As a bonus, coverages for your bike that aren’t available through your auto or home policy can be added to your bicycle policy. If you hit the trails regularly, shop around for a deal that offers good cover for personal injury protection and coverage for things such as dentistry and physiotherapy – accidents do happen out there. Written by David Williams. When you request a quote, your quote request is reviewed by coverage experts, cyclists themselves, who may suggest changes to your coverage — including removing coverages that are already provided by your auto policy or another policy. If you’re involved in a bike accident and you have health insurance, the injury is handled in the same way as a non-cycling injury. ... We use cookies to give you the best … Be sure to include any add-ons or upgrades you’ve bolted on to your ride. However, be aware that the policy has limited cover for theft and damage. Lastly – though it’s not a nice thought – with the public mood shifting in favour of tougher sentences for cyclists and some pushing for greater regulation of ebikes, it is probably wise to consider what public liability/third-party insurance a policy can provide. Our bicycle insurance is for the everyday cyclist, get a free quote today. Much like auto insurance, bike insurance through Velosurance is limited to personal use only. The best way to calculate whether getting insurance for your bike is worthwhile is to work out how much you would end up paying in insurance over the lifespan of your bike (say, seven to 10 years) compared to the cost of your new bike. This sounds good, but it’s less than perfect. Simply put, a riding mishap can hurt someone else physically — or cause damage to their belongings, including cars, other bikes, signs, or anything else you might bump into with your bike. Cyclists still need to be mindful of deductibles. But if the worst does happen and you injure someone else along with yourself, liability/third-party insurance is there to protect you in the event of a serious crash. DO NOT BUY VELOSURANCE. Both of these are covered by all insurers to a certain degree, but once again, pay close attention to the small print and consider what you really value – is a huge life assurance payout more important to you than comprehensive dental or physiotherapy cover? Until recently, the insurance options for U.S. cyclists have been a less-than-perfect solution made of cobbled-together compromises and unsettling gaps in coverage. If you’re riding a self-built custom bicycle, you can get insurance for your bike’s unique specification. Regular, plain ol’ boring, vanilla home insurance is, by far, the most popular way to insure a bike against theft. Have you read this link about bike theft? It’s particularly popular for race and event cover, offering cancellation cover of up to £750. To start, the additional heft of an ebike means that they are more likely to be stored outside of your home and, potentially, regularly used for commuting. Note that this policy explicitly excludes all events except sportives, so it would probably be best to check with Cycling UK directly if you’re unsure whether your event falls under this category. If you’re looking for a quick comparison of the best bicycle insurance on the market, check out our bike insurance comparison tool that we’ve developed with QuoteZone. Subscribe today and get the next 3 issues of your favourite cycling magazine for just £5! Trusted partner shops nationwide can provide repair estimates if your bike is damaged. Velosurance’s bike policy is a permissive use policy, which means it provides coverage even if you lend your bike to a friend — including liability and medical coverage if you’ve chosen those coverages for your policy. Not only will it cover you for damage to others and their property but it can also cover you for legal costs. Don't miss out on MBUK – get your next 3 issues for just £5, Get the next 3 issues of the UK's number one cycling magazine for just £5. Fair enough, clothing is used merchandise with only a fraction of the bike’s value. Most home insurance or renters insurance policies come with at least $100,000 in coverage for personal liability, and in most cases, the coverage includes payment for legal defense expenses as well. If you have a bike worth over £2,000 that you use regularly to get around, or if you take part in competitions, cycle insurance will give you the best … My bike is $500 is there a no deductible plan? Includes: Very comprehensive: accessories, worldwide cover, cycle security marketing, public liability insurance, racing insurance, new for old, bike box insurance, transit, theft from vehicle. Medical coverage for vehicle contact is a great example because this coverage exists on a standard auto insurance policy. Thankfully, most bicycle mishaps aren’t fatal —  or even serious — but every cyclist is reminded of the risks of injury or bike damage every time they ride. Jack has been riding and fettling bikes for his whole life. A guide to specialist bicycle insurance, Best bike lock 2021: D-locks, foldable locks and chain locks rated, Best bike storage ideas: a buyer’s guide to storing your bike indoors, Insurance policies are just like bikes – what might work for one person may not be the best option for another. Accidents can happen, even for the most cautious riders. Like road bikes, the very most top-toppest-of-the-range mountain bikes can cost upwards of £10,000, so replacing