How Much Does Bike Insurance Cost?


Bicycles may seem like an affordable form of transportation, but they come with their own set of risks and expenses. Even if you’ve never made a claim on your bike before, you should still think about getting some form of insurance for it—after all, it’s often the small things that can add up to a hefty sum. But how much does bike insurance cost? To help you get a better idea of the cost and what’s covered in terms of bike insurance policies, this blog post will take a look at the various factors at play and provide you with an estimate. Read on to find out more!

Factors That Determine the Cost of Bike Insurance

There are a few key factors that will affect how much you pay for bike insurance. The first is the type of bike you have. A sportbike will cost more to insure than a cruiser, for example. Your driving record is also a factor. If you have accidents or traffic violations on your record, you can expect to pay more for insurance. The amount of coverage you purchase also makes a difference. A policy with comprehensive and collision coverage will be more expensive than one with just liability coverage. Lastly, where you live also plays a role in the cost of your insurance. If you live in an area with a high rate of bike thefts or accidents, your rates will be higher than someone who lives in a rural area with low crime rates.

The Average Cost of Bike Insurance

The average cost of bike insurance can vary greatly depending on a number of factors, including the type of bike you have, the amount of coverage you need, and the location where you live. However, there are some general estimates that can give you an idea of how much your bike insurance might cost.

For instance, according to Cycle Insurance, the average cost of comprehensive bike insurance in the UK is £297 per year. This figure is based on insuring a bike worth up to £5,000 with a £250 excess.

Similarly, MoneySuperMarket reports that the average cost of motorcycle insurance in the UK is £308 per year. This figure is based on insuring a bike worth up to £5,000 with a £500 excess.

Of course, these are just averages and your actual costs may be higher or lower depending on your specific circumstances. However, these figures should give you a good starting point when shopping for bike insurance.

How to Get Cheap Bike Insurance

If you’re looking for cheap bike insurance, there are a few things you can do to get the best rates. First, comparison shop. Get quotes from several different insurance companies to see who has the best rates.

Second, consider raising your deductible. This is the amount you’ll have to pay out of pocket before your insurance policy kicks in. By raising your deductible, you can lower your premium. Just make sure you have enough saved up in case you do have an accident.

Third, take advantage of discounts. Many insurers offer discounts for things like taking a motorcycle safety course or belonging to a motorcycle club. Ask about any discounts that may be available to you.

Finally, don’t forget about extras like roadside assistance or rental car reimbursement. These can add up quickly if you’re not careful, so be sure to read the fine print before choosing a policy.

Tips for Saving Money on Bike Insurance

Bike insurance can be a costly expense, but there are ways to save money on your premium. Here are a few tips:

-Shop around and compare rates from different insurers.
-Consider raising your deductible to lower your premium.
-Ask about discounts for things like installing anti-theft devices or completing a rider training course.
-Bundle your bike insurance with other policies, such as your auto insurance, to get a multi-policy discount.


Bike insurance is an absolute must for any biker, as it helps to protect your bike and yourself from potential damage or loss. However, when looking for the right policy, it’s important to understand how much does a bike insurance cost so that you can get the right coverage at the best price possible. When deciding on a plan, make sure you consider all of your options and don’t just settle on the first one that comes up; take some time to read up on different companies and their policies before making a final decision.