ACT highlights overall cost of bike thefts totals £2.4bn

In the past year, fewer bicycle thefts were reported.

ACT highlights overall cost of bike thefts totals £2.4bn

The ACT has recently shared news that 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. According to new research from Novuna Personal Finance, this brings the total estimated cost of thefts to £2.4 billion. 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 t…

Insurance companies paid 160 million euros last year for stolen bicycles – ten million more than 2023. Nevertheless, fewer thefts were reported, as the insurance industry says.

The number of registered bicycle thefts has decreased in 2024 – but the financial damage has risen to record levels. According to insurers, there is a change in the tactics of the perpetrators. How can they be deterred?

Last year, fewer bicycle thefts were reported, but according to insurers, the damage is as high as never before. Thieves have changed their strategy. How can they be deterred?