Anyone here insure their bike? is it worth it?

The quotes I'm getting come out at 10% of its new value over a year, which to me seems quite high for just theft insurance. Its new value is getting on for £3000 I think now, and I do worry about something happening to it, but at the same time I  don't want to be shelling out all that money when I've never had a bike stolen before.

Opinions guys

Marks and Spencer household insurance covers individual items up to 4 grand, but it's 57 quid a month and they've got a string of stipulations about security. I'm just about to dump M&S for a bog standard home deal and separate bike insurance. Expensive but worth it. Looking at about 250 quid a year for a bike in the 3 grand region.
You'd spend that much on a car, and not think twice about insuring it. Not that you get a choice.

Weird, my policy is 13quid a month and states nothing whatsoever about security...

My home contents insurance will only cover upto £1000, and they ran a mile when I told them they were custom built.

If you're a member of the BC the insurance is cheaper.  For one bike of £3000 it's £298pa, which is theft, loss and accidental damage.  Accidental damage is well worth having covered if you write-off a £1k frame in a crash (I claimed £600 off bike insurance when a wrote off my first expensive bike's frame and forks in a crash within 2 months!).  There are additions available too.  If you go the whole hog, £357 gets you all the above including use in racing plus cover within the EU for 90 days per year.

It's a pain in the arse when you have to pay insurance, especially if you never claim from it.  I couldn't afford to replace my bikes if the went missing (oh yeah, there's a multibike discount upto 15% with BC too) but the insurance payments are a bit more manageable.

Smithy