Electric bicycles have grown in popularity in recent years. In fact, in 2024, more than one in ten bicycles sold were electric, a big leap from just one in one hundred in 2015. The electric bike market continues to gain momentum, with projections indicating that by 2029, more than every fifth bike sold will be electric.
The invention of e-bikes has made cycling more accessible, allowing those with respiratory issues, limited mobility, the elderly, and those still building their cycling fitness to participate in the sport. Additionally, lots of commuters choose electric cyles as a practical alternative as it allows them to reduce their travel time, avoid crowded public transport and busy roads, as well as save on car parking costs.
What Is An Electric Bike?
An electric bike, also known as an ebike, is an ‘electrically assisted pedal cycle’ (EAPC). They resemble traditional pedal bikes except that attached to the frame is a motor that provides assistance when you pedal. You are still required to pedal as normal, but the motor will give you an extra boost. This motor is powered by a rechargeable battery, usually located in the bottom bracket between the cranks or within the rear wheel hub.
The government has regulations about what qualifies as an EAPC. To meet this classification, your bike must fit the following specifications:
- Must have pedals that can be used to propel it
- Maximum propelling without pedalling is 15.5 mph
- When travelling more than 15.5mph, you cannot propel the bike any faster
- Continuous rated power output of no more than 250 Watts
Does Cover4Cycles Insure Electric Bikes?
Yes, we provide insurance for e-bikes. To insure your electric bicycle, it must meet the aforementioned EAPC guidelines. Electric road bikes, electric mountain bikes, electric cyclo-cross bikes and electric BMX bikes are all covered.
Please be aware that to qualify for insurance, your electric bike must either be purpose-built or professionally converted. Standard road bikes that have been retrofitted as DIY projects are subsequently not eligible for our coverage.
We also cannot provide insurance for electric scooters.
What is Electric Bicycle Insurance? What Does Ebike Insurance Cover?
Electric bicycle insurance functions the same way as standard pedal bike insurance. It’s a specialist insurance policy designed with the needs of cyclists in mind and protects against theft and accidental damage as standard.
In addition to these core protections, you can tailor your policy by adding additional coverage so it suits you. Add-ons include:
- Personal accident cover
- Third-party liability
- Coverage for your cycling accessories
- Worldwide cover
Is Electric Bike Insurance Compulsory?
E-bikes that meet the EAPC classifications don’t require taxing, registration or insurance by law. However, electric cycles are often an expensive purchase, resulting in a high replacement cost too. Their value, alongside their motors and batteries, means your electric bike is vulnerable to thieves.
If your ebike is stolen or damaged and you don’t have coverage, you’ll likely face high costs. Bicycle insurance means you will have essential financial protection in place, giving you utmost peace of mind. Whilst it’s not compulsory, it’s strongly advised.
How Much Does E-Bike Insurance Cost?
The amount your electric bike insurance will cost depends on the make, model and value of your bike, how you intend to use it (leisurely, commuting or competitively) and if you decide to purchase any additional extras. Finding out how much ebike insurance will cost you only requires getting a quick quote!
My E-Bike Can Go Faster Than 15.5 mph – Can I Still Be Covered?
If your electric bike can go faster than 15.5 mph, or its power rating exceeds 250w, then it does not legally qualify as an electric bicycle. Instead, you’ll need to register it as a motorcycle. This requires taxation, licensing and a different type of insurance that we don’t provide at Cover4Cycles.
In Summary
Although not a legal requirement, insurance for your electric bike is a valuable way to protect your investment. The best electric bike insurance will mean you’re safeguarded should your bicycle be stolen or damaged. Don’t leave your bike vulnerable, insure your electric cycle with Cover4Cycles.