bike insurance

ianbar

i am going to be getting a new ride in the next couple of weeks and it is much more expensive than my current bike and would like to protect my investment as much as i can.i have briefly looked for insurance, has anyone got any tips or guidance?

lc1981

A lot of people seem to find that listing their bike(s) on their home contents insurance is the best option. Have you looked into this?

dyson1590

If you're gonna insure it separately and have / are thinking of joining British Cycling, you get 15% off with a recognised insurer as part of the membership.

sungod

it varies a lot depending on insurer, where you live, value of bike, and cover

i've got mine on m&s contents insurance - the original policy terms, i don't think they are issuing new policies on the same terms though

it doesn't exclude racing, and with the options i chose gives worldwide cover on bike and other stuff, overall cost was far less than equivalent bike-specific insurance

if you've got contents insurance, check if it already covers you, if not, contact the insurer and ask about adding cover, also look at alternate contents policies to see if you can do better

before handing over your money, read all the fine print, not just the headline coverage, pay particular attention to exclusions and what will happen if you claim - will it be replace as new, or depreciated value; will you be forced to accept the insurer's supplier (usually wheelies) etc.

p1tse

My home insurance add on only covers bike to £1k, so something worth noting

Having never insured a bike what's a good price
My house insurance is an additional £25 I think to cover. £1k but not sure on details

With my bro in law having been knocked off before I'm tempted by British cycling at £25 a year for public road liability third party type insurance

lc1981

p1tse wrote:

Having never insured a bike what's a good price
My house insurance is an additional £25 I think to cover. £1k but not sure on details

The details obviously matter, as pointed out above, but on the face of it, £25 sounds good. I think I paid around £4 a month to insure my £900 Specialized Rockhopper when I had a standalone policy for it from E&L.

essjaydee

I've been looking around for a good insurance policy.

Quote via British Cycling was £100/year for adequate costs of cover for my bike, which includes theft away from home, but you have to use a sold secure gold lock, so make sure you read the full terms of the policy.