Cycling to work ticks several boxes; it saves money, increases fitness and is good for the environment. In addition, for many cycling is an enjoyable way to commute and provides a way to de-stress on the way to and from work. With more and more choosing this method of transport for their daily journey into work and cycling quickly rising up the ranks as the nation’s favourite hobby, the reason to protect your equipment has never been greater.
Research undertaken by cycleGuard found that cycling is currently the nation’s sixth favourite hobby. This increases for urban areas with lots of commuters. Indeed, cycling is London’s third favourite hobby- beaten only by running and gardening. Evidently cycling has quickly turned from just a way to get to work to an interest for many Londoners with 36% of those surveyed counting cycling as a hobby.
Your equipment, whether commuting each day on your bike, participating in races or cycling for fun at the weekend, is incredibly important. Damaged, lost or stolen equipment not only puts a dampener on your day but can prevent you from pursuing your hobby for weeks at a time, and can be costly to replace. Yet, whilst every car owner insures their car, many cyclists do not insure their bikes despite it often being their primary mode of transport.
The risks are real for cyclists
Our research found that over one in ten (14%) cyclists have had their equipment stolen in the past and a further 16% have damaged their equipment irreparably.
To replace or fix equipment can be extremely costly - and having to subsequently change your preferred method of travel, such as switching to driving or having to catch public transport, creates further expense. And this doesn’t even take into account the emotional cost of losing a key method of de-stressing for some.
Of course, there are steps that can be taken to minimise the risk of theft or damage to your equipment. For example, ensuring that you leave your bike in an appropriate location under lock and key is an easy step to prevent theft. However, you must make sure that it’s a good quality lock as some poorer quality ones can be easily broken into. In addition, locking your bike in a busy public area rather than a quiet street can help prevent unwanted thieves.
Taking regular care and proper maintenance of your bike can also help keep it in good condition, preventing it from unwanted damages. In addition, ensure that you understand the rules of the road and aren’t taking any unnecessary risks that could lead to harming yourself or your bike.
Protecting your pastime
Whilst these measures will go some way in helping you to protect your bike, and in doing so your hobby, accidents can still happen and you should also be prepared for this possibility. Taking out insurance for your equipment will ensure that even if the worst happens we’ll aim to get you back on a replacement bike as soon as possible, without the high cost of purchasing a new one out of the blue.
At CycleGuard we know that cyclists are passionate about cycling- whether as a hobby or something more and we are serious about ensuring that riders keep enjoying it for years to come. When what you love doing relies on equipment, it’s important to make sure its protected.
 Research carried out by CycleGuard in April 2018 with a sample size of 2,007 consumers.
Cycleguard is a trading style of Thistle Insurance Services Limited. Thistle Insurance Services Limited is authorised and regulated by the Financial Conduct Authority. FRN 310419. Lloyd’s Broker. Registered in England under No. 00338645 Registered office: Rossington’s Business Park, West Carr Road, Retford, Nottinghamshire, DN22 7SW.
A purpose-built commute bicycle, specifically designed for the modern bicycle commuter.
This is your chance to win a 2019 Contend SL 1 courtesy of Giant.
Start 2019 in style and by being the proud new owner of a CUBE Attain Race Disc bike in our latest competition!