E-bike Insurance: Everything You Need to Know HOVSCO

E-bike Insurance: Everything You Need to Know

Let's get down to business and cover everything you need to know about ebike insurance, from what makes it different from other types of coverage, to how to buy it. We'll walk you through each step and are here to answer any questions you may have.

Bicycles vs. Electric Bicycles

Despite their obvious similarities, bicycles and ebikes cannot be confused. Both are good for transportation, exercise, and casual fun. Electric bikes have motors that assist the rider. Despite this, your ebike may not qualify for traditional renters or homeowners insurance policies (which provide only partial or limited coverage).

What makes an e-bike different from a regular bike? Think of it like a typical bike, but with a motor to assist in speed or hilly terrain. The benefits of e-bikes are practical and entertaining without taking the physical fun out of the ride - you pedal, but you get assistance. If you aren't familiar with e-bikes, you will be soon. In just three more years, 130 million e-bikes are expected to be sold in the United States.

You can get an instant quote to insure your electric bike online in minutes if its motor doesn't exceed 750 watts or 28 mph pedal assist (or 20 mph throttle assist), and it doesn't use an auxiliary power source.

What Is Ebike Insurance?

Electric bicycle insurance is a special type of policy for protecting electric bicycles. This policy includes coverage for things like theft, vandalism, accidents with a vehicle, medical payments, property damage you cause while riding, and even roadside assistance if your ebike battery dies while you are away from home. 

Do I need ebike insurance?

Ebike insurance may not be required by law in your country or state. Make sure to check your local laws before hitting the trails, though.

Even if your state doesn't require ebike insurance for your electric bike model, it's still a good idea to have one. As an added bonus, it'll be useful since, let's face it, ebikes are pretty fast. Whether you're commuting to work, zipping around town, or just cruising on the weekends, accidents can happen.

In the same way as traditional cyclists, ebike riders are at risk for:

  • Injuries(e.g. if you accidentally hurt someone else)
  • Robbery

Battery theft is a major concern for electric bike owners. Ebike insurance comes in handy if you don't want to pay out several hundred or even thousands of dollars in case of an accident. Your electric bike insurance policy probably covers you already, so don't open your wallet.

E-bike insurance is required by law?

Is e-bike insurance required by law for electric bicycles? Let me clarify - is e-bike insurance required by law for electric bicycles? In the US, you do not need e-bike insurance.

In this case, it's important to understand that an ebike is not a moped, electric motorcycle, or any other form of motorized vehicle. In an order released on August 30th, 2019, the Department of Interior defined clearly what an ebike is. In its simplest terms, here are the 3 classes of ebikes:

  • Class 1 - Motorized bicycle that provides pedal assist up to 20 MPH
  • Class 2 - Bicycles that can go up to 20 mph with throttle and pedal assist
  • Class 3 - Motorized bicycle that provides pedal assist up to 28 MPH

You do not need to have electric bike insurance if you ride a class 1, 2, or 3 ebike. Ebikes can sometimes even be covered by homeowners insurance. In order to learn more about ebike policies, we encourage everyone to research their local and state laws.

Nevertheless, some may choose to consider purchasing insurance for various reasons.

How Much Does Ebike Insurance Cost?

The cost of ebike insurance can be as low as $100 per year, but it varies according to the individual. There are a number of factors to consider, including the type of ebike you have, its value, the coverage limit on your policy, your deductible, endorsements, discounts, and the provider you choose. In contrast to other types of insurance, your personal profile, such as your age and credit rating, is unlikely to affect your rate.

Is Ebike Insurance Worth It?

Buying ebike insurance can be worthwhile, but it's not necessary for every owner. Your ebike may automatically be covered up to a certain amount by your home, renters, or condo insurance policy. Personal property coverage does not include the unique benefits of ebike insurance, such as roadside assistance, replacement cost coverage, and membership group discounts. Purchasing an ebike insurance policy can be worth the cost if you want to protect your bike and yourself.

What does electric bike insurance cover?

