With the new e-bike law, I decided to ask my insurance company (NJM) about e-bike insurance, just to see. They don't have it and referred me to Velosurance.
I input info on the Velosurance for a quote. The insurance was basically for the bike and damage, and was $100/yr, but did not include liability or medical or anything. I don't think this is the "insurance" that the new law is requiring. I took it that the new law wants e-bike riders to be insured for damage they might cause....??? (liability, medical) and that they aren't worried about damage to the rider's bike!
If it's $100* just to cover my bike, I can't imagine the cost to cover liability, medical, no fault, or whatever the state is requiring. Would it be like having another car to insure?
*$100 to cover ~$800 on bike damage with $300 deductible.... hmmm.....
btw... I only ride casually -- around the neighborhood/town, and a nearby trail. Not commuting, and rarely above 10 mph (!) where I ride.
I'm wondering why it can't be an addition to my car insurance (not sure if that would be a good or bad thing).