I have just a little over 3 grand in my Xtracycle/commuter/utility/pleasure/winter/motor vehicle replacement ride. I also have and sometimes use three different locks,(when I am in a area that I feel is sketchy), in such a manner that a thief would have to defeat all three locks separately, Most of the time in the area where I roll I can just free-lock it (U-lock through front wheel and frame). It doesn't hurt that my bike weighs about 112 pounds, so not many people are willing and/or able to carry it very far.