Is there any nicer way to get around in the summer (assuming you're not in the middle of a beautiful summer storm) than to cruise around town on two wheels rather than four? The cool wind in your hair, the sun on your face, and the chance to actually appreciate everything that's going on around you rather than roaring past it in a blur while you try and get where you're going make bike travel an excellent alternative to actually spending more time in the car. But how safe are you when you're out on the highway? And is your car insurance coverage going to back you up if something bad does come along?
Since a bike cruises on wheels and definitely moves faster than the average pedestrian it's easy enough to make the mistake of thinking it bought to be covered under your car insurance policy. And you're not entirely wrong! Most car insurance companies do not consider a bike (the two wheeled, non-motorized variety, that is) to be a vehicle and therefore will not insure them under a vehicular insurance policy. The good news is, most homeowners insurance providers are a little more liberal.
Most people do not think about their homeowners insurance when they're thinking about their bikes, unless they've had to file a claim before. Unfortunately, about the only thing your car insurance policy is going to do for you when you're out on your bike is giving you someplace to turn if someone else hits you, since their liability insurance is going to be responsible. You may also find that your personal injury protection or medical payments portion of your car insurance will help cover your medical expenses if you're in an accident on your bike and other vehicles are involved, although your regular health insurance (if you have it) is likely going to serve just as well.
Your homeowners insurance is going to do a whole lot more if something happens involving your bike, since bicycles are considered to be personal possessions and there are eligible for coverage under the same terms that protect your sun room, personal computer and the eight tons of electronic equipment that your daughter took to college! If your bicycle is stolen your insurer will replace it at its current cash value, and your home's liability insurance may extend to cover you if cause caused an accident while cruising around the city streets.
But that varies from company to company, so you're going to want to check it out first.
The bottom line is that your car insurance is not going to do much to protect you while you're out on your bike. Your homeowners insurance will. Now it's just up to you to make the calls and find out what options are available the next time you decide to take the economic and ecologic high road and leave your car safely parked at home.