Bike insurance quote more than my car insurance!

unixnerd

Went to the CTC website and asked for a quite from their insurance provider/partner Cyclecover. About to buy a 3k bike so thought insurance might be a good idea, I don't currently insure any of my bikes as they're not hugely valuable and I live in a quite wee highland village. Got a quote for 244 quid! Insuring my BMW 328i costs me under 200!

I've not had a chance to contact my home insurance provider yet, hopefully they'll be a bit more helpful.

arlowood

Hi unixnerd

Guess your exisitng home contents provider should be a better bet.

I know that there is an exclusion on my home contents policy for any single item valued above £1500 - "away from home".

For one of my wife's rings I think they charged an extra £30 or £40 - certainly nowhere near £244. They might treat bikes a bit differently to jewellery but not that much I would suspect.

blablablacksheep

also interested in the whole insurance of road bikes.

I was told that if you enter a race either amatuer or pro then your insurance is invalid so if you entered a simple amatuer sportif and damaged bike or gear you not covered,

So with this in mind what insurance places are good to use for road bikes? and arent massive exspencive, i thougth CTC was one, another i know is British Tri but that it.

unixnerd

I was told that if you enter a race either amatuer or pro then your insurance is invalid

One site I looked at a tick box so you could pay even more if you wanted competition coverage.

shinyhelmut

blablablacksheep wrote:

also interested in the whole insurance of road bikes.

I was told that if you enter a race either amatuer or pro then your insurance is invalid so if you entered a simple amatuer sportif and damaged bike or gear you not covered,

So with this in mind what insurance places are good to use for road bikes? and arent massive exspencive, i thougth CTC was one, another i know is British Tri but that it.

A sportive specifically isn't a race so you should have no problems with insurance.

Smirf

I just went through the same process, but had to bite the bullet anyway. I ended up with velosure as they seemed quite practical about leaving it in a bike shed outside given it is locked to a concreted in ground anchor. Some of the others I tried insisted that it was kept in the house between 9pm and 6am... Which isn't practical

gsk82

i' just spoke to direct line who have told me that a £3k bike would be insured for its full value at my house and the £1k limit only applies to away from the house. did everyone else already realise that?

£250 to insure a bike away from the home seems bad value, i don't crash that often

Monty Dog

Agree on using your home contents insurance - bike-only policies are exorbitant because of fraudulent claims. Sportives aren't classed as 'competition' so you should be covered. If you are thinking of racing, the general rule is don't ride what you can't afford to replace if crashed or damaged.

fungus_the_muffin_man

gsk82 wrote:

i' just spoke to direct line who have told me that a £3k bike would be insured for its full value at my house and the £1k limit only applies to away from the house. did everyone else already realise that?

£250 to insure a bike away from the home seems bad value, i don't crash that often

It's not just about crashing!

What if some scroat comes along knocks you off the bike and nicks it? If it's not recovered then £250 out of house cover doesn't sound so bad after all.

gsk82

at £250 a year that would have to happen once every 12 years, more given that the bike wont be worth anywhere near £3k after a few months.

unixnerd

Update: Spoke to Direct Line who do my house insurance. Bike is covered for full value in the house if stolen but as it's over 2000 they won't offer any cover at all away from home. When my policy comes up for renewal and the bike has depreciated a bit they'll look into out of house cover then.

bendertherobot

Mine is free for however many bikes I have, up to £2k, both at home and whilst locked up elsewhere.

Tesco Finest. Seriously.