Join Bicycle NSW for comprehensive insurance and advocacy.Join Us Today

Ebike Insurance

Ebikes can be fairly costly. Owning an electric bike or thinking about buying one means being prepared for a considerable investment. Entry-level e-bikes of good quality begin at around $1,000, mid-range models can be around $3,000, and the high-end types can reach up to $12,000 plus. With such an investment, making sure you have proper insurance coverage for theft or damage becomes a necessity. In addition, ebikes, with their complex mechanical, electrical, and computer-driven processes, are designed for speed and long distances, which increases their risk of damage or loss.

Homeowners, renters, and auto insurance policies generally provide limited protection for e-bikes. Traditional homeowners and renters insurance often have restricted provisions for theft, damage, or liability concerning e-bikes, because they are categorised as motorised vehicles. Importantly, auto insurers may not cover e-bikes as they don’t need registration, nor do e-bike riders need a valid driver's license.

Bicycle NSW and Oz Insurance

Ebikes are these days considered a very popular form of active transportation. Ebikes provide users with an affordable, environmentally friendly and effective means to commute, workout and explore. With their rising popularity, the demand for comprehensive insurance coverage has also grown. Bicycle NSW, in partnership with Oz Insurance, provides tailored ebike insurance policies that cater to the special needs of bicycle users.

Why Oz Insurance

Ebike insurance from Oz Insurance, in partnership with Bicycle NSW has been a trusted name in the ebike insurance industry for years, specialising in providing coverage for bicycles. Their alliance with Bicycle NSW has enabled them to offer exclusive insurance products designed specifically for the cycling community. This collaboration aims to provide cyclists with peace of mind, knowing that their valuable ebikes are protected against a range of risks.

Policy Information

Oz Insurance provides a range of protection options for ebike insurance covering ebikes against different types of damage and loss. Here are just some of the key features of their ebike insurance policies:

  • Accidental Damage: Covers the cost of repairs or replacement if your ebike is accidentally damaged.
  • Theft: Provides coverage if your ebike is stolen, whether from your home or while you're out and about.
  • Fire and Flood: Protects your ebike against damage caused by fire or flood.
  • Racing Cover: Included as standard when you choose the optional accidental damage cover, ensuring your ebike is protected during competitive events.
  • Flexible Payment Plans: Choose from weekly, fortnightly, monthly, or annual payment plans, with a 10% discount for annual payments.

Oz Insurance policies are issued by Insurance Australia Limited (IAL), a reputable insurer with a strong track record. Bicycle NSW Members can enjoy a 10% discount on their premiums.

Product Disclosure Statement

The recent Product Disclosure Statement (PDS) for Oz Bike Insurance, effective from December 21, 2022, provides detailed information about the coverage, terms, and conditions of the policy. Below are some of the main take aways from the Product Disclosure Statement:

  • Coverage Options: The PDS outlines the various coverage options available, including accidental damage, theft, fire, and flood. It also details the optional racing cover and the conditions under which it applies.
  • Policy Limits: The PDS specifies the maximum amounts payable under the policy for different types of claims. This includes limits for accidental damage, theft, and other covered events.
  • Exclusions: The PDS lists the exclusions and conditions that are not covered by the policy. This includes wear and tear, mechanical or electrical breakdown, and damage caused by improper use or maintenance.
  • Claims Process: The PDS provides a step-by-step guide on how to make a claim, including the documentation required and the timelines for processing claims.
  • Premiums and Payments: The PDS explains how premiums are calculated and the available payment options. It also details any discounts available, such as the 10% discount for annual payments.
  • Policy Changes and Cancellations: The PDS outlines the procedures for making changes to the policy or cancelling it. This includes information on refunds and any applicable fees.

Why Ebike Insurance

Ebike insurance from Oz Insurance offers a number of important benefits that make it an essential investment for any ebike owner:

  • Financial Protection: Ebikes can be expensive, and repairs or replacements can be costly. Insurance provides financial protection against these expenses.
  • Peace of Mind: Knowing that your ebike is covered against various risks allows you to ride with confidence and enjoy your cycling experience.
  • Comprehensive Coverage: From accidental damage to theft and natural disasters, Oz Insurance policies cover a wide range of potential risks.
  • Support and Assistance: In the event of a claim, Oz Insurance offers excellent customer support to guide you through the process and ensure a smooth resolution.

How to Get Covered

Getting ebike insurance from Oz Insurance is a easy process. Bicycle NSW Members can visit the Oz Bike Insurance page on the Bicycle NSW website to get a quote and purchase a policy. The online-only element of the product ensures a fast and very convenient experience, allowing you to receive coverage in just a few steps.

You can have the peace of mind knowing your bike can be covered in the event of an accident, theft or other events at home (fire, flood). Bicycle NSW Members receive 10% off. To get the discount code Members can log into their Bicycle NSW Account and navigate to the Member Benefits page.

Oz Bike Insurance is a no fuss, online only insurance product that can cover your bicycles at home from risks like fire and theft, and also offers optional cover for accidental damage and theft anywhere in Australia.

Racing cover is included as standard when you choose the optional accidental damage cover.

You can choose a payment plan that suits you: pay weekly, fortnightly or monthly, or pay annually and receive a 10% discount.

The Future Of Ebike Insurance

As ebikes continue to gain popularity, the demand for comprehensive insurance coverage is expected to grow. Oz Insurance and Bicycle NSW are committed to evolving their products to meet the changing needs of bicycle riders. This includes reviewing new coverage opportunities, improving customer support, and using technology to offer a ‘best in class’ insurance experience every time.

Ebike insurance from Oz Insurance, in partnership with Bicycle NSW, gives recipients comprehensive coverage and peace of mind. With a history of dependable service, flexible payment choices, and a variety of coverage features, Oz Insurance is the ‘must-have’ option for bicycle owners wanting to protect their valuable ebikes.

Whether you're an experienced cyclist or a new ebike owner, investing in ebike insurance is a very wise decision that ensures you can enjoy your rides confidently. Visit the Oz Bike Insurance page on the Bicycle NSW website to find out more and get your ebike protected today.

Have you ever thought about getting ebike insurance? Do you already have a policy in place? Either way if you have any questions give our friendly team a call today on (02) 9704 0800.

Please join Bicycle NSW and support our advocacy for better infrastructure and safer streets. You will also ride easy, covered by our comprehensive insurance and enjoy many other Member-only benefits.

Bicycle NSW is the only bicycle advocacy group based in NSW with full time staff advocating every day for all riders. But did you know that we are funded only by membership fees and donations?

If you are not ready to join the Bicycle NSW family, then we would love you to Buy Us a Coffee (or three!)