Bicycle Insurance | 60% Off Cycling Insurance Cover (2024)

FAQs

What does cycling insurance cover? ›

Bicycle insurance covers the cost of repairs or replacement if your bike is stolen or you're if you're in an accident and your bike is damaged. It can also cover the cost of any claims made against you if you were to injure someone or damage property.

Many insurers cover bicycles as standard under a contents, or home and contents, policy (see our Home Insurance guide to get cheap cover), so you may already have cover without knowing it. Check your policy documents to find out.

Or, you can buy specialty bike insurance. Deductibles typically apply on your home, renters, or condo policy. Take into account what your deductible is and compare it to the cost to repair or replace your bicycle. If the cost is below your deductible, your damaged or stolen bike won't be covered by your policy.

The policy covers bicycles anywhere in the USA and Canada for all types of accidental damage as well as theft, including loss or damage caused while in transit by road or air.

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.

Insurance riders typically cover, at an additional cost, an item that might not be already covered on your policy or is inadequately covered. This could include such items as an engagement ring, bicycle, or expensive piece of artwork.

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.

The standard policy not only covers the cost of repairing the bike but also compensates for any damaged riding gear and apparel (up to $500). Additionally, it provides an extra $500 per loss, with a maximum of $1,000 for the policy term, to help cover the cost of spare parts, such as a racing wheel set.

Most states regulate e-bikes as regular bicycles, which means that there are no insurance requirements.

This is a critical topic for eBikes considering their high price. Coverage varies by the insurance company but for many, eBikes are considered "motorized" vehicles and, therefore, excluded from any coverage on homeowners or renters policies.

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.

You might think the police will do nothing. You might think it's a waste of time. But the fact is that almost half of stolen bikes are eventually recovered by the police. And the only reason that just 5% of stolen bikes are returned to their owners is that the police can't link the bikes to the owners.

Markel is an insurance carrier. Velosurance is a general agent that writes Markel's policies. In a way it's like buying directly from the manufacturer versus from a retailer.

A cycle insurance offers financial coverage in case the insured cycle incurs any damage or loss due to accident or theft. It also includes personal accidental cover in case the cyclist is injured.

How much does motorbike insurance cost? 51% of our customers were quoted less than £550.64 for their bike insurance in June 2024. 51% of our customers were quoted less than £765.50 for their 125cc bike insurance in June 2024. 51% of our customers were quoted less than £509.39 for their 50cc bike insurance in June 2024.

The report reveals while an estimated 12.4 million cyclists will be taking to the UK roads this summer, only 18% of them will be insured. The rise in cyclists on the roads is mainly due to the travel restrictions as a result of COVID-19.