There is more than one type of insurance to consider. As a minimum, you need liability insurance to cover the cost of damage that you cause, such as crashing into the rear end of that new Tesla and finding you owe the owner about $60K or more. You also need insurance for your bike, i.e., collision and comprehensive unless you are willing to take the chance that if you damage your bike or it is stolen, or burned up, etc., you will have exactly nothing. If you are financing your bike you will probably be required by the lender to have full coverage on the bike. And finally, having medical coverage is critical, unless you have other medical insurance that will cover you in the event of a motorcycle accident. Twenty years ago I had a minor mechanical malfunction cause my bike to go down. My collision coverage reimbursed me in full for the value of the totaled bike. In the accident I broke some ribs, and suffered a punctured lung. In the course of having my lung cared for, I developed a severe infection which almost killed me. I went through a 9 hour surgery (a thoracotomy) and spent 31 days in intensive care in the hospital, followed by extensive post hospital care. My medical bills totaled over $350,000, and that was 20 years ago. If I had not had good medical insurance, I would have likely been in debt for the rest of my life to repay the cost of this incident alone. Get the coverage. Its worth the peace of mind.