In reply to LastBoyScout:
Thanks everybody will keep searching for the best deal. My home insurance (which we only renewed a couple of months ago) only covers up to £1000 for an individual item and the bike cost 3.5K. I was given a company to contact (cycleplan.co.uk) from the shop I bought the bike from, which was giving a 20% discount on the first years premium . But it was still nearly £200.
Seems excessive when my car insurance is not much more, fully comprehensive.
Thanks