The best bicycle insurance: compare quotes, save money (2024)

If you’re looking for the best bicycle insurance there are an increasing number of companies in the market that can help. Often your house insurancepolicy will include some level of cover for bikes, but specialist insurers will often give you more options. Here are some things to look for when you’re buying bicycle insurance.

You could pay less than £42 for bicycles valued up to £1500*

We’ve teamed up with industry specialistsQuotezoneso that you can instantly get 30+quotes from the leading cycle insurance providers, saving you time and money finding the best bike insurance for you.

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*51% of customers with a bicycle valued up to £1500 who obtained a quote for Bicycle Insurance through this service provided by Seopa Ltd between October and December 2022 were quoted less than £41.15. Using the same calculation for bicycles valued between £1500 and £3000 gave a figure of £80.27 and for bicycles valued over £3000 gave a figure of £147.57. The quote price you could achieve is dependent on your individual circ*mstances.

Which bicycle insurance policy should I choose?

There are a huge range of companies out there that can offer you a policy. What's the best bike insurance policy for you will depend on your individual circ*mstances: what bikes you want to insure, where you live, whether you race or not... all these things will impact which policy works best for you.To help you out, here’s an overview of some of the specialist insurers that are currently in the market.

Laka is based on a collective system rather than a simple premium, which means your monthly payment can go up and down depending on the level of claims. A lot is covered by default: theft, damage, racing, travel and legal assistance are all part of the policy.

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Bikmo offers new-for-old cover and covers you worldwide whether you’re exploring or racing. You can also get a 50% discount on a second bike, and if your bike doesn’t make it to your holiday destination there’s cover for emergency bike hire too.

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Cover Cloud offers new-for-old bike insurance for bikes valued at up to £6,000. Theft and damage are covered as standard, and there are lots of options too including accessories cover and roadside recovery. You can get gadget insurance for your phone, too.

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Cycleplan is underwritten by insurance giants Aviva. There are options for public liability insurance and legal expenses cover, and you can insure the whole family’s bikes on one policy. You can also opt for race fee insurance to cover you if you’re unable to compete.

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Eversure’s cycle insurance policy has a big range of optional extras and you can pick and choose depending on your needs. You can get accessories cover, personal accident cover, worldwide cover, breakdown recovery, public liability and much more.

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WeCovr’s bicycle insurance is pretty fully featured by default. As well as theft and damage cover, you get public liability cover, legal expenses, personal injury, breakdown cover, European and worldwide cover, and even identity theft cover.

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Cycleguard has been protecting cyclists and triathletes across the UK for over 20 years against theft and damage to all types of bike. There’s a multi-bike discount if you have a big stable, and accessories cover up to £2,500 for all your gear.

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Nova Direct offers a range of insurance solutions for home, car, travel and more. The bike insurance policy covers theft and damage in the UK, and you get 90 days of worldwide cover too. If you want uncomplicated cover then there aren’t many options to stress over.

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Ala’s cycle insurance includes worldwide cover for any adventures you’ve got planned. Optional extras offered by Ala include public liability, legal expenses, personal accident, accessories cover and replacement hire if you find yourself without a bike for a big event

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One of these providers is going to be able to provide the best bicycle insurance for you. Everyone's needs are different, so take some time to compare what's covered, and use our Cycling insurance quote comparison engine to find the best deal.

The best bicycle insurance: compare quotes, save money (2024)

FAQs

Who is best for bike insurance? ›

List of top bike insurance companies in India

Bajaj Allianz General Insurance.
ACKO General Insurance.
HDFC ERGO General Insurance.
ICICI Lombard General Insurance.
SBI General Insurance.

Oct 20, 2023

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How do I choose bike insurance? ›

Consider the Value, Not Just the Cost

Before buying insurance - whether it's for your bicycle or anything else - it's important to shop around first, gathering quotes and comparing coverages and limitations.

