Top 5 Things to Consider When Buying Bicycle Insurance


Written by Brooke Stirling

Social media executive

It’s no secret bike riding has been gaining serious momentum more recently, with local government and community members really supporting the environmentally-friendly change. While the increase in both cycling for leisure and as a form of work transport has led to a long list of benefits, it has also increased the demand for the best bicycle insurance possible.

But what makes the best cycling insurance? What qualities and benefits should you look for when comparing bike insurance.

Of course, the right bicycle insurance will very much depend on your specific situation and how you’re using your bike. Still, there are five key considerations you should keep front-of-mind when making your decision.

1. You Require Breakdown Assistance?

The thought of being stranded on the side of a busy road, unable to ride your bike, is arguable the worst way to spend your day. In saying that, you may only ride short distances, work locally, or otherwise prefer to save some money on your insurance. Either way, it’s an important question to ask yourself.

2. What Accessories Would You Like Covered, If Any?

Cycle accessories are often forgotten when comparing bicycle insurance. Consider what bike accessories you would like covered, what their total value is and whether the insurance provider in question will include this in your policy. 

3. Is Your Bicycle Type Covered?

It’s important to note some types of cycles are considered outside the realm of ‘standard’ bike insurance. Cycles used to carry more than one passenger, Velomobiles, Streamlines, ePeds and more may all be excluded from your cover, so it’s important you check or ask if you’re unsure. 

4. Are You Covered For Overseas Travel? 

If you love to take your bike on holidays or compete in overseas competitions, overseas travel cover should be a top priority. Some cover will only protect you for a short timeframe or have unsupportive limitations, so be sure to read the fine print.

5. Will You Receive a New for Old Replacement Bike? 

If you have purchased a new bicycle that gets stolen or damaged beyond repair, the best Bicycle Insurance companies will allow you to replace your bike for a new model equivalent. At Velosure, you can use a retailer of your choice or one we recommend.

Once you’ve answered ‘the essentials,’ it’s time to hunt down the best value possible. A great way to do this is through a cycle insurance comparison chart, which compares the inclusions of popular cycle insurance providers.

Alternatively, many insurance providers offer a free quote calculator on their website, allowing you to better gauge pricing and options.