
AUGUST 30, 2022
Apollo Phantom V3 Upgrade Kit
After numerous tests and multiple iterations, we are happy to announce the release of the Phantom V3 Upgrade Kit straight from our innovation lab. This upgrade is compatible with the......
Read article| MARCH 8, 2022
Owning an electric scooter is thrilling—these vehicles are fast, convenient, versatile, and you can ride them through the city or take them off-road on the weekends.
However, like driving a car, riding an e-scooter comes with serious responsibility. Since you share the road with other motorists and pedestrians, there’s always a degree of risk you take on when you ride. For instance, if you get into an e-scooter accident, you may be liable for the resulting damages.
With this in mind, you may be wondering if you should purchase insurance for your electric scooter. E-scooter insurance is rarely required, but it comes in handy in certain circumstances. To help you decide if e-scooter insurance is right for you, we’ll break down everything you need to know about buying insurance for an electric scooter below.
The purpose of insurance is to provide you with a buffer against financial risk in the case of unexpected events.
When it comes to insurance for electric scooter riding, the right bundle of policies can safeguard you from the financial consequences of:
As a whole, electric scooter insurance is optional in most cities across North America. However, when it comes to electric scooter insurance, USA and Canada do have a few riding requirements:
However, states and provinces may always alter their e-scooter insurance requirements in the future, so make sure to stay up to date on your local laws.
If you want to purchase auto insurance, homeowner’s insurance, or life insurance, most big-name insurance providers can set you up with a policy in a matter of minutes. However, with e-scooter insurance, this isn’t always the case.
Why? Electric scooters have only recently seen a surge in popularity. Regulators and insurers haven’t had much time to catch up. Additionally, since electric scooter insurance isn’t a widespread riding requirement, it isn’t in very high demand.
For these reasons, many insurers are only in the early stages of putting together policies for electric scooter riders, if they’ve started the process at all. In the meantime, e-scooter riders may have to patch together insurance policies to obtain the level of coverage they desire.
If you want to safeguard yourself with electric scooter insurance, you can shop around with various insurance companies to see which one has the best offerings. Insurance experts can help you determine the right policy for your needs.
Here are a few types of insurance policies that can protect electric scooter riders:
As you can see, there are many types of insurance policies that can protect electric scooter riders. You can determine which policies are right for you with your insurance provider.
You may have to call a few insurance companies to find one that can offer you an adequate plan at an affordable price.
If you already own a car, you may assume that your auto insurance policy can provide you with some coverage in the case of an e-scooter accident. Unfortunately, this isn’t the case. That’s because auto insurance only covers vehicles with four wheels.
If you want to buy electric scooter insurance, you should call your insurance provider and ask what type of plan they can put together for you. If you don’t like their offerings, you can shop around with other providers.
You may also want to explore the policy options from smaller insurance companies like Voom. Voom is one of the few insurance companies that’s proactively trying to meet the need for insurance in the micro-mobility space. Their e-scooter coverage includes:
E scooter insurance cost models can vary, depending on several factors:
On average, e-scooter plans usually cost between $20 and $30 USD a month.
Keep in mind that your electric scooter insurance comes with a specific deductible, which is the amount of monetary damage you must incur before your plan kicks in. If you have a high deductible, your monthly premium may be lower, but you’ll owe more out of pocket in the case of an accident.
Even though electric scooter insurance isn’t required by law, you may still want to purchase it for your own protection. It can shield you financially in a wide variety of circumstances. You never know when you might:
These types of accidents are rare, but they can still happen. Even if you ride defensively and take every safety precaution, e-scooter insurance can protect you from events that are out of your control.
Many electric scooter riders greatly appreciate the peace of mind that comes from having an adequate insurance policy. Other riders may not mind forgoing this protection. Ultimately, it’s up to you to determine if the cost of electric scooter insurance is worth the benefit.
If you only ever rent electric scooters from rideshare companies, you may assume that you’re automatically insured under the company’s policy. While the e-scooter company’s insurance protects them from any accidents involving their vehicles, that protection rarely extends to their riders.
As a result, you could be held personally responsible for property damage or medical bills resulting from an accident you caused while riding one of these rentals. The only exception would be if the accident was due to negligent maintenance or vehicle design issues on behalf of the rental company.
Thus, riders who use shared electric scooters should take the same insurance precautions as riders who own their e-scooters.
Whether you invest in electric scooter insurance or not, you should always ride as safely as you can. After all, the best e-scooter insurance policy is one that you never have to use.
Here are a few basic safe riding tips:
Accidents usually occur when e-scooter riders ignore these safe riding tips. By riding carefully and cautiously, you can do your part to reduce the chances of ever getting into a costly e-scooter accident.
Even if you ride your electric scooter like a pro, you may still find yourself in an electric scooter accident at some point.
After an accident, it’s important to:
By documenting the event, you’ll have everything you need to complete the insurance claims process and ensure that liability is assigned accurately.
Many electric scooter riders simply want to hop on their vehicles and enjoy the riding experience. However, it’s also important to safeguard yourself and your scooter from risk and assess your insurance options. Only you can decide if e-scooter insurance is worth the investment.
If you want to purchase a safe, high-performance electric scooter, check out our Apollo Scooters. We have several electric scooter models, each of which has undergone extensive safety testing. We also carry many safety-enhancing e-scooter accessories, like attachable bags, handy mountable phone holders, and much more.
Explore our selection of high-quality electric scooters today.
Sources:
National Highway Traffic Safety Administration. Importation and Certification FAQs.
https://www.nhtsa.gov/importing-vehicle/importation-and-certification-faqs-0
E-Scooter Nerds. Electric Scooter Insurance [Do Electric Scooters Need Insurance + Best Insurance Companies].
https://escooternerds.com/electric-scooter-insurance/
Info Insurance. E-scooters and E-bikes.
https://infoassurance.ca/en/blog/Saviez-vous-que-auto/e-scooters-and-e-bikes.aspx
Nolo. Electric Scooter Accidents and Injuries.
https://www.nolo.com/legal-encyclopedia/electric-scooter-accidents-and-injuries.html
VentureBeat. Voom targets escooter boom with on-demand insurance for per-trip coverage.
https://venturebeat.com/2019/05/22/voom-targets-escooter-boom-with-on-demand-insurance-for-per-trip-coverage/
AUGUST 30, 2022
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