Micromobility's Insurance Gap
According to CheapInsurance.com, a significant insurance gap exists for e-bike and scooter riders, leaving them vulnerable amid rising accident rates.
Electric bikes, scooters, and other micromobility options are changing the way people get around cities. The National Association of City Transportation Officials' 2023 Shared Micromobility Report found that riders in the U.S. and Canada took a record 157 million trips, more than before the pandemic.
However, insurance hasn't kept up with the growing usage. Most traditional policies don't cover these new ways of getting around, leaving millions of riders financially vulnerable if something goes wrong.
- E-bike injuries doubled every year from 2017 to 2022.
- E-scooter injuries jumped 45% annually.
Many riders don't realize their regular home, auto, or renters insurance usually doesn't cover accidents, theft, or liability tied to these electric rides.
Riders need to be aware of the insurance gap and take necessary steps to protect themselves.
Author's summary: Micromobility riders face insurance gaps.
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