. I wonder what happens if you don't mention a gas motor.
If you dont mention the gas motor and will submit a claim - I assume you will never get paid because this would be considered insurance fraud. As they say - they insure e-bikes. E bikes by definition dont have gas motors , otherwise it is a moped or a motorcycle, for that you use Geico etc
I personally have a policy with Velosurance for my Evelo Aurora which costs me 117 $ / year to insure it in Brooklyn, NY.
I work in insurance related company so I know a little bit about the industry : your bicycle quote just like any car insurance quote will depend on several factors , such as type of the bike , value for which you want to insure it and the zip code you live in. Just like car insurance , same car may cost more to insure in NYC than in Florida.
I also got submit a claim with them once because my bike got stolen. It was chained to a post with a Kryptonite lock while I was visiting my friend. Upon realizing that it got stolen - I immediattely called them (it was 8pm and an actual human representative answered the call), they told me to call the police right away because they needed a police report to go on with a claim. Once the police report was ready , I emailed them a copy of it and other details, such as lock details , what was it chained to etc.
I got the check for the full value of my bike minus the deductible(mine was 100$) in just 5 days. Got myself the same Evelo Aurora and riding it now.
So to get a better picture about their rates , post the value of the bike , and the zip code.
My data : Evelo Aurora , insured for $2100 value , zip : 11215 Yearly insurance cost : 117$/year
Full coverage on just about any new motorcycle would be at least the same price.
The quote doesn't ask about your age, or if you keep your bike in a garage, or if you own you home, how many bikes you have. Usually stuff like that has influence on your premium, so the actual premium might be different than the quote.
Thats right , when you submit their initial 4 step form , you get an approximate quote and a multistep form to provide details such as # of bikes , types of bikes , area you leave in etc bla bla bla . Same stuff that Geico , Progressive, Allstate do, I guess thats just how it is.
That's about what I pay for 100/300/100 on my car. They're probably thinking that there is a higher risk of theft for the bike.
Good luck with your decision!
Lol , my car was stolen 0 times , my bike got stolen twice. However my friend has 0 stolen bikes to 1 stolen car ratio =) I guess it just depends on what you use more.