Top 7 Specialized E-Bike Insurance Companies in Australia


Easy E-Biking - woman riding e-bike nature, helping to make electric biking practical and fun

You live or plan on moving to Australia and might be thinking of buying new insurance to protect your e-bike. Or maybe you are thinking of replacing the insurance policy you already have. It could be that your current policy does not clearly specify the risks it would cover.

Whatever the scenario is, we have researched the best specialized e-bike insurance companies in Australia. Here is the list for you to consider:

  1. Velosure (link to website);
  2. Bikesure (link to website);
  3. Wiggle Insurance (link to website);
  4. Real Insurance (link to website);
  5. NRMA Insurance (link to website);
  6. RAC Insurances (link to website);
  7. Swann Insurance (link to website).

Many tend to think that most insurance companies will cover electric bicycles just because these vehicles are similar to traditional bicycles. In fact, an e-bike is far from similar to a traditional bike. From the insurance point of view, it is considered more similar to a motorbike or a car. There are additional risks involved due to e-bike speed and the fact that e-bikes are motor and not entirely human-powered.

One of the reasons insurances are not so easy with covering e-bikes is because e-bikes can be ridden by nearly anybody without licensing or age restrictions, for example.

Do you need a license to ride an electric bike? Read in this post.

Is there a clear difference between a simple e-bike and speed e-bike? Read more in this post.

What age do you need to be to ride an e-bike? Read in this post.

Nevertheless, there is a growing number of specialized insurance offers to cover electric bicycles in Australia. Here is our selection of them:

1. Velosure

Velosure was one of the first companies in Australia to start offering specialized insurance policies covering e-bikes from all range of prices and almost from any kind of risk.

This company is one of the few that claims to cover your e-bike in transit, regular riding, racing, theft and so on. One element to take into account is that Velosure will not cover electric motor retro-fitted e-bikes, which are converted e-bikes.

Does it make sense to buy a new e-bike or a conversion kit? Read in this post.

Let’s take a look at what exactly you can expect from Velosure:

Velosure e-bike insurance will cover:

CoveredNot coveredExtra
Full value insurancex
Theft coveragex
Crash coverage x
Liability coveragex
Road assistance x
Medical coveragex
Airline shipping coveragex
Borrowed bicyclex
Cycling gearx

Full value insurance

Velosure will cover e-bikes from 800$ up to 5.000$-7.000$ if you have lost your e-bike or damaged it to a total loss. You will be fully covered to the value insured.

Theft coverage

Whether it’s for theft away from home or from home, if you have been a victim of a thief, then Velosure will pay for the parts stolen or the whole e-bike if necessary.

Crash coverage

You will be covered for your damages, either it’s for malicious damage or personal accidents.

Road assistance

This company offers you a transit cover, pedal-assisted riding cover, road hazard cover and more. You can be pretty sure you will get the help you need in case of a flat tire or a broken part.

Medical coverage

You will get covered from personal accidents, but not against third-party property damages and injuries.

Bicycle airline shipping coverage

On its policy, Velosure says clearly they will cover your e-bike with a worldwide cover extension which essentially protects your bike all around the globe.

Velosure e-bike insurance will not cover:

Liability coverage

You will not be covered from liability claims with a standard e-bike insurance policy. In order to obtain liability coverage, you will have to also buy a Cyclist liability cover.

Borrowed bicycle

Forget about getting a borrowed e-bike from Velosure when yours is broken.

Cycling gear

The same as the above.

In case you are interested to learn further details and exact policy conditions, here is the link to the Velosure website.

2. Bikesure

Bikesure is another company that appears on top when it comes to prestige and trustworthy services. In our research, we can notice this is a big company that cares about its cyclists with affordable prices and almost full cover policy. As its name suggests, this is an insurance company specialized and focused on e-bikes riders.

This company is not only available in Australia. Bikesure is also present in New Zealand, so you can take this as consideration if you live there or you know someone living there needing a trustworthy insurance company.

