Here in Finland best you can do is 1% depreciation a month. So after two years you’ve lost 24% value of your bike if it’s stolen. That’s a significant amount of money on top of a deductible to cough up to replace a stolen bike. Considering the probability of having it stolen is far far higher than a car too…

I know people who have had 2-3 of these bikes stolen. I use mine for commute at the moment and that’s it.