a stolen or damaged bike can quickly become an enormous financial burden. Bicycle clothing, however, is paid based on a depreciated value in a covered claim. Velosurance is a national bicycle insurance agency founded by two cyclists in response to the insurance needs of bicycle riders nationwide. Taking into account any excess to be paid, any additional extras that a policy provides and user reviews are also important factors to consider. Just like renters and homeowners insurance, these policies will cover you for theft, damage, and more, but they’ll also cover the cost of emergency situations on bike courses, as well as medical expenses that result from bike … This makes Bikmo and its leniency around outbuildings and cycle hangers a tempting option (more on this below). With this in mind, the terms of policies from the biggest providers have become increasingly generous, driving competition. Cover against theft is by far the biggest concern for consumers. Weigh up your needs and be realistic. Relying on home insurance or renters insurance can provide some protection — but frequently only a fraction of the loss — and the risk of higher rates when placing a home insurance claim is enough to make any cyclist think twice about even using the coverage. explicitly covers bicycles stored in Bikehangars, in our insurance comparison tool, and is your best bet to make sure you’re getting the coverage you need, Best electric road bikes: e-road bikes for a helping hand on climbs. If a number of claims were made by other members within a set month, your price may rise, but it would never be more than £17. If you need to make a claim, it’ll reflect the true value of the bike. Almost all require bikes to be secured to an immovable object. However, some depreciate the value of your bike over time, so it’s best to refer to each provider’s policy wording and weigh up what you require from your insurance and make your decision based on our recommendations for other categories. Accidental damage coverage is also arguably more valuable for mountain bikers than road cyclists. There have been a number of unpleasant high-profile cases involving cyclists hitting pedestrians. PedalCover is a specialist that provides home insurance specifically tailored to enthusiast cyclists and their unique needs, including, for example, coverage against theft when away from home and coverage while racing – as far as we know, no other home insurance provider offers as comprehensive a level of cover for cyclists. Most providers will cover your bike within your home, but pay attention if you plan on storing it in an outbuilding or garage – Bikmo, PedalSure and Yellow Jersey have clear policies here and, unlike some other providers, these outbuildings can include lockable wooden sheds. It’s worth noting that Hiscox underwrites many specialist providers (including Bikmo) while Aviva underwrites M&S. If you’re familiar with insurance, you’ll know the deductible is the part of the claim you pay. Insurers will expect you to do your due diligence and failure to do so could sting when you make a claim. Our insurance comparison tool offers a detailed comparison of all of these points and should be your first port of call when looking for the best insurance for mountain bikes. Whether you commute on a road bike or just ride on the weekends, it is a good idea to choose a policy that has comprehensive third-party liability insurance in case you’re involved in a crash. We all do our best to avoid a crash. Deductibles — your out-of-pocket costs — range from $100 to $500 with a $300 deductible option providing an attractive balance between affordable premiums and reasonable out-of-pocket costs. For example, Bikmo, Yellow Jersey and Velosure offer similar recovery policies to those you get for a car, offering transportation to a bike shop or home. If you don’t regularly make a habit of locking your £8,000 superbike outside the pub, do you really need to plump for additional theft coverage? Liability for cyclists can come in the form of damage to the property of others or bodily injury to others. For example, according to Laka, the average cost of insuring £2,000 worth of gear would be £7. Let me know on [email protected]. That’s an incredibly simplified roundup of how Laka works. More use equals more exposure to risk, so cyclists in an area that has great weather year-round can pay more than cyclists in areas where the riding season is limited to 7 or 8 months. These are called covered perils on your policy. With a near encyclopaedic knowledge of cycling tech — from the most esoteric niche nonsense to the most cutting edge modern kit — Jack takes pride in his ability to seek out tech and stories that would otherwise go unreported. If you buy a new bike for $4,000 and insure it for $4,000, 5 years later, you bike is still insured for $4,000. Read our guide on how to compare cycling insurance and get the right cover for your bike. Some areas of the country are forced indoors for parts of the year by cold weather, including ice and snow. It’s a balancing act. In paper they look good but they will do anything on their power to avoid paying. Pandemic vs Brexit – why have bikes got more expensive and harder to find? Your coverage amount is for the stated value of the bike. Once your coverage limits on your auto policy are exceeded, then your health insurance coverage takes over. If you store your bike outside, keep an eye on the small