One primary reason for the recent jump in sales is fuel economy. Gas prices have hit record high levels in the U.S., and motorcycles are incredibly fuel efficient. Some models can reach upwards of 150 miles per gallon, making them ideal vehicles to combat record-high fuel prices.

But what most people don't realize is that motorcycles are becoming a major target of auto thieves. If you operate a motorcycle or are planning to buy one, it is crucial that you protect yourself against motorcycle theft by knowing the facts and taking preventive measures to prevent loss.

Motorcycle Thefts

Over 70,000 motorcycles were stolen in 2006, resulting in over $400 million in losses to motorcycle owners and insurance providers nationwide (III). That number was comparable to the 71,000 stolen the year before in 2005.

Supersport model motorcycles have the highest theft frequency of any model at 31.8 claims per insured year, according to the Insurance Institute for Highway Safety (IIHS). They are 7 times more likely to be stolen compared to other types of bikes. With national recovery rates hovering below 30%, it's likely that a stolen bike will never be seen again, so make sure you keep your bike well-protected at all times.

Motorcycle Insurance

Motorcycles are not covered by a standard auto insurance policy. If you own a motorcycle, it must be insured with a separate motorcycle insurance policy. Like auto insurance policies, motorcycle insurance can cover liability, no-fault personal injury protection, and comprehensive and collision coverage. These options vary with each policy, so choose your options wisely to ensure you have an adequate amount of coverage.

How Much Will Insurance Cost?

The cost to insure your motorcycle will likely be far less than that of most passenger vehicles, sometimes less than half. The rate you pay for insurance will depend on many factors. Your motorcycle's engine size, its model year, and the frequency you ride will determine your insurance rate. Some companies offer a discount to riders who have completed a motorcycle safety course, so be sure to check with your insurance agent when purchasing a policy.