May be you will not pay directly but if couple of stolen or vandalized or whatever bikes are reported from the same region, eventually the insurance for that area will go up. Just try to put yourself in place of insurance policy makers. Would you do a not profitable business? Exactly, so this is why I prefer to pay as little as I legally can and never ask for money from them. If you not paying by increase in you insurance rates it only means we all are paying by increase of basic rate. The insurance system over lived its initial purposes and became a client swallowing shark. I leaved in Connecticut for some time. There you can choose for how much you want to insure your bike and/or car. The minimal some is $25K, which I did and was paying $24.30/ month as a new rider. The law there says that driving is a privilege and if you caused a bigger damage than you insured for you have to pay from your own pocket. It case you fail, government pays, but you lose or license for live. This system is working for them just fine and here it looks like government and insurance is the same machine designed to get as much money from you as possible without you taking an ax in your hand and go against them. How is it that you have to pay for $1 million liability when average accident in Toronto cost $40,000?
