Everything You Need To Know About E-Bike Insurance

Ebikes are quickly becoming one of the most popular modes of transportation for both urban and suburban residents, thanks to their ease of use and affordability. When making the switch from a traditional vehicle to an ebike, many people fail to realize the importance of taking out an insurance policy to cover their investment. Electric bike insurance will ensure your ebike is covered in case of an accident or theft, so you can have peace of mind knowing your investment is secure. Let's explore more about the benefits of ebike insurance, including how you can purchase it for yourself so you can enjoy riding your ebike without worry.

E-bike insurance

Why You Need Ebike Insurance 

There are so many benefits to riding an ebike, which is why they are becoming one of the most sought-after modes of transportation. Along with how fun they are, ebikes are also sustainable, affordable, and convenient. Many people use them for everyday transportation, making their daily commute faster and more enjoyable. They are also great for weekend adventures, allowing you to explore your city in style. However, as with all vehicles, there are risks associated with riding an ebike, particularly where other drivers are concerned. 

While you can safely ride in the bike lane on major roads, some motorists may drive irresponsibly and not pay attention to those sharing the road around them. Additionally, ebikes can be stolen if they are not properly secured, either from your home or when parked in public. That's why obtaining e bike insurance is so crucial. E-bike insurance offers financial compensation to cover the unexpected, including accidents, theft, and bodily harm. It ensures you can repair or replace your ebike and get the medical attention you need when you need it. While not legally mandatory, electric bike insurance is the best way to protect yourself and your bike. 

Read also: 10 Tips For Safely Riding A Cargo Bike

Insurance for Electric Bike Options

When it comes to insuring your ebike, you have a few options. There are three main coverage types: theft insurance, damage insurance, and third-party liability insurance. We will explore each option below. 

Ebike Theft Insurance

As the name suggests, theft insurance covers you in case your ebike is stolen, either at home, work, or any other secured location. A comprehensive theft insurance plan will insure the entire value of your ebike without depreciating, so you can replace it at the full value if necessary. The reality is that ebikes are incredibly sought-after, which makes them a target for thieves; protecting your investment with theft insurance can provide peace of mind and security.

Ebike Damage Insurance

The second type of ebike insurance  is damage insurance. These policies cover the cost of damage incurred while riding, which is incredibly important for daily commuters. Even those who only use their ebikes for weekend excursions can benefit from damage e bike insurance, since it covers all forms of accidents. With so many drivers on the road, damage insurance is a must for all ebike riders. 

Third-Party Insurance

Third-party ebike insurance covers property damage and bodily injury. So, if someone hits you with their car, your insurance will help pay to repair the damages and cover any injuries you receive. Similar to damage insurance, all ebike riders should have third-party insurance, especially if they use their bike as their main mode of transportation, to protect them and their investment. 

Deciding which type of electric bike insurance coverage to choose can feel overwhelming, but it doesn't have to be. Ask yourself these questions?

  • How often do I use my ebike?
  • Do I ride my ebike in high-traffic areas?
  • Can I afford to pay for repairs and replacements out of pocket?
  • Does my health insurance cover bodily injury from transportation accidents?
  • Can I store my ebike in a secure location?

Choose an ebike insurance coverage that best aligns with your lifestyle. Coverage is generally very affordable, so finding a comprehensive policy that protects yourself and your ebike won't break the bank. 

Ebike Insurance

What Does Ebike Insurance Cover?

While every coverage plan differs, there are standard inclusions that most insurers follow. 

They include:

  • Theft/ attempted theft.
  • Crash damage.
  • Fire.
  • Collision.
  • Vandalism.
  • Spare parts.
  • Rental reimbursement.
  • Cycle repair.

Depending on the e bike insurance company you choose, there may be exclusions and additional coverage options. Some exclusions include:

  • Drunk driving.
  • Passengers riding for money-making purposes.
  • Inability to prove ownership.
  • Accessory theft.
  • Normal wear.
  • Personal belongings.

If you would like to purchase additional coverage, many policies offer add-on features, including:

  • Medical expenses.
  • Racing coverage.
  • In-transit coverage.
  • Cycling apparel coverage.

As with all auto insurance policies, researching what is and isn't covered before purchasing will protect you from any surprises down the road.

What Factors Influence the Cost of Ebike Insurance?

Many factors can influence the cost of your electric bike insurance. The type of ebike and its value, coverage options, and deductible, along with additional factors like your age, location, and driving history, can directly impact your premium and monthly payment amount. To optimize your insurance cost and maximize benefits, consider the following:

  • Store your ebike in a secure location.
  • Drive safely.
  • Bundle with other insurance policies like home or rental.

How to Purchase Electric Bike Insurance

Purchasing ebike insurance is quick and easy and can be done online or over the phone. Many of the top insurers allow you to compare coverage options on their site and create a custom policy that reflects your needs and usage. To begin:

  1. Choose an insurer and visit their site. Popular options include Velosurance, Spoke, and Sundays. 
  2. Enter your information for an instant quote. Commonly asked questions include your first and last name, zip code, ebike value, and your email. 
  3. Select the insurance coverage option that best fits your budget and desired coverage level.
  4. Enter your payment information.
  5. That's it! 

Many insurers ask for specifics on your ebike that you must provide to obtain proper coverage. Understanding these key terms can make the process easier. They can include:

  • Your bike class - Ebikes come in three classes: Class 1 - Pedal assist up to 20 mph, Class 2 - Throttle and pedal assist up to 20 mph, and Class 3 - Pedal assist up to 28 mph.
  • Premium - The amount you pay to obtain coverage
  • Policy - Your written insurance contract
  • Claim - A loss covered by the policy
  • Deductible - The amount you're responsible for paying before insurance coverage takes over.
  • Limit - The maximum payment amount for the policy.

E-Bike Insurance

Safety Tips to Avoid Accidents and Incidents 

Safe ebike handling is the best way to prevent accidents and incidents. To minimize risks, always wear a helmet, use specified lanes, maintain traffic laws, and store your ebike in a secure location. Implementing common-sense safety measures can help reduce the likelihood of filing an ebike insurance claim. 

Avoiding Common E bike Insurance Mistakes 

When selecting insurance for electric bikes, be sure to research your coverage options thoroughly. Take time to read what is and isn't included in your policy, and consult with an agent if you are unsure about your coverage. People often mistakenly believe they've purchased specific coverage only to find their incident isn't covered, so always thoroughly review your policy before purchasing.


Ebike insurance is the best way to protect your investment, whether it's for daily commutes or weekend fun. There are many affordable coverage options, so be sure to research different companies to find the policy that's right for you. At Ferla, we're dedicated to providing high-quality ebikes that are perfect for everyday use. Explore our full lineup today!