Find the right
insurance for you
Whether you cycle for pleasure, to commute to work, to stay fit or to compete in events, you should consider taking out a specialist bicycle insurance policy.
Top Rated Providers
Our comparison table is ordered by review score. The review score is the average weighted score based on product quality and user reviews from the last 12 months. Find out more about how our review score is calculated.
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1st
Review Score9.8/10Based on 2,405 reviews
Personal Accident Cover***£50kRead morePublic Liability Cover****£2m -
2nd
Review Score9.4/10
Based on 15,602 reviews
Personal Accident Cover***£25kRead morePublic Liability Cover****N/A -
3rd
Review Score9.4/10
Based on 1,339 reviews
Personal Accident Cover***£50kRead morePublic Liability Cover****£1m -
4th
Review Score9.2/10
Based on 2,757 reviews
Personal Accident Cover***£20kRead morePublic Liability Cover****£2m -
5th
Review Score9.2/10
Based on 3,318 reviews
Personal Accident Cover***£50kRead morePublic Liability Cover****£5m -
6th
Review Score9.0/10
Based on 327 reviews
Personal Accident Cover***£10kRead morePublic Liability Cover****£2m -
7th
Review Score8.9/10
Based on 1,989 reviews
Personal Accident Cover***£25kRead morePublic Liability Cover****£2m -
8th
Review Score8.8/10
Based on 605 reviews
Personal Accident Cover***£25kRead morePublic Liability Cover****£5m -
9th
Review Score8.6/10
Based on 9,327 reviews
Personal Accident Cover***£25kRead morePublic Liability Cover****£5m -
10th
Review Score8.5/10
Based on 10,734 reviews
Personal Accident Cover***£45kRead morePublic Liability Cover****£4.5m -
11th
Review Score8.2/10
Based on 1,429 reviews
Personal Accident Cover***£25kRead morePublic Liability Cover****N/A -
12th
Review Score8.1/10
Based on 179 reviews
Personal Accident Cover***£10kRead morePublic Liability Cover****£2m
All folding bicycle insurance quotes are provided via Quotezone, who are FCA regulated.
Please note that some of the providers included within our table are not currently offering new policies.
In this Guide
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What are Folding Bicycles?
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Why get Folding Bike Insurance?
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Is Folding Bike Insurance a Legal Requirement?
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Are Folding Bikes expensive?
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What’s covered under standard Folding Bike Insurance?
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What’s not covered under standard Folding Bike Insurance?
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Pros and Cons of Folding Bicycle Insurance
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Can I save money on my Folding Bicycle insurance?
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Why compare Folding Bicycle Insurance?
What are Folding Bicycles?
Foldable cycles are becoming more and more popular in the biking to work world, which is evidently an emerging field of its own. Folding bikes can fold up to be the size of a bag so that you can take them on the train into the city then once you arrive you can easily assemble your foldable cycle and complete the last part of your commute on 2 wheels compared to 2 feet. Folding bicycles is definitely a new avenue that people are exploring.
Are Folding Bikes expensive?
Folding bikes can start from around £500 for something of alright quality and can go into the thousands as you increase the quality. However, if you purchase your folding bicycle under the UK Government ‘Cycle to Work Scheme 1999’ you can get up to a 30% discount off your bike and your company will pay for your foldable cycle and you can pay it off in a ‘hire purchase’ fashion payment plan, making folding bicycles in the UK a lot cheaper just by using it to get to work instead of public transport. So if you want a foldable cycle to ride to work but can’t quite afford the full price, the ‘Cycle to work Scheme’ is a great way to save yourself some money.
Why get Folding Bike Insurance?
Folding bikes are cool but they are mainly used for commuters and that means riding at busy times and, on the majority of occasions, in big cities like London and Manchester where people come in on the train and go across the city on your foldable cycle. Also with folding bicycles, where they are a little more complicated than others because of the mechanics to let them fold, repairs need to be done directly with the manufacturer, which can cost more than other bikes.
Another reason you should get folding bike insurance is to cover the risk of theft, which is, unfortunately, becoming more and more common in the UK. According to UK Crime data, there were over 80,000 reported incidents of bike theft in the UK in 2020, and with road bikes not being cheap with the prices of folding bicycles ranging anywhere from £500 to the thousands, having insurance against damages or theft can work out saving you more money than you spend.
Is Folding Bike Insurance a Legal Requirement?
No. Unlike car insurance, folding bicycle insurance is not a legal requirement in the UK. However, even though you don’t have to get road bicycle insurance, it is highly recommended to protect yourself from theft or any damages that come from foldable cycles.
What’s covered under standard Folding Bike Insurance?
When looking for the best foldable cycle insurance, here is what is generally covered:
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Theft: If your folding bike is stolen, you are covered.
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Accidental Damage: If you damage your bicycle by accident.
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Malicious Damage: If your folding bike is vandalised or someone decides to damage it on purpose, most folding bike insurance policies will cover the repairs.
What’s not covered under standard Folding Bike Insurance?
The following are not covered as standard across most folding bike insurance policies but can be added as extras:
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Accessories: If the accessories on your folding bicycle (GPS, lights etc.) get stolen or even vandalised, you can pay an additional fee to have them covered.
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Cycling Abroad: You can pay an additional fee to have your folding bike covered to ride outside of the UK.
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Third Party Liability: This can be added to cover any damages your folding bike could make to a car or injuries it may cause in the event of crashes.
Pros and Cons of Folding Bicycle Insurance
Pros:
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When there are damages you can very rarely get new bits you have to return the folding bike to the manufacturer for repairs, which isn’t cheap.
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Folding bike components wear faster than normal bikes so insurance can help manage the cost of maintenance.
Cons:
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May not cover the full price of the accident, especially if a new bike entirely is required.
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Can be paying out for something you may never see the benefit of.
Can I save money on my Folding Bicycle insurance?
Yes, it is possible to save money on your folding bicycle insurance in these two ways:
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Bike value – Make sure that you insure your folding bike for its current value, not the purchase price when you are asked to input the value of your road bike.
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Optional add-ons – Make sure you only pay for additional extras if you know you’re going to need it.
Why compare Folding Bicycle Insurance?
When looking for folding bike insurance it is so important that you pick the best folding bike insurance for you and that means comparing between providers and not just going with the cheapest option because sometimes, the cheapest option is not the best one.
At Compare by Review, we have compiled a list of the best providers of folding bicycle insurance not ranked on their price, but on the reviews of the customers of the providers.
Visit our main bicycle insurance page to compare normal bicycle insurance.