Yeah, Europe and UK seem to be cheaper for those things. While I was in Rome I paid €40 for the year, but stayed 2 months. At one time we could get insurance for our petrol car at $59 a month with minimal coverage, now it’s twice that.
That $50 is not all for the bike, I added supplemental coverage to pay for US healthcare in the event of an accident. I have full theft and damage, plus a balloon policy that pays out for medical, accidental death (for2 people). I think it was $120 for just the year on just e-bike, but an accident could cause my heath insurance to not cover due to it being a vehicle in motion accident.