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Bicycle Insurance: compare cheap bicycle insurance quotes online
Cycling is an increasingly popular mode of transport in the UK, with 42% of people now owning or having immediate access to a bicycle.
Bicycle Insurance
There are several reasons for the UK’s fast-growing ‘cycling revolution’, as it has often been dubbed. Push bikes are environmentally friendly, they’re highly convenient and hardwearing, and cycling is also a great form of exercise.
The Department for Transport has also committed itself to promoting cycling as a mode of transport via its Cycling and Walking Investment Strategy, which is encouraging a growing number of travellers to add cycling ‘stages’ to their journeys (cycling to the train station before boarding the train to work, for instance).
Beyond all that, though, it probably goes without saying that one of the appeals of cycling is that a bicycle is very cheap to run.
The bikes themselves, on the other hand, are sometimes prohibitively expensive, with many costing £1,000 or more while the most high-end bikes can cost upwards of £10,000 (a Specialized S-Works, for instance, which sells for just under £11,000).
Given their portability, their growing ubiquity in the UK and their potential value on the black market, it should come as no surprise that bicycles are often targeted by thieves. In fact, more than 300,000 bicycles are stolen in the UK each year, according to data from an annual crime survey carried out by the Office for National Statistics.
That’s just one of the many reasons it might be a good idea to take out a relatively cheap bicycle insurance policy if your bike is even remotely valuable.