That's good to know. I'm hoping to need a policy next spring.
You need to find an honest insurance agent. MCCA is 90 a year for bikes, and about to go down in January. My new GTS300 HPE is 200/year through Hagerty. my 2005 GT200L was the same.
In Michigan we are very fortunate. We get to pay around $200/year to the Michigan Catastrophic Claims association for every insured vehicle. That's before any coverage. So even if you could get a Vespa policy for $200/year it would cost you $400.