What’s bicycle insurance?
It helps protect cyclists and their bikes if something happens that’s covered by their policy like theft or crash damage.
You can customize your coverage, whether you ride for transportation, recreation or competition.
A bike policy gives you greater protection than a typical homeowners or renters policy, and includes options for liability, medical payments and even racing coverage.
What types of bikes are covered?
Markel offers coverage for different kinds of bicycles, including but not limited to the following:
- BMX bikes
- Electric bikes, or e-bikes
- Mountain bikes
- Recumbent bikes
- Road or track bikes
- Tandem bikes
How a bicycle policy may help cover your electric bike
Find more information about e-bikes and the types that Markel covers on its bicycle policy.
Custom coverage to fit your needs
Most Markel coverages are optional, so you can get the protection you want. You pick the value limit of your bike, and deductibles range from $200 to $500.
Start with damage and theft protection.
Physical damage coverage could help cover repairs or replacement. It can include the following and more:
- Collision with another rider
- Crash damage
- Spare parts and accessories
- Transit protection to a location within the U.S. and Canada
Like to travel? Add coverage outside the U.S. and Canada.
Worldwide physical damage coverage could help repair or replace your bike.
This option includes all the same physical protection like replacement cost coverage, which means your bike is insured at full value.
Do I need bicycle insurance?
A typical homeowners or renters policy may limit protection for bicycles. If you have a low coverage limit and high deductible, you may end up paying most of the cost to replace your bike. A separate bicycle policy could help pay for repairs or a replacement.
Bicycle insurance FAQ
Policies start at $100 a year. The coverages you select, the value of your of bike and how you ride are some of the factors that determine the cost of a bicycle insurance policy.
Whether you're adding or replacing a bike, your current Markel policy will cover it for up to 30 days from the time you bought it. You’ll need to let Markel know about the new bike before the 30 days are up to make sure you don’t have a gap in coverage.
Yes, if your policy includes bicycle physical damage coverage and your bicycle is involved in a covered loss. Spare parts coverage includes replacements for items that are normally part of the insured bike but were not on the bicycle when the loss occurred. Apparel coverage includes 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.
Our Agency has long-standing relationships with many insurance providers and we monitor those relationships to make sure they meet our standards of customer service. We've worked closely with Markel since 2007. Their specially trained representatives are ready to help make sure you receive a similar level of service you expect from USAA.
Focus on the ride with custom coverage.
Get protection through the USAA Insurance Agency's alliance with Markel.
Have more questions?
Markel has specially trained representatives to help provide the service you expect from USAA.
Call Markel
