Analysis has proven that riders of ebikes pose a 38 per cent decrease danger – within the monetary sense of the phrase – to insurers than riders of typical bikes.
The analysis, which was carried out by cycling insurance provider Bikmo, claims that that is right down to 33 per cent of riders primarily utilizing their ebikes for commuting, a determine it sees set to extend. It additionally believes ebike riders are extra risk-averse too.
Due to their excessive worth, ebikes have been typically seen as being at excessive danger of theft. Nevertheless, Bikmo’s numbers don’t bear this out – greater than 50 per cent of its claims made by ebike house owners had been the results of unintentional harm, the place simply the rider was concerned (i.e. they crashed).
That’s over 5 instances the variety of claims for theft and greater than double the determine for harm attributable to a third-party or that for private damage.
Curiously, Bikmo has recorded zero claims for harm to a third-party attributable to its insured ebike riders. That’s regardless of a notion – largely fuelled by the media – that ebikes are extra harmful than customary bikes.
Cycling UK has also highlighted the lack of evidence suggesting authorized ebikes pose any better danger to pedestrians than the already very low danger posed by non-assisted bicycles.
Bikmo’s analysis additionally confirmed that round 40 per cent of ebike house owners had no insurance coverage. An additional 45 per cent depend on their residence insurance coverage, though Bikmo was eager to spotlight that many insurance policies don’t cowl unintentional harm.
Maybe making an attempt to tempt these riders to purchase into specialist biking insurance coverage, Bikmo has now dropped its insurance coverage premiums for electrical bikes by 25 per cent. For a £2,000 ebike, you might anticipate to pay round £9 per thirty days for a coverage that covers theft, vandalism and unintentional harm.
Bikmo isn’t the one supplier that provides ebike insurance coverage – if you happen to’re in search of a quote to insure your personal ebike or a traditional bike, take a look at BikeRadar’s cycle insurance coverage comparability software to see the duvet and premium completely different insurance coverage corporations can give you.