Who has the best bike insurance?

Who has the best bike insurance in Australia depends on the type of bike you have and what you want covered. For dedicated, high-value road bikes, mountain bikes and e-bikes over $3,000 where you want crash damage while riding, theft away from home and new-for-old replacement, Velosure is widely considered the best overall. Velosure is underwritten by Hollard, backed by RACV, covers bikes up to $30,000 per bike, offers agreed value, covers accessories and clothing damaged in a crash, and allows racing cover as an add-on, with excellent online claims. For absolute highest value or custom bikes up to $50,000, Cyclecover and BikeCover are often rated best because they specialise in professional-level bikes and offer worldwide racing cover. For everyday commuters with bikes under $2,000-$3,000, the best and cheapest option is often to add your bike to your home and contents insurance with providers like NRMA, Allianz, AAMI or Budget Direct, which will cover theft from home and often theft away from home for a low premium increase of $50-$150 per year, but they will not cover crash damage while riding, which is the biggest gap. For third party liability and personal injury while riding, Bicycle Network membership at $129-$169 per year and AusCycling membership are considered best because they include up to $20M third party liability and personal accident benefits. For e-bikes specifically, Velosure is best because it explicitly covers battery, motor and charger theft and damage.