There are two types of policies you can buy – Bikesure Sport and Bikesure Pro. Bikesure Sport is an insurance policy exclusively for your e-bike. Bikesure Pro is a policy that covers both your e-bike and your home and contents.

That’s probably the charm and the reason why many people have preferred this company over others on this list. Bikesure is affordable, specializes in e-bikes and offers good coverage as outlined below.

Biksure e-bike insurance will cover:

CoveredNot coveredExtra
Full value insurancex
Theft coveragex
Crash coverage x
Liability coveragex
Road assistance x
Medical coveragex
Airline shipping coveragex
Borrowed bicyclex
Cycling gearx

Full value insurance

You will get the full value of your e-bike as established in the policy in case of loss. Whether it’s inside your home or out, the policy will cover the integrity of your e-bike worldwide. Bikesure Sport cover e-bikes valued from 1.500 $ to 20.000$, but Bikesure Pro will cover everything regardless of its price.

Theft coverage

Both policies will cover you from almost all scenarios of theft. However, pay attention to the details of the policies and how your e-bike needs to be stored in order to be fully covered.

Crash coverage

You will be covered in both policies if you are facing a crash accident. You can even transport your e-bike on your car with total protection.

Liability coverage

Bikesure Pro policy includes a 20.000.000$ legal liability for any kind of damages and injuries to third-parties. However, Bikesure Sport policy doesn’t include any legal liability cover. If you are the one, who is injured, you won’t be covered by either the Bikesure Pro policy or Bikesure Sport.

Cycling gear

The only policy that will cover your accessories and gear lost or damaged is the Bikesure Pro.

Bikesure e-bike insurance will not cover:

Medical coverage

You won’t be protected with any medical coverage in either of the policies.

Road assistance

Be aware you won’t get help if you are stuck or need help on the road.

Borrowed bicycle

There are not borrowed bicycle coverage with Bikesure.

Bicycle airline shipping coverage

You can be covered while traveling with or without your e-bike. This coverage comes with an extra fee and is not included in any policy by default.

In case you are interested to learn further details and exact policy conditions, here is the link to the Bikesure website.

3. Wiggle Insurance

Wiggle is a company that is recognized to be transparent. You can buy your policy and protect your e-bike for as little as 100$ a year with the basic e-bike insurance policy, which is called the Essential.

There are two types of policies: the Essential and the Comprehensive.

Each of the two plans has its own advantages and disadvantages, risks that it covers and does not cover.

Wiggle e-bike insurance will cover:

CoveredNot coveredExtra
Full value insurancex
Theft coveragex
Crash coverage x
Liability coveragex
Road assistance x
Medical coveragex
Airline shipping coveragex
Borrowed bicyclex
Cycling gearx

Full value insurance

You have two layers of protection with Wiggle Insurance. The Essential policy will cover up to 1,500$ in case of loss, theft at or away from home. The Comprehensive policy will cover you up to 30.000$. You will have to pay a higher premium for this extended coverage.

Theft coverage

It’s the same as above, up to 1,500$ for theft at or away from home and malicious damage under the Essential policy. Up to 30.000$ for the Comprehensive policy.

Crash coverage

Wiggle insurance will cover accidental damages for up to 1.500$ under the Essential policy. The Comprehensive policy will cover up to 30.000$ on accidental damages.

Liability coverage

Third parties’ property and injures will be covered for 10.000.000$ in both policies.

Medical coverage

The Essential policy covers 100.000$ in case of a permanent injury, 50.000$ as death lump sum payment and non-Medicare medical costs for up to 10.000$. The Comprehensive policy covers the same amount.

Bicycle airline shipping coverage

This company will cover everything while you are abroad. This is worldwide coverage.

Wiggle e-bike insurance will not cover:

Road assistance

It’s not covered in any of the policies offered by Wiggle.

Borrowed bicycle

This company doesn’t provide e-bike replacements while yours is in repair.

Cycling gear (optional)

It is not covered in any of the policies, but you can pay an extra fee to include any kind of gear, such as a GPS, a helmet or other e-bike accessory (see my list on this page).

In case you are interested to learn further details and exact policy conditions, here is the link to the Wiggle website.

