Bike insurance | Home Insurance Saga

Whether you’re happy to hit the slopes on your mountain bike or do your bit for the environment by cycling rather than driving, you’ll want to make sure your bike is insured against theft and accidental damage. But what is the best bike insurance for your needs?

What is bicycle insurance?

If your bike is stolen or damaged, bike insurance will cover the cost of replacement or repair. Depending on the type of bike cover you have, it can protect you when riding your bike, leaving your bike locked up away from home, or participating in cycling events.

Bike insurance sometimes also offers financial protection if you injure yourself while riding or cause an accident involving other people.

How does bike insurance work?

If you can’t bear the thought of being without your wheels but don’t want to face the cost of replacing a bike out of your own pocket, bike insurance can help minimize disruption and reduce expenses. .

Most home insurance policies have the option of including some sort of cover that will protect against damaged or stolen bikes, but if you ride a more expensive bike or have more specialized needs such as racing during events, you may wish to consider additional insurance. .

Specialized bicycle insurers can offer bicycle cover for different situations:

  • mtb insurance
  • push bike insurance
  • electric bike insurance
  • road bike insurance

So whether you cycle occasionally for leisure, or regularly go shopping or cycle abroad, it’s important to know exactly which aspects of bicycle insurance are right for you. This will help you decide whether a general or more specialized policy suits your needs and what level of cover you should get.

What does bicycle household insurance cover?

Saga Plus Contents insurance covers as standard unspecified personal effects away from your home, which includes loss or damage to your bikes and their accessories up to £1000 each.

This coverage can be added to optional Saga Select policies.

With our household insurance bike cover, you can also choose to add specific bikes to be covered outside your home. This will allow you to add bikes above the usual £1000 limit and covers the specified bike and accessories anywhere in the UK, Channel Islands, Isle of Man or Europe during 60 consecutive days maximum.

Does home insurance cover bicycle accidents?

If you are the victim of an accident while you are on your bike and it is your fault, it is sometimes possible that the injured or injured person will bring a civil liability action against you.

With Saga Plus and Saga Select contents insurance, personal liability is included as standard up to £2 million. If you are involved in an accident and people are injured or damaged.

Does renter’s insurance cover bike theft?

Saga’s home contents for renters can include bike insurance that covers theft and accidental damage. This can be optional or standard depending on whether you choose our Select or Plus level of cover.

Learn more about tenant insurance

What is the difference between bicycle insurance and household insurance?

In-house bicycle inventory insurance is included in most home inventory insurance policies and covers up to a certain limit theft or damage to your bicycle on your property. You can also insure your bike separately with a separate policy.

Contents Insurance Bike Cover

Bicycles are often included in a home contents policy, but there will be a limit to the amount of coverage this includes.

Home Content policies cover theft and accidental damage, with a few additional options:

  • cover away from home
  • accessories
  • Travel in Europe

Bike insurance

Specialized Bike Coverage adds other services to the basic damage and theft coverage that will apply to specific cycling activities.

These options may include:

  • personal accidents and collisions
  • replacement bike rental
  • competition and race fees
  • Travels in Europe and around the world
  • commuting or commercial use

Cover varies from policy to policy, so you should always check the details, to ensure your bike is insured for the way you use it and that you are not buying additional cover when your home insurance already has a bicycle cover.

Get an inventory insurance quote with bike coverage

Is bicycle insurance necessary?

Although cyclists often ride on public roads, there is no legal requirement in the UK to have insurance for cycling. But if you’re concerned about bike theft, insurance will help you feel more confident leaving your bike securely tied up when you’re on the go. And the cost of bike insurance will be far less than the cost of replacing your bike with a new one.

Much will depend on the type of bike you own and how you use it. The best bike insurance for you will depend on the price of your bike, how often you use it, and what you use it for. If you have an expensive bike that you use regularly, bike insurance may be more important to you than if you occasionally use a less expensive bike.

Once you have decided that you need bicycle insurance, you will need to consider whether you already have sufficient bicycle coverage with household contents insurance or whether you need to purchase bicycle insurance separately.

What does bike insurance not cover?

Our bicycle insurance does not cover:

  • The deductible you agree to pay
  • Loss or damage caused by wear and tear or any scratches or dents
  • Tire cuts or tire punctures
  • Any damage caused while cleaning, restoring or repairing your bike
  • Bicycles kept by students in university residence or other student accommodation
  • Bikes used for racing, pace or testing
  • Theft or attempted theft if you have not properly locked your bike on your own
  • Any claims outside the UK or Europe unless accepted by us before you leave
  • Any claim for bikes in Europe for more than 60 days unless we accept it before you leave and you pay any additional premium necessary
  • Motorized bikes designed to travel over 15.5 mph unassisted

You should always check your policy book to make sure you have the exact coverage you need.

Get a bike insurance quote with Saga Home Plus and Select policies

How to protect your bike

Bike theft is a common problem in the UK, with a bike stolen every six minutes. In 2020/21, 77,300 bikes were stolen in England and Wales, causing a major headache for everyone involved.

To reduce the risk of becoming just another bike theft statistic, you can follow these steps:

  1. Invest in a good quality bike lock and if you have to leave your bike behind, make sure it’s secured to something that can’t be stolen with it.
  2. When you’re on the go, lock your bike in well-lit public spaces, somewhere with CCTV if you can.
  3. Keep your bike in a safe place – your locked garage is an ideal home for it.
  4. Add your bike to BikeSavea national cycling database that tracks your bike in case of theft.

By taking these precautions, your bike will be less likely to be stolen, while having the right bike insurance in place means it should cost you less to repair or replace your bike if you need to.

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