Basically it's safe to copy the repository folder if the svn server is stopped. (source: https://groups.google.com/forum/?fromgroups#!topic/visualsvn/i_55khUBrys%5B1-25%5D )
So if you're allowed to stop the server, do it and just copy the repository, either with some script or a backup tool. Cobian Backup fits here nicely as it can stop and start services automatically, and it can do incremental backups so you're only backing up parts of repository that have changed recently (useful if the repository is large and you're backing up to remote location).
Example:
Add a backup task:
Set source to repository folder (e.g. C:\Repositories\
),
Add pre-backup event "STOP_SERVICE"
VisualSVN,
Add post-backup event, "START_SERVICE"
VisualSVN,
Set other options as needed. We've set up incremental backups including removal of old ones, backup schedule, destination, compression incl. archive splitting etc.
Profit!