Home Insurance for Cyclists

Join other cyclists for a great deal on home insurance

About this group

There is a wide variety of home insurance policies on the market, so finding the one that’s right for you can seem like a lengthy process. But there are some quick and easy ways to narrow down the choices. For example, if you own a bike and use it regularly, it makes sense to choose a home insurance policy that also covers your bike and you as a cyclist. This removes the need to have two separate policies – one for your home and another specifically for ‘cycle insurance’ – which would be more expensive overall, and require double the paperwork and administration.

There are two main reasons why every cyclist should have insurance. The first is to cover the bike in the event of theft, which sadly happens all too often. In 2013 alone, 114,000 bicycles were reported stolen in the UK. That’s a staggering figure in its own right; but when you consider that many bike thefts go unreported, the real figure may be significantly higher.

The second reason has to do with public liability. Many cyclists overlook this, reasoning that – unlike car drivers, for example – there isn’t really much damage that they can cause. But taking the wing mirror off a BMW is not only easy to do, it’s also surprisingly expensive to replace. And that’s just one example of a potential incident. Moreover, cars are not the only thing that a cyclist can damage; statistics show that you’re more likely to collide with a pedestrian, in which case you could find yourself facing a considerable compensation claim.

There are many home insurance policies out there and many that provide some cover for a bike. However, some don't have liability cover, some don't cover more expensive bikes and some have strange restrictions on where you store your bike and how you lock it, so it is no surprise that some people give up on home insurance and get a separate policy for their bike at greater cost.

With this in mind, we have secured a deal on home insurance for cyclists with an insurer who gives you and your two-wheeled companion greater peace of mind. The policy includes cover for theft, loss and accidental damage of high value bicycles (so even your Cervelo, your Pinarello or your BMC TimeMachine will be protected), cover anywhere in the world so you can go on holiday without any worries, no excessive restrictions on the type of lock you have and the method of locking your bike you use and finally the all-important public liability cover in case you cause damage with your bike. On top of that, its a comprehensive home policy too, covering even the most luxurious of homes and contents.

By joining this group you use the buying power you share with other cyclists to get a better deal on insurance. And if you have friends, family or colleagues who are equally keen to ensure that their bike is in safe hands, why not invite them to join up too?

Learn more

Find out more about insurance with our guides to the best cyclist policies and the best home insurance.

Dan Woolley By Dan Woolley

Community questions and answers

bike insurance

View all 2 answers
  • avatar for ScottScott 1 year, 2 months ago

    Wanna insure my trek x-caliber 8 mountain bike it's worth £750 how much pls

  • avatar for DavidDavid (Bought By Many staff) 1 year, 2 months ago

    Hey Scott Thanks for the question. We introduce to insurance companies so don't have all the prices here and can't quote directly, but let me see what I can do to help. Sorry if this is old news to you; but you've got two choices: 1) You can cover your bike as part of your house insurance. Sterling can do that (click get a quote and arrange a callback) with a policy that covers up to £5,000 per bike. Alternative, since your Trek is valued at £750, you can get covered by some household-name insurers - see this article for some examples: https://boughtbymany.com/news/article/best-home-insurance-bikes-pedal-cycles/ 2) You can cover your bike with a specialist policy that's separate from your home insurance. We have a member deal with Bikmo via our Cycling Insurance group (https://boughtbymany.com/offers/cycling-insurance/) however Bikmo require a minimum of £1,000 of bikes to be insured (don't know if you have another one to cover too??). You can see a wider discussion of other options in this article: https://boughtbymany.com/news/article/cycling-insurance-uk/ Hope this helps! Cheers David

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