Another one bites the dust.
Every single person that has to finance the $3k bike will have to have full coverage, or anyone that can't afford to replace the $3k on their own if they total the bike or it's stolen?but is anyone actually gonna bother with full coverage on a 3k bike? i would think that after the deductible it wouldn't even make sense to file a claim most of the time
most of the motorcycle financing i've seen is credit card based and doesn't require full coverage. the premium difference will be huge between liability and collision (think like 5-600 a year). So after the ~500 deductible, you would basically be buying a new one every 3 years in premium... then add on the insurance hit any time you report an accident (both to the bike insurance AND the car insurance since an accident is an accident). So i doubt it would be worth carrying the collision coverage