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Laka suggest between 18 and 38 per month for a £4,500 bike, cover includes ebikes
Let me know if you want a referral code. Saves about £25 I think
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motoko
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Thank you for the screenshot.
For the business use I'd imagine it'd be closer to £38 than £18.
£38 x 12 = £456 which is the number I was quoted.They want to promote cycling, reduce congestion, improve air quality then they charge you more than a car for insurance.
Makes no sense but makes them money!
I will keep taking the risk and have no insurance against theft (I already have personal insurance via British Cycling and goods in transit with my business insurance).
Vince
I'd be interested in knowing how much your insurance is.
When I tried to get my Douze e-Cargo bike which was around £4,500 new, all insurance companies hit me with a £450 annual premium + £250 compulsory excess.
It is a mental amount as it is more than my car, motorbike and house insurance put together (all in Zone 2 London).
Fingers crossed, three years on, I still have my bike and I have saved £1,350 on insurance...