I got to see the last 20 mins of a segment on 2 Wheel Tuesday on Spike TV. They were interviewing a former bike thief who now works for insurance companies assisting with theft issues. He stated that the preffered location to steal a bike was at an appartment complex. The second favorite location was hotels. They utilized 3-5 guys and a van. If the bike was locked to something they cut it. They then picked the entire bike up and placed it in a van. They even took orders for which bike a "customer" wanted. The price is $100 per 100 cc's. Hayabusa's were a flat $1,500. The most coveted bikes were sports bikes. They then obtained a salvage title from a junkyard and switched the vin's. The best defense according to the thief was, "out of sight, out of mind", ie. keep your bike inside a garage, house or enclosed storage. Also the favorite time to steal was between 2-3 am when everyone is normally sleeping. By the way the segment ended with an interview from Lojack. They have agreements with about half of the states and are now making their system for bikes.
What are you guys doing to protect your bike from theft?