Claims rejected as a bike is stolen every
    minute

A bicycle is stolen in the UK every 65 seconds, according to Halifax Home Insurance, at an average estimated cost to the victim of £337. But much of this crime goes unreported to the police as people believe it is unlikely to be investigated.

But failing to report the theft can invalidate any subsequent insurance claim.

London is identified as the worst area for bike crime, followed by Reading, Bristol, Gloucester and Oxford. To avoid falling victim, the Halifax suggests fitting a u-type lock to an unattended cycle.