Bike insurance cost per year in Australia varies by bike value and type of cover. For dedicated comprehensive bicycle insurance that covers theft anywhere and crash damage while riding, which is offered by specialists like Velosure, Cyclecover and BikeCover, the annual cost is typically 8% to 12% of the bike's value. For a $2,000 commuter bike, that is $160 to $240 per year. For a $5,000 road bike, $400 to $600 per year. For a $10,000 carbon race bike, $800 to $1,200 per year. For a $15,000 high-end e-bike or triathlon bike, $1,200 to $1,800 per year. These annual policies usually include new-for-old replacement, accessories cover, transit cover and optional racing and worldwide cover. Your annual premium will be higher if you live in a high-theft area like Sydney CBD or inner Melbourne, if you have had previous theft claims, or if you choose a low excess. For cheaper annual cover that only covers theft and not crash damage, adding your bike to your home and contents insurance costs $50 to $200 per year extra on top of your home premium for a bike up to $5,000. For liability and personal injury only, without bike damage cover, Bicycle Network membership costs $129 to $169 per year and includes $20M third party liability and personal accident income protection. AusCycling membership costs $99 to $380 per year depending on racing level and also includes personal accident and liability insurance.
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