Red bicycle locked to pole with heavy-duty black bike lock.

Protecting Your Bike From Theft



The National Bike Registry estimates that two million bicycles are stolen each year in the U.S. and only a small percentage of them are ever recovered. And the problem has been growing since the start of the coronavirus pandemic, as more people have turned to bicycles as their main mode of transportation.

The following tips can help lower the risk of having your bike stolen:

Bicycles are covered under your homeowners or renters insurance. However, there is usually a deductible. Your homeowners or renters policy also provides liability coverage in the event of a collision that results in injury to another person. There are no deductibles for liability claims.

Once you purchase a bicycle, keep the receipt for it and any accessories you add. Also, take photographs of the bike. Store these documents off-premises and alert your insurance professional to your new purchase.