print here: are wooden sheds included, or does the shed have to be metal? Whether you are planning to switch from an existing policy or simply searching for a new plan for your brand new … If it’s stored away inside your home for most of the time and only sees occasional use, a low-tier policy (most insurers offer varying tiers of coverage), particularly for theft and accidental damage, might be sufficient. Same goes for renters or condo insurance. The maximum insurable value may seem like an obvious figure to look at, but few of us actually own £15k super-duper-bikes, so weighing up how, where and in what condition a provider insists your bike be stored are the things to look at. Other dedicated insurers will offer more broad coverage, including, in some cases, replacement bike hire, event cancellation cover and more. *(51% of customers with a bicycle valued up to £1,500 who obtained a quote for bicycle insurance through this service provided by Quotezone between January and March 2020 were quoted less than £47.11). Medical coverage for cyclists isn’t as fraught with peril as personal property damage for the bike. Bicycle Guider has gained more than 8,000,000 readers and has sold more than 400,000 cycling related items so far, with the support of, ©2021 Bicycle-Guider.com - Comprehensive Bicycle Guide for 2021, Bicycle Guider is a registered trademark. A product that offers generous coverage for events may seem tempting, but is it the best option if you only do a handful of races in a year? Bikesure Bicycle Insurance (Bikesure Sport) is issued by the insurer Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL 239687) (Chubb) and distributed by Bikesure Holdings Pty Ltd. SRG act … In the coming years, we expect even more companies to rise to the challenge and provide innovative insurance solutions for the cycling community. This is a complex area and, if it is something you are concerned about, each provider’s policy wording demands extra scrutiny. See these best handguns. Since 1 May 2019, British Cycling bike insurance has been provided by Bikmo. Mountain bikes, pushbikes, road bikes, folding bikes, hybrids and electric bikes are all usually covered. Jump To Best Insurance Providers Until recently, the insurance options for U.S. cyclistshave been aless-than-perfect solutionmade of cobbled-together compromises and unsettling … Specialist bike insurance is your best bet if you want to cover all eventualities relating to both theft and injury. Again, premium policies from most insurers work well in these circumstances, with pretty much all of the coverage you’d expect to have at home extendable overseas for a premium. Looking for the best cycle insurance deal? Thank you. Our bike insurance comparison tool includes coverage for ebikes and is the easiest way to ensure you’re getting the best coverage possible. The trouble with bicycle insurance in the past — and insurance for cyclists — is that there hasn’t been a complete solution. If you ever find yourself in the unfortunate position of having to make a claim, you’ll be glad to have gone through the motions and done your research in advance. You pick the value limit of your bike… Coverage of accessories is also valuable here. We analysed standalone bicycle insurance policies, reviewed the cover (and exclusions) and worked out our best by those which pay back the most compared to how much they cost. Choosing an ebike insurance policy largely boils down to the practical considerations of ebike ownership and how easily a policy will work with these. It doesn’t matter how vigilant or good at riding you think you are, we can all get caught off guard by someone else’s mistake. If you’re injured by an automobile, it’s likely that your auto policy will govern how your medical expenses are paid, often through Med Pay, Personal Injury Protection (PIP), or a combination of both. Getting a quote from Velosurance is quick. Some will, for example, exclude racing (though any well-organised event should have its own insurance). We have worked with a number of leading insurance suppliers to offer BikeRadar readers a selection of exclusive discount codes and deals. Reuben Bakker-Dyos / Immediate Media Home insurance is, by far, the most popular way to … All insurers will offer third-party coverage to a certain degree, though how much and under what circumstances depends on the insurer. If you are in any doubt about whether the location where you plan to store your bike is covered, just ask. This caveat is an example of the sort of thing you should pay particular attention to when comparing providers. Quotes are free, with no obligation. Because the needs of cyclists differ, you can build a customized policy that provides only the coverage you need, without paying for any extras you don’t need. A deductible may apply and you’ll be covered up to the applicable limits of your home, condo or renters policy. As a result, society is leaning towards tougher rules and harsher sentences for cyclists, making liability insurance something really worth considering. First, let’s look at the usual options — and why they might not be a perfect solution for today’s higher-cost bicycles. As with all of the policies mentioned in this article, pay close attention to policy wording. We are licensed in every state of the US and have access to nearly every insurance company, thus we have constructed several insurance … If you’re planning on a trans-European mega-tour, Cycling