Untrue, at least here.
My bike costs ~$125 for a YEAR, full coverage $250 deductible. Our 2 cars are about $175 per MONTH. You should double check that. I picked up my bike (81 Honda CX500) for $800, gets 50mpg and the insurance is dirt cheap.
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Steve
[link|http://www.ubuntulinux.org|Ubuntu]