The Best Ebike (Electric Bike) Insurance in 2021 Leave a comment

 Simple Bike Insurance

If you have a growing bicycle collection, we recommend a policy from Simple Bike Insurance, which has customizable coverage, free protection for competitive cyclists, and best of all, discounts for insuring multiple bikes.


  • Coverage is available nationwide

  • Several discounts offered for policy savings

  • Low-cost policies start at just $100 per year

Ebike owners who have multiple bikes they want to insure should consider a policy from Simple Bike Insurance. The company offers a generous discount if you add multiple bikes to the same policy, and you can get the discount for insuring a combination of bikes, like ebikes, road bikes, mountain bikes, and cruisers. Ebikes qualify for coverage as long as they are under 750 watts and 28 mph (with power assist).

Simple Bike Insurance policies offer a good range of coverage. You can get collision coverage (up to $10,000), liability insurance (up to $25,000), medical payments (up to $1,000), worldwide physical damage protection, roadside assistance coverage, spare parts coverage (up to $1,000), competition fee reimbursement, and rental bike replacement, among others. Policies cover your bike anywhere in the United States and Canada and include worldwide physical damage protection.

Policies from Simple Bike Insurance start at just $100 per year, and you can choose a deductible anywhere from $200 to $500. You can email an agent to file a claim, and there are no repair restrictions if your bike needs to get fixed after a covered loss.

In addition to the multi-bike discount, Simple Bike Insurance also has a discount for certain membership organizations. If you belong to USA Cycling, USA Triathlon, or the IMBA, you can qualify for a 10% discount on your rate. 

Another benefit of Simple Bike Insurance is that it’s easy to get a quote online, but if you have questions about coverage, you’ll either have to call an agent or submit the online help form. 

Simple Bike Insurance’s policies are underwritten by Markel Insurance, and coverage is available in all 50 states. The company only sells bike insurance, so, unfortunately, you won’t be able to bundle your policies.

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