A simple model was constructed to study the effect of peak-locking on the accuracy of particle image velocimetry (PIV) turbulence statistics. A crucial parameter is the ratio between the root-mean-square (rms) velocity and the discretization velocity, which reflects the number of peaks distributed over the velocity probability density functions. When the ratio of the discretization velocity, which is set by the PIV setup parameters, to the rms, given by the flow, is larger than two, the maximum errors introduced in the mean and rms values become significant ( larger than 1%). The errors introduced also depend on the amplitude, or severity, of the peak-locking, and whether the mean displacement corresponds to an integer or a fractional number of pixels. The peak-locking affects the statistical moments of different order in such a way that the errors are phase shifted. The proposed model can be used to predict errors in the turbulence statistics in a laboratory PIV experiment. According to our model predictions, the most significant influence of peak-locking in a boundary layer type of flow is an overall underestimation of the wall-normal rms. Our predictions are in good agreement with our experimental results from turbulent boundary layers and the recent experimental results from a turbulent channel flow by Christensen (Exp Fluids 36: 484 - 497, 2004) for a case of moderate peak-locking.