, and loss in transit, nevertheless prospects can customise their plan with quite a lot of add-ons. Further safety selections embody: medical safety, roadside assist, along with as a lot as 35 miles of transportation per breakdown as a lot as 5 events a yr, and obligation security with safety limits of roughly $25,000, $50,000, or $100,000 per prevalence.

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

Prospects who should journey exterior of the U.S. and Canada may even profit from worldwide safety for bodily hurt and theft—along with whereas your bike is with the airline.

Why it’s a match for Treehugger: We love Velosurance as a consequence of its dedication to providing purchasers top-quality service by the use of its in depth neighborhood 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 presents 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, presents terribly sturdy safety selections. The service might be worth highlighting on account of it presents ebike- and commuter-specific insurance coverage insurance policies for as little as roughly $100 per yr.

And, as with Velosurance and completely different Markel suppliers, roadside assistance is obtainable and incorporates a neighborhood of higher than 10,000 tow truck corporations all through the U.S. and transportation inside a 35-mile safety zone as a lot as 5 events a yr.

SPOKE requires potential purchasers to supply their contact data sooner than buying a protection quote. You’ll even have the selection to enter your Social Security amount (whereas this isn’t required, it may well finish in a further appropriate estimate).

Why it’s a match for Treehugger: Spoke is a superb alternative for Treehugger readers as a consequence of its full selections for commuters.

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

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

Sundays doesn’t current any regular pricing data on its website online, nonetheless it makes it easy to get a whole quote with out having to supply non-public data like your Social Security amount or residence cope with. It’s our greatest alternative for multi-bike insurance coverage insurance policies for the same motive—it’s very simple in order so as to add various bikes when developing an estimate.

For example, a New York-based proprietor with a $1,500 ebike, 5 years of utilizing experience, and primarily casual and commuter use, might need a protection that costs spherical $30 per thirty days ($365 per yr) with a deductible of about $300. This protection presents roughly $50,000 in bicycle obligation, $25,000 in contact security, and $5,000 medical funds—nevertheless does not embody worldwide safety. This safety and pricing is a sample we obtained, prices will differ primarily based by your self non-public data and area.

Why it’s a match for Treehugger: Sundays stands out as a consequence of how easy it is to get a whole protection quote for various ebikes instantly.