Best Insurance for Cyclists of 2023

Bicycle insurance is a private insurance policy that not only protects your bike/cycle from damage, but also from theft and liability. Although homeowners and renters policies provide financial protection through liability insurance, if someone else's property is hurt or damaged while riding your bike. However, they do not insure your bike if it hits a tree or a pedestrian or falls off your bike. They only provide insurance for your bike if you add it directly to your home owner's insurance policy. In the USA, Geico, USAA, and State Farm are some of the best insurance companies that provide the maximum amount of bicycle insurance policies that you will ever need. Let's take a look at their insurance offerings.

Geico Bicycle Insurance

GEICO Motorcycle Insurance offers amazing coverage for motorcycle accessories. They not only guarantee the bike, but also the unique customezations that make it your own. Sport bikes, cruisers, touring bikes, Enduros, scooters, dirt bikes, tricycles, and even custom motorbikes are all covered by a Geico bicycle insurance policy in the United States. They help cover you if you get into an accident. The necessary coverage limits vary from state to state. You can contact your local Department of Motor Vehicles for information about your state. However, GEICO's bike insurance offering helps you adjust coverage to suit your needs.

How does Geico bicycle insurance work?

Your auto insurance policy includes Geico bicycle insurance.. Whether you're a hardcore racer or a weekend warrior, they offer comprehensive coverage at an affordable price. With GEICO, you can stand out from the crowd by tailoring your bike coverage to your specific needs. Choose the type of coverage you need for your bike, the discounts you prefer, and the payment plan that works for you. Since 1978, Geico has provided coverage for motor cyclist and the riders who ride them. Geico provides reasonable pricing, 24-hour customer service, and fast and fair claims handling.

In addition, some coverages are mandatory by the state, while others may be voluntary. For example, liability insurances are usually required by the state and cover any damages or injuries you might cause to others in the event of an accident. They also cover other damages to your motorcycle, accessories, and even coverage for towing assistance and roadside assistance.However, by choosing extra limitations and coverages, you can alter your policy.

What does Geico bicycle insurance cover?

Geico bicycle insurance protects you, your bike and other riders on the road. In the event of any accident, theft or braking in any way. GEICO offers some of the bicycle insurance policies below in the USA. They include:

Collision coverage

Collision coverage varies from country to country so it also protects your helmet. They pay for damage to a qualifying bike when it hits or crashes into another vehicle.

Comprehensive physical damage coverage

In Comprehensive physical damage Geico protects your accessories eg; Saddlebags, backrests, seats, chrome accents, and CB radios. You can also purchase additional coverage. They also pay for covered damages caused by accidents other than collisions, such as theft, fire, or vandalism.

Bodily Injury Liability Coverage

It insures you against some damages if you hurt or kill someone while riding your motorcycle, and it also provides you with legal protection if someone else in the accident sues you. Geico offers several levels of protection that you can choose from.

Property Damage Liability Coverage

Geico insures you against certain property losses caused while your motorcycle is being driven. They also provide you with a legal defense if a third party files a claim against you.

Uninsured/Uninsured Driver Coverage

They pay for an injury sustained by an uninsured driver in a collision that was not your fault. Other covers they offer are towing and delivery which helps you if you need a quick start, towing or other similar services. They also offer coverage for medical payments, fault protection, or personal injury. Uninsured covers medical expenses for you and your passengers. In most states, you can choose medical coverage.

USAA Bicycle Insurance

The United States provides auto insurance for all types of personal auto and bicycle insurance through overseas carriers. USAA provides insurance for virtually all other types of vehicles, including motorcycles, scooters, all-terrain vehicles (ATVs), collectible cars, motor homes, boats, and aircraft.

In addition, the USA insures the majority of motorcycle makes and models, including American irons, high-quality imports, performance sport bikes, trikes, cruisers, classics, customes, and even scooters.

What does USAA bicycle insurance cover?

