Just insured both our Cube ebikes for £17.45 with an excess of £200.This is with Barclays.No need to have an account with them.
E Bike insurance
- Thread starter Thelovewalrus
- Start date
What is the value of the bikes? I can't get anything less than £300 for mine.
Just took out Platinum House insurance with Privilege Insurance. Included "Coverage away from home" for my eBike valued at £1000 less £100 voluntary excess. Total cost of house insurance £161 including Building and Contents, Emergency call out, Public Liability, Personal Liability. Put the eBike value up by another £1 and the premium or up to £184 though.
One should always try and get their bikes onto their contents insurance, instead of those expensive stand alone policies , a lot of companies will do that but that depends on the value of the bike , i was due to renew my home insurance having been with this company for years , no way would they insure my £6500 Riese & Muller , so shopped about and went for a policy with M&S paying an extra £56 for the bike which covers me on EU tour also
It seems to me that insurance premiums for expensive electric bikes through specialist companies are exorbitant. House insurance limits for bikes is often only £1000. It costs as much for me to insure my bike as it does my car, despite living in a low crime area and, being retired, not using it for commuting or shopping. It’s never out of my sight when I’m away from home. Thanks for these suggestions as well as other previous insurance related threads. I’ll have a good look around when my insurance comes up for renewal.
As i mentioned . i approached M&S insurance who covered me on my contents insurance for my Riese & Muller for £6500 , they cover e-bikes
- Cover for pedal cycles at home, with optional cover to help protect your bikes when you’re out and about
It's Post Office house insurance for us - which is Ageas underneath.
You have to specify the make, model & value. Maximum is £2,500 per e-bike, with a min excess of £100 (I opted for £200 excess to keep cost a bit lower). Bikes under £1,000 are covered without need for details. I can't specifically say how much they affected the price, other than it was 'normal'. i.e. no noticeable increase.
We were with Halifax last year - and it was something silly like £3.50 to add each e-bike, so it's not difficult to find something.
You have to specify the make, model & value. Maximum is £2,500 per e-bike, with a min excess of £100 (I opted for £200 excess to keep cost a bit lower). Bikes under £1,000 are covered without need for details. I can't specifically say how much they affected the price, other than it was 'normal'. i.e. no noticeable increase.
We were with Halifax last year - and it was something silly like £3.50 to add each e-bike, so it's not difficult to find something.
We have household insurance with Esure and the premium for £4,000 of e-bikes (2) was £14.28. Excess is £200. Compare the market had 'new' Esure policy £120 cheaper than the renewal quote I had from them - when I rang they cancelled the renewal and gave me the 'new' policy price. I thought that was pretty good!
I think that sux.. They were quite willing to rip you off for £120, and you LIKE them? LV hiked my premium too much, so I went with Nationwide.... House, contents personal effects, £5k of bikes, cost me £188 iirc..
People only play the 'lousy deal for loyal customers' game with me once.
People only play the 'lousy deal for loyal customers' game with me once.
The subject of bike insurance often crops up on here unsurprisingly being a cycle forum. When taking out insurance you have to consider several things, for example if you put your bike onto your house insurance does that give you cover outside your home, some do and some don't so it's worth checking.
Then there's personal cover if you take a tumble and the most important thing of all liability, if you flatten someone and they go after you for half a million you want to make sure you're covered to handle it.
Lastly there's theft of accessories and components from you machine like panniers or some nice soul trying to rip off your LCD display, you can get cover for allsorts.
I would check places like Cycleguard, British Cycling or the one I use Bikemo they have a E-Bike insurance section on their web page.
Then there's personal cover if you take a tumble and the most important thing of all liability, if you flatten someone and they go after you for half a million you want to make sure you're covered to handle it.
Lastly there's theft of accessories and components from you machine like panniers or some nice soul trying to rip off your LCD display, you can get cover for allsorts.
I would check places like Cycleguard, British Cycling or the one I use Bikemo they have a E-Bike insurance section on their web page.
Always review your insurance every year, regardless! It nearly always rises by more than inflation. By using comparison sites can you keep it roughly in line with inflation, risk, etc. Oh, and don't rely on a single comparison site - use at least two. They're known for also warping the offerings.
I can recommend Cycling UK (aka CTC -Cycle Touring Club - in the old days) for the personal cover and 3rd party angle.
I've claimed successfully with their help. You get a decent magazine every other month, and it's a charity too.
I use CTC for liability cover, home insurance (like most) doesn't cover that aspect, just theft while in home, or out and about if locked to immovable object. Sold secure not mentioned.
Getting bike +liability from a specialist bike insurer is the alternative, but you wont get the ctc magazine that way, so you'll have to checkout lycra fashions elsewhere.
As for 'the devil you know' insurers mutate faster than viruses. LV use to be mutual, reliable, and cheap. At least one, and I believe two, of those no longer apply.
Getting bike +liability from a specialist bike insurer is the alternative, but you wont get the ctc magazine that way, so you'll have to checkout lycra fashions elsewhere.
As for 'the devil you know' insurers mutate faster than viruses. LV use to be mutual, reliable, and cheap. At least one, and I believe two, of those no longer apply.
Many thanks to the replies received about ebike insurance. Following the helpful suggestions from fellow Pedelecers, I’ve changed my house insurance provider to M&S who have insured my Riese and Müller bike for an additional premium of £16. Much better than the over £200 demanded by a specialist cycle insurance provider.
You may want to check if this includes third party cover (eg if you run into a pedestrian) as well as theft etc. If not, membership of Cycling UK will provide it
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