I went through three in a year last year lol. Had two stolen in 3 days (both Giants so not cheap) and then broke a cheaper one badly when I fell off it in October.
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Airsoft Forums UK
M_P
cavninja
Insurance?
M_P
Luckily I did on one of mine
Unrustle_Thine_Jimmies
No insurance IIRC apart from a 2 year plan thing from the retailer that ran out in december I think. Should have insured it fully in all fairness. Mine was a Cube 29er with some rock shox I jammed on to replace the dodgy SR suntour ones. Lovely ride quality. My brother's going to lend me his old racer for the time being so I can actually get to games and to town so It's not all doom and gloom. Still,there is some very expensive doom and gloom
Russe11
I use cheap bikes from ebay. usually really old small wheelers. No-one would steal an old Dawes Kingpin or Raleigh Twenty if it's parked near a shiney mountainbike 
Unrustle_Thine_Jimmies
I actually went the cheap bike route when I was in the last year of primary and in 1st year. First the deruillier bracket broke at least once a week and then the frame committed sepukku soon after. Never again,Halfords.
Russe11
That will happen with modern cheap bikes. Old quality bikes will just keep going and still only cost £50 or so.