Best Bike Insurance

windbreaker
windbreaker Posts: 91
edited October 2008 in The bottom bracket
What is the best bike insurance deal?

My Home Insurance is up for renewal next month. I currently pay £200 a year for my main 4 bikes, on top of £220 for building and contents. I will be getting a Brompton in the next couple of weeks as well. The Insurance I have with LV is good for the home and contents but not cheap for the bikes.

I used to have good bike insurance on my More Than home insurance - it covered all bikes up to a named value. However the building and contents policy was extortionate. The Bike insurance covered the whole fleet. I currently have not insured the kids bikes, trailers etc, as insuring them is too expensive. Having said that I’ve not had a bike nicked for about 12 years, but figure the Brompton will be very attractive to thieves – although I don’t plan on leaving it outside much.

What is the best policy for a fleet owner such as me?

I appreciate all advice.

Comments

  • avoidingmyphd
    avoidingmyphd Posts: 1,154
    look at hiscox.

    I always assumed from their ads that they would be v expensive. but they're not.
  • ColinJ
    ColinJ Posts: 2,218
    As has been said many times before, M&S home and contents covers multiple bikes for up to £4,000 each. The actual insurance might cost more than others so you'd have to do your sums to see if it was worth it for you.

    I use it.
  • Harry B
    Harry B Posts: 1,239
    ColinJ wrote:
    As has been said many times before, M&S home and contents covers multiple bikes for up to £4,000 each. The actual insurance might cost more than others so you'd have to do your sums to see if it was worth it for you.

    I use it.

    Me 2 but I think the cover is up to £5k
    www.justgiving.com/thetwodaves
  • ColinJ
    ColinJ Posts: 2,218
    Harry B wrote:
    ColinJ wrote:
    As has been said many times before, M&S home and contents covers multiple bikes for up to £4,000 each. The actual insurance might cost more than others so you'd have to do your sums to see if it was worth it for you.

    I use it.

    Me 2 but I think the cover is up to £5k
    It might have gone up since I last checked, but it doesn't matter to me since my most expensive bike cost about £1,750. I wouldn't spend more than £4,000 on a bike even if I was a multi-millionaire. I think the law of diminishing returns for racing bikes kicks in hard at about the £1,500 mark. A £3,000 bike would be lovely, a £4,000 bike - great. £5,000... I'd want everything gold-plated for that!

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