Bicycle combination lock

Bicycle Insurance

Whilst we're all being encouraged to 'go green', and cycle rather than drive, sadly cycle theft is still very common, with a huge number of bicycles being stolen every single year.

As more new bicycles are bought each year than ever before, the number of thefts is rising, and since many bikes today represent a considerable investment, it makes sense to take out bicycle insurance in order to protect that investment, and your facility for getting about. In many cases people's bicycles are their main means for getting to work, and having their bicycle stolen or damaged could represent a real problem, without the backup of a good bicycle insurance policy.

What Is Bicycle Insurance?

Although one of the most obvious reasons for taking out bicycle insurance is to protect against bike theft, one of the other very significant benefits of having cover is that it offers protection if you cause an injury, accident or damage to someone else or their property using your bike. This third party liability can prove valuable, and since bicycle insurance starts from as little as £50 a year, protecting against theft, damage and third party liability represents real value for money.

It's important to be aware of the fact that some home contents insurance policies either include bicycles as standard, or provide such cover as an optional extra from as little as £10. However, whilst this may be a better option in a few cases, it's well worth checking to see whether a home insurance policy will cover the bikes once they're off the property, and it's most unlikely that third party liability will be included. Overall, whilst it's important to be aware of the opportunity of having bikes covered by a home insurance policy, a standalone bicycle insurance policy offers much more comprehensive protection.

What Are The Different Types Of Bicycle Insurance?

There are four main types of bicycle insurance cover, and they provide varying degrees of cover. Think carefully about issues such as how much your bike is worth (not forgetting those little extras such as lights, pump, custom saddle, basket and such like), and how it's being used, as well as where and how often. The type of cover you'll need will greatly depend upon your own circumstances, but the four main types of policy available include:

Quote Professor is a trading name of Leyton Solutions Limited. Registered in England and Wales, Company Number:7022117.

Quote Professor logo
Mobile Phone Insurance | Bicycle Insurance