Overview

• Insurers reported €160 million in damages from bicycle thefts in 2024, the highest level in two decades, despite a 7% drop in reported cases from 2023.
• The number of insured bicycle thefts has halved since 2005, but thieves are increasingly targeting expensive e-bikes, racing, and mountain bikes.
• The average value of a stolen bicycle rose to €1,190 in 2024, more than doubling from €500 a decade ago.
• Only about half of bicycle thefts are reported, and police clearance rates remain low at approximately 10%, highlighting enforcement challenges.
• Owners of high-value bicycles are adopting better locks and security measures, contributing to the long-term decline in theft numbers.