General insurance companies offer comprehensive electric bike insurance policies that can be customized to suit your needs and budget. Insurance can cover the following:

  • Full-value coverage
  • Crash or collision damage
  • Cycling accessories, locks, and other gear
  • Replacement bicycle rentals
  • Roadside assistance
  • Theft from or away from your home, condo, or apartment
  • Vehicle contact or collision damage

Yes, that's right! We cover what your homeowners and renters policies don't. It's affordable, it's easy, and it only takes a few minutes to get an ebike insurance quote.


Investing in e-bikes is a good idea

It is a significant investment if you own an electric bike or are considering buying one. E-bikes can range in price from $1,000 to nearly $3,000, while a high-end e-bike can cost as much as $12,000. It is always a good idea to make sure that you have adequate insurance coverage for e-bikes against damage, theft, or other unforeseen circumstances.

Additionally, e-bikes are often complicated in terms of electrical, mechanical, and computer-controlled systems. Furthermore, they usually travel quickly and for a long distance at a time, making them more vulnerable to loss or damage. Investing in an ebike is an important investment that you must protect.

E-bikes Have Potential Risks

As electric bicycles travel faster and are heavier than regular bicycles, they have a higher demand for liability insurance. Also, this makes them potentially dangerous for causing damage to someone else's property or injury to another person.

Bicyclists who cause an accident without insurance may be held financially liable and face devastating financial obligations.

While e-bikes are seldom involved in third party cycling crashes, that does not mean that the risks are any less real. E-bikes travel faster than regular bikes, so they have the potential to cause more injury to the rider, pedestrians, or property in the event of an accident.

The damages you may be held liable for if you are involved in an e-bike accident without electric bikes insurance could be significant, and the financial liabilities alone could be a catastrophe.

E-bike coverage is very limited in other insurance policies

A traditional homeowners or renters insurance policy provides limited coverage for theft, damage, or liability associated with electric bikes since they are considered motorized vehicles. Furthermore, your typical auto insurance company may not offer electric bicycle insurance as e-bikes are not required to be insured with an auto insurance policy and e-bike riders are not required to possess a valid driver's license.

E-bike insurance is affordable and available

It is true that bicycle insurance exists, and it provides a blend of coverage options between auto, home, and renters insurance. But how much does e-bike insurance cost? E-bike insurance policies typically start at around $100 a year and include a variety of coverage levels and deductible options.

The best part about e-bike insurance is that each policy can be tailored to suit your riding style and needs. Typical coverage includes coverage for theft, collision, fire, attempted theft, vandalism, and hitting a pedestrian.

In addition, covered bikes can get free replacement parts and rental reimbursements.


Personal Accident Insurance

 The cost of repairing the damaged e-bike will have to come out of your own pocket if you've been involved in an accident on your e-bike as an uninsured motorist. If you've got a personal accident section in your electric bicycle insurance policy, then you'll receive a lump sum amount of money if you are seriously injured. This can give you some peace of mind even in the worst-case scenario.

E-Bike Theft Insurance

Theft is always a concern for cyclists. In the event that your lock or chain is cut, many insurance policies will cover your bike, so make sure to protect your e-bike against this risk when buying an insurance policy. The theft section of your electric bicycle insurance policy will cover the cost of a replacement if yours is stolen, which is especially important if your bike is expensive.

Third-Party Liability

When e-bike insurance is brought up, this is likely what you think about. If you are involved in an accident while riding your e-bike, third party liability insurance would cover any damages you might incur as a result. A motorized bike, such as an e-bike, requires third-party liability insurance because it is something that is not often thought of, but that can happen to any rider.

Malicious or Accidental Damage

Accidents and vandalism occur all the time. In spite of the fact that it is not your fault, you may need help paying for any repairs or replacements required. It is important to ensure that your e-bike insurance policy covers accidental and malicious damage, so that you can keep your e-bike in excellent condition no matter what happens.


It's important to know why people may consider purchasing e-bike insurance even though it's not required. Make sure you do thorough research before you buy a policy if it is something you want. Make sure you work with a reputable company that handles claims efficiently. You want to make sure that you get the best e-bike insurance policy. While insurance can be a pricey purchase, it will be well worth it and can also be useful in the event you need it.


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