Compare electric bicycle insurance providers

 

Electric bikes are quicker there is no arguing that. However, they can also be more dangerous. By adding an electric motor to your bicycle there is a risk of early acceleration and in some cases we have seen the motor even catch fire! It is because of this (among other reasons) that you should get your ebike insurance.

 

Another reason you should get electric bicycle insurance is to cover the risk of theft, which is unfortunately becoming more and more common in the UK. According to UK Crime data, there were over 80,000 reported incidents of bike theft in the UK in 2020, and with electric bikes no doubt being a more prized target, having ebike bicycle insurance in the UK is more important now than ever before.

 

Electric bicycles can start from around £1000 for something of durable quality and can go into the thousands as you increase the quality. However, if you purchase your ebike under the UK Government ‘Cycle to work Scheme 1999’ you can get up to a 30% discount off your electric bicycle and your company will pay for your road bicycle and you can pay it off in a ‘hire purchase’ fashion payment plan, making ebikes in the UK a lot cheaper just by using it to get to work instead of public transport.

 

The following are not covered as standard across most electric bike insurance policies but can be added as extras:

• Accessories- If the accessories on your bike (GPS, lights etc.) get stolen or even vandalised, you can pay an additional fee to have them covered 
• Cycling Abroad- You can pay an additional fee to have your electric bike covered to ride outside of the UK 
• Competitive Use- Some Providers will even provide an option to have your bicycle insured for competitive use, however with electric bikes it is less common 
• Third Party Liability- This can be added to cover any damages your electric bike could make to a car or injuries it may cause in the event of crashes 

 

 

Yes, it is possible to save money on your bicycle insurance in these two ways: 

 

Bike value - Make sure that you insure your bicycle for its current value, not the purchase price when you are asked to input the value of your ebike.
Optional add-ons - Make sure you only pay for additional extras if you know you’re going to need it.