How Much Does eBike Insurance Cost?

Electric bike insurance is a type of insurance specifically designed to cover electric bicycles. These types of bicycles are becoming more and more popular as people look for alternative modes of transportation that are environmentally friendly and good for their health. However, like any other vehicle, e-bikes can be prone to accidental damage and theft, and it's important for riders to protect themselves and their investment by getting insurance.

How much does eBike insurance cost?

The cost of e-bike insurance can vary widely depending on a number of factors, including the type of e-bike you have, your location, and the amount of coverage you want. 

Here are some factors that can impact the cost of e-bike insurance:

Type of e-bike

Different e-bike models can have different insurance costs. For example, a high-end e-bike with advanced features may cost more to insure than a basic model. eBikes also have different battery sizes and speed capabilities. Most insurance will only cover eBikes with a 750 watts battery or less. 

Your location

Insurance costs can vary by region or even by neighborhood. For example, e-bike insurance may be more expensive in a city with a higher crime rate or in an area with a higher frequency of accidents.

Amount of coverage

The more coverage you want, the higher your insurance costs will be. For example, if you want coverage for damage to your e-bike, medical payments, and liability, your insurance will be more expensive than if you only want coverage for damage to your e-bike. Other common insurance extras include roadside assistance, rental reimbursement, and worldwide coverage.


A deductible is the amount of money you have to pay out of pocket before your insurance coverage kicks in. Higher deductibles can lower your insurance costs, but they also mean you'll have to pay more out of pocket if you need to file a claim.

Replacement value vs. actual cash value (ACV)

When it comes to insuring your e-bike, there are typically two coverage types: replacement value and actual cash value (ACV).

Replacement value coverage is designed to cover the cost of replacing your e-bike. For example, if you have a replacement value policy and your e-bike is stolen, the insurance company will pay to replace it with a new one of the same make and model.

Actual cash value (ACV) coverage, on the other hand, takes into account the age and condition of your e-bike, as well as depreciation. For example, if you have an ACV policy and your e-bike is stolen, the insurance company will pay out the value of the e-bike at the time it was stolen, minus any deductibles you may have. It is important to check this in your insurance offers before committing to a policy as it can significantly affect the value of the payout. 

So, how much can you expect to pay for e-bike insurance? It's hard to give a specific number because the cost will depend on various factors, such as the ones listed above.

Insurance is a small price to pay to make sure you are protected should the unthinkable happen and you crash your bike, or it's stolen or damaged whilst you're out and about. You will have peace of mind knowing that insurance is there to cover the costs. It takes less than 2 minutes to get a quote for a policy with Oyster, so that's the best way to find out exactly how much insurance will cost you.

Less hassle, better protection

Join Oyster today to learn how you can be properly protected from the unexpected things in life.

Get Started