4. Real Insurance

Real Insurance also offers two policies. One is a more economical version and second on is a more specialized policy. The second policy will cover most of the cases that could happen to your e-bike.

It is worth noting that Real Insurance has a broad range of services. It covers not only e-bikes. You can buy a policy for your house, valuables, and much more.

The Real Bike’s Leisure is the economical version, which will cover an e-bike for up to 3.000$ in value. The Real Bike’s Sport will cover e-bikes 1.000$ and 20.000$.

You can get a quote and protect your e-bike starting at 100$.

Real e-bike insurance will cover:

CoveredNot coveredExtra
Full value insurancex
Theft coveragex
Crash coverage x
Liability coveragex
Road assistance x
Medical coveragex
Airline shipping coveragex
Borrowed bicyclex
Cycling gearx

Full value insurance

In both policies, you will be totally covered and you will get full value insurance in case of accidental damage, theft of transit damage/loss.

Theft coverage

Your e-bike will be covered in case of theft when away from home and theft from inside a locked vehicle. However, the Real Bike Sport will also allow you to cover custom parts, extra wheels, and accessories as well as e-bike gear.

Medical coverage

Real Bike Leisure will not cover medical bills. Real Bike Sport will cover up to 10.000$ in personal injuries.

Bicycle airline shipping coverage

It’s good to know that both policies will protect your e-bike during trips. Policies are limited to cover an e-bike on commercial airlines in Australia.

Cycling gear

You can cover all your accessories, gear and even an extra wheel as well as custom parts under the Real Bike Sport policy.

Real e-bike insurance will not cover:

Crash coverage

In both policies, you won’t get more coverage in case of a crash as they do only cover accidental damages.

Liability coverage

In any of these two policies, you will not find liability coverage.

Road assistance

Real Insurance doesn’t offer any road assistance benefits.

Borrowed bicycle

You won’t get a replacement e-bike from Real Insurance if yours is faulty, damaged or lost.

In case you are interested to learn further details and exact policy conditions, here is the link to the Real website.

5. NRMA Insurances

This is another specialized e-bike insurance company in Australia. It also offers two policies as standard. One is a basic one with a less expensive annual premium. The second is more expensive but also a more comprehensive policy.

NRMA Insurances has its Bike Essential cover and Bike Plus covers. Bike Essential cover is specially created for e-bikes that cost between 1.000$ and 2.000$. While Bike Plus cover will protect your e-bike for up to 20.000$.

NRMA e-bike insurance will cover:

CoveredNot coveredExtra
Full value insurancex
Theft coveragex
Crash coverage x
Liability coveragex
Road assistance x
Medical coveragex
Airline shipping coveragex
Borrowed bicyclex
Cycling gearx

Full value insurance

You will get covered for the total cost of your e-bike for up to 2.000$ on the basic policy and 20.000$ from the Bike Plus cover.

Theft coverage

Total coverage is provided by both policies. Protection against thieves that steal your e-bike from a locked building, securely locked in a safe place or stolen from within a locked vehicle.

Crash coverage

Will cover damages due to crashes and repair your e-bike. Alternatively, you can be paid to repair your e-bike on your own.

Liability coverage

Bike Essential policy will not cover you if you held legally liable for third-party damages. However, Bike Plus offers liability coverage of up to 1.000.000$ including legal costs and expenses.

Cycling gear

Cycling gear is somewhat covered, although not much. NRMA will only pay 5% of the agreed value of e-bike accessories and gear.

NRMA e-bike insurance will not cover:

Medical coverage

No medical coverage is included in any of the policies.

Road assistance

You won’t get insurance help if you are stuck in the middle of the road.

Borrowed bicycle

NRMA would not provide a replacement e-bike to you.

Bicycle airline shipping coverage

You won’t be covered if you ship your e-bike worldwide or locally.

In case you are interested to learn further details and exact policy conditions, here is the link to the NRMA website.

6. RAC Insurances

RAC Insurances is one of the biggest and well-received companies in its market. The company has created affordable policies that can go as low as 2$ per week.

Unlike other insurance companies on this list, RAC only offers one standard coverage. There are no fancy policies, very simple and straightforward. There is one policy in place and no secrets to obtaining more coverage.

RAC e-bike insurance will cover:

CoveredNot coveredExtra
Full value insurancex
Theft coveragex
Crash coverage x
Liability coveragex
Road assistance x
Medical coveragex
Airline shipping coveragex
Borrowed bicyclex
Cycling gearx

Full value insurance

It’s a matter of fact you will get your e-bike paid in case of loss, theft or damages. You will need to agree on its value when signing the policy and that’s the amount that you will receive in case of an insurance claim.

Theft coverage

Your e-bike is covered against theft from a locked building or vehicle as well as fixed object and even vehicle roof rack or fixed vehicle bicycle rack.

Crash coverage

You will be covered in case of accidental or malicious damages.

Liability coverage

RAC will cover your legal liability for accidents, which may occur while you are riding your e-bike. This policy will also cover anyone riding your e-bike with your permission for a total of 10.000.000$.

Cycling gear

RAC will cover e-bike accessories, but only if those accessories are fitted on your e-bike.

Read about my preferred e-bike accessories in this post.

RAC e-bike insurance will not cover:

Medical coverage

RAC insurance policies do not include any medical coverage.

Road assistance

No road assistance will be provided if you are stuck on the road.

Borrowed bicycle

RAC does not offer a borrowed e-bicycle coverage.

Bicycle airline shipping coverage

No coverage will be provided for your e-bike if you send it abroad or locally.

In case you are interested to learn further details and exact policy conditions, here is the link to the RAC website.

7. Swann Insurances

Swann Insurances is traditionally a specialized insurance company for motorbikes. Due to the rising popularity of e-bikes, Swann has also started to cover e-bike insurance policies some years back. Currently, Swann does not offer any other insurance, but for motorbikes, traditional bicycles and e-bikes.

Worth mentioning that Swann will also offer insurance coverage for e-bikes that are two-three years old, and will do this at a reasonable price. This is something that not many insurance companies currently do.

How to select insurance for your e-bike? Check out this post.

Swann e-bike insurance will cover:

CoveredNot coveredExtra
Full value insurancex
Theft coveragex
Crash coverage x
Liability coveragex
Road assistance x
Medical coveragex
Airline shipping coveragex
Borrowed bicyclex
Cycling gearx

Full value insurance

Your e-bike will be valued and covered against theft, damages or loss.

Theft coverage

Whether your e-bike has been stolen while safely locked to a fixed object, car rack or in your home, then you will be covered.

Crash coverage

Swann will cover accidental damages or crash that took place with your e-bike.

Liability coverage

If you are held legally liable, then you will be covered for third-parties damages, death, and injuries for 1.000.000$.

Road assistance

There is a road assistance service that is running 24/7 ready to help you if you get stuck in the middle of the road.

Borrowed bicycle

You will receive a replacement e-bike if yours is faulty, under repair or another insurance case.

Cycling gear

Your helmet and all gear used on your e-bike will be covered against theft or damage. This would apply both to when you are riding your e-bike, or when it is stored in a secure location.

Swan e-bike insurance will not cover:

Bicycle airline shipping coverage

No cover will be provided if you decide to ship your e-bike.

Medical coverage

Swan will not provide any medical coverage.

In case you are interested to learn further details and exact policy conditions, here is the link to the Swann website.

Check current policy coverage

Although the above post provides our best knowledge of e-bike insurance policies in Australia at the time of writing, the above list and company offers may change with time.

With any insurance company and e-bike insurance policy listed above, always visit the company website, request contact documents and check the exact insurance policy conditions as they apply at the time of contract signature.

Companies often review their insurance products, change insurance limits, add and remove covered and not covered risks. Always check conditions that are applicable when you decide to take on specialized insurance for your e-bike.

Other insurance guides available from us:

Top 7 E-Bike Specialized Insurances Companies in Canada – in this post.

Top 7 E-Bike Specialized Insurances Companies in the UK – in this post.

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