REALITY CHECH TIME: I insure motorcyclist for my living so excuse me for being blunt and insensitive here.
Because of the fact that most modern sportbikes have a power-to-weight ratio that out-strips passenger vehicles you can truly say that the motorcycle industry is digging their own grave. I have watched for the last six years as EVERY manufacturer tries to go for the gold in the horsepower war.
Because of this and the fact that MOST of the a$$es on sportbikes have neither the experience or the brains to ride these bikes they crash.
Tell me this: If you are one of the fortunate to pay reasonable rates on you sportbike (say under $1000 annually) and you wreck and the bike becomes a total loss (say $9500) then where does the money come from? All you have invested is the grand. Now multiply that by say 5000 customers. The insurance company is making $5,000,000 on coverage but they pay out $47,500,000. Think it's still possible that they AREN'T losing money?
Motorcycle insurance is a "loss-leader". For those unfamiliar- They know that they will lose money selling the coverage. The companies are looking at it like this: if an agent can keep his loss raitio under 70% of the written premium then they can sell. I sell $650,000 annually in motorcycle coverage and the company is hoping that if I can keep the losses down to 70% then they will make $195,000 in off my company annually. Take that money and split it up in commission (usually 15% for agents), customer service goons, managers, adjusters, and executives. Then suddenly you in the hole.
So, quityer*****in' as they say in the south. They will never make it illegal to own the bikes and put them on the road. But the insurance companies will Stop offering theft/fire/collision coverage on the bikes so they don't have to keep replacing them.
I've been telling you this stuff for three and a half years and you're still not listening.