What Is The Best Ebike Liability Insurance Near Me in 2023?

This article provides an answer to the question, “What is the best ebike liability insurance near me?

The best ebike liability insurance near me provide their customers with more than just the coverage they require at a reasonable price — only good companies are capable of doing so. From quote to claim, the best ebike liability insurance companies put the customer first, including a simple way to manage policies and make payments.

We’ve eliminated the guesswork from finding the best car insurance companies by analyzing key factors that will impact your customer experience.

We compared large best e-bike liability Insurance companies based on average rates for various types of bikers, coverage features available, levels of complaints, grades for collision claims from auto body repair professionals, and how user-friendly the insurers’ websites are.

Take a look at our top picks below.

Ebike Defination

An electric bicycle is a motorized bicycle with an integrated electric motor that aids in propulsion (e-bike, e-bike, etc.).

E-bikes have rechargeable batteries and can travel at speeds of up to 32 km/h (16 to 20 mph). Speeds of more than 45 km/h are common for high-powered types (28 mph).

Understanding Ebike Liability Insurance

Ebike liability insurance is a type of policy that protects electric bicycles.

It is a comprehensive policy that covers theft, vandalism, vehicle accidents, medical expenses, property damage caused while riding, and even roadside assistance if your e-bike’s battery fails while you’re away from home.

Ebike Liability Insurance Coverage

Most ebike insurance policies cover theft or attempted theft, vandalism, wrecks and collisions, and fire.

Medical expenses, third-party liability, damage sustained while travelling abroad, fee reimbursement, and roadside assistance are all covered by policies, depending on the carrier.

How Can I Find the Best Price on Ebike Liability Insurance Coverage?

When you’ve determined how much ebike insurance you require, it’s time to start looking for a policy. Rates for the same coverage can vary greatly between companies, so it’s a good idea to compare car insurance quotes from multiple insurers.

You won’t know if your rates are high unless you shop around. You can get free quotes online or through an auto insurance agent.

Factors that Impact the Cost of ebike liability insurance

The cost of your ebike liability insurance will vary depending on several factors, including:

• Your driving record
• Your age and driving experience
• Where you live
• Coverage selections
• Deductible amount
• Vehicle model
• Your car insurance history
• Your credit-based insurance score 

What Types of Ebike Liability Insurance Discounts Should I Look For?

When getting ebike liability insurance quotes, inquire about ebike insurance discounts. Discounts for: Typically, you can reduce the cost of your electric bike liability insurance by:

By “bundling” multiple insurance policies, such as auto and home insurance, from the same company.

• Insuring multiple ebikes with the same company.
• Eligibility for a good driver discount.
• If you have a student on your policy, you may be eligible for a discount if they are a good student.
• If you are 55 or older, you should take a defensive driving course.

What are the best ebike liability insurance near me in 2023?

The companies listed below provide the best ebike liability insurance in 2023:

• Cycleplan
• Velosur
• Lexham Insurance
• Bikesure
• ETA Insurance
• Yellow Jersey
• PedalCover
• Laka
• Bikmo
• PedalSure
• Eversure
• Assetsure
• CoverCloud

10 Best Ebike Liability Insurance In UK 2023

#1. Cycleplan

This ebike liability insurance firm specializes in covering all types of bicycles, including e-bikes through its specialized e-bike policies. Cycleplan is the brainchild of Ripe’s people, one of the country’s largest niche insurance providers. With that in mind, it’s one of the oldest companies on this list, and Cycleplan’s reputation alone is enough to give newer companies a run for their money.

Also, Cycleplan’s appeal is heavily reliant on the relatively low-cost premiums it provides. For a costly possession like e-bikes, this can be a real boon for riders who only want the bare necessities when it comes to insuring their models.

Its coverage may be limited, but a solid £30,000 total claim cover isn’t bad either.

Their policies also cover multiple bikes and accessories. You also don’t have to worry about extra fees if you live in a city, and the brand guarantees no premium penalties after a claim is made. Another notable feature is the fixed £5,000,000 public liability insurance.

These benefits, along with the cost-effective policies, are undeniably among Cycleplan’s many advantages.

#2. Velosure

Velosure quickly establishes itself as a pioneer in specialized e-bike insurance in the country. After collaborating with the British Electric Bicycle Association, Velosure was the first to implement the UK’s first e-bike policy in 2014. Unsurprisingly, the company is run by people who have a long history of cycling and a passion for it that extends to other riders.

