Highlight

Admiral Insurance reveals UK’s bike theft hotspots

Admiral Insurance has revealed the UK’s bike theft hotspots, along with a warning to cyclists to be vigilant and consider bicycle cover.

The warning comes as bike theft crime is on the rise, with Admiral’s latest data showing that bike theft is already 56% higher in the first two months of 2022 than this time last year.

Noel Summerfield, head of household at Admiral, said: “As the weather improves, many of us will be dusting off our bikes and opting to cycle more this spring. And as fuel prices skyrocket, cycling will be a cheaper option for getting around – something that could be welcome news for bike thieves.

“Bicycle thefts have soared during the pandemic, as more people bought new bikes. The average number of bike theft claims over the last year was 25% higher than the previous year and 40% higher than the year before the pandemic.

“Our data shows that bike theft claims for the first two months of 2022 are already over 56% higher than the same period last year, suggesting that the criminals are taking advantage of the extra bikes on our roads.”

UK bike theft hotspots
Top 10 postcode areas for bike theft claims in the last two years (including London):

1. SW – Southwest London
2. E – East London
3. SE – Southeast London
4. BS – Bristol
5. EH – Edinburgh
6. N – North London
7. CB – Cambridge
8. BN – Brighton
9. SO – Southampton
10. KT – Kingston-Upon-Thames

Top 10 postcode areas for bike theft claims in the last 2 years (excluding London):

1. BS – Bristol
2. EH – Edinburgh
3. CB – Cambridge
4. BN – Brighton
5. SO – Southampton
6. KT – Kingston-Upon-Thames
7. NE – Newcastle
8. BH – Bournemouth
9. OX – Oxford
10. M – Manchester

“Cyclists in the capital should be on high alert as London postcodes dominate the top 10 postcode areas for the number of bike theft claims registered over the last two years,” Summerfield added.  “Southwest London (SW) tops the list, but four other London postcodes also feature in the top ten.

“Bristol, Edinburgh, Cambridge, Southampton and Brighton are the top five bike theft hotspots outside of London. Overall, Southern areas see more bike thefts – Edinburgh, Newcastle and Manchester are the only areas north of Watford Gap to feature in the top ten. With the spring here, it’s also a good time to make sure your bike is covered on your home insurance.

“At Admiral, any pedal bike worth less than £350 is automatically covered on your policy, but many bikes cost more than this and will need to be added as a specified item.

Read more: CIE reports “extremely positive” picture of cycling sector in 2021, though supply chain challenges remain

“The average value of a bike stolen and reported to our claims team in 2021 was £941. However, we insure bikes up to the value of £5,500 and some stolen bikes reported to our claims team over the last two years had a value of over £5,000. We’ve also had claims where multiple bikes belonging to one family have been stolen, which would be very upsetting.

“Whether you’ve been cycling for years or have just bought your first bike, be vigilant and use our free guide to help you step up your bike security and ensure you have the right level of cover.”

Rebecca Morley

Recent Posts

Paligap updates industry on remaining brands following announcement of business closure

Paligap has shared an update on the distributor’s brands, following the announcement that that business…

6 hours ago

Evans Cycles to restart partnership with bike brand Cube

Evans Cycles is to restart its partnership with bike brand Cube. The partnership will see…

9 hours ago

British wheel brand Parcours launches in South Africa with Roam Sports partnership

British wheel brand Parcours has partnered with Roam Sports for distribution, sales and support for…

9 hours ago

Personal safety app Flare launches Seedrs crowdfunding campaign to help grow and develop business

The creators of Flare are launching a crowdfunding campaign with Seedrs to help the growth…

10 hours ago

Bike sales down a quarter on pre-Covid levels, according to latest report from Bicycle Association 

The sales of bikes have dipped below pre-Covid levels, according to the latest report from…

1 day ago

“There are undoubtedly a lot of challenges at the moment”: Madison distributor focus

Following the supply and demand chaos of the pandemic, Madison CEO Dominic Langan tells Alex…

1 day ago