bicycle insurance germany

BICYCLE Insurance Germany

Bicycle Insurance Germany

Biking in Germany is very common. It’s especially popular in cities where driving a car might be a little bit of a headache. Like any city, sometimes there is a lot of traffic and limited parking space available. So many German residents rely on their bicycles for getting from one place to another. Unfortunately, bicycle theft happens frequently. Furthermore, it’s extremely unlikely that you’ll ever be able to get your bicycle back. Therefore, it’s important to have bicycle insurance in Germany!

For example, in 2014 thieves stole 31,000 bicycles in Berlin, but police only found four percent of those bicycles. Bicycle theft is becoming more of a problem in Germany. In 2017, across Germany thieves stole 300,006 bicycles. Needless to say – if you have a bicycle in Germany, you’re vulnerable to bicycle theft. That’s why so many German residents get bicycle insurance. Luckily, it’s easy to get and not expensive. Bicycle insurance in Germany costs as little as €1.00 per month.

Table of Contents:

What’s Covered

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Every bicycle insurance company has different coverage. However, in general, a good bicycle insurance company will cover the following:

All types of bicycles: A good insurance company will cover road bikes, mountain bikes, e-bikes, carbon bikes and pedelecs.

Theft, burglary and robbery: Assuming your bicycled was locked, you can receive reimbursement for your stolen bike.

24-hour protection: It’s very important to choose a company that offers 24-hour protection. Bicycle theft is most common during the night. Therefore, make sure you read the fine print and choose a company that covers bicycle theft that occurs at night!

Bicycle lock: Your bicycle lock is usually also insured if it was stolen.

Worldwide insurance: If you travel often, try to choose an insurance company that offers insurance for your bicycle(s) outside of Germany.

Reinstatement value principle: Your insurance company should pay you the value of your stolen bicycle so you can buy a new one.

Minimum term: You can cancel your insurance whenever.

Vandalism: There should be an option to include vandalism with your insurance policy. For some bicycle insurance providers, vandalism is automatically included and for others you will have to pay extra for it.

Part theft: Your insurance company should insure stolen parts of your bike. Usually these parts need to be necessary parts of your bicycle (e.g. the pedals or bicycle seat).

The Cost of Bicycle Insurance in Germany

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The cost of bicycle insurance in Germany depends on many different things. Nevertheless, it is usually very inexpensive.

Zip code: For starters, normally your zip code impacts the cost. If you live in an area more prone to crime it will be more expensive than if you live in a neighborhood with low crime rates. This is simply because an area with higher crime rates has a higher chance of theft. Therefore, you would be a higher risk for an insurance company.

Number of bikes: Some bicycle insurance companies will let you add multiple bicycles onto your plan. In this case, the price also depends on the number of bikes you insure. If you include more bikes on your insurance plan then it will be more expensive.

Sum insured: When you sign up for bicycle insurance you will have to indicate the sum insured amount. This amount has to coincide with the amount it would cost to replace all the bikes. For example, if the value of your bikes is €1,000 then the sum insured would be €1,000. The higher the sum insured, the higher the cost of bicycle insurance.

Deductible: Some bicycle insurance companies have deductibles. If this is the case, then the deductible you set can either increase or decrease the cost of your bicycle insurance. This is the amount you pay before your insurance company pays. For example, let’s say your deductible is €150 and your bike (valued at €1,000) is stolen. You would pay €150 and your insurance company would pay €850. You should have the option to opt out of setting a deductible.

Add-ons: Add-ons might increase the price of your bicycle insurance plan. For example, add-ons like vandalism and theft of parts might mean you have to pay more. However, this should never dramatically increase the cost.

Best Bicycle Insurance for Foreigners in Germany

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  • Starting price per month
  • Purchase online
  • Insures against bicycle theft
  • Insures against part theft
  • Insures against vandalism
  • Customer service in English
  • Website and application in English
  • Cancel any day
  • Worldwide coverage
  • Insure multiple bikes on one contract

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  • €1
  • With upgrade
  • With upgrade
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COYA is one of the top bicycle insurance providers in Germany. COYA offers an affordable bicycle insurance plan, and really good coverage. For example, COYA covers everything mentioned in the „What’s Covered“ section of this article. Plans start at €4.41/month. Best of all – COYA’s website, application and customer service are all in English. This is one of the best options for expats in Germany.


Does Bicycle Insurance Cover Damaged Bicycles?

The bicycle insurance covered in this article is for bicycle theft insurance. If you crash your bicycle then this insurance would not cover the cost of repairing or replacing your bicycle.

Does Bicycle Insurance Cover Damages You Cause While Biking?

Bicycle insurance does not cover damages you cause while biking. However, in some cases, personal liability insurance covers damages you cause while biking. COYA also provides personal liability insurance in English. COYA’s website states, „The insurance covers statutory liability, e.g. because of damages caused by the use of bicycles or electric bicycles that are not subject to compulsory insurance bicycles (pedelecs).“ In other words, personal liability insurance with COYA covers damages caused by the use of normal bicycles. Electric bicycles and scooters would need extra liability insurance.

Is My Bicycle Covered Under My Home Contents Insurance?

Some home contents insurance plans will let you choose bicycle insurance as an add-on. In other words, you can pay a little extra each month to have your bicycle insured. COYA is a popular home contents insurance company for foreigners living in Germany that gives you this option. With COYA you can choose bicycle insurance as an add-on.

Can I Insure Multiple Bicycles On One Plan?

For some bicycle insurance companies, you can insure multiple bicycles on one plan. If this is an option then you will be able to indicate the number of bicycles you want to insure when you sign up for your plan.

Is Bicycle Insurance Expensive?

Bicycle insurance is one of the cheapest types of insurance you can buy in Germany! COYA plans start at €4.41 per month.

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