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How much is cycle bike insurance? ›

Top picks for bicycles worth between £501 and £1,500

POLICY	Price/yr	Public Liability
Pedalsure*	£86.55	Optional
Cycler*	£96.05 (4)	£1m
CycleGuard*	£100.11 (4)	Optional
Cycler*	£116.78 (5)	£1m

5 more rows

Are bike protection plans worth it? ›

In short, it's not a legal requirement, but it may be a good idea. It's well worth considering investing in insurance for bicycles if you want to cover your bike against theft and accidental damage, or if you travel and race lots and want to be covered for every eventuality.

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Is insurance for a bike expensive? ›

The average cost of motorcycle insurance for a standard bike is $108 per month or $1,296 per year. Premiums are affected by factors like the type of motorcycle, age, experience, location, and policy. Compare motorcycle insurance policies to find the best rates on the coverages you need.

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Which party insurance is best for a bike? ›

Ans: In 1st party insurance, the insured bike is covered against many unforeseen accidents like- theft, accident, fire, etc. That's why it is also known as the own damage (OD) cover. On the other hand, 3rd party insurance policy takes care of the damages/losses/injuries/death of the third-party property and person.

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Is cycling insurance worth it? ›

Bicycle insurance isn't for a specific type of person, if you've got a bicycle and you want to insure it, then you can! By paying for cover, if you need to claim then you don't have to have a huge expense all at once. It's a great choice if you know that replacing or repairing your bike would leave you out of pocket.

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When should I get bike insurance? ›

Most home policies have a limit on bicycle coverage, usually starting around $1,000. Generally speaking, think about bike insurance if you have a bike that's worth more than $500 to $1,000. You should also think about how you use your bike.

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Should bicycles have insurance? ›

Though it is not required, it can significantly help following an accident, especially when it comes to replacing your bike. Not having insurance as a cyclist can be devastating over time. The medical bills to treat minor to severe injuries and property damage alone can be costly.

Are bikes covered on home insurance? ›

While there are some home contents insurance policies that'll cover your bike, there are none that'll cover you and your bike should you be involved in an accident while riding. Unlike a lot of other insurers, we put you – the rider – first and foremost. Bikes can easily be replaced, you on the other hand cannot.

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Does bicycle insurance cover damage? ›

While bike insurance remains optional, it offers peace of mind. It provides financial protection against theft, damage, and personal liability.

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What is the average cost of a cycle? ›

Amazon.in: ₹1,000 - ₹5,000 - Cycles / Cycling: Sports, Fitness & Outdoors.

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Does homeowners insurance cover bicycle theft? ›

Stolen bicycles may be covered by personal property coverage on renters, condo, or homeowners insurance policies. If your bike gets stolen from your home or a public place, your insurer may pay to replace your bike, up to your policy's limits and minus any deductible.

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Should you insure your bike in case? ›

5 Reasons to insure your bike

Bicycles are an investment.
You need cover while riding or racing.
Accidents happen.
Theft from home and away.
Additional accessories cover.
It doesn't cost to be covered.

Nov 27, 2023

Where is the best place to keep a bike for insurance? ›

In a perfect world, you'd store your bike in something like Fort Knox – somewhere out of sight and highly secure so that you and your insurance provider know it's safe and sound. That option's not open to most of us, but if you can store your bike in a garage or on a drive, you should definitely do so.

Which motorcycle insurance is the best? ›

Who Is The Best Motorcycle Insurance Company? We found that Geico is the best motorcycle insurance company currently due to their policies having a great balance of low costs and great coverage. We also found that Progressive, State Farm, Dairyland, and Erie Insurance offer great motorcycle insurance offerings as well.

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Is a rider good for insurance? ›

Riders can provide an increased death benefit, help pay for costs if you become terminally ill or even cover your children. How much does a life insurance rider cost? Some riders, like an accelerated death benefit rider, may be added for free, while others may increase your premium.