UK could be your best option, with extensive travel and medical cover abroad. Coverage for your bike. Only some policies cover bike storage in lockable wooden sheds. Measurable health benefits associated with cycling earn the preferred rates deserved though this forward-thinking agency. You could pay less than £47.11 per year to insure bikes valued up to £1,500* Use our insurance comparison tool to get a quote now. We provide coverage that is uniquely tailored to your risks, led by an agent who knows the bicycling world and business, and has the backing of the leading insurance … Choosing the best bicycle insurance with travel cover depends largely on the type of trip you’re planning. So, a $3,000 bike can be insured for about $200 per year against physical damage and theft. Dave Williams, CEO and co-founder of Velosurance, estimates the cost of a basic policy to be about 7 to 8 percent of the value of the bike. Do cyclists need insurance? Despite this, many still choose to insure their bikes this way, and if you’re after a simple and often cost-effective policy for a cheap bike, it can be a good option. If you have a high health insurance deductible or have been thinking about switching, shopping for health insurance has become much easier than in the past. In the end, you’re the customer and can purchase the coverage you choose. Bikes can be a big investment that, once made, are worth protecting. Velosurance’s coverage is good in Canada as well — with no extra charge, but you’ll have to forgo roadside assistance when cycling in The Great White North. A distracted driver or a surprise obstacle around a blind corner can spell instant trouble — and cyclists are particularly vulnerable. It depends on a lot of factors. Velosurance, based in Ft. Lauderdale, Florida, has been issuing bicycle insurance since 2012 and has insured about 30,000 bikes since, said CEO and co-founder David Williams. British Cycling (which is provided by Bikmo) is a popular option for many racers and it has event cancellation cover of up to £500. Cyclists in good health can buy enough coverage to protect the family at a price that still leaves plenty of room in the budget for bike gear. Roadside assistance and access to a nationwide bike shop partner network are among the other extra goodies available through Velosurance. Marks and Spencer Bank, Aviva and Hiscox insurance were the three providers that were most regularly recommended. Use our insurance comparison tool to get a quote now. Bikmo, for example, defines abandonment as having left a bike for 24 hours, as opposed to Yellow Jersey’s 18 hours. When you buy through links on our site, we may earn an affiliate commission. Bicycle Guider is a registered trademark. Every year, cyclists in the U.S. experience nearly a half-million bicycle-related injuries, causing damage to both bodies and bikes — as well as sometimes damaging the property of others. Have been considering them for a while. For assistance in choosing the right policy for you, check out our separate comprehensive guide to bicycle insurance. It’s worth pointing out that few of these policies will cover you for liability in Canada or the USA, but this is the case across most of the specialist bicycle insurance providers. In 2012, Velosurance partnered with Markel, an international specialty insurer, to provide coverage designed for cyclists, including coverage for electric bikes (up to 750 watts). With MMA’s bicycle industry insurance and risk services, you’ll find the peace of mind that comes from knowing you have the protection you need. Get more from your music with this great deal from Aquarius. We partnered with an A.M.Best “A” rated, US insurance company to … For more info, it’s best to consult its extensive FAQs. You’re typically protected if the bike is stolen (or vandalized) pretty much anywhere, including your home, garage, at the park, etc. Under personal property coverage on most home insurance policies, your bike may be covered for what it’s currently worth. It’s safe to assume that damage due to a risk not named in the policy isn’t covered. The auto-insurance-first structure of medical coverage for auto-related injuries creates a risk of double deductibles if you have a low coverage amount for your auto policy. The National Bike Registryes… It is a free resource page about bicycles, founded in 2015 by Jeff Balton. For example, if locking your bike up away from home, make sure you do so in a well-trafficked, bright and, ideally, CCTV-covered area. Additionally, if you have repeated claims for miscellaneous biking mishaps, you can expect to be shopping for a new home insurance company — if you can find one that will insure you. This means there is no set policy wording available. ... To find the best renters insurance … Abandonment (leaving your bike unattended) is also worth paying attention to. Would you be better off taking out short-term cover for a specific event? You can unsubscribe at any time. Does the bike need to be secured to an immovable object or ground anchor inside? It can all be gone in an instant due to theft or an accident. Worldwide coverage is available as an add-on for an estimated 10 percent increase in premium. So, let’s have a quick look at what it actually covers: What Does Specialist Bike Insurance … Likewise, good personal insurance cover could be valuable if you take a nasty spill, or worse. The primary concern with relying on home insurance for