529 is a community initiative supported by Sundays Bicycle Insurance. Learn more.
Cost of Bike Theft Calculator
How much does bike theft cost your community?
Impact on your community
Impacted cyclists
Property loss
Cost to your agency
Lost bike shop revenue
Lost tax revenue
$xxxx
Loss of cyclists
Fewer rides
529 Garage results
Number bikes saved
Value of bikes saved
Agency savings
529 Garage Subscription
Bike shop savings
Cyclists saved
Rides saved
Here's how we calculated the numbers. You can fine tune our calculations for your community below.
How we calculate the number of cyclists, bikes and rides
Population
% of people with bikes
Bikes per person
Rides per person per year
Total riders
Total bikes
Total rides
How we calculate number of stolen bikes
Number of bikes in your community
Reported theft rate
% of bike thefts that go unreported
Number of bikes reported stolen per year
Number of bikes stolen per year that go unreported
Total bikes stolen per year
Impacted cyclists
How we calculate property loss
Number of bikes stolen
Value of bike
Value of accessories (bells, lights, bags, etc.)
Value of a lock
Total
How we calculate agency cost
Number of bikes reported stolen
Number of unreported stolen bikes
Average salary of an officer
Number of hours to take a bike theft report
Hours to recover, process, store, dispose/return a bike
Percentage of bikes impounded
Total bikes impounded
Total annual agency hours
Total annual cost
How we calculate bike shop lost revenue
Impacted cyclists
Purchase price of replacement bike
Victims that stop cycling
Replacement bikes purchased on black market
Replacement bikes purchased at a bike shop
Total lost bike shop revenue
How we calculate 529 Garage impact
Reduction in bike theft
Theft report hours saved
Impound processing hours saved
Agency hourly rate
Total agency hours savings
Total agency savings
Sources
