Bike insurance now rivals car cover

April 30, 2009

The latest insurance products for cyclists offer as many benefits as the fully-comprehensive policies offered to car drivers.

Motorists with a fully-comp level of cover are reimbursed for accidental damage to their vehicle and are supplied with a hire car while theirs is off the road, which are both features now commonly included in most cycle insurance policies.

Compare the cycle insurance market

A highly-competitive market has now prompted one cycle insurance provider to include third party and personal injury cover as standard.

Cycle insurance from the Environmental Transport Association (ETA) is widely regarded as the most comprehensive on the market and includes a specialist recovery service for cyclists who have broken down.

A spokesperson for the Environmental Transport Association (ETA) said: “Just as with any other type of insurance, it is vital that people shop around – many cyclists are paying over the odds for the extras that we include for free.”

Cycle insurance from the ETA includes the followingDoes your policy match up?
New-for-old replacement – free race coverNo matter the age or condition of your bicycle
Cover for accidental damage – free race coverMuch like fully-comp car insurance cover
Free Cycle Rescue breakdown cover for bike and rider worth £34If you are unable to continue your journey due to an accident, vandalism or mechanical failure, a van comes to get you
Third-party cover up to £1millionYou don’t need to join a cycling club to get third party insurance – it’s included with this cycle insurance as standard
Personal accident coverPays out up to £20,000 in the case of death or serious injury
Cycle hireIn the event of a claim, keeps you on the road
60 days’ European coverCovers your bike on holiday
‘Get you home’ coverReimbursement for a taxi home should your bike be stolen or damaged
No-claims discountUp to 40 per cent
40 per cent discount for folding bikesThis type of bike is less likely to be stolen, so you shouldn’t be paying the same rates as non-folding cycles



 

Information correct at time of publication.

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