Bicycle Insurance: What are the options?

bicycle crash

CC Flickr photo courtesy of ebis50. Don't get caught in a crash without insurance!

What are your options when it comes to bicycle insurance? It depends a lot on what you are trying to insure.

If you are looking for the type of bicycle insurance to protect yourself against the theft or destruction of your bicycle, you’ll want to look at your homeowner’s insurance policy, or perhaps your renter’s insurance policy if you don’t own a home.

You’ll want to make sure that the bicycle is insured for “replacement value” instead of just “depreciated value.” If your $5,000 bike is three years old and you have it insured for the depreciating value, you might end up getting much less than what it would cost to replace the bike, because the value of the bicycle has depreciated over time.

If you are looking for the type of bicycle insurance that covers you in the case of a bicycle accident while riding on the streets, then you’ll often be covered by your car insurance.

You need to call your car insurance agent to make sure that you are actually covered though. Don’t just assume it.

You’ll want to have Uninsured and Underinsured motorist insurance as part of your automobile policy as part of your bicycle insurance plan. Because let’s face it, the worst, most irresponsible drivers are often also irresponsible people who drive without insurance. If you are hit by a car and a driver is uninsured, then you could be on the hook for very expensive medical and repair bills. But carrying an uninsured and underinsured policy with your own automobile insurance could potentially cover you in this situation.

You might also be covered on your bicycle with the “Medical Payments” part of your auto insurance policy.

According to, “Medical payments is an optional coverage in Texas that pays for medical and dental treatment, hospitalization, professional nursing services, prostheses, and funeral expenses if a covered driver and/or accompanying passengers are injured while in an insured vehicle, regardless of who is at fault in the accident. Medical payments may also cover policyholders and their family members when they are injured while riding in someone else’s car or if a car hits them while on foot or bicycling.”

It’s also possible that you might be covered after a bicycle accident under the Personal Injury Protection part of your car insurance policy, in Texas. Check with your insurer and see if it applies to your policy.

If you don’t own a car at all and have no car insurance, then you are in a difficult situation. You won’t be able to carry an uninsured and underinsured motorist policy like you can when you have car insurance.

Read more at the blog about Why We Need Cycling Insurance.

Read more about bicycling accidents and legal and insurance options on the Kipness Law Firm site.

Did I leave anything out? Is anything unclear about this article? Do you have personal experience with any of these issues? Leave a comment and let us know!

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