Bike Insurance

I bought the Colnago for just over £200 and, to me, it seems that the best decision is to just spend £130 on a Kryptonite Fah D-lock and an Abus Granit X-PLus 1050, and hope that it doesn't get stolen. The bike will be worth more to me than to the insurance companies, so prevention would be better than recuperation considering the cost I got the bike for in the first place. Instead of sending £30 a month just incase, I could save the money and in a year have more than the bike cost me.

i fully agree with this. i use a minimum of 2 locks at all times - sometimes up to 4 (when i'm locking in conjunction with my girlfriend: we both have 2 locks)! i always try to use 2 different types of lock (e.g. cable and d-lock) and to make sure at least one of them is highly rated (i.e. costs about 80-150 quid). additionally, i try to always park near/under cctv if i can, i take my bike into shops with me wherever possible (e.g. stopping off to get some groceries on the way home) and i don't leave it outside overnight ever.

and, welcome to the forum :)