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Despite falling bicycle thefts: That’s why insurers now have to pay more


from Carl Schneider am 31.07.2021

Photo: D-No / Getty ImagesBicycle thefts have decreased.

The number of bicycle thefts is currently falling. That is actually positive news, but insurance companies do not see any reason to be happy right now. Because although they would have to pay less for this reason, the average compensation has almost doubled in the last ten years.

The bicycle industry is currently going through a strange development. According to police statistics, bicycle thefts have dropped to 260,000 bikes. The reason for this could be found in the corona pandemic and the effects on our lives. It is much less common to find unattended bicycles outdoors because many people work from home. In addition, during the various lockdowns and curfews, people were probably less on the move (by bike). And of course, bike thieves are likely to have gone about their dark day’s work less often. In addition, bicycle thefts are often not reported, which is why the number of unreported cases is likely to be much higher.

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The amount of damage for bicycles is still increasing

Despite the slight decrease in thefts, the amount of damage has remained unchanged at 110 million euros in 2020. This is reported by the German Insurance Association (GDV). As a result, the number of stolen bicycles has decreased, but the price of individual bicycles has risen. According to the association, the average compensation paid by insurers reached an all-time high of 730 euros. And: “The success of the e-bikes is likely to increase the amount of damage in the future,” predicts GDV General Manager Jörg Asmussen. For comparison: ten years ago insurers paid an average of 400 euros for a stolen bike.

So it is important that you secure your beloved two-wheeler. Good bike insurance can help in the event of a claim. But to prevent potential theft, a bike lock is the better choice. Whether cable lock, U-lock, folding lock or chain lock: the range is huge – and only very few models keep what they promise and withstand the brazen bicycle thieves.

If you are interested in insurance for your e-bike, you will find yourself in an unbelievably large space that offers everything from cheap to expensive. We have tested over 15 insurance policies for you and put them together for you

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What to consider when buying a bicycle lock

How much does a good bike lock cost?
The price of a good bike lock depends a lot on what type of bike you want to secure with it. With children’s bicycles or bicycles that you always keep an eye on (for example because you are taking a short break on the bike tour), a simple chain lock is often sufficient for around 10 euros. However, if you leave your bike unattended for a few hours, then you shouldn’t be saving at the wrong end. Good locks then cost around 50 euros. If you leave your bike outside for a longer period of time, we recommend a stationary lock, for which prices between 90 and over 100 euros are due.

What do I have to look out for when buying a bicycle lock?
The decisive criterion when buying a bicycle lock is not so much the price, but above all the purpose of the lock. A lock that you always want to have with you on your bike in everyday life should be sufficiently tamper-proof, but not too heavy and easy to use. As a general rule, if you have a particularly cheap lock, you should look twice before buying it. If, on the other hand, the bike is to be secured stationary, mobility does not play a major role, but security against break-in is all the more important.

Where should I buy a bike lock?
If you are sure which lock you want, then nothing speaks against purchasing in the online shop. If you have not yet decided whether you would prefer to use a chain, armored cable or U-bolt lock or whether you would like to try out whether the lock you want fits your bike, we recommend that you consult your specialist dealer. He is also up to date on the latest developments and innovations.

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E-bikes: Bicycle thieves are also jumping on the trend

It is predictable that there will be a massive spike in theft numbers in 2021. In the course of the far-reaching easing and the bicycle boom triggered by the pandemic – especially for the naturally rather high-priced e-bikes – the growing supply is likely to increase “demand”.

According to a study by the Zweirad-Industrie-Verband (ZIV), the sale of bicycles rose by 17 percent last year, which is largely due to the 43 percent increase in e-bikes sold (totaling two million).

What are the best e-bikes in 2021? How much does a good e-bike cost? Why are they so expensive and why are they so cheap? EFAHRER.com answers these and many other questions in this article.

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