Bicycle Insurance

Cover for your bicycle valued up to $30,000

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About Bicycle Insurance

No matter whether you’re a commuter, a racer or a recreational rider, if you love your bike, Real Bike Insurance is for you.

We’re run by bike enthusiasts, for bike enthusiasts. With cover from Hollard – APRA regulated Australian Insurer, you’ll know you and your bike are in safe hands.

Standard home and contents insurance may not cover your bicycle when you’re on the road. That’s why Real Insurance is an essential piece of kit for every cyclist.

At Real Bike we’ve developed two bicycle insurance products to meet your riding needs.

Real Bike’s Leisure product is perfect for those who commute and/or enjoy weekend rides. It offers basic cover for bicycles of up to $3,000.00 in value. Real Bike’s Sport product is for bicycles valued from $1,000.00 up to $30,000.00. If offers more comprehensive cover including damage sustained whilst racing

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For full details, download our Product Disclosure Statement.

Features & Benefits

  • Accidental damage sustained when used for commuting, training and recreational use
  • Theft when away from home
  • Theft from inside a locked vehicle
  • Transit damage/loss (commercial airlines) – Australia wide
  • Accidental damage sustained when used for commuting, training, recreational and racing use
  • Cover for accessories and add-ons
  • Cover for custom parts
  • Cover for extra wheels
  • Theft from inside a locked vehicle
  • Transit damage/loss (commercial airlines) – Australia wide
  • Personal accident cover up to $1,000 for costs if you’re injured while riding
  • Road hazard wheel damage
  • Damage whilst attached to motor vehicle mounted bicycle rack
  • Optional worldwide cover

General Insurance Code of Practice Subscriber

To make sure you receive the highest standard of service when taking out cover, we comply with the General Insurance Code of Practice.

Award Winning Insurer

At Real Insurance we pride ourselves on providing the best service and value for our customers

  • Gold Trusted Service Award 2019, 2018, 2017
    – Feefo
  • Gold Quality Service Award 2019
    – Reader’s Digest
  • Exceptional Value Car Insurance Award 2019, 2018
    – Mozo
  • Customer Satisfaction Award 2017, 2015, 2013, 2012
    – Roy Morgan

Ready to get covered?

Call us Call 13 19 48

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Make a Bike Insurance Claim

As bicycle riders ourselves, we know how stressful it is if your bicycle is damaged or stolen or you have an accident. That’s why we’ve made our claims process as simple and straightforward as possible.

Optional Extras


Extend your protection by including optional extras, available for bicycle.

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Find out why our customers are happy to use Real Insurance for their bike insurance needs.

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Ready to get covered?

Call us Call 13 19 48

Other Commonly Asked Questions

Am I covered if I lend my bike to another person?

Yes, if they follow the terms and conditions of the RealBike Insurance Product Disclosure Statement.

Am I covered while travelling overseas with my bicycle?

With RealBike Insurance, your bicycle is covered while you are travelling anywhere in Australia and New Zealand. For trips anywhere else in the world, you need to let us know where you’re taking your bicycle, and we must confirm your cover in writing.

Are there any specific security requirements if I transport or store my bicycle?

Yes. To make sure you’re covered under RealBike Insurance, here are the main security requirements for storing and transporting your bike.

At your home:

  • You must ensure that when your bicycle is left inside your home that your home is securely locked whenever there is no one at home
  • If your bicycle is left in an outbuilding (such as your garage) or any other fully enclosed building with walls and a roof, these buildings must be securely locked. If you make a claim, you will need to provide evidence of forcible and violent entry to these buildings
  • If your bicycle is left anywhere else on your property, it must be securely locked through the frame of your bicycle to an immovable object with an approved lock

Away from your home:

If your bicycle is left unattended while away from your home, it must be securely locked through the frame of the bicycle to an immovable object with an approved lock. See What are approved locks?

While your bicycle is being transported:

  • If your bicycle is left unattended while it is in, or attached to, any motor vehicle (including while it is in transit) it must be securely locked through the frame of the bicycle to a properly fixed vehicle bicycle rack with an approved lock, or 
  • Locked in an enclosed boot that is not accessible by removing any partition or breaking a window

For more information on security requirements, please see the Product Disclosure Statement.

Can I add or make changes to the policy at any time?

Definitely! Just call us on 13 19 48 or email

Please be aware that certain additions may affect your bike insurance premium.

Refunds are payable for cancellations. The refund amount is calculated on a pro rata basis less an administration fee.

Do I need proof of ownership?

Yes, you do need to provide proof of ownership. Your bicycle is covered as soon as your bike insurance policy starts if you purchased the bicycle new in the preceding 30 days (you will need to send us proof of purchase within 14 days of buying this policy).

If your bicycle is older than 30 days, you will need to have your local bicycle shop complete and sign the ownership verification section on your cover note, and then fax this to us before we can start your cover. Please note that we cannot cover you until we receive your proof of ownership.

If you would prefer to complete the proof of ownership before purchasing your policy, please print out a blank Proof of Ownership Form and send it to us once completed.

Please read and consider the relevant Product Disclosure Statement (PDS) and Insurance Policy wording in light of your personal circumstances, prior to making any decision to acquire the product.