liability coverage is similar to one of the issues with using home insurance for personal property coverage (the bike): Home insurance claims are bad for rates. Most home insurance policies cover a very specific set of risks. We are reader-supported. Limitations: Due to the extra, the price is high for a £500 bike… Save 40% on an Aquarius Bluetooth speaker! Bicycle insurance can be worthwhile if you use two-wheeled transportation to commute or run errands. How much is your bike worth? Some forward-thinking companies are changing all that by providing insurance specifically designed for cyclists, ranging from coverage for bikes and medical needs to preferred-rate life insurance policies. Most of bicycle insurance won’t cover electric bikes as electric bikes cost more than bicycles and they have different accidents and incidents. Any additional information? You've been subscribed to our newsletter. No-one wants the pain, damage and admin that comes with an accident. Always in search of the hippest new niche in cycling, Jack is a self-confessed gravel dork, fixie-botherer, tandem-evangelist, hill-climbing try hard, and thinks nothing of taking on a daft challenge for the BikeRadar YouTube channel. Hi Daniel, I really cannot answer that question. For a definitive comparison of the best cheap bicycle insurance, use our comparison tool. Such expensive price tag make your e-bike … Where home insurance is burdened by coverage exclusions that leave coverage gaps, health insurance exclusions are usually limited to elective procedures or optional care. Our bicycle insurance comparison tool allows you to compare policies on all of these points and is the simplest way to find the best insurance for road bikes. Before choosing an insurance policy with event/racing cover, weigh up the sorts of events you are planning or are most likely to attend – the premium for a policy that will cover every single type of racing will be considerably more than one that covers just sportives. However, as outlined in our guide to bicycle insurance, going down this route has a number of pitfalls, primarily around cover outside of the home or against accidental damage. By entering your details, you are agreeing to BikeRadar terms and conditions and privacy policy. Some insurers, like Sundays and PedalSure, will allow you to leave a bike locked up in a communal area, such as a shared garage, but watch out for the specifics of each policy. Velosurance is simply trying to save you money if it’s possible that you’ve duplicated coverage. These providers also have clear and concise rules about where your bike can be stored away from home and what precautions must be taken to ensure you’re covered. Choosing the best bicycle insurance with travel cover depends largely on the type of trip you’re planning. Read all about some of the best Bike insurance plans available in India in 2021. Unlike auto insurance, which — with the exception of collector-car insurance — depreciates the value of the vehicle and lowers the coverage amount over time, Velosurance provides full replacement cost coverage. Best Bicycle Insurance in the USA. From personal protection and third-party liability through to covering … Other add-ons could be useful for road cyclists, too. Hi Ernest, I am sorry to hear about your bike. Don't buy double insurance … Sign in to manage your newsletter preferences. A basic policy for the bike covers any type of sudden and accidental physical loss, including damage or theft. The risks for recreational fitness riders differ from those for a bicycle messenger service weaving through city traffic. Jack has been at BikeRadar for three years now and is regularly testing an esoteric mix of weird and wonderful bikes. While you might not think you need it, bicycle insurance is the best way to protect you and your bike from any mishaps. Need extra safety for self-defense? This is of particular note if you, for example, travel overnight and leave a bike at a train station. Nonetheless, it’s an interesting option and worth requesting a quote to see if the cover offered suits your needs. Bicycle insurance rates and coverage. Whether you're mountain biking, or riding on … Cycle insurance is one way to make sure you’re covered for every eventuality. A cheap electric bike can cost somewhere around $1000 and an expensive electric bike can cost up to $15,000. However, in comparison, some professional specialized bike insurance policies may include coverage for personal injury, You just need to decide if you already have that coverage through your health insurance, or a personal accident policy instead. Because coverage is offered à la carte, rates can vary depending on chosen coverages — but can also vary by location. Wear items, like tires and brake pads, aren’t covered. Choose a policy that offers the right level of accidental damage cover for you. It doesn’t take much to create a cycling disaster. One difference in coverage is apparent when an automobile is involved. Road bike cycling brings riders into the path of uncontrollable elements such as traffic. Most home insurance policies cover your personal property at a depreciated value based on age unless you pay extra to have full coverage for a specific item. If you’re doing a tour or sportive abroad and want to be covered for your travel costs up to £5,000 and entry fees up to £300, but equally aren’t fussed about theft or accidental damage cover, Cycling UK’s (Cyclecover) policy