Cheap Bike Insurance

Slight thread hijack, but how do I insure a 25 year-old bike worth £1,000 to replace ? Insurers I spoke with link payout to the invoice value depreciated an amount per year - which would pay £100 or so. I no longer have the original invoice either.

Use a broker.

I'm with Bikmo and I pay less than a tenner a month. Luckly I've never had to put in a claim, but they are very easy to deal with, quick to respond and well reviewed by people who've had claims through them.

I'll second PP with Pedalcover.  They covered my house and bikes for the same price as just the house insurance was previously.  Up to 10k cover per bike and, as PP says, no highly restrictive security regime in place.  Nice bunch to deal with too.

Can't you use an insurance comparison tool ?
My bikes are part of my house cover and the meerkats sort it out each year.

Only 10% eh? Prices must have come down since I last looked.

If I'd put the premium in a savings account every year that i'd had bikes I'd probably have enough saved by now to replace any bike that was stolen.

And then there is always the risk of the wriggling out of you try to claim.

Try TSB Pick and Protect - you might be surprised!

As the fuel rates are rising, so it has become tough to get cheap insurance especially if you want to add premium features like family coverage, repair facilities etc. However, this site maybe can help you if you want to compare bike insurance quotes from different insurance companies. 

Try a quote from Barclays....you can select the modules you need...i.e bike cover only...cover the most expensive bike, and all others at the address are included.....take a look...

TSB

After years of avoiding specialist insurance for my bikes because it was so expensive, just last month I took out buildings, contents and cycling insurance with Pedal Cover. The reason why? In our family we have £24k worth of bikes. Pedal Cover covers these for theft, accident damage (including kit, clothing, helmet, gps, lights and any other accessories and anything associated), and damage in transit whilst travelling with my bike including abroad on flights. 

On on top of this they cover all my house buildings and contents to a greater sum than before with less individual items needing to be listed.

The bikes only need to be in a locked house/ garage and when out cycling a simple wire cable lock will do outside a cafe...even for a £10k Colnago, so I do not have to carry around some 2kg Gold Secure lock.

Having made two claims on house contents insurance in the last 5 years (one for a burst pipe in a bathroom requiring a kitchen ceiling repair and another for my wife’s engagement ring diamond falling out) the policy was loaded.

All in, £550 for the year. We were paying £250+ for buildings and contents alone. An absolute bargain for the level of cover offered. Fantastic customer support (they are cyclists/ triathletes who work in insurance) and they really understand the market and what a cyclist wants/ needs in terms 9f insurance. Give them a ring and get a quote. I was genuinely blown away as previously I had been quoted £400 pa for standalone theft cover for a £2500 Pinarello...

PP

p.s. I have no affiliation to Pedal Cover, just a very satisfied customer...

Hello

ha e a look at now4cover.com. They were cheapest for me and allow you to tailor the policy to include racing. You can also turn race cover on or off mid policy for off season to save some money. I’ve not had to claim with them but they seem helpful. 

Self-insure I'd say, any specific policy is ludicrously expensive.

You can spend that money on protection as well, home security cameras - secure bike storage etc. 

I'm not a fan of insurance at the best of times - at least with home/contents/car insurance there's a competitive market - with bike insurance there isn't.

Bike theft insurance always looks expensive and the terms are pretty restrictive on actually being able to claim too.
Good luck and tell us what you find.
Maybe look here:
https://membership.lcc.org.uk/theft-insurance