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Bicycle insurance

Bicycle insurance policies as low as $100 per year.*

Get a fast, free online quote today.

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Or call +1.800.236.2453 to speak with a bicycle insurance specialist.

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Your bike is uniquely yours. Your insurance policy should be too.

Transportation. Recreation. Fitness. Competition. Relaxation. No matter your reason for riding, we understand that your bike matters to you. With over 10 years of experience in specialized bicycle insurance protection, we offer customized coverage to fit you, your bike and your riding style—as well as important things like spare parts, cycling apparel and accessories.

Why do you need bicycle insurance?

From medical expenses to replacement costs, a stand-alone bicycle insurance policy can help address additional costs typically not covered under your homeowners or renters insurance. If you ever need to file a claim, your current policy may be filled with exclusions and restrictions that limit the replacement cost. You may also run the risk of your homeowners insurance premium increasing if you make a claim for a damaged bike.

Still not sure?

See how an average homeowners insurance policy stacks up against Markel's bicycle insurance:**

Policy coverage Average homeowners policy Markel bicycle policy
Insured at full value† Not likely Yes
Crash damage No Yes
Theft coverage Limited Yes
Theft away from home Limited Yes
Vehicle contact protection No Yes
Personal liability Yes Yes
Replacement bike rental No Yes
Event fee reimbursement No Yes
Cycling apparel Not likely Yes
Medical payments Not likely Yes
Racing coverage No Yes
Spare parts insured Not likely Yes
Covered in transit Not likely Yes
Worldwide physical damage Not likely Yes
Roadside assistance Not likely Yes
Coverage for electric bikes Limited Yes

Provided for illustrative purposes only. **Terms and conditions may vary. †Your homeowners coverage may not be designed to cover your bike at full replacement cost, typically actual cash value (ACV) is offered.

What we offer

We offer coverage for a variety of bicycles, including:

  • BMX
  • Hybrid/cruiser
  • Mountain
  • Recumbent
  • Road/track
  • Electric bikes
  • Tandem
  • Tricycle

Our coverages can include:

Bicycle physical damage insurance protection
Provides coverage for repairs or replacement of your bike if it's damaged or goes missing. You pick the value limit of your bike, and we can cover things like vandalism, crash damage or a collision with another rider. We can even offer insurance protection to you while racing. Deductibles range from $200 to $500.

At no additional cost, bicycle physical damage insurance protection can also include:

  • Protection for spare parts and accessories—up to $500 in coverage for spare parts and $500 for riding apparel per claim ($1,000 total per policy term).
  • Replacement cost coverage—your bike is insured at full value.
  • Theft protection—at or away from home.
  • Transit protection—provides coverage for your bike while in transit (by land/air) to and from a location within the United States and Canada.

Worldwide physical damage protection
Optional worldwide physical damage insurance protection is available for when you travel outside of the U.S./Canada with your bicycle.

We offer coverage for three classes of electric bikes:

  • Pedal assist e-bike with top assisted speed of 20 m.p.h.
  • Throttle assist e-bike with top assisted speed of 20 m.p.h.
  • Pedal assist e-bike with top assisted speed of 28 m.p.h.

Electric bike motors must be 750 watts or under.

Bicycle liability protection
Bicycle liability coverage helps protect you if you are responsible for injuries or property damage to another person or their belongings while using your bicycle. Limits range from $25,000 to $300,000.

Vehicle contact protection
This added coverage gives you the insurance protection you need in case you are hit by a vehicle that doesn’t carry the proper insurance protection to cover your losses. Limits range from $10,000 to $25,000.

Medical payments
Can cover your medical costs if you are injured while riding—up to your policy limit. Limits range from $1,000 to $10,000.

Roadside assistance
With this coverage, you can get nationwide 24-hour emergency service with up to 35 miles of transportation per breakdown (up to 5 tows per year)—all for only $12 a year per bicycle.

At no extra cost

Rental reimbursement
If you are competing in an organized ride more than 50 miles from home, we offer coverage for renting a substitute bicycle if your bike was damaged or stolen (up to $250 per occurrence) while at the event.

Competitive event fee reimbursement
We can provide coverage for nonrefundable prepaid entry fees up to $500 ($1,000 total per policy term) if your bike is involved in a covered accident and you are unable to compete or participate.

  • Frequently asked questions about bicycle insurance

    • General questions

      Isn't my bicycle covered under my homeowner's insurance?
      While your bicycle may have some coverage under your homeowners policy, there are usually restrictions on the value of the bike and the types of losses that would be covered. With a bicycle insurance policy from Markel, your policy is built specifically for you and your bike. Plus, having a bicycle policy means your homeowners insurance rates won't increase if you file a claim involving your bicycle.

      What happens when I buy a new bike?
      Whether you're replacing your current bicycle or adding to your collection, we'll automatically extend your current coverage to the new bike for up to 30 days from the time of purchase. Just let us know before the 30 days are up for coverage to extend beyond that time.

