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Compare bicycle insurance providers

1st

Review Score

9.6

based on 204 reviews

Bicycle Only*

£83.62

per year

Bicycle & Cyclist**

£94.18

per year

Personal Accident Cover***

£50k

Public Liability Cover****

£2m

AssetSure's policies are completely customisable to your personal needs so you only pay for cover that you'll benefit from.

2nd

Review Score

9.4

based on 690 reviews

Bicycle Only*

£53.50

per year

Bicycle & Cyclist**

£72.26

per year

Personal Accident Cover***

£50k

Public Liability Cover****

£5m

Cycleplan will replace your bike on a 'New for Old' basis as standard on bikes up to 3 years old

3rd

Review Score

9.4

based on 2,192 reviews

Bicycle Only*

£75.88

per year

Bicycle & Cyclist**

£113.37

per year

Personal Accident Cover***

£45k

Public Liability Cover****

£4.5m

The Insurance Emporium's 'Pick 'n' Mix' style policy can be tailored to your personal cycling needs, so you only pay for the cover you want.

4th

Review Score

9.3

based on 606 reviews

Bicycle Only*

£85.68

per year

Bicycle & Cyclist**

£95.16

per year

Personal Accident Cover***

£20k

Public Liability Cover****

£2m

Bikmo claims to provide exceptional customer service through their team of self-proclaimed 'bike geeks'.

5th

Review Score

9.2

based on 292 reviews

Bicycle Only*

£88.70

per year

Bicycle & Cyclist**

£149.68

per year

Personal Accident Cover***

£50k

Public Liability Cover****

£1m

Pedalsure can cover you in under 60 seconds and aims to resolve all claims in less than 24 hours.

6th

Review Score

9.1

based on 1,999 reviews

Bicycle Only*

£80.20

per year

Bicycle & Cyclist**

£110.61

per year

Personal Accident Cover***

£25k

Public Liability Cover****

£5m

All of Eversure's policies include worldwide cover at no extra cost, so you're covered at home and away.

7th

Review Score

9.1

based on 301 reviews

Bicycle Only*

N/A

Bicycle & Cyclist**

£97.45

per year

Personal Accident Cover***

£25k

Public Liability Cover****

£2m

Choose from their Essentials, Performance or Ultimate cycling packages to get the cover that you really need.

8th

Review Score

8.8

based on 232 reviews

Bicycle Only*

£54.19

per year

Bicycle & Cyclist**

£68.41

per year

Personal Accident Cover***

£25k

Public Liability Cover****

N/A

All policies come with instant cover for accidental damage and theft both at home and worldwide.

9th

Review Score

8.8

based on 79 reviews

Bicycle Only*

£72.60

per year

Bicycle & Cyclist**

£97.56

per year

Personal Accident Cover***

£25k

Public Liability Cover****

£5m

You can insure up to 10 bikes on the same policy and the more you insure with them, the bigger the discount.

10th

Review Score

8.1

based on 26 reviews

Bicycle Only*

N/A

Bicycle & Cyclist**

£132.60

per year

Personal Accident Cover***

£10k

Public Liability Cover****

£2m

Choose from three simple levels of bicycle insurance to get the cover that best suits your needs.

*The quote received is for bicycle insurance only based on a £1,000 road bike.

**The quote received is for bicycle and cyclist insurance based on a £1,000 road bike.

***This is the maximum amount of personal accident cover this provider offers.

****This is the maximum amount of public liability cover this provider offers.

A Complete Guide to Buying Bicycle Insurance

Do I need bicycle insurance?

Whether you cycle for pleasure, to commute to work, to stay fit or to compete in events, you should consider taking out a specialist bicycle insurance policy. Not only do bicycle insurance policies protect you against accidents that can happen while you’re riding but they also protect you from theft. Bicycle theft is rife in the UK, according to crime data, over 376,000 bicycles are stolen every year, which equates to one every 90 seconds. If you rely on your bicycle to commute, you’d either need to replace your bike or find an alternative way of getting to work each day which could end up being very expensive. But if you have a bicycle insurance policy in place, you’d be able to get back up and riding as quickly as possible and most insurers will even provide you with a hire bike while yours is being repaired or replaced.

But my bike is already insured under my home insurance policy…

You might think that you have substantial cover because your bicycle is included on your home insurance policy, however, the cover is often limited. If your bicycle is insured under your home insurance policy, it’s likely that you’ll only be covered for theft and accidental damage, so you need to consider whether this is enough cover for you. There are two ways your bicycle could be covered under your home insurance policy:

Contents insurance – some home insurance providers consider bikes to be contents so they will cover them if they’re damaged, destroyed or stolen whilst in your home. However, in the event of making a claim, there are often certain criteria that you need to meet for your claim to be paid out. For example, your bike must have been secured to an immovable object if it was stolen from your home.

Personal possessions taken out of the home – some insurers will cover your bike when it isn’t at home, provided you have personal possessions cover added to your home insurance policy. Again, there may be certain criteria you need to meet in order to get a payout in the event of your bike being stolen or damaged.

If your bike is at home the majority of the time and you only ride it occasionally, this level of cover might be adequate. But if you have an expensive bike that you ride more regularly, you should consider a specialist cycle insurance policy that provides you with a much higher level of cover.

What does bicycle insurance cover?

Most insurers will give you the option of taking out bicycle only insurance, cyclist only insurance or bicycle and cyclist insurance combined.

