I ride alot, three times a week. I live in Cali and I do mountain biking. That is why I have 3 types of insurance policies. One is my health insurance plan with BlueCross Blue Shield, then I have an heli-lift policy from CalStar and a stand-alone policy for my bike from Velosurance Bicycle Insurance . Only with these 3 policies I feel safe, well, not safe but protected from anything that may happen to me or my bike. For BCBS I pay $400 a month , for CalStar I pay 40$/year and for Velosurance I pay $120/year. The most expensive here of course is the health insurance but this one you have to have no matter what, cyclist you are or not, you never know when you might need it. Just like a helmet, you dont need it until you need it.