Bicycle Insurance - Compare cheap quotes
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Why do you need bicycle insurance?Cycling is one of the top methods of transport in the UK, with 42% of people now owning or being able to access a bicycle.
There has been a cycling revolution in the UK and this is mainly down to an appetite to be more environmentally friendly and also a health push as cycling is a great way to exercise. There has been a promise of a push for cycling by The Department of Transport which will include schemes to encourage this green way of travelling. 
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The main reason for consumers to cycle as their main form of transport is that bikes are very cheap to run.
The high costs come from purchasing a bike initially which can be anywhere from £1,000 to more high end bikes which can be up to £10,000 The increase in use of bicycles has also led to a hike in crime. Bikes are very valuable on the black market and according to the national office of statistics there were 300,000 bikes stolen last year. This is the main reason why having a bicycle insurance policy is important. |
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Is bicycle insurance a legal requirement if you're cycling on the road in the UK?
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There is no obligation for bicycle riders to take out insurance.
There have however been calls for insurance to become compulsory for bicycle riders due to the damage they can cause to cars which the rider would would be personally liable for. The real reason for bicycle insurance is to cover the rider against theft. How can I find cheaper bicycle insurance? The best way to find cheaper bicycle insurance is to use A Spokesman Said and save a huge amount of money. There are a few other ways that you can decrease the price of your bicycle insurance: You should increase the security of your bike by having a high quality insurer approved lock. Insurers will tend to have a list of locks they approve giving them a gold, silver or bronze rating. If your bike is worth more than a certain amount, but not locked using an approved lock, they may refuse to pay out your claim. Register you bike on bikeregister.com. This is the national bicycle database and every police force will use this to search for stolen bikes. Your bicycle could also be added to your home insurance policy. Higher end bikes will however need a separate policy. Some home insurance policies will only protect your bicycle from theft if it being stored in the home so make sure to double check the small print. Do not lend out your bicycle to anyone else. Most policies will only cover you riding it so if there your bike is damaged or stolen whilst you have lent it out then you will not be covered. You will be able to find a cheaper insurance if you agree to pay a higher excess fee, of course this means you will pay a higher proportion of the costs when making a claim. 
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Does bicycle insurance include cycling liability cover?
This depends of the insurance provider that you choose to go with. Many bicycle insurance companies will include some form of third party cycling liability cover. This means that you would be given a payout if a pedestrian or motor vehicle driver were to take legal action against you due to damage or personal injury caused. Does bicycle insurance cover the tyres? Bicycle insurance does not cover the tyres unfortunately. If you damage the tyres you will generally end up paying the costs yourself. 1) You could pay less than £36 for bicycles valued up to £1500* *51% of customers with a bicycle valued up to £1500 who obtained a quote for Bicycle Insurance through this service provided by Seopa Ltd during September 2023 were quoted less than £35.12. Using the same calculation for bicycles valued between £1500 and £3000 gave a figure of £68.66 and for bicycles valued over £3000 gave a figure of £143.54. The quote price you could achieve is dependent on your individual circumstances. 2) You could pay less than £69 for bicycles valued between £1501 and £3000* *51% of customers with a bicycle valued between £1500 and £3000 who obtained a quote for Bicycle Insurance through this service provided by Seopa Ltd during September 2023 were quoted less than £68.66. Using the same calculation for bicycles valued up to £1500 gave a figure of £35.12 and for bicycles valued over £3000 gave a figure of £143.54. The quote price you could achieve is dependent on your individual circumstances. 3) You could pay less than £144 for bicycles valued over £3000* *51% of customers with a bicycle valued over £3000 who obtained a quote for Bicycle Insurance through this service provided by Seopa Ltd during September 2023 were quoted less than £143.54. Using the same calculation for bicycles valued up to £1500 gave a figure of £35.12 and for bicycles valued between £1500 and £3000 gave a figure of £68.66. The quote price you could achieve is dependent on your individual circumstances. |
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