Among my many ponderings about cycling and bike commuting, one topic that bugs me on a semi-annual basis is why I am not eligible to get a lower auto insurance rate for commuting to/from work so often by bicycle? In calendar year 2013, I bike commuted 73 times to work or 33% of the time, while in 2012 my bike commutes accounted for 40% (or 87) of my work commutes. Given the greatly reduced time, mileage, and wear/tear on the car as a result of bicycling to and from work, why don’t I qualify for some sort of discount from my auto insurer? Yes, I have asked them in the past.
The same holds true for health insurance. Shouldn’t those of us who practice a healthier lifestyle be rewarded with lower rates or some sort of discount? It would be one thing to only ride now and then to work, but when it equates to 20 percent or more of your total commutes, there should be an “x” factor built into the actuarial tables which rewards those who cycle to and fro. Granted, some type of substantive proof would be necessary, but a notarized document from an employer could suffice. The HR Department where I work certainly is aware of my bike commuting.
It seems to me, if there were a 5% or 10% discount on auto insurance rates for being a consistent bike commuter, overall ridership and safety produced from the corresponding increase in cyclists would be beneficial to all. Growth in ridership would also contribute to improved health and fitness in the community, which should drive down health care expenditures, which should (in a perfect world) lead to lower health insurance rates.
There may be some examples of discounts already being offered here and there around the country, but it is hardly universal and certainly is not marketed extensively like good driver, good student, multi-policy, and other available discounts. To me, it is long past time for the insurance industry to shift gears and start pedaling some innovative and new ideas for those of us in the cycling community. If it does not embrace such an approach, then perhaps state regulators should consider requiring such an option be made available.