ebike insurance is outrageous

[John Dombrowski]

Picking up a new Turbo S and a base Turbo for my wife next week. I was just looking into some insurance and just for the Turbo S was over $800 a year through Velosurance.
Sheeesh, I don't even pay that for my brand new Jeep.
Anyone have insurance that doesn't cost so much?

 

[OldGuy]

They were basing that on motorcycle rates with rider medical coverage.
State Farm offered me $156/year for liability-only, for an electric moped, another $450/yr for medical coverage.

 

[ronin2000]

It's probably due to high theft

 

[Over50]

Picking up a new Turbo S and a base Turbo for my wife next week. I was just looking into some insurance and just for the Turbo S was over $800 a year through Velosurance.
Sheeesh, I don't even pay that for my brand new Jeep. Anyone have insurance that doesn't cost so much?

Seems pretty high. I think my Velosurance policy was in the $300 range for my R&M Charger. I did not get liability or medical as I figure my umbrella policy and health insurance would cover me for those items.

 

[James Kohls]

For Physical Damage/Theft from Velosurance w/$200 deductible is $265 for me. I think @ronin2000 is correct, theft rates in an area is probably as big a factor as replacement cost.