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Bicycle Insurance

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Bike Insurance Cost and Coverage

Bicycle policies designed to protect bicycles, not homes.

When it comes to insurance coverage for your bicycle, what you don’t know CAN hurt you.

If you’re like most cyclists, you may assume you and your bike are fully covered under your homeowner or renter’s insurance policy. But if you ever need to file a claim, you may be shocked to discover that your current policy is filled with exclusions and restrictions that limit what you can get in replacement costs for your damaged or stolen bike.


At Markel, we know you and your bike deserve better

Our customized bicycle insurance protection offers a wide range of coverage options.*

Protection for your bike

Bicycle Physical Damage Protection - Helps pay for repairs or replacement of your bike if it is damaged or goes missing. We’ll even protect you while racing. You pick the value limit of your bike, and we’ll help cover you for things like vandalism, crash damage, or if you have a collision with another rider. Our deductibles for this coverage range from $100 to $500 – well less than the typical deductible you’d be faced with under a homeowner’s policy!

Spare Parts and Riding Apparel Coverage - At no added cost, Markel will provide up to $500 for spare parts and $500 for riding apparel per claim – just for purchasing Bicycle Physical Damage protection.

Vehicle Contact Protection - Sharing the road with motor vehicles has its share of dangers. With this added coverage, you can get the protection you need in case you are hit by a vehicle without the proper insurance protection to cover your losses.

Protection for you

Bicycle Liability Protection - All it takes is a wet patch of pavement or a wayward stone in the road for you to lose control of your bike. This coverage helps protect you if you are responsible for injuries or property damage to other people/belongings while using your bicycle. Limits ranging from $25,000 to $100,000 are available.

Medical Payments - We’ll help cover your medical costs if you are injured while riding – up to your policy limit. You can choose limits that meet your personal needs, ranging from $1,000 to $10,000.

Roadside Assistance - With this coverage, you can get nationwide 24-hour Emergency Service with up to 35 miles of transportation per breakdown – all for only $10 a year per bicycle.

Special Protection for Competitive Cyclists

Rental Reimbursement - FREE with Bicycle Physical Damage - Offers coverage for renting a substitute bike if your bicycle is damaged or stolen while you are away from home and participating in an organized ride.

Competitive Event Fee Reimbursement - FREE with Bicycle Physical Damage - Helps cover nonrefundable prepaid race entry fees if your bike is involved in a covered accident and you are unable to compete.

Want to know more? See a Sample Bicycle Insurance Policy, read all of the coverage details and then get your free bicycle insurance quote today!

Still not convinced?

See how Markel’s Bicycle Insurance measures up against an average homeowner’s policy.

Policy Coverage Typical Homeowner Policy Markel Policy
Insured at Full Value* Not Likely Yes
Crash Damage No Yes
Theft Coverage Limited Yes
Theft Away from Home Limited Yes
Vehicle Contact Protection No Yes
Personal Liability Yes Yes
Replacement Bike Rental No Yes
Event Fee Reimbursement No Yes
Cycling Apparel Not Likely Yes
Medical Payments Not Likely Yes
Racing Coverage No Yes
Spare Parts Insured Not Likely Yes
Covered in Transit Not Likely Yes
Worldwide Physical Damage Not Likely Yes
Roadside Assistance Not Likely Yes