Do E-bikes Need Insurance? Or Can You Ride Without?

Updated:
February 3, 2021
Published:
February 3, 2021

The law requires that cyclists carry some form of insurance, but what about electric bikes?  Insurance for electric bikes is not required by law, but cyclists should consider carrying it anyway.

What are the reasons for doing so?

If you own a bike, you're probably aware of the importance of insurance.  Even if you don't own a bike, you should know that bikes are required to have insurance in a number of places, such as New York City and Ontario.  

But what do you really need bike insurance for?  What kinds of things will bike insurance cover?  And why should you get it?

There are some rules to follow when you are going to buy an electric bike. The first thing that you must do is to choose the one that has the highest rating in terms of quality.

This means that you must do your research thoroughly before you invest in it. Additionally, there are things that you must put in mind if you want to avoid poor-quality bikes.

The use of e-bikes and other electric vehicles has grown exponentially in the last few years.  Most electric bikes are considered to be “motor vehicles” and are therefore subject to the same traffic laws as cars and motorcycles.  

The rules that apply to the use of standard bikes also apply to e-bikes.  However, you must also have an insurance policy that covers your e-bike.  

An e-bike isn’t considered a motor vehicle by the DMV until your speed reaches 20 miles per hour.  E-bike insurance is relatively inexpensive and can be purchased from any insurance provider. 

The importance of E-bike insurance

The news is filled with stories about cars and cyclists in conflict, and it seems like there's a new headline every day of a cyclist getting hit. 

The fact that you're reading this on a bike blog, however, likely means that you're someone who is aware of the importance of safety when it comes to getting around on a bicycle.

One way to keep yourself safe is to buy a bike with an electric motor, or "e-bike". That way, you can commute to work in the morning, and then ride your bike without pedaling as you enjoy the scenery on your way home.

E-bike insurance is more important than most riders realize. Although a lot of e-bike riders are aware that bikes are more vulnerable than regular bikes and that they need to take extra care, the importance of e-bike insurance isn’t always clear.

E-bikes are very expensive, E-bike insurance is not only helpful from a legal perspective, but it can also help you financially.

If you have e-bike insurance, you could be covered for any accidents you cause, or at least have a chance to recover the costs of damages you suffer in an accident that wasn’t your fault. 

Here are a few reasons why you should consider getting it.

E-bikes Are An Investment

An electric bike (also called e-bikes, vertical bikes, or power-assisted bicycles) is a bike that uses electric motors to provide power assistance while cycling. They are powered by batteries and can either be pedelecs (pedal electric cycle) or e-bikes (throttle on demand).

E-bikes are very popular with urban commuters as they are often faster than traditional bikes and allow riders to cover longer distances easily.

This makes them attractive as an alternative to cars.

The main advantages of an e-bike are the potential for fun and less physical effort, the reduction of sound pollution, and the possibility of using the bike in areas where cycling is usually not permitted (like in the carpool lane).

There is no doubt that e-bikes are considered an investment. It is because of the fact that the value of these e-bikes will increase over time for sure.  

You can resell your used e-bike after a few years when you try to sell it. Fortunately, there are many who are still very interested to buy your used e-bike.

What makes the value go up? The main reason why e-bikes are considered as investment is because of the increasing numbers of e-bikes in the market.

The trend of using e-bikes is becoming more and more widespread. The number of e-bikes that are sold to the public is increasing rapidly. 

E-bikes have been around for more than a century, but they've only been popular for about the past decade.

They're gaining popularity so fast that even the most ardent environmentalists are starting to consider them an environmentally-friendly alternative to cars.

The reason for their sudden popularity is that they're an investment. By making an investment in an e-bike today, you're investing in a future that will be full of many more e-bike riders than there are today! 

E-Bike Insurance is Available and Affordable

If you own an electric bike, you are automatically considered an irresponsible cyclist in the eyes of the law.

No matter how carefully you choose to ride, you can be fined for having an electric bike in an area where they are banned, or even for riding one on a bike path.

But you can avoid the legal trouble by insuring your e-bike, so that you can replace it if it's damaged in a crash, or if it's stolen.

The most comprehensive electric bike insurance covers all of the above, and more.

Insurers vary on how they define an electric bike, but it tends to be a bike that has a motor and battery that can provide a continuous power output of up to 500W. 

E-Bike Theft Insurance

It's a major concern for e-bike owners: just how to protect your bike from theft.  One of the most common arguments against e-bikes is that they're just too easy to steal.  

One unconventional (and somewhat ironic) solution is e-bike theft insurance, which can be a godsend for e-bike riders who can't afford a new one.

In Conclusion

Many people in the UK are turning to electric bikes as an option for making their regular journeys to and from work. The fact is that many commuters are looking for a way to avoid the congestion of the roads, and electric bikes give them that option. However, it is important that you have the right insurance in place if you are going to be riding an electric bike.

For example, many insurers are not offering cover to electric bike owners. Other policies are offering limited cover, and you may find that you need to spend extra on policies like theft and vandalism. The fact is that if your bike is stolen and you don't have it insured, you will not be able to afford to buy a new one.

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