Welcome, USAA!

Your bicycle or electric bike is uniquely yours. Your bicycle insurance policy should be too.

Markel is proud to team up with USAA to offer bicycle insurance protection, giving you peace of mind wherever the road takes you.

If you’re like most cyclists, you may assume you and your bike are covered under your homeowners or renters insurance policy. But if you ever need to file a claim, you may be shocked to discover that your current policy is filled with exclusions and restrictions that could limit what you get in replacement costs for your damaged bicycle.

At Markel, we know you deserve better.

Markel Specialty offers:

  • Customized coverage
    Markel provides customized insurance protection based on each cyclist’s riding style (even if you participate in race events), coverage for cycling apparel & spare parts, coverage while in transit and more!
  • Coverage for e-bikes
    Electric bike insurance does exist. Markel offers coverage specific to e-bikes providing coverage between auto, home, and renters insurances where there are gaps and fine print exclusions.
  • Superior customer service
    Our customer service and claims representatives are bicycle specialists, not insurance generalists. We’re dedicated to ensuring your bike gets the best and most comprehensive coverage possible for your riding style.

Why Markel Specialty?

Get a quote today and see how Markel Specialty can make insuring your bicycle easy:

  • More complete coverage for no additional cost
  • Discounts and cost-effective coverage options to save you money
  • Flexible payment options
  • Experienced underwriters and claims specialists
  • Fast and fair claims service
See how an average homeowners insurance policy stacks up against Markel Specialty bicycle insurance:*

Policy coverage

Average homeowners policy

Markel bicycle policy

Insured at full value**

Not likely

Yes

Crash damage

No

Yes

Theft coverage

Limited

Yes

Theft away from home

Limited

Yes

Vehicle contact protection

No

Yes

Personal liability

Yes

Yes

Replacement bike rental

No

Yes

Event fee reimbursement

No

Yes

Cycling apparel

Not likely

Yes

Medical payments

Not likely

Yes

Racing coverage

No

Yes

Spare parts insured

Not likely

Yes

Covered in transit

Not likely

Yes

Worldwide physical damage

Not likely

Yes

Roadside assistance

Not likely

Yes

Coverage for electric bikes

Limited

Yes

*Terms and conditions may vary. **Your homeowners coverage may not be designed to cover your bike at full replacement cost, typically actual cash value (ACV) is offered.

What can bicycle insurance cover?

Bicycle physical damage insurance protection
Covers repairs or replacement of your bike if it is damaged or goes missing. You pick the value limit of your bike, and we can cover things like vandalism, crash damage, or a collision with another rider. We can even offer insurance protection to you while racing. Deductibles range from $200 to $500.

At no additional cost, bicycle physical damage insurance protection can also include:

  • Protection for spare parts and accessories - Up to $500 in coverage for spare parts and $500 for riding apparel per claim ($1,000 total per policy term).
  • Replacement cost coverage - Your bike is insured at full value.
  • Theft protection - At or away from home.
  • Transit protection - Protects your bike while it's in transit (by land/air) to and from a location within the United States and Canada.

Worldwide physical damage protection
Optional worldwide physical damage insurance protection is available for when you travel outside of the US/Canada with your bicycle.

Bicycle liability protection
Bicycle liability coverage helps protect you if you are responsible for injuries or property damage to another person or their belongings while using your bicycle. Limits range from $25,000 to $300,000.

Vehicle contact protection
This added coverage gives you the insurance protection you need in case you are hit by a vehicle that doesn’t carry the proper insurance protection to cover your losses.

Medical payments
Cover your medical costs if you are injured while riding – up to your policy limit. Limits range from $1,000 to $10,000.

Roadside assistance
With this coverage, you can get nationwide 24-hour emergency service with up to 35 miles of transportation per breakdown – all for only $12 a year per bicycle.

At no extra cost!

Rental reimbursement
If you are competing in an organized ride more than 50 miles from home, Markel offers coverage for renting a substitute bicycle if your bike was damaged or stolen (up to $250 per occurrence) while at the event.

Competitive event fee reimbursement
Helps cover nonrefundable prepaid entry fees up to $500 ($1,000 total per policy term) if your bike is involved in a covered accident, and you are unable to compete or participate.

Markel offers coverage for three classes of e-bikes:

  • Pedal assist e-bike with top assisted speed of 20 mph
  • Throttle assist e-bike with top assisted speed of 20 mph
  • Pedal assist e-bike with top assisted speed of 28 mph

Electric bike motors must be 750 watts or under.

Policies as low as $100 per year.1

Get a fast, free online quote today and get the protection and peace of mind you deserve.

Or call +1.855.480.9759 to speak with a bicycle insurance specialist.

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FAQs
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CONTACT US
Whether you have a question on your policy, or are interested in purchasing a policy, we'd love to hear from you.

Insurance, coverage, and discounts are subject to availability and qualifications and may not be available in all states. Coverage descriptions listed are intended to be brief and do not replace actual policy language. For questions or a complete definition of coverages and discounts available to you, please call a Markel Specialty insurance specialist at +1.855.480.9759.

1 As of May 2022, the minimum annual premium is $100 and rates could exceed $100 depending on the coverage options selected and value of the bicycle to be insured.

Use of the term "member" or "membership" refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change.

USAA Insurance Agency means USAA Insurance Agency, Incorporated or USAA of Texas Insurance Agency (collectively the “Agency”). California License #0D78305, Texas License #7096. 9800 Fredericksburg Road, San Antonio, Texas 78288. The Agency contracts with insurance carriers that are not affiliated with USAA and offers products and services (“third-party insurance products”) on their behalf. Third-party insurance products are not underwritten by USAA or its affiliates. The Agency receives a commission on the sale or renewal of third-party insurance products and may receive other performance-based compensation from them. Purchase of third-party insurance products does not establish USAA membership. Product and coverage descriptions are brief. All coverages are subject to the terms and conditions of your policy. Read your policy for details. Product and coverage availability may vary in some locations and all applications for insurance are subject to underwriting by the insurance carrier.

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