Bike Insurance

Unlike driving, insurance for road cycling isn’t required by law (yet). So getting insurance cover for your bike is your choice, but if you love your bike, you’ll want to make sure it’s fully insured.

An Oyster policy is a specialized insurance policy that provides comprehensive coverage against unforeseen scenarios specific to bikes. Coverages include theft, crash damage, medical payments, and liability coverage - and are typically neglected by your standard homeowners or renters insurance.

Bike coverage under a homeowners or renters policy is typically very limited and very restrictive. Homeowners and renters insurance usually have very low limits (e.g. $500), meaning that you are only partially covered for any bike above this price. Deductibles are also often high and should you need to file a claim against your policy, there is a risk that your homeowner insurance rates increase. In addition, most homeowners or renters policies don’t normally provide coverage for damage while riding your bike and theft coverage is often limited.

Our bicycle policy is built specifically for you and your bike, offering full replacement value and the most important coverages, all with flexible deductibles. Plus, coverage through Oyster means your homeowners or renters insurance rates won’t increase if you need to file a claim.

We sure do! We see electric bikes as a key part of a greener future and a great way to get around. We insure any electric bike with a power assist that does not exceed 750 watts and a top speed of 28 mph, including class 1, class 2, and class 3 eBikes.

There is no real "average" policy as many factors affect the price of insurance (e.g. type of bike, price of the bike, how you use it). That being said, insurance is a small price to pay to make sure you are protected should the unthinkable happen. It takes less than 2 minutes to get a quote for a policy with Oyster, so that's the best way to find out exactly how much insurance will cost you.

Yes, if you select our 'Competitive' usage option then any coverages you purchase are in full force while you're competing in an event. Good luck on the course!

We don’t require a specific lock, but we strongly recommend securing your bicycle to an immovable object with a high-quality U-Lock or a quality-tested lock and chain. Avoid using cable locks to secure your insured bicycle.

No, we currently do not cover e-scooters. However, we are hoping to offer this coverage in the future. If you’d like to be notified once this coverage becomes available, please contact our support team and provide your email address.

Yes, you can insure your child as the primary operator of the bike, as long as they are at least 12 years of age. However, the named insured on the policy must be at least 18 years of age. This means that while your child can be the primary user of the insured bike, the policy itself must be under the name of an adult who is 18 years or older.