2025 Bicycle Owner's Guide to the Best Bike & eBike Insurance

The 2025 Bicycle Owner's Guide to the Best Bike & eBike Insurance

Washington, D.C. - January 1, 2025 - BikeInsure, an insurtech company specializing in bicycle insurance for cyclists in the United States, has released the "2025 Bicycle Owner's Guide to the Best Bike & eBike Insurance." Today's cyclists must opt for separate bike insurance to protect their new or used bikes and e-bikes against the risks of riding, transit, and theft that all bike owners face.

The 2025 Bike Owner's Guide to the Best Bicycle and eBike Insurance will outline a financial risk solution provided by separate bike insurance that offers 'peace of mind' for all cycling adults in the United States.

Separate bike insurance, like BikeInsure, is specifically built for bicycles and eBikes. Unlike homeowners' insurance policies considered catastrophic home loss protection and do not offer adequate bicycle coverage and insurance policies that exclude electric bikes due to their classification as motorized vehicles, America's Best Bike Insurance provides comprehensive coverage for both.

Buzzy Cohn, CEO of BikeInsure, stated that "once a cyclist enrolls in bike insurance for their bicycle or e-bike, that includes all listed attached accessories and components, they can ride with confidence, knowing they are only $100 deductible away from a solution if a costly unexpected accident occurs. Notably, 20% of all claims paid out by BikeInsure have been for theft, so securing bicycle theft protection can help alleviate concerns about the risk of a stolen bike, and filing a separate bike insurance claim won't impact any other policies, like homeowners!"

BikeInsure is the Official Bike Insurance provider for every prominent cycling organization in the United States, including USA Cycling, the International Mountain Bicycling Association, USA Triathlon, the League of American Bicyclists, and the Adventure Cycling Association. These esteemed organizations endorse BikeInsure, confirming that it offers the best bike insurance and top-notch customer service.

When 60,000 USA Cycling members understand "Why Bike Insurance Is A Must-Have For Every Bike & E-Bike Owner," they experience greater satisfaction in cycling.

With over 40,000 members in the International Mountain Bicycling Association (IMBA) who "Travel for destination riding, and regularly transport their bikes to trailheads in their local and regional communities, IMBA members will be stoked to have BikeInsure's Transit Protection included when they sign up," which leads to more sustainable cycling.

Among the 300,000 active USA Triathlon members, many recognize that "It is no secret that the bicycle is the most expensive component of triathlon," opting for BikeInsure will reduce the financial risk of owning a triathlon bike, enhancing their connection to the sport they love.

Cyclists across America will no longer ride unaware that separate bike insurance is essential.

Top 3 Reasons Why Cyclists Need Bike Insurance

Reduce the Financial Risks Associated with Bicycle Ownership

A separate bike insurance policy helps reduce the financial risks associated with unexpected accident occurrences of riding, transit, and theft that all bicycle and e-bike owners face in the United States. Bicycles and e-bikes require a separate bike insurance policy to cover these risks adequately. Filing a claim with a separate bike insurance policy, like BikeInsure, will not impact your other insurance policies.

Home insurance is insurance for the home. A bike is insured when it's BikeInsure'd.

BikeInsure is a specialty insurance agency that offers the best and most affordable bicycle insurance for cyclists in the United States. The BikeInsure plan includes bicycle insurance featuring physical damage coverage called 'BikeCoverage,' with a $100 deductible. Additionally, there is optional theft protection called 'TheftProtect,' with a $250 deductible. With BikeInsure, you can receive reimbursement for damages to your bicycle, eBike, trike, adaptive para bicycle, and accessories resulting from riding accidents or during transit. If you choose bicycle theft protection, the bicycle equipment will also be covered if the bike or eBike is stolen.

A Cervelo gravel bike owner with BikeInsure shared their $100 DEDUCTIBLE story, "The BikeInsure claims process was fantastic.

In July 2024, I was riding my 2021 Cervelo Aspero 4 in Austin, Texas, when I overcooked a corner and crashed. I was simply on a training ride and crashed my bike, which fortunately had bike insurance with BikeInsure. The bicycle accident cracked the frame's top tube, damaged a wheel, bottom bracket, shift lever, and bar tape.

The total damage restoration cost, including new OEM parts, labor, and tax, was $3,449.79. However, I only had to pay a $100 out-of-pocket deductible.‍

It was a relief knowing that BikeInsure covered my Cervelo."

