Many bicycle riders in Kigali are voicing concerns over the rising cost of bicycle insurance, saying the premiums are almost equal to the price of an ordinary bike itself. The issue has left many daily riders, especially those who use bicycles for transport and delivery, feeling financially burdened.
According to local cyclists, most insurance companies in the city now charge between Rwf 80,000 and Rwf 120,000 per year, while a new ordinary bicycle costs around Rwf 100,000 to 150,000. Riders say the policy prices make it difficult for low-income earners who depend on bicycles for work and mobility.
“I use my bicycle every day to carry goods from Nyabugogo to Kacyiru. When the insurance agent told me I need to pay Rwf 100,000 per year, I was shocked. That’s almost the cost of buying another bicycle,” said Jean Bosco Nshimiyimana, a 35-year-old delivery rider in Gisozi.
Another cyclist, Claudine Mukandoli, who uses her bike to get to work, said the high rates discourage people from insuring their property.
“We understand insurance is important for safety and loss, but the price is just too high. Most of us would rather take the risk than pay that much,” she said.
Officials from one local insurance company, however, argue that the cost reflects the growing number of bicycle theft cases in Kigali and the need to cover damage or loss.
“We calculate premiums based on risk factors, and unfortunately, bicycle thefts have increased in some city areas,” explained a representative who preferred to remain unnamed.”
The City of Kigali has been encouraging sustainable transport, including cycling, to reduce traffic congestion and pollution. But for many riders, the high insurance rates are making this eco-friendly lifestyle difficult to maintain.
Cyclists are now urging the government and insurers to review the prices and create affordable options, especially for those who rely on bicycles for their daily income.
