Member Article

CompareNI launches dedicated insurance comparison service for cyclists

CompareNI, a leading insurance comparison platform, is launching a new price comparison service for cyclists that will enable them to compare bicycle insurance quotes online after completing one short form.

With data from the Office for National Statistics revealing that more than 300,000 bicycles are stolen across the UK each year, bicycle insurance is a sensible and cost-effective way to safeguard your bike.

And it’s not just theft – many of the best bicycle insurance policies will also cover cyclists against third party liability claims, which would mean the policy could cover the cost of legal fees and compensation payments if the cyclist injured a pedestrian or damaged someone’s property.

CompareNI’s new comparison service aggregates quotes from a range of bicycle insurance specialists and then displays those quotes online, enabling the cyclist to compare prices and policy features directly on the website in a matter of minutes.

Announcing the launch of its new bicycle insurance comparison service, Greg Wilson, Founder of CompareNI, said:

“At CompareNI we understand that a cyclist’s bicycle is much more than a basic mode of transport… they are often very valuable vehicles in their own right, with many of them worth thousands of pounds and some even valued at £10,000 or more.

“In addition, cyclists do run the risk of suffering a third-party liability claim at some stage, which they would have to cover themselves if they were uninsured.

“Of course, just because insuring your bicycle is a wise decision doesn’t mean cyclists should pay over the odds for that insurance policy. That’s why we’re launching this new price comparison service, to help cycling enthusiasts to find the right policy at the right price by comparing quotes from a range of providers.”

This was posted in Bdaily's Members' News section by Wayne McKnight .