Homeowners and Renters Insurance is Inadequate to Protect Bikes

Insurance experts recommend homeowners view home insurance as protection against significant losses rather than as coverage for items like bicycles, even with a scheduled insurance rider.‍

Facts about homeowners insurance:

Deductible‍

A standard deductible for homeowner's insurance usually ranges from $500 to $2,500, with higher-valued homes sometimes having deductibles of $5,000 or more.

Premium increase‍

When a homeowner files a claim, insurance premiums often increase significantly during policy renewal, sometimes by 25% to 60%, depending on the state of residence.

Non-Renewal‍

Insurance companies may choose not to renew (CANCEL) a policy if multiple claims are filed within three years, even if the homeowner has consistently paid their premiums.

CLUE Report‍

Lastly, insurance companies use a Comprehensive Loss Underwriting Exchange (CLUE) database to access consumer claims information when underwriting or rating an insurance policy, which can affect a homeowner's eligibility for coverage.

A Pinarello road bike owner with BikeInsure shared their INSURANCE RIDER story, "I had insured a previous road bike for years by scheduling an insurance rider on my Florida Homeowner's Policy. The extra cost was about 10% of the bike's value, adding over $1,000 annually to my homeowner's premium. I once had a cycling accident, and the insurance rider covered my scheduled bike. I received the payout for my home insurance claim along with a 'Notice of Possible Increased Premiums.'

The sad state of bike insurance significantly improved in 2023 when USA Cycling announced the BikeInsure partnership.

I signed up for BikeInsure, USA Cycling's official bike insurance, because it insures my bike with a separate policy from my homeowner's insurance."

‍BICYCLE OWNERS, Why Risk It?‍

While insuring your bike with your home insurance policy may not provide sufficient coverage due to personal property limits (for example, a $2,500 limit) and exclusions, it's crucial to consider what happens when a bicycle accident happens while riding or transit or if theft occurs!

Homeowners should view their insurance as protection against home losses instead of covering bicycles. If a bicycle claim occurrence is covered by the homeowner's policy, even with a scheduled Rider for the bike, the costs associated with Homeowners or Renters insurance CLAIMS are:

Premium Increase,
Non-Renewal: Cyclists refer to this as Cancellation and
CLUE Reports: Consumers Claim Information when underwriting or rating a home insurance policy, which can impact a homeowner's eligibility for coverage. Cyclists refer to the CLUE Report as UNinsurable with a Private Insurer.

Note: Scheduling a non-electric bicycle as a Rider on a home insurance policy may increase the bike's coverage limits and even lower the homeowner's insurance deductible for the scheduled bicycle. However, home insurance claims still jeopardize your homeowner's insurance policy because they lead to higher homeowners' premiums and non-renewal (cancellation) of the home insurance policy.

ELECTRIC BIKE OWNERS, Alert!

‍Homeowners' insurance policies often exclude e-bikes as the homeowner's property is not covered because e-bikes are classified as motorized vehicles.

BikeInsure is a cost-effective, standalone, primary insurance solution for your e-bike. The BikeInsure smart alternative provides the protection you require.

A Specialized eMountain bike owner with BikeInsure shared their eBIKE HOMEOWNERS INSURANCE EXCLUSION story, "I had a difficult time finding insurance that would cover my E-Bike. I thought my homeowners would cover any loss or theft, but to my surprise, they deny all ebike coverage.

At the beginning of my search, I found other online bike-specific insurance too costly. Then, I came across BikeInsure and decided to give them a call. I spoke with the BikeInsure CEO for quite some time. He was very helpful in explaining to me in great detail the ins and outs of insurance, especially for bicycles. The process was simple, and I found the amount of coverage and the monthly cost to be of good value. I feel secure knowing I have a great policy to protect my much-loved E-bike!

Thanks, BikeInsure, for providing a great product!"

E-bikes likely have No Insurance

Homeowners' insurance policies often exclude electric bikes due to their classification as motorized vehicles. The exclusion of e-bike coverage leaves a void for cyclists who own electric bikes. BikeInsure is the e-bike solution that offers comprehensive riding, transit, and theft coverage for the "3-Class eBike standards" of electric bicycles, which limit the motor's power to 750 Watts.

A Fezzari, now ARI Bikes, eBike owner with BikeInsure, shared their HOMEOWNERS INSURANCE EXCLUSION story, "I went through my Allstate Homeowners Insurance Policy for bike coverage in California with my insurance agent. I discovered that it does not protect the theft of my bicycle if it gets stolen away from my residence.

