How well does Yellow Jersey Cycle Insurance compare with other insurance suppliers, home insurance or even British Cycling membership? We would argue it’s like comparing apples and oranges! As good practice we constantly look at the available solutions for people wanting to cover their bikes. Luckily we have also conducted research into this very topic, we looked at home policies, what British Cycling membership gives you and also compared offerings from other cycle insurance suppliers.
What did our quantitative bicycle insurance comparison research reveal? Well we asked cyclists, how does cycle insurance compare in their opinion to a home policy? 80% of cyclists thought cycle insurance was expensive compared to home insurance. However 72% of cyclists were aware their home insurance didn’t provide complete cover for their bikes. A very high percentage (82%) of cyclists were uneasy about the way they insured their bicycles and in an ideal world would rather pay a little extra to have peace of mind. 38% had no form of insurance at all and 68% have thought about getting cycle insurance.
Of those surveyed 30% had purchased British Cycling membership partly to supplement their home insurance, but mainly because they raced or aspired to. What was surprising is that only 7% of respondents had properly read the policy associated with the British Cycling license and understood the limitations of the cover offered with British Cycling gold membership. Very few respondents realised British Cycling does not cover you for unaffiliated races such as triathlon and even less realised that British Cycling excludes one member claiming against another in a cycling competition, race, time trial or timed event (This ultimately means, if you cause an injury to a fellow British Cycling member in a race you aren’t covered read British Cycling’s website here). Finally over half (56%) of respondents were under the illusion British Cycling membership offered protection for accidental damage to their bike, which isn’t the case.
Have you taken the time to compare cycle insurance cover on home insurance and check it gives you adequate cover? This topic was so big we had to write a totally separate blog CYCLE COVER ON HOME INSURANCE, IS IT UP TO SCRATCH? In this blog we take the opportunity to compare cycle insurance with home insurance and compare the main differences between cycle cover provided on a home insurance and a Yellow Jersey policy.
So what typically is covered when you compare the various options? Conveniently Yellow Jersey Cycle Insurance compare the market frequently to ensure we always provide a market leading policy We have summarised in the chart below how our bicycle insurance compare to the other common options.
Cycle Insurance Compare Chart
|Race Fee Cancellation Insurance|
|Accidental Damage & Theft Cover|
|DNA+ Cycle Security Marking|
|Bike Box Insurance|
|Cycle Transit Insurance|
|Bicycle Theft from Vehicle|
|Public Liability Insurance|
|Cover Whilst Racing|
|Personal Accident Benefit|
|Emergency Cycle Hire|
|Unlimited New for Old Cover|
|Cycle Breakdown Insurance|
|Legal Advice, Claims Management|
|Postcode Free Pricing|
|Claims Price Freeze**|
|Cycle Insurance Compare £2,000 Bike||£171||No Online Quote||£72||£258|
|Cycle Insurance Compare £4,000 Bike||£280||No Online Quote||£72||£434|
|Multi-bicycle Insurance £6000 ***||£354||No Online Quote||£72||£617|
|Excess Bicycle Insurance||£100||As per policy||N/A||£100 or 20%|
|Excess Third Party Claims||£0||£0||£0||£500|
Yellow Jersey bicycle insurance comparison is not rated on postcode, so you will not be penalised for living in London, Manchester, or any other large city. Where other suppliers required a postcode we ran our cycle insurance comparison on the London post code SE1. Our bicycle insurance comparison was conducted on a like for like basis to a Yellow Jersey Cycle Insurance standard policy. Quotes are accurate as at 01/03/2016 – Rates are illustrative you must visit other UK sites to obtain a full compare cycle insurance fully.
*Full Price is charged on most expensive
Yellow Jersey Cycle Insurance offers above all else peace of mind, by creating one of the most comprehensive policies on the market, clearly stating what’s covered and underpinning it with our trusted claims promise. As the table reveals Yellow Jersey cycle insurance compare very well on price too, especially if you are like us and need to insure multiple bikes.