Up to 98% of cyclists without adequate insurance

20th August 2009

Up to 98% of cyclists without adequate insurance

Five million regular cyclists may be putting themselves and others at risk because they do not have basic third party cover, according to research by cycle insurance provider ilovemybike.co.uk

Director at ilovemybike.co.uk, Andrew Davis said: “It’s risky for a cyclist to assume that their household insurance policy will cover road traffic collisions, as many do not.”

“Third party insurance is compulsory for motorists, but we know of only two per cent of regular cyclists who have insurance that would pay out if they caused damage to a person or property.”

Ends

For further information, please call Yannick Read at the ETA press office on 0845 389 1064

Notes to editors

• ¹ Specialist third party insurance for cyclists is a benefit of membership offered by CTC, LCC, BTA and BC. These are the only major specialist policy providers in the UK and it is estimated that approximately 100,000 cyclists are covered. According to the 2002 Household Survey, 5million adults cycle each week.

• ilovemybike.co.uk offers bicycle insurance that includes third party cover, personal accident and breakdown recovery for rider and bike as standard www.ilovemybike.co.uk