Our multi-bike discount works in two ways; firstly all your bikes are covered under one policy, making the management of insuring your bikes far more simple.
It goes deeper than that though; secondly, we can offer up to a 50% discount for any bikes you leave at home. We know that you can’t ride all your bikes at once, so why should you pay your insurance as if you could?
You can only ride one bike at a time, so your insurance premium is based on your maximum value at any one time. For example, if you have 3 bikes valued at £3000, £2000 and £1000, your maximum value when out riding at any one time is £3000, and not the £6000 value of all 3 bikes.
This allows us to offer significant discounts up to 50% on the other bikes added to your policy.
With a total sum insured of £6,000, you also get 10% or £600 cover for each bike boxes, bike accessories and bike clothing. For more information on what extras are included, see our Accessories & Clothing Definitions.
MULTI BIKE CASE STUDY
Bianca has several bikes; one for competitions, one for training, a single speed bike for commuting, and a hardtail mountain bike for weekend forest runs. Previously, she had only insured her racing bike used for competitions as it is the most valuable and the one she really can’t afford to replace.
However, Bianca discovered that through Bikmo she could cover all her bikes under one policy without it costing the Earth. By doing this, she was able to get a nice discount on the total cost of her insurance policy, and all her bikes and kit were covered.
What is the maximum number of bikes I can have on my policy?
In theory, there is no limit. You can have as many bikes as you like provided the total insured value does not exceed £30,000.
What sort of discount can I get?
We are able to offer up to a 50% discount for the bikes you leave at home.
What is “Maximum Value Away From Home”?
This is the value of your most expensive bike or bikes that you take away from home at any one time.
How do I work out the maximum value away from home?
Add up the value of your most expensive bike or bikes, including race wheels you may have with you away from home at any one time. For example, £3000 plus £1450 wheels = £4450 maximum value.