in addition, think about where you keep the bike at night. im in the chicago area as well, and before i even got to giving them my personal and bike info, they wanted to know if it was going to be kept in a garage, or some other type of shelter. insurance companies see motorcycles as a far bigger risk to insurance for theft, and of course accident reasons. insurance basics (good driving record, married, over 25).
other than that, just know its probably a lot cheaper to pay a few extra bucks and have it covered in the event of theft or accident, then not having it all.