logo Leave a Review

Compare folding bicycle insurance providers

Our comparison table is ordered by review score. The review score is the average weighted score based on product quality and user reviews from the last 12 months. Find out more about how our review score is calculated here.

1st

Review Score

9.6

based on 1,668 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 2,319 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 5,102 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 297 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 251 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.

What are Folding Bicycles?

Foldable cycles are becoming more and more popular in the biking to work world, which is evidently an emerging field of its own. Folding bikes can fold up to be the size of a bag so that you can take them on the train into the city then once you arrive you can easily assemble your foldable cycle and complete the last part of your commute on 2 wheels compared to 2 feet. Folding bicycles is definitely a new avenue that people are exploring.
 
 

Why get Folding Bike Insurance?

 
Folding bikes are cool but they are mainly used for commuters and that means riding at busy times and, on the majority of occasions, in big cities like London and Manchester where people come in on the train and go across the city on your foldable cycle. Also with folding bicycles, where they are a little more complicated than others because of the mechanics to let them fold, repairs need to be done directly with the manufacturer, which can cost more than other bikes.
 
Another reason you should get folding bike insurance is to cover the risk of theft, which is, unfortunately, becoming more and more common in the UK. According to UK Crime data, there were over 80,000 reported incidents of bike theft in the UK in 2020, and with road bikes not being cheap with the prices of folding bicycles ranging anywhere from £500 to the thousands, having insurance against damages or theft can work out saving you more money than you spend. 

Is Folding Bike Insurance a Legal Requirement?

 
No. Unlike car insurance, folding bicycle insurance is not a legal requirement in the UK. However, even though you don’t have to get road bicycle insurance, it is highly recommended to protect yourself from theft or any damages that come from foldable cycles.

Are Folding Bikes expensive?

 
Folding bikes can start from around £500 for something of alright quality and can go into the thousands as you increase the quality. However, if you purchase your folding bicycle under the UK Government ‘Cycle to Work Scheme 1999’ you can get up to a 30% discount off your bike and your company will pay for your foldable cycle and you can pay it off in a ‘hire purchase’ fashion payment plan, making folding bicycles in the UK a lot cheaper just by using it to get to work instead of public transport. So if you want a foldable cycle to ride to work but can’t quite afford the full price, the ‘Cycle to work Scheme’ is a great way to save yourself some money.
 

What’s covered under standard Folding Bike Insurance?

 
When looking for the best foldable cycle insurance, here is what is generally covered:
  • Theft- If your folding bike is stolen, you are covered. 
  • Accidental Damage- If you damage your bicycle by accident 
  • Malicious Damage- If your folding bike is vandalised or someone decides to damage it on purpose, most folding bike insurance policies will cover the repairs 

What’s not covered under standard Folding Bike Insurance?

 
The following are not covered as standard across most folding bike insurance policies but can be added as extras:
  • Accessories- If the accessories on your folding bicycle (GPS, lights etc.) get stolen or even vandalised, you can pay an additional fee to have them covered 
  • Cycling Abroad- You can pay an additional fee to have your folding bike covered to ride outside of the UK 
  • Third-Party Liability- This can be added to cover any damages your folding bike could make to a car or injuries it may cause in the event of crashes 
 

Pros and Cons of Folding Bicycle Insurance

Pros
  • When there are damages you can very rarely get new bits you have to return the folding bike to the manufacturer for repairs, which isn’t cheap 
  • Folding bike components wear faster than normal bikes so insurance can help manage the cost of maintenance 
Cons 
  • May not cover the full price of the accident, especially if a new bike entirely is required 
  • Can be paying out for something you may never see the benefit of 

Can I save money on my Folding Bicycle insurance?

 
Yes, it is possible to save money on your folding bicycle insurance in these two ways: 
 
  • Bike value - Make sure that you insure your folding bike for its current value, not the purchase price when you are asked to input the value of your road bike.
  • Optional add-ons - Make sure you only pay for additional extras if you know you’re going to need it. 

Why compare Folding Bicycle Insurance?

 
When looking for folding bike insurance it is so important that you pick the best folding bike insurance for you and that means comparing between providers and not just going with the cheapest option because sometimes, the cheapest option is not the best one.
 
At Compare by Review, we have compiled a list of the best providers of folding bicycle insurance not ranked on their price, but on the reviews of the customers of the providers.
 
Visit our main bicycle insurance page to compare normal bicycle insurance.