Electronic Bike Insurance

Why E-Bike Insurance?

Electric bikes (commonly referred to as e-bikes) are expensive, high potential risks on the road typically not fully covered by homeowners, renter or auto insurances. It’s a risky move for your e-bike to be uninsured. Fortunately, we can find you a policy that is designed specifically for e-bikes to give you the peace of mind you deserve.  Let’s take a closer look at why e-bike insurance is a good move.

E-bikes can be expensive.

If you own an electric bicycle or are planning on buying one, then you know it’s a significant investment. A good quality entry-level e-bike costs upwards of $1,000, an average value e-bike runs around $3,000, and a high-end e-bike costs as much as $12,000. With an investment like that, you want to make sure you have adequate coverage for theft or damage. Additionally, electric bikes are usually complex with mechanical, electrical and computer driven systems that tend to travel fast, for great distances at a time, making them more susceptible to damage or loss.

E-bikes are high potential risks.

E-bikes have a greater need for liability coverage. Electric bikes tend to travel faster and are heavier than bicycles, making them high potential risks for causing damage to someone else’s property or bodily harm to another. Without insurance, an e-biker who caused an accident could be personally responsible and face devastating financial liabilities.

Homeowners, renter and auto insurances offer very limited e-bike coverage.

Traditional homeowners and renter insurances typically offer limited coverage (if any) for theft, damage, or liability related to e-bikes because an electric bike is considered a motorized vehicle. In addition, auto insurance companies may not offer e-bike insurance because e-bikes do not need to be registered and e-bike riders are not required to have a valid driver’s license.

E-bike insurance is readily available and affordable.

Electric bike insurance does exist and it provides coverage between auto, home, and renters insurances where there are gaps and fine print exclusions. Town & Country Insurance can offer a stand-alone e-bike insurance policy customized to fit you and your riding style.

Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling. Such terms and availability may vary by state and exclusions may apply. Discounts may not be applied to all policy coverages.