Cyclists Life Insurance Rates (2021)
Cycling regularly is a healthy lifestyle habit that can lead to cheaper life insurance premiums. The average monthly cost of life insurance for cyclists is $24.64 at the standard rate. However, many avid cyclists qualify for the preferred and preferred plus rating tiers, leading to even better rates. Ultimately, life insurance quotes for cyclists vary based on your overall medical history, age, gender, and other lifestyle choices.
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UPDATED: Apr 12, 2021
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- On average, life insurance for cyclists costs $24.64 per month at the standard rating tier
- Many cyclists qualify for the preferred or preferred plus rating tier because cycling leads to better overall health
- Age, medical history, and other lifestyle habits also impact life insurance quotes for cyclists
Cycling regularly leads to better overall health. Therefore life insurance for cyclists can cost less than average.
Keep reading to learn how much cyclists pay for life insurance on average, what policy options are available to you, and discover how you can secure the most affordable life insurance quotes for cyclists.
Find the best life insurance company for cyclists in your area by entering your ZIP code into our free quote tool above.
What are the life insurance rates for cyclists?
When applying for life insurance coverage, you’re often subject to a medical exam or questionnaire. A life insurance underwriter places you into a rating tier based on your examination.
Those in average health with few medical concerns are placed in the standard category and pay what is known as the base rate.
However, people who cycle regularly usually are in better than average health.
Therefore, cyclists often secure standard plus, preferred, or even preferred plus premiums, all of which are slightly cheaper than the standard rate.
We’ve compiled a list of the average monthly rates a healthy 35-year-old of any gender pays for a 20-year term policy with a $500,000 death benefit at the relevant rating tiers for cyclists.
Check it out in the table below.
|Rating Tier||Average Monthly Life Insurance Rates for Cyclists|
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Assuming you’re in good overall health and do not smoke, you’ll have an easy time securing affordable life insurance for cyclists.
On the other hand, cycling insurance protects you from accidents while biking and is separate and different from life insurance.
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What is the best life insurance policy for cyclists?
If you cycle regularly, you can usually qualify for any traditional life insurance. The best types of policies include whole and term policies.
Term life insurance quotes are more affordable but only last a set number of years.
You must renew the policy after the term ends, and your updated rate will reflect your age and any new health conditions.
Whole life insurance lasts the duration of your lifetime, as long as you pay the premiums. This type of coverage can be more expensive.
Whatever policy you choose, be sure you also compare life insurance rates for cyclists online from multiple providers to secure your lowest possible prices.
Why does cycling impact your life insurance rates?
Life insurance underwriters evaluate your health and lifestyle habits to determine how risky you are to insure.
Fortunately, cycling is a very healthy activity. Statistically, people who cycle regularly experience fewer medical issues than those who don’t.
Studies show that cycling improves your overall cardiovascular health.
Biking can reduce your risk of having a heart attack, developing type 2 diabetes, or suffering from hypertension. All of these conditions make qualifying for life insurance difficult, if not impossible.
However, biking has some risks, especially if you go on public roads. According to the Centers for Disease Control and Prevention (CDC), over 1,000 cyclists died, and almost 467,000 people were injured.
To reduce your risks while cycling on the streets, always wear a helmet, invest in fluorescent and retro-reflective clothing, and install lights on the front and back of your bicycle.
Technically, cycling does not guarantee standard plus, preferred, or preferred plus life insurance rates.
However, the byproduct of cycling regularly helps increase your chances.
Life Insurance for Cyclists: The Bottom Line
Overall, life insurance quotes for cyclists tend to be cheaper than average because cycling improves your overall health.
Healthier individuals have an easier time securing the best life insurance premiums.
You can compare and buy life insurance for cyclists right now by entering your ZIP code into our free quote tool below.