Cycle Plan bicycle insurance review

Need bicycle insurance? Our review helps you decide whether Cycle Plan has the best policy for your needs.

Cycle Plan offers specialist bicycle insurance with lots of optional extra cover features, so you can tailor your policy to your needs.

We’ve reviewed the cover level and details of Cycle Plan’s policies so you know exactly what you’re getting.

Here are the details you need to help you decide whether Cycle Plan has the policy for you.

Cycle Plan

Cycle Plan Insurance

  • Theft and accidental damage up to £30,000
  • No extra charge if you live in a city
  • Lowest price guarantee
  • No premium penalty following a claim
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Who is Cycle Plan?

Cycle Plan recognised the limitations of home insurance policies when it came to insuring bikes, and decided to step in to provide specialist bike insurance. It’s a UK-based company that’s been part of Ripe Insurance since 2013.

What are my cover options with Cycle Plan?

Cycle Plan offers specialist bicycle insurance policies, covering a wide range of bike models from mountain bikes to racing bikes.

Cycle Plan lets you choose either equipment cover or public liability cover as stand-alone policies, or you can combine them under one policy. Then you can add several optional extras.

Your bike and accessories are protected against theft, loss and accidental damage. You can add multiple bikes onto one policy up to the value of £30,000.

You can choose this as a stand-alone cover option.

Cycle Plan’s public liability cover protects your for legal expenses if you accidentally injure another person or damage someone’s property and they take you to court.

You can choose this as a stand-alone cover option.

You’re covered if you have an accident while cycling and need medical help abroad.

  • Accessories. This covers your cycling accessories for theft, loss and damage.
  • Legal expenses cover. If you’re involved in a road accident, legal expenses insurance can cover the cost of a civil claim.
  • Replacement bicycle hire. This covers the cost of hiring a replacement bike should you need to during a claim. A good add-on if you use you bike for commuting.
  • Personal accident. Cover if you’re involved in an accident which results in your permanent disablement or death.
  • Loss of earnings. Protects you if you become injured whilst cycling and are unable to work.
  • Competitive use. Cover whilst competing in an organised race.
  • European cover – multi trip. Going on a cycling holiday in Europe? You can use this add-on to cover you there.
  • Worldwide cover – multi-trip. Cover your bike anywhere in the world with this optional extra.
  • Excess waiver. Waive your excess in the event you need to claim.

What is covered under my policy?

Under your policy, you are covered for the following:

  • Theft of your bicycle from your home or away from home
  • Theft of your bicycle from a vehicle
  • Accidental damage to your bicycle
  • Malicious damage to your bicycle
  • ‘New for Old’ replacement cover
  • Accidental death, disease, mental or physical injury to another person
  • Damage to another person’s property
  • Any injury sustained by you during an accident, including broken bones
  • Accidental death
  • Temporary or permanent disablement
  • Physiotherapy
  • Hospitalisation
  • Emergency dental expenses

How much is my excess?

Your excess is the amount of money that you’ll have to contribute if you make a claim. The cost of your excess will depend on a number of factors including the circumstances behind your claim i.e. you’re bike is stolen, damaged, or you’re claiming for damaging someone else’s property. The value of your bike will also be taken into consideration when it comes to your excess payment.

It’s worth noting that Cycle Plan offers an optional extra which allows you to waive your excess in the event of a claim.

For full details about your excess and how much you can expect to pay, read your Policy Schedule.

What is the claims process for Cycle Plan?

If you need to make a claim, there are several ways to contact Cycle Plan.

You can call 0800 112 4083.

You can email newclaim.cycleplan@davies-group.com

Or you can write to:
Cycleplan Claims Department
Davies Group
PO BOX 2801,
Hanley
Stoke on Trent
ST4 5DN

There’s more about how to make a claim in your Policy Schedule.

Cycle Plan’s pros and cons

Pros

  • No added interest if you chose to pay monthly
  • A range of add-ons including the option to waive excess payments in the event of a claim
  • Introductory 10% off your policy price

Cons

  • Cycle Plan doesn’t cover professional cyclists
  • If you opt to pay monthly you will be required to pay a 20% deposit and then the remainder will be split over 9 equal monthly instalments

Please take reasonable care to answer all the questions honestly and to the best of your knowledge. If you don't answer the questions correctly, your policy may be cancelled, or your claim rejected or not fully paid. The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations), aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you.
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