We looked further into the Allstate coverage of an electric bike because I own a Mountain eBike, and we found the Allstate policy excludes eBikes, "Property we do not cover" is "Motorized land vehicles, including, but not limited to, any land vehicle powered or assisted by a motor or engine."

BikeInsure is the ideal eBike insurance solution."

BikeInsure simplifies and makes bike and eBike insurance more affordable for bicycle owners in the United States. Bicycle and e-bike owners must obtain separate bike insurance for comprehensive bicycle or eBike investment protection.

The Must-See Video Cyclists Can't Afford to Miss

Discover why cyclists pick BikeInsure over the competition

Bicycle and e-Bike Accident Damage

BikeInsure insures against the risk of sudden and accidental direct physical loss to insured new or used bicycle and e-bike equipment. It reimburses your bike's repairs and listed accessories due to riding and transit accidents.

A TREK Madone owner with BikeInsure shared an ACCIDENT CLAIM review, "Last September, I wanted to compare bike insurance with Markel and Velosurance for my Trek Madone. I went to the USA Cycling website and came across BikeInsure.

The USAC official bike insurance BikeInsure proved to be a better product at a better price for accident and theft coverage than the Markel Velosurance policy.

I am now a reviewer for BikeInsure because I had a bike accident at the Tour of Newport News, damaging my top tube, frame, saddle, and GoPro Hero 11. After getting an estimate from my TREK Bike Shop, I filed a claim with BikeInsure and received a check for $6,708."

Bicycle and e-Bike Theft Protection

Bicycle and e-bike theft from and away from home. BikeInsure offers a unique choice compared to other bike insurance providers. BikeInsure allows customers to pay for theft protection with bicycle damage coverage or select bicycle damage coverage only. When optional theft is selected, the policy protects the covered equipment against the financial risk of theft.

BikeInsure provides the broadest definition of bicycle theft and includes language regarding bicycle theft as 'secured property'.

In contrast, another bike insurance policy offers narrower coverage, stating that the bike must be "secured to an immovable object with an appropriate security locking device."

Another bike insurance company has the narrowest requirement, specifying that the bicycle "must be locked by an approved lock to an immovable object."

A Gazelle eBike owner with BikeInsure shared their THEFT CLAIM review, "As I stood in disbelief at the hospital bike rack where my e-bike was stolen, I made a distress call to BikeInsure. To my relief, they answered immediately, ready to guide me through the quick steps to file my theft claim, which began with a police report.

Despite my panic, the process was surprisingly easy. I was blown away at how I felt cared for and valued throughout the claim.‍

The settlement process was also a breeze, thanks to the efficient service of the claim agent. They offered me the choice of receiving a check or having the bike shop directly paid, and I opted for the latter. I picked up my new Gazelle eBike from the bike shop, and my only cost was the small BikeInsure deductible."

Electric Bike Eligible

BikeInsure covers electric bicycles without any additional fees. Eligible e-bikes are the "3-Class eBike standards," with all classes limiting the motor's power to 750 Watts.

In contrast, our bike insurance competition charges a higher premium when an e-bike type is selected at enrollment.

A GoCycle eBike owner with BikeInsure shared their ELECTRIC BIKE INSURANCE story, "I initially chose Sunday's Insurance to insure my GoCycle G4i eBike. However, upon reading their issued policy and understanding the requirements for a specific lock listed on their website in case of theft, I decided to look for a bike insurance policy with more straightforward terms.

Luckily, I came across BikeInsure through Google. Their transparent policy didn't have all the extra details that bothered me about the other provider. My husband and I were looking for a reliable insurance provider for our electric bike, and we are thrilled with BikeInsure's service."

Accessories and Components

BikeInsure includes listed non-stock-attached accessories such as bags, bottle cages, cameras, computers, lights, mounted pumps, and radar as part of its standard coverage, as well as non-stock-attached components like the groupset (gruppo), pedals, power meter, saddle, and wheelset.

In contrast, some bicycle insurance companies may offer these items as more expensive optional coverage or consider them another variable when including add-on accessories and upgraded components to determine the overall bike value, resulting in an increased premium.

Competitive Cycling

Without additional fees, BikeInsure covers competitive rides, such as triathlons, gran fondos, and cycling races.

