Electric vehicles are revolutionizing the way we commute and enjoy the open road. With their impressive energy efficiency, modern designs, and minimal environmental impact, it’s no wonder they’re becoming commonplace. And it isn’t just cars and trucks that are seeing the trends, electric motorcycles have become very popular, with sales expected to top 37,000 in the U.S. in 2025.

However, electric motorcycles come along with traditional – and less traditional – exposures that need insurance solutions. Let’s explore the key risks associated with electric motorcycles and the essential coverage options that every owner should consider for peace of mind.

Key Risks of Owning & Operating an Electric Motorcycle

While electric motorcycles offer many benefits, they also introduce unique risks that riders must prepare for. Here are the primary concerns to be aware of:

1. High Initial Costs

Electric motorcycles typically come with a higher price tag compared to their gas-powered counterparts. The advanced technology, high-capacity batteries, and specialty components all contribute to their premium cost.

2. Replacement and Specialty Parts

The components of electric motorcycles, particularly the battery systems, are highly specialized and can be expensive to replace or repair out of pocket. These parts may also take longer to source, potentially leaving your motorcycle out of commission for extended periods.

3. Liability Risks

Like with any motorcycle, accidents are a significant risk, and liability protection is crucial. Whether you’re riding in traffic congestion or on rural routes, the possibility of causing damage to others’ property or injuring another person is a reality. Please note that it is unlikely that your separate home and/or auto policy is unlikely to cover any liability incurred while operating these vehicles.

4. Medical Costs

Motorcycle safety has improved over the years, but riders remain vulnerable in the event of an accident. Injuries sustained while riding can result in substantial medical expenses, with the costs quickly piling up if prolonged rehabilitation or specialized treatment is required.

Insurance Coverage Options for Electric Motorcycles

To protect yourself, your ride, and your finances, the right insurance coverage is non-negotiable. Here are the essential types of policies electric motorcycle owners should consider to stay covered:

1. Property Insurance

Electric motorcycles are a major investment, which is why covering your bike itself is crucial. Comprehensive and collision insurance are two options to explore.

• Comprehensive Coverage

This protects your motorcycle against non-collision-related damage, such as theft, vandalism, or natural disasters. Given the premium value of electric motorcycles, comprehensive coverage ensures that you're safeguarded against unexpected events.

• Collision Coverage

Collision insurance handles repair or replacement costs if your motorcycle is damaged in an accident, regardless of who is at fault. This is particularly valuable given the high cost of parts like electric motorcycle batteries or other proprietary components.

2. Liability Coverage

Liability insurance is essential for protecting yourself financially in the event that you cause injury to another person or damage someone else’s property while riding. As noted above, it is unlikely you have coverage for this in your separate home or auto policies.

• Bodily Injury Liability

This covers medical expenses, lost wages, and other damages for injured parties in an accident you’re deemed responsible for.

• Property Damage Liability

This ensures you’re not stuck paying for repairs if you damage another person’s vehicle, structure, or other property during a collision.

3. Medical Payments Coverage (MedPay)

Medical payments coverage, or MedPay, assists with covering your medical expenses after an accident, regardless of who’s at fault. This can help with costs like ambulance rides, hospital fees, or physical therapy, which can quickly escalate after an incident.

4. Specialized Electric Motorcycle Coverage

Some insurance providers now offer specialized policies tailored specifically to electric motorcycles. These may include coverage for the battery system, special warranties, or even roadside assistance tailored for electric bikes. Make sure to inquire about such options when comparing policies.

Tips for Choosing the Right Insurance Policy

To ensure you’re properly covered, keep the following tips in mind when selecting insurance for your electric motorcycle:

• Assess Your Needs: Consider your riding habits, the cost of your motorcycle, and the potential risks you face.

• Compare Coverage and Rates: Shop around to find insurance providers that offer specialized coverage for electric motorcycles at competitive rates.

• Ask About Add-Ons: Investigate additional coverage options, such as battery replacement protection or custom parts coverage.

• Understand the Fine Print: Review policy details carefully, including deductibles, coverage limits, and exclusions, to avoid surprises later on.

Protect Your Ride, Protect Yourself

Electric motorcycles represent the future of two-wheeled transportation, but with innovation comes new challenges. Understanding the risks of ownership and securing the right insurance can protect you from financial stress and help you focus on the joys of riding.

If you’re ready to explore insurance options tailored to your needs, talk with our team today!