Ebike rules and regulations are different depending on where you live. They also change regularly, as ebikes become more popular and widely used.
Some U.S states have drafted laws requiring ebike riders to have a driver's license, registration, and helmet. But do you need insurance for electric bikes?
Do I Actually Need Insurance for An Ebike?
Just like the other rules and regulations for ebikes, it all depends on where you live. But, even if ebike insurance isn't required by law in your state, you may want to get some anyway.
Some home and car insurance policies provide ebike insurance, but they are no match for dedicated ebike insurance.
Proper ebike insurance covers your bike for theft, damage, and even accidents. The best one also covers collisions and liability insurance.
How Much Does Ebike Insurance Cost?
How much you spend on ebike insurance depends on the insurance company you choose. They will base your annual premium on your requirements, your ebike, and where you live and ride.
You can expect to pay anything from $100 to $250 per year on your ebike insurance. However, it is good to contact a few ebike insurance companies to get some quotes.
Benefits of Having Ebike Insurance
An electric bike can be pricey and a significant investment. Depending on which ebike you buy, you can spend anything from $1,000 to $12,000.
Therefore, losing your electric bike due to theft or damage will not only leave a massive hole in your bank account but can also be highly inconvenient.
In addition to this, some electric bikes have complex electrical and mechanical components. These can be vulnerable to damage if you ride your ebike a lot; they can be costly to replace or repair.
The other thing about electric bikes is that riding one is riskier than a regular bike. This is due to the higher speeds and faster acceleration, which increases the likelihood of causing damage to someone's property or causing injury.
If you don't have ebike insurance and cause an accident, you can be personally liable to pay for damages and medical bills. These could be devastating costs for you.
What Are the Best Ebike Insurance Options for 2022?
We have put together a shortlist of great ebike insurance providers. Check out our recommendations for some excellent options to protect your ebike.
About Velosurance - Best Overall
We believe that Velosurance is the best ebike insurance company. We base our decision on excellent coverage, great policy options, and some features that other ebike insurance providers do not give you.
We also like their range of nationwide repair shops, and that you can get a discount if you are a member of certain cycling clubs. However, you need to contact Velosurance to get a quote, as you cannot get one online. You also need to make sure they provide cover in your state.
About Spoke Insurance - Most Economical
If you are on a tight budget, you may want to check out Spoke ebike insurance. Spoke starts its policies at $100 per year, so you can protect your ebike for less.
Spoke also has lots of options with generous limits. You can also deduct options from the policy to make your premium cheaper. We like that you can get a quote online from the Markel website, but you can only buy a policy if you have Markel home and renters insurance.
About McClain Insurance - Highest Coverage Limit
If you want exceptional cover, McClain is the electric bicycle insurance company for you. This is because they have a high coverage limit, which will give you peace of mind and financial protection.
McClain's policies start at $250 per year and comprehensively financially cover you for damage caused by accidents. You can also use the "Five Minute Insurance Checkup" to ensure your ebike insurance coverage is always up-to-date.
However, McClain doesn't operate in all U.S states, so you need to make sure you are in one of its areas.
Sundays Insurance - Best Option for Traveler
Sundays insurance is ideal for people who travel with their ebike. Their international cover protects your bike from damage, theft, or getting lost while traveling. So if anything happens to your ebike in a cargo hold, you are covered.
It is super easy to get a quote and claim online. You can benefit from extra perks as an extra bonus if you use Strava. Make sure you pay attention to the coverage limits, as they are not exceptionally high.
Simple Bike Insurance - Best for Multi- Bike Policies
Some people can never have enough bikes, so you may want to check out Simple Bike Insurance if you have a few. Simple allows you to customize your coverage and offers discounts for competitive cyclists and people with multiple bikes.
Simple's ebike insurance policies start at $100 per year and cover you across the country. But you need to be at least 18 years old, and the customer support is a bit limited.
About Progressive - Best for Additional Option
If you have homeowners, renters, or condo insurance from Progressive, you can save money by insuring your ebike with Progressive's bike insurance.
The great thing about this is that Progressive is a large and reputable company. The bolt-on ebike insurance policy is likely to be much cheaper than a specific ebike insurance policy.
You can't get an online quote, and there isn't much information about pricing, coverage limits, or deductibles. So you have to contact Progressive directly.
Where to Get the Best Ebike?
Which ebike you buy will all depend on what you want to use it for. But SDREAM has two excellent examples of stylish and practical electric bikes.
If you want something that is comfortable and performs well on a range of surfaces, check out the SDREAM X750S. This is a fat tire electric bike that is tough as it is cool. To make the X750S super practical, SDREAM has given it a foldable frame, so it becomes compact in a matter of seconds.
On the other hand, if you want a practical city bike, you will love the SDREAM Ur 500X. This is also a folding electric bike with a unique and elegant design. It is perfect for the commuter or if you just want something to get around with ease and style.