While most people associate motorcycles with street bikes or classic cruisers, USAA provides coverage for a wide range of vehicles. These are some examples of the coverage they provide are listed below :

Inclusive

Comprehensive coverage helps repair or replace your bike. If it was damaged due to an accident such as an animal collision, fire, flood, glass damage or hail. It is often required if you are leasing or financing your bike. For example, if you accidentally hit a tree or wall causing $3,000 in damage. You will have to pay the $1,000 deductible, and your policy will generally cover the remaining $2,000.

Collision

Collision coverage covers the cost of your bike in the event of an accident such as hitting immobile objects or hitting other vehicles while riding. It is often required if you are leasing or financing your vehicle. While liability covers damage you do to others, collision helps fix your bike no matter who is to blame.

An uninsured/insured driver

Although most states mandate insurance, not all commuters adhere to the law. Uninsured/underinsured drivers coverage protects you from drivers who do not have adequate coverage. These coverages may pay for your injuries if you are involved in an accident caused by a driver who is not insured or does not have adequate coverage. Depending on where you live, they can also help you repair damage to your bike.

Example: If you are hit by a passenger and you are insured for some injuries by someone else who does not have adequate insurance or coverage. Uninsured and uninsured motorist coverages may help pay for your medical expenses. If your bike is damaged in an accident and you don't have collision coverage, uninsured and uninsured motorist coverage may help pay for repairs.

Responsibility

Liability coverage protects your assets if you are legally responsible for someone else's injuries or death as a result of a car accident. It also contributes to the cost of repairing or replacing the loss of the other person's property.

This coverage helps pay for damages and injuries. It also helps pay legal fees if someone sues or files a lawsuit against you.

Medical expenses

medical expenses. If you are injured in an accident, no one wants to worry about medical expenses. Medical payments coverage helps pay for medical expenses

When you get USAA bike insurance, you'll have the option to purchase any of these basic coverages. However, USAA does not offer bicycle insurance. Instead, USAA partners with Progressive to provide superior motorcycle insurance for its members.

State Farm Bicycle Insurance

State Farm also provides bicycle insurance for riders in the USA. As one of the largest auto insurance companies in the country, they offer a wide range of additional insurance and financial products that are only available through State Farm dealerships. State Farm might be the right choice for you if you want a well-known brand name with a wide range of goods and reasonable prices. Furthermore, State Farm provides a tool that can give you an idea of how different makes and models of bikes affect your insurance. Aside from your bike's warranty, taking good care of it and keeping your bike safe will help you avoid loss.

How does Sate Farm bicycle insurance work?

State Farm bike insurance is popular with fewer complaints than other top competitors. They offer generous coverage and discounts for good driving habits. They offer numerous discounts, including two programs aimed at responsible driving and young drivers. However, you can get personal attention from any agent across the country if you file a claim. They guarantee the same dependable service from the best car/bike insurance provider in the USA. Your claim is dealt with quickly and consistently and you can qualify for 4-hour roadside assistance.

State farm insurance coverage

State farm insurance have lots of coverage which is listed below :

Responsibility

They provide coverage for bodily injury, property damage and liability costs for injuries, deaths or property damage.

Uninsured/Uninsured Driver Coverage

They provide coverage for medical and property damage charges after a collision with a driver who has little or no insurance.

Collision

They provide collision insurance. They also fix costs resulting from traffic accidents, no matter who is at fault.

Comprehensive coverage

Comprehensive coverage pays for property repairs incurred as a result of events beyond your control, such as weather, hitting an animal while driving, theft, and vandalism. State Farm customers can expect above average customer service. However, State Farm receives fewer complaints than the average insurance company of its size.

How many cyclists in the UK have insurance?

The survey estimates that 12.4 million cyclists will take UK roads this summer, but only 18% of them will be insured. The increase in the number of road cyclists is mainly attributed to travel restrictions caused by COVID-19.

Conclusion :

Bicycle insurance policies are generally more comprehensive than homeowners or renters insurance policies. However, bicycle insurance is less expensive than auto insurance in the United States. Although there are exceptions for homeowners, depending on where you live and the value of your bike. You may end up paying more for bicycle insurance than you would for a car.