BICYCLE INSURANCE

What is bicycle insurance?

If your bike is stolen or damaged, bicycle insurance will cover the cost of replacing or repairing it. Depending on what type of bike cover you have, it can protect you when you ride your bike, when you leave your bike locked up away from home, or if you race at cycling events.

Bicycle insurance sometimes also provides financial protection if you’re injured while riding, or if you cause an accident involving other people.

What does home contents bicycle insurance cover?

Saga Plus Contents Insurance covers unspecified personal belongings away from home as standard, which includes loss or damage to your bicycles and their accessories up to £1,000 each.

This cover can be added to Saga Select policies as an optional extra.

With our home contents insurance bicycle cover you can also choose to add specified bicycles to be covered outside of your home. This will allow you to add bicycles above the usual £1,000 limit.

Whichever way you choose to cover your bicycle with Saga, we'll cover your bike and accessories anywhere in the UK, Channel Islands, Isle of Man, or in Europe for up to 60 consecutive days.

Does renters insurance cover bicycle theft?

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

Find out more about renters insurance

Is bicycle insurance necessary?

Even though cyclists often ride on public roads, there’s no legal requirement in the UK to have insurance to ride your bicycle. But if you’re concerned about bicycle theft, insurance will help you feel more confident about leaving your bike securely fastened when you’re out and about. And the cost of bicycle insurance will be much lower than the cost of replacing your bicycle with a new one.

A lot will depend on the type of bike you have and the way you use it. The best bicycle insurance for you will depend on how much your bike costs, how often you use it and what you use it for. If you have an expensive bike that you use regularly then bicycle insurance might be more important to you than if you’re an occasional rider of a cheaper bike.

Once you’ve decided you do need bicycle insurance, you’ll need to investigate whether you already have enough bike cover with home contents insurance, or should get bicycle insurance separately.