What State do you live in? That has an effect on premiums. I pay less than you do annually and I have full coverage on my Rocket, Speed Triple, Thruxton R, and Bobber, and comp. coverage on my T-120 and Thunderbird. My TOTAL for all those bikes is less than what you're paying just for the Rocket. I live in Texas tho. And I'm with Progressive too. I did drop their home owners policy on my house when their premiums went from $3K to over $7K/year however.