Netherlands e-bike insurance market increases to €621 million

Source: Nieuwsfiets

The recent E-bike Monitor survey conducted by Multiscope reveals that the Dutch market for e-bike insurance rose by €71 million in 2023, among other highlights.

The study interviewed 5,554 respondents aged 18 and over, representative of the Dutch population. It found that most e-bike owners (62%) insure their bike, and that owners of electric hybrid models are the most likely to take out insurance, with 67% of these bicycles insured.

The report details the insurance costs for e-bikes, averaging out at €14 per month. Insurance of an e-fat bike is highest at €23 per month, while owners of electric city bike models pay € 14 per month. In total, the Dutch e-bike insurance market was €621 million in 2023 – an increase of €71 million compared to 2022.

It was found that 50% of the insurance was taken out online, and that the risk of theft is one of the reasons for insurance; 6% of electric bicycle owners reported having had their e-bike stolen at least once.