> no way would I spend more than a 2 or 3 hundred dollars on something that will get stolen within 3 years.
I'd neither, but a friend of mine did. He got his bike insured (replacement value), for a pretty reasonable amount, considering. And AFAIK most people with expensive bikes do, which is probably also the reason police is not too keen on acting.
Yes! Bike insurance is the way to go once you have a nice bike. I don't and carry a big lock. But I have friends with quality bikes (~1500 EUR) and they park at the train station with laughable locks because it's insured.
I'd neither, but a friend of mine did. He got his bike insured (replacement value), for a pretty reasonable amount, considering. And AFAIK most people with expensive bikes do, which is probably also the reason police is not too keen on acting.