And a basic policy can be surprisingly cheap – e-bike policies start at around $100 per year and offer a variety of coverage levels and deductible options. You might imagine with the extra power and weight onboard that comes with an e-bike means they would cost more than traditional non-powered e-bikes to insure but this isn’t necessarily the case. For example, UK based specialist bike insurers Bikmo announced in July 2020 that they would cut premiums for
e-bike riders, with new research showing that e-bikers were 38% less likely to make a claim compared to non-assisted riders. Indeed, Bikmo says customers can now insure an e-bike worth £2,000 from £9 a month, which they say is typically 25% less than a standard road bike of the same value.
