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9 Apr 2025

Seven in ten cyclists in the UK have had their bike stolen, with the average cost of a stolen bike at £612.80 bringing the total estimated cost of thefts to £2.4 billion, according...

8 Apr 2025

MPs from multiple parties are pushing for Cycle to Work scheme to be expanded to include more people, including pensioners and freelancers, with the aim of encouraging more people to cycle.

2 Apr 2025

New regulations around recycling, known as ‘Simpler Recycling’, will soon require non-household municipal premises, including businesses, schools, and hospitals, to separate food...

2 Apr 2025

WorkNest has provided ACT members with essential resources covering statutory employment rates and the upcoming Employment Rights Bill, with the updates aimed at helping independent...

1 Apr 2025

Bira has voiced serious concerns over the latest figures from the BRC-NIQ Shop Price Index for March 2025.

26 Mar 2025

ACT parent company Bira has said the Chancellor's Spring Statement delivered today has failed to address the "perfect storm" of cost pressures facing independent retailers across the UK,...

25 Mar 2025

ACT parent company Bira has outlined its key priorities ahead of the Chancellor's Spring Budget statement.

24 Mar 2025

Activate Cycle Academy has delivered a five-day bespoke training course to help Metropolitan Police officers to crack down on illegal e-bikes.

21 Mar 2025

UK cycle industry trade bodies the Bicycle Association (BA) and Association of Cycle Traders (ACT) have issued a joint message to cycle retailers who may be considering fitting e-bike conversion...

7 out of 10 UK cyclists have experienced bike theft with overall cost of thefts totalling £2.4bn, research shows

Posted on in Business News , Cycles News

Seven in ten cyclists in the UK have had their bike stolen (at least once), with the average cost of a stolen bike at £612.80 bringing the total estimated cost of thefts to £2.4 billion, according to new research.

Cycle Thefts

Theft is most common in urban areas, with 82% of Bristol cyclists affected, followed by Newcastle (76%), Edinburgh (74%), Liverpool and London (both 73%). Despite this, only 24% of victims made insurance claims, despite cover options such as specialist bike insurance from providers like Bikmo.

The study, from finance company Novuna Personal Finance, highlights that thefts are most frequently occurring in public places, with 42% of cyclists feeling most at risk at public bike racks and 51% of thefts taking place in public spaces, compared to 30% on private property including outside homes and workplaces.

E-bikes are considered particularly vulnerable, with 75% of cyclists believing they are more likely to be targeted than traditional bikes, amid the rise in e-bike popularity in recent years.

The startling theft figures have directly discouraged many from riding altogether, with 23% reporting a reduction in the amount of cycling they do and 9% having stopped riding completely following a theft.

A Home Office spokesperson said: “Bike theft has a huge impact on individuals and for too long, many of the victims have felt that not enough was being done to prevent their bikes being stolen, or track down the thieves responsible. As part of this Government’s Plan for Change, our Safer Streets Mission is determined to clamp down on the crime that damages our communities, and affects people’s lives, and tackling theft will be a crucial part of that work.”

Theresa Lindsay, Marketing Director at Novuna Personal Finance, said: “With so many cyclists facing the financial and emotional costs of theft, it was clear that bike security needed to be a priority. Investing in a quality lock and ensuring bikes were secured properly could help deter thieves.”

ACT partner Bikmo offers specialist cycle insurance, which can support retailers by offering added value to customers at the point of sale by providing protection in the event of thefts.

Learn more about consumer cycle insurance here.

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