Actually I just did a quote through an on-line place a few weeks back and that was the magic # that came up, but when I get ready to put insurance on the bike I will actually talk to an agent. It's funny though I have been with Farmers Insurance for 18 years, and they don't offer motorcycle insurance. I did insure my drift boat, I figure if I loose the boat in a set of rapids, I'm just going to walk away, or swim and hopefully get picked up by the next boat LOL