Ya i just pay about 200 dollars per YEAR for liability from progressive. I live near chicago, IL. If you finance the bike though, you will have to take the full coverage which will obviously cost LOT more. Also in colder states, anytime from now until march is the best time to purchase the bike coz they are cheaper during off season when their business is down. If you buy a brand new bike, besides the tax they will also charge you a 'prep fee' which is usually around 500 bucks. And also i wouldn't recommend going for bikes  more than 600 cc. Trust me 600 is powerful enough. Keep in mind that all the bikes use Premium gas.