Do you need insurance for a bicycle?

In short, it's not a legal requirement, but it may be a good idea. It's well worth considering investing in insurance for bicycles if you want to cover your bike against theft and accidental damage, or if you travel and race lots and want to be covered for every eventuality.

What is the bicycle insurance?

Just like car insurance, bike insurance is a stand-alone insurance policy that covers not just your bike against damages, but theft and liability, too.

How do I protect my bike from theft?

Park your bike in a well-lit area, where it can be easily seen by passers-by. Lock both wheels and the frame of your bike to a cycle stand or other immoveable object. Use designated parking areas where possible. Make sure the locks go through the bike frame as well as both wheels and the post you are securing it to.

What do bike thieves do with stolen bikes?

They have the tools that can cut through u-locks and aim to resell stolen bikes at a price near their “fair market value.” These thieves acquire the bicycles from the streets, but then resell them on online markets to maximize the selling price.

Is it common for bikes to be stolen?

A bicycle is stolen every 30 seconds in the United States. That's roughly two million bikes a year, totaling about $350 million . To give you some perspective, less than one million motor vehicles are stolen each year in America. Bicycle thefts might be even higher than what's reported.

Why do you need bicycle insurance?

In short, it's not a legal requirement, but it may be a good idea. It's well worth considering investing in insurance for bicycles if you want to cover your bike against theft and accidental damage, or if you travel and race lots and want to be covered for every eventuality.

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