Bike Insurance

by matdicko   February 7, 2013  

I'm currently looking for bike insurance to cover multiple bikes. Can anyone recommend or even advise against any specific companies. Thanks

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Depending on the value of the bikes covering them under your household insurance might work out easiest. Coop and m&s cover bikes up to about £1000. I looked at some specialised insurances companies but their requirements on locks etc are much more onerous.

posted by riddoch [22 posts]
7th February 2013 - 21:54

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As riddoch said suspect it may depend on the value of the bikes, but ours are all under our household insurance which is with M&S. Bikes up to the 1k mark didn't need to be specified (lots of insurers had a £300 limit) and the one we have over that didn't rocket up the premium as it did with some others. M&S are one of Which's recommended insurers.

posted by Skibish [61 posts]
7th February 2013 - 23:06

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I was quoted £321.10 to insure my trike, to the value of £4000, but its worth more and I cannot find anyone to insure it Crying

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posted by Gkam84 [8804 posts]
8th February 2013 - 1:19

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I use the ETA. Haven't made a claim so can't comment on how good they are. But the price is responsible, £40 pa for £500 bike. I believe you do need to state specific locks used. The main reason I went with them is for the liability insurance which is included as is breakdown cover. NB. I don't have house insurance.
Worth a look.

posted by Mart [98 posts]
8th February 2013 - 7:25

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I am with the Co-Op for home and bike insurance but my wife sorted it out seeing as she works for the bank so I have no idea how much it is.

Don't think it was any cheaper for her BTW.

posted by Marauder [239 posts]
8th February 2013 - 9:33

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I'm with co-op and it's about £300 pa for my contents insurance which includes two bikes. I think you can also tack on extra personal possessions insurance which may cover bikes over £1,000.

posted by yhing [9 posts]
8th February 2013 - 12:25

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Velosure boast premiums 'from £39' but the quote they gave me for £2K road bike was £190 - considering it's covered under my home insurance as well (something which they did not bother to ask) I think that's a tad steep, especially when I never leave it unattended on public highways and it's always locked away when not in use (this was not enquired of me when given the quote either)

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posted by andylul [412 posts]
8th February 2013 - 16:02

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Thanks for the comments guys, all very useful. My main concern is when I'm cycling, I never leave my road bike unattended just in case and it's totally impractical to carry a high grade lock as many insurers insist upon. My bike cost £1000 (Trek Madone 2.1) so it's covered on my home contents insurance.

posted by matdicko [8 posts]
8th February 2013 - 17:57

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I went through Moneysupermarket and used Barclays Home Insurance. It covers the house n contents and bikes up to 2.5K and also covers damage and theft of parts. The excess is small and the premium was £260 / year ish. I got an Almax and a Protector chain n all for additional piece of mind

posted by dunnoh [172 posts]
8th February 2013 - 19:30

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+1 for Barclays home insurance, very reasonable and good cover for bikes, no silly requirements for locks or locking things to immovable objects in shed etc

posted by bike_food [93 posts]
8th February 2013 - 21:28

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