Insuring mountain bikes is not an option anymore, in terms of the fact you really should do it. Think of it this way, it your lovely new bike was stolen, could you afford to replace it? No, me neither.
Most mountain bikes cost over £500, with top bikes priced at several thousand pounds and most of us just don’t have that much money to spare at present.
Bike insurance costs a small fraction of the cost to replace it. Think of it as part of your bike maintenance. In fact, it probably costs little more than a bottle of muc-off each week.
Most bike insurance policies cover against loss from theft, damages, or accident. If vandals, burglars, or stupid drivers crash into you, there are few options you have besides getting a new bike, which you probably can’t really afford. Additionally, there may be medical expenses.
Mountain bikes have a higher chance of being stolen because they’re so light, portable, and easily unnoticed. There are even options for bike roadside recovery options like repair, maintenance, and help in case you’re stranded but I’d like to see them recover me from the top of Snowden, lol.
There are also options for families to get covered too because they might use your bike in case of an emergency or because it is the only form of transportation in the house. There is also public liability and personal accident coverage so that you are covered in case someone claims damages against you for injuring them or you get hurt in an accident yourself. Damages are often incurred when a bike accident occurs so everyone should get this optional coverage extension.
Some bike insurance companies allow you to create your own coverage system like a bicycle cover, electric bike cover, urban and leisure use, competition and racing, public liability, personal accident, bicycle roadside recovery, family use, UK only, European extension, worldwide extension, and more. These policies can be quoted, set up, and purchased online without having to work offline to get the insurance set up like you have to at most places that sell insurance. You don’t have to go through a weird insurance agent to get the insurance you want because you can bypass human interaction altogether with bike insurance.
Bike insurance is sold at considerably lower premiums than is offered for other types of vehicle insurance because the likelihood of incurring serious damages while on a bicycle is far less than on a motorcycle car. There is no reason why you shouldn’t insure your bike because most often things will happen to your bike, especially theft.