      What about my apparel? Spare parts? Do you cover these too?
      If you purchase bicycle physical damage coverage and your bicycle is involved in a covered loss, apparel and spare parts may be covered. We automatically include coverage for spare parts (replacements for items that are normally part of the insured bike but were not on the bicycle when the loss occurred) and apparel (clothing or gear worn exclusively when riding the insured bicycle). Both coverages have a separate limit of $500 per loss and a $1,000 limit for the policy period.

      Do you insure electric bikes?
      We can insure bicycles with an auxiliary electric power assist that does not exceed 750 watts and 28 mph. For more information, please visit our e-bike page.

      How much coverage do I need?
      “It depends” isn't what you want to hear, but it's the best way to answer the question. Every cyclist, bike and situation is unique. Your insurance coverage should reflect that. It's important for you to evaluate your individual needs and your personal level of comfort when it comes to risk. From there, you can start to look at coverage options and policy limits. If you need help, feel free to contact one of our specialists at +1.800.236.2453. Remember, we are all about specializing and never generalizing. As such, we'd never give you a “general” recommendation. That wouldn't be right.

      Do you offer coverage for my car rack?
      Sorry, there is no coverage for your car rack on our bicycle insurance policies. However, check with your car insurance company, as coverage is usually provided there.

      How much would it cost, on average, to insure my bicycle for a year?
      Every cyclist and bicycle is unique. The coverages you select, the type of bike you purchase and how you ride are just a few of the many factors that determine the cost of insurance. However, in just a few minutes you can find out exactly how much it would cost to insure your bicycle for a year. All you have to do is complete a bicycle quote online or call one of our insurance specialists at +1.800.236.2453.

      Am I covered while riding in a race?
      Typically, there is no racing exclusion, so any coverages (i.e., bicycle physical damage coverage, bicycle liability coverage, medical payment coverage and vehicle contact protection) purchased on your Markel bicycle insurance policy are in full force while you're competing in a covered event.

      What happens if I am hit by a car while riding my bike?
      We offer several coverage options to help protect you and your bike, such as medical payments, vehicle contact protection and bicycle physical damage protection.

      Where am I covered? Are cross-country bicycle trips allowed or is it only in my state?
      Taking your bike across the country is one of the most alluring parts of riding. That's why our policies automatically allow you to ride in all 50 states (Alaska and Hawaii included). We even throw in Canada. You also have coverage for your bicycle while it's in transit (by land or air) to and from a location within the United States and Canada. You also have the option to extend your bicycle physical damage coverage worldwide by purchasing our optional worldwide physical damage coverage extension.

      Is the bicycle I rent covered by my insurance?
      With our bicycle physical damage coverage, we can provide reimbursement for your bike rental if your insured bicycle is sidelined due to a covered loss or breakdown while you are participating in an organized or competitive event more than 50 miles away from home. Should that happen, we'll provide the same coverage to your rental/substitute bike that you have on the insured bicycle. (The temporary/substitute may not be owned by you and must be used with the permission of the owner.) Sorry, we don’t provide coverage for renting a bicycle on vacations.

      Can I pay online?
      Absolutely, just visit our "pay my bill" page. From there, you can decide if you want to make a payment with a credit card, debit card or checking account. You can decide if you want to make a one-time payment or set up automatic recurring payments, so you never miss a payment.

      Is Markel a financially sound company?
      To view Markel's financial rating, click here.

    • Claims questions

      How do I file a claim?
      We make filing a claim as easy and quick as possible. If you do have an accident, you can submit your claim online or call us at +1.800.236.2453.

      How do you determine the value of my bike?
      Each individual claim is different and evaluated as such. The coverage purchased depends on the value of the bike, age of bicycle, accessories or add-on's to your bike, and the damages sustained.

      How long will it take for my claim to be processed?
      Each claim is different, so there is not a concrete answer. But if we receive all of the necessary documentation (i.e., estimate of damage, photos, receipts, etc.) and have completed our investigation, the claim is processed timely (usually within 7-10 business days).

      Is there anything I can do to help speed up the claim process?
      Yes, you can help streamline the claims and settlement process and avoid delays by providing the following information when you file your claim:

      • Policy number
      • Date, time and location of loss or damage
      • Description of loss or damage
      • Photos of the damage or where the bicycle was stolen
      • Police report
      • Receipts for your bicycle, accessories, spare parts, or apparel
      • Itemized medical bills

Bicycle insurance policies as low as $100 per year.*

Get a fast, free online quote today.

Zip code is required

Or call +1.800.236.2453 to speak with a bicycle insurance specialist.

Retrieve a saved quote

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  • Motorcycle

    In collaboration with Voom, we're excited to offer a pay-per-mile motorcycle insurance solution.

*As of December 2023, the minimum annual premium is $100 and rates could exceed $100 depending on the coverage options selected and value of the bicycle to be insured.