In the past year, the Dutch spent €550 million on insuring their electric bicycles.

Source: Multiscope

On average, insurance costs €14 per month. The most popular provider in this insurance market is ANWB. Hybrid bicycles are most often insured (73%). This is evident from the third edition of the E-bike Monitor, a large-scale study by Multiscope among more than 5,000 Dutch people.

Sharp increase in the e-bike insurance market

The total e-bike insurance market currently has an annual value of €550 million. Last year it stood at €313 million. This increase is due to the growth in the number of e-bikes, and higher monthly insurance costs. On average, these costs currently amount to €14 per month. Insuring a hybrid bicycle is the most expensive, costing an average of €16 per month. 5% of e-bike owners report a bike having been stolen in the past.

ANWB most popular insurer

Most e-bikes are insured through ANWB. In addition to ANWB, ENRA, Kingpolis and Univé also occupy a large part of this insurance market. Unigarant, Allianz and Interpolis follow at some distance. It is striking that 13% of the Dutch do not know with whom their electric bicycle is insured.

Hybrid bicycles most insured

Six out of ten electric bicycles are insured. This share is remarkably higher for electric hybrid bicycles (73%). Electric cargo bikes and folding bikes, on the other hand, are insured less often, at 40% and 30% respectively. In general, it can be said that the higher the value of an electric bicycle, the more often it is insured.

About Multiscope

Multiscope is a specialist in online market research. We support companies and organizations in making the right decisions through online panels, market reports and innovative research solutions.

The results in this press release come from the third edition of the E-bike Monitor, a large-scale survey of electric bicycles, electric scooters and light electric vehicles in the Netherlands. The survey surveyed 5,063 respondents aged 18 and over, representing the Dutch population.