• Brits spent more than £5 billion on 14.5 million new bicycles since March this year
• 215 bikes were reported stolen every day between April and August
• Bike crime accounts for 10 per cent of all crimes reported in London
• The average claim for a bike is £800

 

New research from Direct Line Home Insurance¹ reveals more than £5 billion has been spent on bikes since the start of lockdown. In fact, a huge 14.5 million bikes have been acquired in the last seven months alone, with a total of 9.1 million people purchasing at least one bike in the UK since March.

With people increasingly choosing cycling as their preferred mode of transport, more bikes than ever are being left throughout the day, becoming a target for opportunistic thieves. Between April and August this year, 32,700 bikes were reported stolen to police forces across the UK², approximately 215 every day. However, the actual number of bikes stolen could be as high as 112,600, as 71 per cent of bike owners do not report them as stolen³. Direct Line reports the average claim for a bike now stands at £800⁴, an increase of 27 per cent since 2019.

The City of London has the highest volume of bike theft in the UK, with an equivalent 2,385 bikes stolen per 100,000 residents, accounting for 10 per cent of all crimes reported in London. This is a significant difference on second placed Cambridgeshire which reported 158 thefts per 100,000 residents.

Dan Simson, Head of Direct Line Home Insurance, said: “It’s great to see that so many people have found solace in cycling this year. With many people avoiding public transport due to coronavirus, it’s easy to see why cycling is so popular, whether for commuting, exercise or as a general mode of transport.

“However, bikes can be expensive and often catch the eye of thieves when left unattended, especially if not well secured. With so many now relying heavily on their two wheels for travel and exercise, we would recommend investing in a strong D lock to deter thieves. As well as having home insurance with cover for personal possessions away from home included to reduce the risk of being hit with a hefty bill to get you back on the road.”

Not only has the country seen an increase in bike ownership, the number of miles pedalled for work and pleasure has increased too. Britons are now collectively cycling 16 million more miles every week – taking the total UK weekly miles ridden past one billion. This increase is being fuelled by commuters, who are now riding an average 7.3 miles per week, an increase of 28 per cent compared to before lockdown and accounting for around a seventh of all miles cycled on a weekly basis. Other popular reasons for cycling such as exercise (up four per cent) and leisure (up two per cent) have also increased since the start of lockdown, although visiting friends and family has understandably fallen (down five per cent).

As well as being good exercise, cyclists are also reporting other positive side effects from cycling more: a quarter (25 per cent) of those who have turned to cycling during the pandemic said it has had a positive impact on their physical and mental health, while one in eight (12 per cent) prefer to cycle as it saves them money, and eight per cent said they wouldn’t feel comfortable travelling to work if they weren’t using their bike at the moment.

The most common place people are storing bikes when at home is in a locked shed or garage (47 per cent), followed by inside the home (18 per cent) and an unlocked shed or garage (10 per cent). Locked outside in the garden (eight per cent) and unlocked in the garden (six per cent) complete the top five storage locations.

Away from the home, cable locks, U-locks or chain locks are the most popular safety method for securing bikes, with a third of cyclists using these. A D-lock (26 per cent) and chaining to another bike using a cable lock, U-lock or chain lock (14 per cent) are other common techniques being used. One in nine (11 per cent) think leaving their bike in a well-lit area is sufficient and nine per cent remove accessories when leaving their bike unattended.

With less than half (43 per cent) of bike owners having insurance cover, Direct Line is offering some helpful tips to keep them safe:

Tips for keeping your bike safe

• Registration – There are bike schemes available, such as BikeRegister which are free to sign up for and provide security marking kits and warning signs to deter thieves
• Parking – Keep your bike parked in a well-lit public area where it’s busy throughout the day
• Lock it up – Ensure that you always keep your bike locked when unattended. D-locks are the most secure and it will pay in the long run to invest in a high-quality lock
• Home – Even when your bike is kept in your garage or shed, be sure to lock it up and consider investing in a ground lock or secure wall mount so you know it is safe when out of sight
• Insurance – Check with your insurance provider that your bike is covered. Some insurers offer an add-on to their usual cover which is always worth investing in. If you have a high-value bike it is also worth reading the terms and conditions to be sure your bike value is covered
• Direct Line home plus insurance covers bikes for up to £1,000 as standard⁵
• Photograph – When purchasing a new bike, it is always recommended to take photographs of the bike and capturing frame numbers and any unique features

For more information please visit https://www.directline.com/home-cover/how-to-prevent-your-bike-from-being-stolen

 

ENDS

Notes to Editor

1. Research conducted by Opinium among a nationally representative sample of 2,001 adults between 16^th – 20^th October 2020
2. Analysis of police data courtesy of UKCrimeStats covering April to August 2020.
3. Data courtesy of Stolen Bikes UK
4. Analysis of Direct Line Group claims data
5. Bicycles must be in a locked building or secured with a bike lock to an immovable object

 

For further information please contact:

Claire Jarrett
PR manager (Home & Pet)

Direct Line Group

Tel: 01651 832 411

Email: [email protected]

Samantha Stewart

Citigate Dewe Rogerson

Tel: 0207 025 6497

Email: [email protected]

 

Direct Line

Started in 1985, Direct Line became the first UK insurance company to use the telephone as its main channel of communication. It provides motor, home, travel and pet insurance cover direct to customers by phone or on-line.

Direct Line general insurance policies are underwritten by U K Insurance Limited, Registered office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England and Wales No 1179980. U K Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Direct Line and UK Insurance limited are both part of Direct Line Insurance Group plc.

Customers can find out more about Direct Line products or get a quote by calling 0345 246 3761 or visiting www.directline.com/home-cover