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:
- 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.
- 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.
- 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.