We asked our partners, Bikmo, to put together an article detailing how their cycle-specific insurance cover differs from home insurance cover. Here's what they had to say.
One of the most frequently questions asked is, “What’s the difference between cycle-specific insurance vs just adding a bike onto your home insurance policy?”
We can understand why this is asked. Often, adding a bike onto your existing home insurance seems like a cheaper option, but are you aware of how the cover differs between the two?
Below is a comparison table between our PLUS cycle insurance policy vs two leading home insurers’ home insurance bike policies.
Compare our cover | Bikmo | Aviva | Direct Line |
| Based on our BIKMO PLUS cycle insurance policy | Based on home insurance policy | Based on "Home Insurance Plus" policy |
Theft from Home | ✅ | ✅ | ✅ |
Theft away from Home | ✅ | ❌ | ❌ |
Accidental Damage | ✅ | ✅ | ✅ |
Public Liability | ✅ | ✅ | ❌ |
Personal Accident | ✅ | ❌ | ❌ |
Medical Expenses | ✅ | ❌ | ❌ |
Value Limit | £100 min - £30,000 max | £300 min - £5000 max | £0 - £1000 max per bike |
Accessories Cover | £250 min or 10% of Total insured value | Included in bike value, only up to value limit | Included in bike value, only up to value limit |
Clothing + Headgear Cover | £250 min or 10% of Total insured value | None | None |
365 Days Worldwide Cover | ✅ | ❌ | ❌ |
Legal Advice | ✅ | ❌ | ❌ |
Race Fee | ✅ | ❌ | ❌ |
Emergency Hire | ✅ | ❌ | ❌ |
Family Cover | ✅ | ❌ | ❌ |
Bike Box Cover | ✅ | ❌ | ❌ |
Excess | £0 Free for Bikmo Replacement option or 10% (min £40) cash | £100 – £1,000 (customer selected) | £100 – £500 (customer selected) |
Disclaimer – Coverage is true as per a web search on 25/8/2026. All coverage is subject to terms and conditions.
Overview
It’s essential to check the level of coverage you have. The last thing you want to do is assume your bikes and kit are adequately covered, to then have a shock if you need to make a claim.
It’s also worth noting that Bikmo offers Hooplr customers an exclusive 10%* discount on their hassle-free insurance policies, the benefits of which you can see above. Plus, Bikmo also offer a 25% reduction on e-bike premiums compared to regular cycles (including e-cargo bikes!) Simply check your welcome email for how to access this.
For anyone on a Hooplr waiting list, you can redeem a 5%* discount towards any Bikmo policy you take out whilst on the waiting list.
Although not all home insurance policies are the same, here are the important things to look for within policy wording to give you the confidence to make the right decision for your needs.
What home insurance often doesn’t include compared to cycle insurance
Policy wording can often be a minefield to understand. We have made ours as simple as possible; not all insurers do. One area that causes confusion is the cover and exclusions for ‘cycles’.
Read your home insurance policy wording carefully, as you may find that the definition of ‘cycle’ changes to ‘sports equipment while in use’ in the exclusions section. It is important to check this, as it may mean you are not covered while actually riding your bike or when your bike is in a Bikehanger.
Maximum cycle value
With your home contents insurance, there will almost certainly be a limit on the value of cycles, which could be as low as £500.
If your bikes are worth more than this limit, they may need to be specifically declared on a home insurance policy, and they’ll want an additional premium. In many cases, home insurers will decline to provide cover for high value bikes.
Bikmo provides cover for bikes valued up to £30,000!
Cover away from the home
Many home insurers won’t cover you for theft or accidental damage when away from home, unlike a specialist cycle insurer, which is often the time you’d need it.
If you currently cover your bikes under a home insurance policy, it is worth checking the underwriting guide to clarify the details around “away from home cover”.
Check out our handy locking requirements video below and our full locking requirements here:
Accidental damage
Many cyclists assume it is only theft that they’ll need to be protected against when it comes to cycle cover. However, at Bikmo, 40% of all claims come from accidental damage while riding the bike, a factor many home insurers don’t cover against.
Clothing cover
Helmets, glasses, shoes and other cycling kit can often add up! Clothing is usually the first thing to make contact with the tarmac in a crash. Check the policy wording to see if your other expensive kit is covered.
Home insurance premium increases
Your bikes may be one of the lowest-value items on the home insurance, but that doesn’t mean you won’t be stung with a hefty increase to your annual premium following a claim. Home insurers often increase your premium the following year if you have made a claim.
Home insurance excess fees
When using your insurance, the last thing you want is to be stung with a sizeable excess when claiming. Home insurers often apply high excess fees that can be up to the value of £500.
With Bikmo, where available, you can opt to have £0 excess on bicycle claims when you replace through our retail partners.
Consider dedicated cycle insurance
If you own bikes above £400, commute or use Bikehangars, then you may want to consider cycle specific insurance.
That’s why Bikmo offers straightforward policies to cover you against theft and accidental damage of your bike(s), accessories and much more, worldwide, 24/7.
Plus, Hooplr customers benefit from
An exclusive 10%* discount (see your welcome email for details).
25% reduction on e-bike premiums compared to regular cycles (including e-cargo bikes).
A 5%* discount for those on the Hooplr waiting list (click here!)
Bikmo policy benefits for Hooplr customers include:
*Minimum premium £3.73/mo and policy wording applies. 24/7 Bikehangar cover only valid with an active Hooplr membership. This promotion is provided by Bikmo Ltd Glendale House Sandycroft Industrial Estate Flintshire CH5 2QP, who are authorised and regulated by the Financial Conduct Authority ref. 745230