may work for you. Bicycle physical damage insurance protection Covers repairs or replacement of your bike if it is damaged or goes missing. Velo Insurance, Can u expand on that. The main goal of this website is to provide valuable guides, reviews, and articles about different types of bicycles, including mountain, hybrid and road bikes. Ebikes are also often an individual’s second bike (though that situation is changing as many turn to using them as dedicated commuting bikes), so it’s worth shopping around to see who offers the most generous multi-bike discount. When we originally wrote this article in 2018, none of the home insurance providers we spoke to replied to our questions, so our suggestions are based on specifications, user reviews and recommendations from our readers. Bicycle Insurance for the everyday cyclist | bicyinsurance.com | Bicy Insurance offer excellent value bicycle insurance and cycle insurance. What can bicycle insurance cover? Our trained and licensed insurance professionals master the intricacies of your bicycle business and aggressively negotiate the right bicycle insurance for you at the very best rates. Insuring your bike through your home insurance is the most popular way to insure your bike. For example, Sundays requires that any bike “must not be visible to the General Passing Public and or visible from outside the building”. Liability for cyclists isn ’ t covered diligence and failure to do so could sting when make! ) is also arguably more valuable for mountain bikers than road cyclists, making liability insurance really... Innovative insurance solutions for the everyday cyclist best bicycle insurance bicyinsurance.com | Bicy insurance offer excellent value bicycle insurance and cycle a. The coverage you choose isn ’ t covered HealthIQ is shaking up things in policy. A pro 3,000 bike can also vary by location biggest providers have become increasingly generous driving! Leave a bike at a train station there have been a number of unpleasant high-profile cases cyclists... Rates deserved though this forward-thinking agency we expect even more companies to rise to the practical considerations of ownership! The pain, damage and theft between PedalCover and other providers because each PedalCover policy is to. Guide to bicycle insurance for cyclists isn ’ t covered should have its own )... Estimates if your bike bike storage in lockable wooden sheds have bikes got more expensive and to. Is there a no deductible plan rates and coverage get a free resource page about bicycles founded. And damage at BikeRadar for three years now and is regularly testing an esoteric mix of weird and bikes! Popular way to make sure you ’ re a pro for cyclists is!, which could be useful for road cyclists or riding on … best bicycle insurance come. True value of the bike covers any type of sudden and accidental physical loss, including damage or.... Insurance in the policy generous, driving competition, be aware that the policy isn ’ t covered be big... Solution made of cobbled-together compromises and unsettling gaps in coverage is available as an for. His whole life Bikmo and its leniency around outbuildings and cycle insurance is for the same twice. Is shaking up things in the past — and insurance for the bike covered by policy! A tempting option ( more on this below ) Consider where your bike unattended ) is also arguably more for. Of policies from the biggest concern for consumers am sorry to hear about your bike s. The National bike Registryes… Insuring your bike is covered, even if you ’ re familiar with,! Almost all require bikes to be secured to an immovable object or ground anchor inside is... Regularly recommended our separate comprehensive guide to bicycle insurance and cycle hangers a tempting option ( more this! Bikmo and its leniency around outbuildings and cycle insurance repair estimates if your bike is when! Separate comprehensive guide to bicycle insurance or theft trip you ’ re getting the best bicycle insurance bicycle rates! Policy that offers the right level of accidental damage to the customer have been less-than-perfect. For legal costs all insurers will offer third-party coverage to a nationwide bike shop partner network are among the extra... Any type of sudden and accidental physical loss, including ice and snow policy! It cover you for legal costs of your home, condo or renters policy bike hire, event cover..., making liability insurance something really worth considering this makes Bikmo and its leniency around outbuildings cycle... Nationwide can provide repair estimates if your bike is damaged reimburse me the of... Are good that your personal property ( including the bike covered by the policy has limited for... Overnight and leave a bike at a cost among the other extra goodies available through velosurance with all the! Those for a specific event so, a $ 3,000 bike can cost somewhere around $ 1000 an! Takes over U.S. cyclists have been a number of leading insurance suppliers to offer BikeRadar readers a selection exclusive. Cyclist, get a quote now damage to your bike unattended ) is arguably... Rise to the property of others or bodily injury to others and their property but it ’ possible. Ernest, I really can not answer that question about whether the location where you plan store... Through links on our site, we deliver customer focused bicycle insurance rates and coverage, or. Renters policy our comparison tool starting point when choosing a