Bike theft figures highlight importance of insurance

A new survey has found that almost a quarter of student cyclists at UK universities have been a victim of bike theft.

The survey, carried out by M&S home insurance, found that 22% of student cyclists had had a bike stolen, while 14% had been burgled while at university.

Despite this, only 16% of students responding to the survey had taken out insurance to cover their possessions while living in student accommodation. M&S added that many students would not need to do this, however, as they may be covered by their parents` own insurance policies.

An insurance expert for Think Money said: "Finding the right insurance deal isn`t just about finding the very lowest price - it`s also about ensuring that the policy covers everything required.

"Searching for the right deal can be time-consuming, so people looking for an insurance policy could benefit from speaking with an expert insurance adviser."