In contrast, some of our bike insurance competitors impose a premium increase of 60% over their base rates when 'competitive' is selected during enrollment.

Fixed Pricing

BikeInsure offers 'Fixed Pricing,' monthly installment payments, and no additional fees.

BikeInsure competitors offer 'variable pricing,' where the premium price is impacted by factors such as State of Residence, Bike Type, Bike Usage, Bike Material, and Electric Bikes. Some bike insurance competitors may even request a social security number, and factors like Credit-Based Insurance Scoring and FICO Score can also impact their premium price.

BikeInsure is America's Best Comprehensive Bicycle Insurance, offering the original 'Fixed-Price' bicycle insurance it pioneered, available nationwide.

Lowest Deductible

BikeInsure offers the lowest deductibles: $100 for accident damage and $250 for theft. The insured is responsible for the per-occurrence deductible when a claim is paid.

Other bike insurance companies have deductibles as high as $500.

A Canyon road bike owner with BikeInsure shared their ACCIDENT CLAIM $100 DEDUCTIBLE review, "I was riding my 2018 Canyon Ultimate in California when I crashed after hitting a pothole.

I took my bike to Summit Bicycle in Palo Alto for an evaluation. Luckily, I have BikeInsure! The bike shop gave me a written estimate for my bike insurance claim to fix the required handlebar and Shimano derailleur issues. The total damages, including parts, labor, and tax, amounted to $654.31.

Thanks to USA Cycling for offering BikeInsure, the bike shop fixed my Canyon, and I only had to pay the $100 bike insurance deductible.‍

My USA Cycling membership has more than paid for itself, and my bike remains BikeInsure'd!"

Affordable and Convenient Monthly Payments

All bike insurance policies are issued for one year to cover bicycles and e-bikes, as unexpected bicycle accidents or thefts can happen any time during the year. BikeInsure understands the importance of financial flexibility for cyclists and offers an affordable annual insurance policy payable in convenient monthly installments via automatic credit card payments. BikeInsure is unavailable for short-term insurance and may not be paused during the term, as the actuarial data calculates the premium based on offering customers a one-year policy. BikeInsure policies automatically renew for additional one-year terms as long as the policyholder meets the insurer's underwriting guidelines and standards.

BikeInsure does not charge additional fees like some other companies do. Other bike insurance companies may require the full yearly premium to be paid upfront or impose a $6 installment fee for each monthly payment.

A best-in-class Claims process

A quick visit to the BikeInsure website and clicking the Claims button allows insured individuals to securely file a claim. Customers are encouraged to work with their preferred local bike shop for estimates and approved claim resolutions.

A Specialized road bike owner with BikeInsure shared their ACCIDENT CLAIM story, "I crashed my 2023 Specialized Tarmac SL8 while cycling with friends in Arizona. We hit a section of road scraped for construction work. Before I knew it, my wheels were swept out from beneath me, which destroyed my Roval Rapide CLX II carbon wheels, handlebars, shifters, saddle, and carbon saddle rails.

The only painless aspect of my crash was my claims experience with BikeInsure. The lady in claims guided me through making a claim, and I was paid $4,071.58, with only the bike accident deductible of $100 to pay.

‍I tell all my cycling friends that I have BikeInsure, I crashed, and the bike insurance works!"

The Bike Insurance Company to Trust

BikeInsure is the only bike insurance that all major U.S. cycling organizations endorse.

The BikeInsure plan is administered by a licensed insurance producer, BikeInsure, the official bike insurance partner of USA Cycling, International Mountain Bicycling Association (IMBA), and USA Triathlon, and is underwritten by AM Best A+ (Superior) rated carrier Great American Insurance Company. (Rating affirmed December 11, 2024).

According to AM Best, "An A+ (Superior) grade is assigned to insurance companies that have superior ability to meet their financial obligations."

For 153 years, Americans have trusted Great American Insurance Group to protect them and render best-in-class service.

The Simplest SignUp available

Signing up for a BikeInsure plan is a quick and easy process that takes only two minutes to complete.

BikeInsure stands out from other bicycle insurance companies because it does not have any additional underwriting requirements.

In contrast, the sign-up process for other bicycle insurance companies takes significantly longer to obtain a premium quote vs enrollment for coverage for BikeInsure. This delay in the sign-up process with alternative bicycle insurance companies is primarily due to their requirement for numerous questions to qualify for a variable-priced quote. Often, other bike insurance companies' complicated process involves: