Top 7 Specialized E-Bike Insurance Companies in Canada


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By now you have probably gone through the buying phase and you’ve got your first e-bike in Canada. It might be you haven’t bought one yet, but you are researching the e-biking market and also thinking about how to protect your new investment via specialized e-bike insurance.

If you are looking for specialized insurance for your electric bike in Canada, here is the list of insurance companies to consider:

  1. Velosurance (link to website);
  2. Josslin Insurance (link to website);
  3. The Co-operators (link to website);
  4. Pedal Power Insurance (link to website);
  5. Think Insure (link to website);
  6. Aviva Insurance (link to website);
  7. Intact Insurance (link to website).

I have also included a detailed analysis of each insurance company below, so read on to find out and make your selection.

In case you might be interested, I have written several “how to select your e-bike” posts. Take a look. How to select a city e-bike – in this post. How to select a lady’s e-bike – in this post. How to select a road e-bike – in this post. How to select e-bike for a child – in this post. How to select commuter e-bike – in this post.

Is there specialized e-bike insurance?

The most accurate comparison in insurances is between cars and e-bike insurances. Auto and e-bike insurances are more related than those for an e-bike and a traditional bike, for example. They are certainly really close to motorbikes too, though. From an insurance standpoint, e-bikes are rather expensive, can go fast and are equipped with a motor, so they are often considered motor vehicles and not bicycles.

All of the above implies risks, which in some cases are caused by the rider and in other cases – by third-parties either crashing into your e-bike or attempting to steal it.

You may find yourself wondering how to obtain the right specialized e-bike insurance? What such insurance will be able to cover and what it will not cover. And do you need insurance in the first place to ride an e-bike? Read in this post.

Specialized e-bike insurance in Canada

In this post, we would like to deep-dive into specialized e-bike insurance companies in Canada and what coverage they provide. It appears to be not that easy task to find an insurance company offering full coverage from theft, damage or liability. Most traditional insurance companies have not adapted their policies to e-bikes yet.

This is partially due to the fact that e-bikes are equipped with a motor and they are neither traditional bicycles, nor cars. How to select e-bike insurance? Read in this post.

Another excuse that traditional insurance companies may make is that e-bikes don’t need to be registered and riders do not need to be licensed in order to ride them around. This could make insuring e-bike not simple for traditional insurance companies. Do you need a license to ride an e-bike? Read in this post.

Either way, we are doing the best to help you out and have collected a list of trustworthy insurance companies in Canada that specialize in e-bike insurance. Below is our list of the top 7 specialized e-bike insurance companies in Canada:

1. Velosurance

The first insurer to start insuring e-bike was Velosurance. By the time e-bikes started to be popular and a massive success worldwide, there were zero companies insuring e-bikes. Laws were confusing and risks were plentiful too, as these e-bikes don’t need any paperwork to take them to a ride.

In fact, this company couldn’t have got a more interesting background. It was founded by two cyclists in response to the exact same need we point above and they specialize in insurances for bikes and e-bikes of all kind.

Velosurance started offering full coverage in any kind of scenario for e-bike of all kinds some years ago just proving excellence. As it’s not a big surprise, e-bikes can go up to 3.000$ and they are like shining diamonds for thieves. How much does it cost to own an e-bike? Read in this post.

Velosurance 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

We really love our new e-bikes, but what if you ruin it and a total loss makes you lose everything? That is really unlikely to happen, but it does happen from time to time. You want to have support in case the worst-case scenario ends up happening.

Velosurance believes that your e-bike is worth what you think it’s worth to you, so they will not depreciate your bike over time and in case of a total loss, you will be paid the full value that would allow you to buy a new e-bike.

Theft coverage

Sometimes our worries are not about the accidents themselves, but more about thieves trying to steal our e-bike. It doesn’t matter because Velosurance will cover your stolen e-bike anywhere you are or whenever it was. The insurance will pay for your stolen e-bike even if it’s stolen in your home, car or workplace.

Crash coverage

Whether you are commuting to work, competing with the best or even taking a ride on a trail or road, this insurance will cover anything caused by an accident. This policy will cover the repair of your e-bike, as well as third-parties damages, hitting a pothole or even driving your car with your e-bike on top.

Liability coverage

Velosurance is a company that will protect you from personal liability, whether you incur injuries, sickness, death or damage to property while you are riding your e-bike. The limits offered are 25.000, 50.000 and 100.000.

Road assistance

This policy will offer assistance in case of your e-bike getting a flat tire or any kind of damage on the road. If you find yourself stranded on the road, all you need to do is call Velosurance. The company will provide assistance up to 35 miles of transportation for you and your e-bike.

Medical coverage

This policy will cover medical bills depending on the policy limits.

Bicycle airline shipping coverage

Your e-bike will be covered while you are traveling with it or if you decide to send your e-bike to any part of the world. You will get paid if your e-bike is damaged in transit, by the airline or the courier services you hired.

Velosurance e-bike insurance will not cover:

  • Risks related to a borrowed bicycle.
  • Risks related to cycling gear.

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

2. Josslin Insurance

Years ago, you needed to be really lucky to get your e-bike accepted by an insurance company in Ontario. At that time, the pioneering company was Velosurance, which step by step started offering its e-bike insurance services in all of North America.

However, e-bike insurers were non-existent in Ontario and Josslin was the first company in the region to take step front and start protecting e-bikes with its specialized insurance policies.

Josslin Insurance is an insurance broker with a large portfolio that also has specialized policies for homes, cars, life and more. You may get a better deal if you want to protect more than your e-bike, but let’s get back to the point of this post.

Josslin 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

Josslin is one of the largest insurance companies and the insurance policy will pay exactly the value of e-bike you paid or you think your e-bike is worth. In case of a total loss, theft or accident, your e-bike’s full value will be paid to you so you can purchase a new one. Of course, the more expensive your e-bike is, the more expensive the insurance policy will be.

Theft coverage

Certain e-bikes can be worth more than 3.000$. This makes e-bike purchase a rather heavy investment that needs to be protected. Theft coverage will pay for your stolen e-bike, whether it was stolen from home, office or any secured location you left it.

Crash coverage

This insurance policy will cover all expenses related to an accident whether it was your fault or not. If you damaged any property, vehicle or a third-party damaged you e-bike, crash coverage insurance will pay for the repair and related expenses.

Liability Coverage

Personal liability protection will cover from injuries, sickness or even death. Of course, this policy will cover related risks if you are then riding your e-bike, not when you are not riding it.

Road Assistance

Josslin Insurance will provide the road assistance you need when your e-bike is broken or has a flat tire. This policy will cover assistance and transportation for you and your e-bike.

Medical bills

Depending on the insurance policy, you will have a limit for medical expenses caused by accidents.

Borrowed bicycle

This risk can also be covered by an insurance policy from Josslin.

Josslin e-bike insurance will not cover:

  • Risks related to bicycle airline shipping.
  • Risks related to cycling gear.

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

3. The Co-operators

The Co-operators Insurance company was founded in 1945, and since then, this company has been insuring homes, vehicles of all kinds and almost every insurable asset you can find. The Cooperators were one of the first companies offering e-bike insurance in Canada.

The Cooperators ensures mopeds and e-bikes, but does have certain restrictions:

  • the vehicle has to be motor-assisted with operable pedals.
  • its weight has to be no more than 120 lbs or 55 kilograms.
  • the vehicle cannot have a motor-driven clutch or gearbox
  • the limit speed has to be 50 km/h or 30 mph.

Unless you have a custom-made e-bike that does not match the above restrictions, your regular e-bikes can be insured under standard conditions of The Co-operators.

The Co-operators 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 be covered for the cost of repairs or replacements of your e-bike in the case of a collision, accident, theft or damage. This means that you can pay policy value you think your e-bike is worth. This policy then grants you total coverage in case of a total loss. Your insurance coverage will allow you to purchase a new e-bike of similar value.

A deductible applies to all losses. A deductible is 5% of the insured value, minimum $250, maximum $1000.

Theft coverage

In case thieves put their hands on your new e-bike, this policy will cover all losses, damages and stolen items. In case you store your e-bike in a secure location, and if it gets stolen, this policy will cover your losses.

Crash coverage

The moment you pay your policy is the exact same moment when you are going to be covered against all kind of accidents or collisions produced by you or third-parties.

Liability Coverage

If you are held legally liable for injuries of others or damage to another person’s property, your insurance company will pay up the total amount defines in your policy. You remain responsible above the defined limits.

Road Assistance

Road assistance is provided in case of broken parts or a flat tire on your e-bike.

Medical coverage

Depending on your policy limit, your medical expenses will be covered when riding your e-bike.

Cycling gear

Cycling gear can also be covered under the related insurance policy.

The Co-operators e-bike insurance will not cover:

  • Risks related to bicycle airline shipping.
  • Risks related to cycling gear.
  • Risks related to a borrowed bicycle.

In case you are interested to learn further details and exact policy conditions, here is the link to The Co-operators insurance website.

4. Pedal Power Insurance

This company is mostly known because it is less expensive than others in the group. Pedal Power Insurance is a relatively new company and its website would benefit from a facelift. and its website let us know that, and its poor taste on design.

Still, it is a reliable and trustworthy insurance company to protect your new e-bike, which is shown by multiple positive reviews.

As in all cases, the cost of your specialized e-bike insurance policy will depend on your e-bike and the cost of it. For reference, insurance cost can be as low as 30-50$ yearly. However, this kind of coverage will only protect you from some risks and not all risks you can be involved in (we hope – not!) as a cyclist.

Pedal Power 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

This insurance policy will your e-bike anywhere you are in Canada and the continental United States. If you are involved in an accident and happen to total your e-bike, the insurance policy will pay out the exact amount defined in your policy.

Theft coverage

If you are storing your e-bike in a safe place, you are eligible to get reimbursed in case of any thief activity. Whether you are missing some parts or thieves have stolen your e-bike, while it was safely located in your house, office, garage or car, you will get covered.

Crash coverage

Personal accident or crash coverage policy is ready to cover all expenses related to an accident, even if you are riding as a passenger. You are able to insure more than one e-bike with one policy.

Liability coverage

Provides legal liability insurance coverage, including coverage of defense costs in case you are held legally responsible for injuries of third parties or damages of third-party properties.

Medical coverage

Your medical bills will be covered by this policy if you have been part of an accident. Limits apply and are established at the time of signature.

Pedal Power Insurance tends to respond to all inquiries really fast. Which makes them a good and economical choice when it comes to ensuring any e-bike with any kind of motor. As they put it: ‘‘It can be insured as long it has a motor and pedals on it’’.

Pedal Power e-bike insurance will not cover:

  • Risks related to bicycle airline shipping.
  • Risks related to cycling gear.
  • Risks related to a borrowed bicycle.
  • Risks related to road assistance.

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

5. Think Insure

Another big insures broker in Canada is Think Insure working for over 45 years in the country. When we are looking to protect our new e-bike, what comes to our minds are reliability, professionality, and coverage. Think Insure is a company that excels in those elements.

However, this is a company that is known for prices that are a little bit higher than with other insurance companies on the market. For example, a member of the community was explaining how Thinksure was charging 120$ annually and 50$ deductible for an e-bike he bought for almost 3.000$. He says it was a little expensive but totally worth it. He couldn’t ensure his e-bike at the exact purchase value as he lost the receipt.

Think Insure 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 case you are involved in an accident or you just lose your e-bike, then Thinksurance will cover the total cost for you to buy another one. Everything is specified in the insurance policy and you will get what you agree it’s worth it.

Theft coverage

It’s not a secret that thieves are eager to find an e-bike that is not protected because its parts are rather expensive. We are talking just for parts, not the whole e-bike. What we want is total coverage whether it’s in our home, office or your car, and Think Insure will cover any damage a thief could do to our e-bike.

Crash coverage

Accidents happen from time to time and riding an e-bike is accompanied by risks. If you are part of an accident and you or a third-party were hit, you all be covered. However, if the third-party is responsible, you are the only one to be covered.

Liability coverage

Thinksure will protect you from any personal liability, whether it is an injury, sickness, death or damage to property or other bikes/vehicles while you are riding your e-bike. The limits offered are established in the policy.

Road assistance

Inconveniences do happen, unfortunately, and that is a matter of fact when we are riding our e-bike around. It might a flat tire, a disruptive battery or any kind of failure in your e-bike. Road assistance will be there to help.

Medical bills

Medical coverage could be part of the policy within the limits you establish at the time of contract signature.

Think Insure e-bike insurance will not cover:

  • Risks related to bicycle airline shipping.
  • Risks related to cycling gear.
  • Risks related to a borrowed bicycle.

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

6. Aviva Insurance

This insurance company is one of the most popular in Canada due to its flexible policies and conditions. It was created by a merger between two British insurance firms in 1998 and operates in more than 16 countries with a solid 33 million customer base.

Aviva Insurance has been insuring bicycles for a long time, and it is now providing a specialized insurance policy for new e-bikes for the total cost. Initially, there was a coverage limit of 1,000$.

If you already use Aviva Insurance as your household insurance company, you are more likely to prefer their services over those of other insurance companies. It is usually just easier to open a new policy for you e-bike with your existing household insurance firm than start the process all over again with a new insurance company.

Aviva 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 can have peace of mind, as Aviva is a really professional company that offers complete coverage of the total cost of your e-bike. You will get paid in case your e-bike gets stolen or destroyed. In the past, Aviva was limiting the coverage to pay e-bikes for up to 1.000$. Now full coverage is provided.

Theft coverage

You will be covered if your e-bike is stolen from your garage or from another location, where it was safely stored. Keep in mind that insurance companies could claim that your e-bike was not stored in a secure location. Then, you run a risk of not been paid if the e-bike has been stolen. If your e-bike has been a victim of thieves in the safety of a house, office or car, then you will be covered from damages, lots parts or even the full cost of your e-bike.

Crash coverage

Either your fault or third-parties’ fault, you will get covered and protected with the policy offered by Aviva. Any kind of damages done to your e-bike, other people’s property, and injuries will be covered if crash coverage risk is included in your policy.

Liability coverage

You will be protected from any personal liability, whether it’s your fault or no. When riding your e-bike, you will be granted with total coverage from accidents, injuries, death, and even other people’s damages.

Road assistance

If you find yourself with a broken pedal, a dysfunctional battery or anywhere in between while you are riding your e-bike in the road, then you are eligible to road assistances services for you and your e-bike.

Medical bills

In case of an accident requiring medical help, caused by you or third-party, your medical bills will be covered by Aviva. Limits are established at the time of contract signature.

Aviva Insurance e-bike insurance will not cover:

  • Risks related to bicycle airline shipping.
  • Risks related to cycling gear.
  • Risks related to a borrowed bicycle.

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

7. Intact Insurance

Intact Insurance is another large contender in the insurance market of Canada. This company has been proving to be trustworthy with lots of positive references. It is worth giving it a try, even though their services may feel a little expensive.

We put this company at the bottom of the list because it can be pricey to cover your e-bike. Nonetheless, most of us could be willing to pay the price for the peace of mind we all want.

Intact insurance is not specializing in e-bike insurance coverage. The company has been offering this service for not that long. This is probably the reason that keeps their prices above average.

A 5.000$ e-bike can be covered for a whopping 300$ a year. Insurance for a 1,500$ e-bike will cost approximately 80-120$ a year.

Intact 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 be covered for the total cost of your e-bike in case it’s destroyed or stolen away from home. If you valued your e-bike at 2.000$, then you will receive exactly that amount so you can buy a new one. Always read the policy carefully and compare what is offered vs what you are looking for.

Theft coverage

If you store your e-bike in a safe place, let’s say anchored to a secure poll, your office or even racked up in your car or trailer, then you will get paid in case it is stolen. Intact Insurance will cover you for the loss of the e-bike or damages, or for missing parts.

Crash coverage

Sometimes we are guilty of accidents, it is normal that we all make mistakes. This could be our fault or somebody else’s fault. Whatever the case is, you will be covered for damages ranging from your e-bike and properties to those of third-parties.

Liability coverage

If you are held legally for personal liability, then you can rely on Intact Insurance to cover you from legal issues, accidents, injuries, etc.

Road assistance

No need to be afraid of getting a flat tire or a broken part in the middle of your e-biking trip. Intact Insurance can help with road assistance coverage to protect from inconveniences on the road.

Medical bills

In case of an accident requiring medical assistance, caused by you or third-party, your medical expenses will be covered within the limits of the policy.

Intact Insurance e-bike insurance will not cover:

  • Risks related to bicycle airline shipping.
  • Risks related to cycling gear.
  • Risks related to a borrowed bicycle.

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

Check current policy coverage

Although the above post provides our best knowledge of e-bike insurance policies in Canada 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.

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