Throughout the USA, 70,613 motorcycles were stolen in 2005 which is a slight decrease from the 71,108 stolen in 2004. This represents a loss of over $434 million to motorcycle owners and the insurance industry.
Motorcyclists often lavish great attention on their rides, from elaborate paint schemes and chromed parts to specialized frames and high- performance engines and exhaust systems. It's not uncommon for a motorcycle's base price to exceed $20,000 with aftermarket parts adding thousands of dollars more to the original cost.
With recovery rates typically in the 25-30% range nationally, motorcycle owners need to take every precaution in protecting their investments.