Indeed, what many clients appreciate about Velosure is not only its steadily decreasing policy costs (as evidenced by yearly trends) but also the fact that you have as much flexibility in customizing your policy as possible. If you want to work with an adaptable company, Velosure should be at the top of your list.

#3. Lexham Insurance

Lexham is another well-known vehicle insurance provider in the United Kingdom. While it is best known for insuring mopeds, scooters, and motorcycles, it has also become a well-known company for insuring electric bicycles.

The company can be proud of nearly 20 years of continuous operation and has since become the UK’s most trusted specialized insurance company. Its current status as a “hands-on” company is undoubtedly one of the primary reasons it has gained such widespread popularity.

Also, Lexham Insurance, like many other specialized e-bike companies, provides coverage on a per-bike basis. Its total claim cover per bike is less than most, at £10,000.

#4. Bikesure

This bike insurance company has been in business since 1990 and is based in King’s Lynn. Bikesure has established itself as an excellent local specialist motorbike broker by accepting all types of motorcycles, scooters, mopeds, and, now, pedelecs.

And we mean all, so if you have a model that is “unusual” or “personalized,” and you have reservations about insuring it, you should give Bikesure a shot.

The company claimed that you only need to pay for the coverage you want, but this is not the case because they instead offer two main policy packages, Secure and. Each one comes with a set of coverages that are detailed on the company’s website.

#5. ETA Insurance

ETA Insurance provides a variety of coverages for the majority of vehicles and travel purposes. It also offers home insurance policies, demonstrating its versatility. With over three decades of experience (founded in 1990), ETA Insurance attributes its growth and longevity to the speed with which it addresses the growing demands for road safety.

The company was a forerunner in the field of cycling insurance in the country. And the fact that it was one of the first in the UK to cover e-bikes only adds to this.

Its e-bike coverage policies, however, are somewhat limited, as it also covers only e-bikes with motors that do not exceed 250 watts. The top speed should not be higher than 15.5 mph.

#6. Yellow Jersey

Yellow Jersey continues to stand out among UK e-bike insurance companies due to the passion it shares with riders of all backgrounds. The company began as a family-owned venture run by three brothers who are all insurance brokers and has been in continuous operation for over 15 years.

They are bikers themselves, so they know what bikers look for in policy coverages. They offer both short-term and annual policies, and you can choose how much you want to insure for any accessories you use.

To make it easier for users to choose, they offer three insurance packages. There are three sections to the list: Essentials, Performance, and Ultimate.

#7. PedalCover

This company was founded in the United Kingdom in 2014, but it didn’t take long to win awards for the rapid growth of its operations. Just over a year after its inception, its founder received numerous entrepreneurship awards.

The company has a partnership with AXA, one of the largest underwriters in the UK. The former handles the majority of the company’s home insurance claims.

#8. Laka

Laka is a group that looks out for one another. When you join Laka, your fellow e-bikers will protect you. When only one person needs to file a claim, the costs are divided and paid for by the group. Eighty per cent of your money is reinvested in the collective: fixing, replacing, assisting, and so on. And the remaining 80% keeps Laka’s wheels turning.

Customers are not charged a set fee because of the collective model. Instead, they compute your monthly contributions – up to a maximum capped amount – based on the claims of the collective. You would pay nothing if no one claimed!
Again, you are not locked into an annual contract with Laka. So, if you want to leave, you can do so at any time.

#9. Bikmo

Bikmo, like some of the other companies on this list, is a young company with only five years of experience in the insurance industry. It’s staffed by bike geeks who have a deep love for technology, and it’s clear that the company understands what e-bike riding is all about, both the good and the bad.

Bikmo is also involved in the local biking community and works to protect the growing number of riders in the UK as well as the environment. Its youth is most likely the reason for its emphasis on simplifying the insurance process. Hiscox, a well-known insurance provider for small businesses, underwrites the company.

The company provides riders with a single e-bike policy that covers almost all of the critical risks.

#10. PedalSure

PedalSure is another rapidly growing e-bike insurance company in the United Kingdom, and for good reason. They simplify the entire e-bike insurance process and provide generous coverage benefits for what can be considered essential e-bike risks. However, the company has a significant disadvantage when it comes to insuring e-bikes because they only accept models with less than 250 watts.

PedalSure was founded in 2014, making it a young insurance company. Nonetheless, it is aware of the risks that the majority of e-bike riders are most concerned about. A cursory examination of its policy guidelines reveals that it prefers to prioritize personal accidents and e-bike damage, as well as theft risks.

Medical coverages on their assistance in a variety of specific injuries that an insured may sustain while riding.

FAQs about Best Ebike Liability Insurance Near Me