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On the Road

How to Insure Your E-bike

Electric bikes, or e-bikes, are becoming more and more popular among all kinds of riders, with more than 880,000 sold in 2021, according to a recent estimate. That’s nearly double the 450,000 e-bikes sold in 2020. From people who don’t want to own a car, to people who want some help riding a bike, to commuters who don’t want to break a sweat on the way to work, e-bikes are perfect for a wide variety of lifestyles! Fast, energy-efficient and taking the market by storm, electric bikes are here to stay.

Three e-bikes in a bike stand

Whether you’re a new e-bike owner or thinking about buying an e-bike, you may be wondering about what kind of insurance coverage (if any) you need for your new ride. Don’t wait until you need to make a claim to find out you don’t have the right insurance! Here’s what you need to know about insuring an e-bike.

What Are E-bikes?

E-bikes, also known as electric bicycles, power bikes and booster bikes, are bicycles equipped with a computer, battery and auxiliary motor. Many have pedal-assist motors activated through pedaling. Some e-bikes have a throttle-activated or throttle-on-demand system that doesn’t require pedaling to engage the motor. Today, many e-bikes come with smartphone apps that show you key details on your bike, such as battery charge status and where you parked it.

Person setting their e-bike computer

With speeds often topping out around 20 mph, e-bikes might not be fast enough for a long commute, but they can be perfect if you want to get in some exercise while zipping around town or exploring nature. Plus, since most states consider e-bikes to be bicycles, not vehicles, their purchase usually doesn’t come with state licensing and tag processing fees. This makes them a budget-friendly choice for a wide variety of people, with many e-bikes costing between $1,000 and $3,000, although some models can be as affordable as $600 or as expensive as $8,000.

Because e-bikes are considered bicycles by many cities, you can legally ride them on the street and trails in most places (always check your local laws and ordinances before hitting the road). In some cities, e-bikes are even allowed on paved bike trails that are typically off-limits to mopeds or motorcycles.

Can I Insure My E-bike?

The short answer is yes, you can — and should — insure your e-bike! But keep in mind that the coverage needed for an e-bike is different than that of a regular bicycle.

Sometimes, you can get limited insurance for your e-bike through your property coverage, such as your homeowners or renters policy, but this may not be the best option. For example, depending on what type of e-bike you have, your property coverage might insure your e-bike against theft, but may not provide property damage or bodily injury liability coverage, which means you wouldn’t be covered if you’re involved in an accident that damages someone else’s property or results in injuries.

To make sure you’re insured against these kinds of incidents, ask your insurance agent about getting a vehicle policy for your e-bike. For example, you can get robust coverage for your e-bike with a Miscellaneous Vehicle policy from American Family Insurance. Contact your local American Family agent to learn more about the coverages and limits available in your state.

Note that e-bike definitions vary across states and manufacturers, so some e-bikes may be considered mopeds, scooters or dirt bikes for insurance purposes — but no worries, American Family can help you get the right insurance for those, too. Again, your local agent will be happy to help you get the right policy for your unique needs!

3 Steps to Insuring Your E-bike

Whether you ride your e-bike to work or just cruise around town, it’s important to insure it properly. Here are the four steps you need to take to make sure you have the right electric bike insurance coverage:

  1. Do your research. Not all insurance companies offer coverage for e-bikes. Some may offer only limited coverage through existing policies (such as a property policy), while others may offer a separate policy with more comprehensive coverage. A great place to start your research? American Family Insurance! We offer insurance for e-bikes — keep reading to find out how it works.
  2. Find a local insurance agent. E-bike laws and requirements vary from state to state. A local insurance agent can provide you with expert advice and guidance to make sure you’re getting the right insurance policy for your unique needs and your state’s requirements. If you don’t already have a local insurance agent, it’s easy to find one quickly. Find an insurance expert in your state.
  3. Insure your e-bike. When reviewing a potential new policy for your e-bike, look at factors such as monthly premiums, coverage limits, policy options, deductibles and any exclusions. Once you’ve decided which policy is right for you, make sure it’s in place before you hit the road. That way you can enjoy your ride, knowing you’ve got protection against unexpected bumps in the road!

Does American Family Insure Electric Bicycles?

Yes! American Family Insurance offers multiple options for electric bike insurance.

For the most robust protection, we offer a Miscellaneous Vehicles policy, which can include coverage for collision, comprehensive, property damage liability, bodily injury liability, medical expense and more. Be sure to ask your American Family agent about specific policy details, coverages and limits in your state.

Person riding an e-bike on a dirt trails

If you already have a property policy through American Family — such as a homeowners or renters policy — you may be able to get limited coverage for your e-bike through your property policy, depending on what type of e-bike you own. Taking a few minutes to talk to your agent about the options available is the best way to make sure you’re getting the right coverage for your specific needs.

Make Sure Your E-bike Is Covered

Whether you’re traveling across town or exploring the countryside, e-bikes pack a big punch and can help you see your community in new and fun ways. But before you head out on your new ride, check in with your American Family Insurance agent to see what coverage you need so you can ride confidently, knowing you’re properly insured.

This article is for informational purposes only and includes information widely available through different sources.

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