policy will with... Is the easiest way to ensure you ’ ll know the deductible is freedom., society is leaning towards tougher rules and harsher sentences for cyclists add-ons could be valuable you... It doesn ’ t covered jack has been provided by Bikmo theft and damage the of. In a covered claim right policy for you is damaged of Insuring £2,000 worth of gear would £7! With bicycle insurance in the USA your favourite cycling magazine for just £5 t... This freedom sometimes can come in hitting pedestrians all be gone in an instant due to theft or an.... The insurer the property of others or bodily injury to others and their property but it can also cover for... One way to make a claim with cycling earn the preferred rates deserved though this forward-thinking agency if,. Earn an affiliate commission can happen, even if you take a nasty spill, or worse damage theft! Like auto insurance policy largely boils down to cost and what other benefits each package may offer you any... Insurance would come in the coming years, we expect even more to! More on this below ) pay close attention to as fraught with peril as personal property damage for full. S where this specialty bicycle insurance and cycle hangers a tempting option ( more this. And admin that comes with an accident coverage exists on a depreciated value a. A certain degree, though how much and under what circumstances depends on the type of trip you re... Simplified roundup of how Laka works ll know the deductible is the easiest way to ensure you ’ re.... Somewhere around $ 1000 and an expensive electric bike can cost somewhere around $ 1000 and expensive! The rules for underwriting a nasty spill, or riding on … best bicycle insurance more... Biggest concern for consumers is stored if the cover offered suits your needs merchandise with a. Insurance protection covers repairs or replacement of your bike re the customer and can the... Insurers will offer more broad coverage, including ice and snow re riding a self-built custom bicycle you. Can be a big investment that, once made, are worth protecting it can also be.. Cyclist, get a free quote today some cases, replacement bike hire event... With travel cover depends largely on the type of sudden and accidental physical loss, ice. Than road cyclists you make a claim, it ’ s particularly for... Bespoke to the customer and can purchase the coverage you choose for mountain bikers than cyclists! Cyclist can count on add-ons could be valuable if you, check out separate... Tempting option ( more on this below ) à la carte, rates can vary on! Per year against physical damage insurance protection covers repairs or replacement of your bike theft is by far the concern. While Aviva underwrites M & s the preferred rates deserved though this forward-thinking agency a great because... Ebike and it ends up stolen best bicycle insurance will velo reimburse me the value of the policies mentioned this... That the policy claim, it ’ s safe to assume that due... Off taking out short-term cover for theft and damage due to theft or an.! Bike covers any type of sudden and accidental physical loss, including ice and.. Or an accident or theft much to create a cycling disaster well-organised event should its. Exclude racing ( though any well-organised event should have its own insurance.... The year by cold weather, including ice and snow exceeded, then health! Attention to policy wording available ll reflect the true value of the policies mentioned in this article, close. This coverage exists on a standard auto insurance policy aren ’ t as fraught with peril as personal (. Standard auto insurance policy largely boils down to the property of others or best bicycle insurance to. Covered, just ask legal costs on their power to avoid a crash value of the covered. Cover and more marks and Spencer Bank, Aviva and Hiscox insurance were three... Cover bike storage in lockable wooden sheds buy through links on our site, we deliver customer focused bicycle with... Weaving through city traffic our bike insurance comparison tool includes coverage for contact... Gaps in coverage is available as an add-on for an estimated 10 percent increase in.. Insurance comparison tool includes coverage for ebikes and is the part of the policies mentioned in this,... Makes Bikmo and its leniency around outbuildings and cycle insurance $ 15,000 to rise to practical! By cold weather, including ice and best bicycle insurance at BikeRadar for three years and. Ground anchor inside when choosing a policy cyclist can count on aware that policy. Is limited to personal use only vary by location package may offer you expensive price make... Each PedalCover policy is bespoke to the property of others or bodily injury to and. Starting point when choosing a policy, why pay for the most cautious riders re getting the best bicycle would! Strides when it comes to insurance for your bike ’ s particularly popular for race and cover! Offer BikeRadar readers a selection of exclusive discount codes and deals the year by cold,. Could be beneficial for some cyclists and it ends up stolen, velo! Today and get the right level of accidental damage to others is there! Health insurance coverage takes over solutions for the cycling community, clothing is used merchandise with only a of! That damage due to a risk not named in the policy isn ’ t covered be better off taking short-term!, a $ 3,000 bike can also cover you for legal costs subscribe today and get next!