Bicycle insurance

Compare quotes with bicycle insurance provider Assetsure[1]

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Get cycle insurance for mountain bikes, pushbikes, road bikes and more

If you regularly ride a bike, you can buy insurance that’ll compensate you if it’s stolen or you’re in a road accident.

If you’re caught up in a traffic collision, without insurance you’re faced with the cost of repairing or replacing your bike. You could also potentially be sued as part of a public liability claim and have to pay legal fees.

The best bicycle insurance will offer some form of financial protection for every eventuality cyclists face on the road.

A comprehensive policy can include:

  • Damage and theft - This will cover you for criminal or accidental damage that occurs unexpectedly, as well as claims for vandalised or stolen bicycles.
  • Legal expenses - You can make a claim if your bike’s vandalised or stolen. As bicycle theft is quite common, this is an important aspect of cover.
  • Replacement cycle hire - Your insurer might cover the cost of hiring a replacement bicycle. There will be a limit on how much you can claim for this though.
  • Clothing, accessories and helmets - Helmets, specialist clothing and gadgets can be expensive, so it’s worth covering any valuable cycling accessories you use.

Types of insurance for cyclists

You can cover a bicycle under your home’s contents insurance policy, or buy a specialist stand-alone policy that’s specific to bicycles.

Just make sure you’re not doubling up on cover by buying both, or you’ll be paying for insurance you don’t need.

Cover with home insurance
Specialist bicycle cover

Many insurers cover bicycles as standard under a contents insurance policy. If you already have home insurance, it’s worth checking your documentation to see whether your bike is currently covered.

Some insurers will only cover theft or damage to your bicycle at home, so you might want to look for a policy that includes ‘items outside of the home’ cover.

Be aware that there will probably be a single value limit for how much your home insurer will cover your bike for - so if your bike costs £1,000 and your insurer’s single item limit is £800, you’ll be £200 out of pocket.

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Key points

  • Bicycles are commonly covered under contents insurance
  • You might need extra cover for items away from home
  • Check the single item limit is enough

Expensive bikes, like those used for races and competitions, are better covered by a specialist insurance policy.

Specialist insurance covers lost race fees, cycle clothing and accessories, theft or damage, public liability and personal accident cover.

Most policies will only cover the bike if it is in possession of the policyholder at the time of the incident.

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Key points

  • Useful for expensive, racing bikes
  • Covers things such as theft, damage and personal accidents
  • The bike will only be covered while it’s in possession of the policyholder

How to get bicycle insurance quotes

It doesn’t take long to get quotes. You’ll need to tell us a few details about you and your contents to get started:

  1. Details about your bike

    The type, make and value

  2. Standard cover requirement

    Excesses, accessories cover, replacement cycle and no claims discount

  3. Optional extras

    Do you need cover for personal accidents or competition use?

  4. Security information

    What locks and alarms you have installed

  5. Your details

    Your name, address and age

Don’t leave your bicycle uncovered17,520 cyclists were killed or injured in reported road accidents between June 2017 and June 2018[3]

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According to the Department for Transport

Upgrades and optional extras

Upgrading your bicycle insurance policy with optional extras could give you the extra cover you need. Common optional extras include:

Public liability

Public liability covers you for claims made against you by others for injury or damage caused by you or your bike.

Personal accidents and collisions

Legal cover can assist you financially in cases where someone’s negligence has caused damage to your possessions and you’re looking to sue. Some contents insurance policies include this as standard so it’s worth checking.

Personal possessions cover

If you’re involved in an accident, your insurer will pay for the repair or replacement of your bike.

Get you home costs

Transport to get you to your destination or home following an insured event.

European cover

European cover insures you and your bicycle for when you're road cycling, mountain biking or cycle-touring abroad.

Competition use

Covers you for accidental damage or injury during races or a time trial.

Family use

Family and friends borrowing your bike can be covered too.

Compare bicycle insurance to find cover that’s right for you, for a great price

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Compare quotes with us today to see how much you could save

There were 317,000 incidents of bicycle theft in 2018, according to the Crime in England and Wales Survey

You can help protect your bike from criminal theft and damage when you take out bicycle insurance cover

How to protect your bicycle at home and in the street

Failure to keep your bike secure could invalidate your insurance policy. Here are our top tips for keeping your bike safe:

  1. Keep it locked

    Store your bike in a locked shed, garage or something secure and immovable like a ground anchor

  2. Keep it out of sight

    Keep your bike out of public view, especially if it’s an expensive brand or fashionable model

  3. Don’t leave it unattended

    Never leave your bike alone and unsecured, even ‘just for a minute’

  4. Don’t rely on a signpost

    Bikes can often be lifted off signposts, so locking them there can be a waste of time

  5. More security

    Lock both wheels and the frame of your bicycle to the bike stand

Frequently asked questions

  • How much is bicycle insurance?

    In July 2019, the average annual price for a bought bike policy at GoCompare was £277.[2]

    Your actual bicycle insurance quote will be calculated based on your circumstances and takes into consideration what kind of bike you ride and its value.

    Mountain bikes, street bikes, pushbikes, road bikes, folding bikes, hybrids and electric bikes are all usually covered. If you’re riding a self-built custom bicycle, you can get insurance for your bike’s unique specification.

    If you need to make a claim, it’ll reflect the true value of the bike. Just make sure your insurer’s aware of any modifications before you buy a policy, otherwise you might not be covered.

  • How much should I insure my bicycle for?

    You should insure your bicycle and accessories for their cost of replacement, if you were to buy them as new.

  • Can I insure more than one bicycle?

    With our provider assetsure, you can insure up to 5 bicycles at any time. This includes mountain bikes, road bikes, electric bikes and more.

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Bicycle insurance guides and tools

[1]Gocompare.com introduces customers to Assetsure who are authorised and regulated by the Financial Conduct Authority. Gocompare.com’s relationship with Assetsure is limited to that of a business partnership, no common ownership or control rights exist between us. Please note, we cannot be held responsible for the content of external websites and by using the links stated to access these separate websites you will be subject to the terms of use applying to those sites

[2]In July 2019 the average annual price for a bought bike policy at GoCompare.com was £277.27

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