Help Please! Cycle Insurance too expensive!

chonginc

I've just got a quote from Cycleguard Insurers for 2 bikes totalling up to just under £5000 and the annual premium.... £760!! :shock: I mean, seriously I don't pay that for my Civic Type R each year!!

What else is there out there? Any advice would be greatly appreciated from you all! Ta!

dav1

ask your home insurer if they can add it, usually works out cheaper.

It is expensive but unfortunately bikes are prised items for lowlife scumbags with a crowbar and some bolt cutters.

Wacky Racer

Mine is covered on my home insurance, had to pay a little extra on my premium, but not much.

Otherwise check the back pages of one of the MTB magazines, there are quite a few insurers listed, I guess some are cheaper than others.

GHill

What do you want from the insurance policy? Theft from home is usually best handled (in terms of price) on "normal" home insurance. If you want cover from damage whilst riding etc then you will pay through the nose for it.

psilocybe

Have a look at M&S insurance, house insurance that is. My 2nd year quote for my 2 bikes worth 3k came to around 300 quid with cycleguard or someone but when i got a quote for house insurance with extended contents and bikes upto 4k it came to 300 quid.

nferrar

I switched from Cycleguard to M&S to, anything individually under £4k you don't need to declare separately. Cycleguard has a whole raft of exclusions and get out clauses in it's T&Cs to so I didn't have much faith in them paying up anyway.

bails87

Mine's covered on the home contents insurance, covers theft from home, theft from me while I'm out, accidental damage and other stuff I think, was a little bit extra on the premium, but worth it. I'm pretty sure we're with RSA, and the insurance is actually sorted by More Than.

ride_whenever

M&S household insurance, far and away the best and cheapest method.

matt748

+1 for M&S. Switched from 'More Than' as M&S will cover bikes up to £4000 without even naming them, and their 'away from home' cover is worldwide. Actually worked out cheaper than 'More Than' too.

canada16

AA for me, and it cost me nothing, anthing up to 1500.00

But will need to change as just got some xt brakes wheels and crank, so its going to push it way over the 1500.00 might have to pay extra, or move