Coverage insurance? I've been checking rates for a Yamaha V-Star 1100 and without collision and other than collision it's very cheap, $140/year. But if I add the collision and other than collision (i guess it would be comprehensive also) it skyrockets to $114/month, and that's with a $1000 deductible!!.

I was wondering if the banks usually require you to have collision and comprehensive.
Thank You for all answers, suggestions, and comments.

What if the bike gets stolen? You still owe the money to the bank. Yes, full coverage is usually required.