Bicycle only insurance

Typically, bicycle only policies provide cover for

  • Theft: covers the cost to replace your bike up to a certain limit if it’s stolen. Most insurers also give you the choice to include cover for your cycling clothing and accessories too.

  • Malicious or accidental damage: covers the cost to repair or replace your bike if it’s damaged or vandalised.

  • Replacement bike hire: provides cover for the cost of hiring a replacement bike if yours is being replaced or repaired in the result of a successful claim.

Cyclist only insurance

If you want to protect yourself whilst you’re cycling, cyclist insurance policies can cover you for:

  • Personal accident: pays out a lump sum if you were to lose a limb, lose your sight, lose your hearing, become paralysed or die while riding your bike.

  • Third party liability: covers the cost of any claims made against you following an incident that you caused while riding your bike, for example, colliding with a pedestrian.

  • Legal expenses: if you have an accident on your bike but you weren’t at fault, this covers any costs that you incur for taking a third party to court.

Bicycle and cyclist insurance

This covers all of the above on one comprehensive policy. Most insurers also give you the option of adding extras to your policy, including:

  • European or worldwide travel: your bicycle insurance policy will be valid when you’re abroad.
  • Competition cover: covers you if you’re competing in cycling competitions.
  • Clothing and accessories cover: provides cover if your cycling clothing or accessories are stolen or damaged.

What's not covered by cycling insurance?

Common exclusions include:

  • Accidents that occur while you are under the influence of alcohol or drugs
  • Using your bike for courier services
  • Loss or damage where you cannot provide proof of ownership
  • Damage to accessories where the bike isn’t damaged at the same time
  • Cosmetic damages like scratches or dents that do not stop the bike from working
  • Theft claims where you haven’t secured your bike correctly

How much does bicycle insurance cost?

The cost of bicycle insurance will vary depending on various factors including:

  • The value of your bike – the more expensive the bike, the higher the premium will be.
  • How you use your bike – if you compete in events, you’ll need extra cover at an additional cost.
  • How much cover you need – your premium will cost more if you take out a more comprehensive policy.
  • How many bikes you want to insure – although you will normally get a discount for insuring multiple bikes.

To give you an idea of the cost of cycle insurance, we got quotes from 13 providers based on a £1000 road bike. For bicycle only cover, the average cost was £71.89 per year. For a more comprehensive policy that covers both the bike and the cyclist, the average cost was £117.17 per year. Bear in mind that most insurers offer a fully customisable policy so you can alter what’s covered to suit your individual needs.

Compare bicycle insurance

When you compare bicycle insurance, make sure you aren’t just focusing on how much the policy will cost. Whilst this is important, it shouldn’t be the defining factor, there’s so much more to consider when taking out an insurance policy. We’ve put together the below table to give you a detailed comparison of what the top 12 bicycle insurers offer.

Provider Personal accident cover Public liability cover Legal expenses cover Cycle hire cover Clothing & accessories cover Single bike limit Max policy value New for old cover
Assetsure £50k £2m £100k £1k £500 £10k £10k Included
Cycle Plan £50k £5m £50k £1k £1k £30k £30k Included
The Insurance Emporium £45k £4.5m £10k £500 £500 £15k £15k Included
Eversure £25k £5m £250k £1k £1k £10k Amount Not Specified Included
Bikmo £20k £2m £100k £500 £250 or 10% £30k £30k Included
Laka Not available Not available Not available Not available £2k £15k £30k Not available
Yellow Jersey £25k £2m £100k £500 £2k £15k £50k Included
Yellow Jersey £25k £2m £100k £500 £2k £15k £50k Included
Pedalsure £50k £1m £25k £500 £1.5k £15k £30k Included
CoverCloud £25k Not available Amount not specified £1k £900 £6k Amount not specified Included
CycleGuard £10k £5m Amount not specified £500 £2.5k £20k £40k Included
CoverCloud £25k Not available Amount not specified £1k £900 £6k Amount not specified Included
Wiggle £10k £2m Amount not specified £500 £10k £10k £30k Included
Velosure £10k £2m Amount not specified £500 £1k £20k £20k Included

Please note, the figures listed in the table show the maximum amount available, most providers will allow you to choose the limit you want from a predetermined list.

Things to consider when taking out a bicycle insurance policy

What is covered?
Do you want cover that just protects your bicycle, just protects yourself or both? You should check what is covered as standard and then you can tailor the policy to add on additional extras if necessary.

When and where is the cover valid?
Read the policy carefully to check when and where you’ll be covered. For example, is your bicycle covered from theft if you’ve stored it at a different address to your home address overnight? Also, if you’re into cycle touring, you’ll need to ensure that you’re covered in other countries. Most insurers will allow you to choose whether you want to be covered worldwide or just in Europe for up to either 30 days or 60 days.

How much is your bike covered for?
Check if there’s a limit on the amount the insurer will pay out for replacing your bike. You might need specialist cover if your bike is expensive.

Do you need to have specific locks?
Most insurers insist that your bike is locked with an approved lock in order to be covered. It’s likely that there will also be rules about how you secure your bike, for example, locking it to an immovable object.

How much is the excess?
You don’t want to be paying a fortune if you need to make a claim. Most insurers give you the option to choose your excess, often varying from as little as £50 up to £500 but it’s worth bearing in mind that the lower the excess, the higher your premium will be.