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Bicycle Insurance Guide

10th March 2020

You’ve got an amazing new cycle and bicycle insurance probably isn’t top of your to-do list, but just as you need home insurance to protect your house, insurance for your bike is definitely something to think about before taking it out for a ride.

While there are steps you can and should take to help prevent your cycle from theft, there’s no way to completely eliminate the risk. The numbers say it all: almost 400,000 bicycles are stolen across the UK each year! Cycle insurance can bring peace of mind and protection against a potentially large unexpected cost to replace your prized possession.

Is my bicycle covered by my home insurance?

Many home insurance policies will cover bicycles up to a certain value (often around £1,000) - though they usually need to be declared specifically. What’s more, this cover is often restricted to protection when the bicycle is at home. This means that your cycle isn’t covered when you’re out and about.

How do I value my bike for insurance?

If you’ve just purchased a brand new bike, this is relatively straightforward: you can refer to the price you paid for your cycle and components, ideally with an itemised breakdown - this applies to self-built bikes too. With bicycle insurance from One Pro, even if you bought your bicycle brand new a few years ago - if it’s under three years old - you can still refer to the recommended retail price. If it’s older, we recommend that you find out how much a similar bike of the same age costs.

Different bicycle insurance options

At One Pro, we’re a bit different to other bicycle insurance providers. We offer bicycle insurance on a pick and mix basis, meaning that you can buy any mix of our options as standalone covers rather than being forced to take a set of cover options. Take a look at our options below:

Bike and accessories cover

This is what most people think about when considering bike insurance. It offers cover for the bicycle itself, plus its components and accessories. Most bicycle insurance providers will require you to purchase this cover as standard, but with One Pro, this isn’t the case.

Public liability cover

Public liability cover for cyclists includes rider to rider and public liability in the event that you accidentally injure or damage a member of the public or their property while riding your bike.

Legal expenses cover

This is something that is often overlooked, but accidents involving cyclists and vehicles are unfortunately not uncommon, which is why legal expenses cover is something you may want to consider as part of your cycle insurance policy. Legal expenses cover also includes an advice helpline for guidance on relevant legal matters 24/7, 365 days a year, which can help to provide real peace of mind.

Rescue cover

If you’re keen on long rural cycles or cycling holidays, rescue cover is something to think about. It will assist you with a recovery pickup, available 24/7, 365 days a year, if an accident or breakdown leaves stranded (if you’re further than a mile away from your home) in the UK or elsewhere in Europe.

Personal accident cover

Personal accident cover is to protect you against medical costs if you are injured as a result of a cycling accident.

Is cycle insurance worth getting?

If you’re not sure about cycle insurance, it may help to weigh up the risks and decide whether it’s a cover you want. You could consider whether you’ve accidentally damaged cycles in the past, or whether you’ve been the victim of bicycle theft - leaving you out-of-pocket. Other risks to think about are accidental injury to others while you’re riding your bike. This is something that you can get covered for with our public liability option. Or even rescue cover, if you’re a fan of long rural bike rides. Each of these covers can be bought with One Pro independently of one another - so, for example, if you already have cycle cover, you can simply purchase public liability or rescue cover as standalone covers.

How much does it cost to insure a bike?

With One Pro, the cost of cycle insurance depends on the type of cover you want for yourself and your bike. Features such as public liability and rescue cover are offered at a fixed cost, but the cost of bike and accessories cover, for example (if you select it), will vary according to the total value you need to insure. What we can promise, is that your postcode won’t impact the cost of your policy. Head to our cycle insurance quote and buy to quickly figure out how much your policy will cost you - and buy it there and then, if you like!

This is a marketing article from ONE PRO.

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Build Your Cover

Bike & Accessories

Public Liability

Legal Expenses

Personal Accident

Rescue Cover

With our Bike + Accessories product, you have the option to tailor your cover to suit your needs, whether you are insuring one bike or five, with up to £25,000 cover. Alongside that we also offer packages to protect you as a rider.