I have insurance for me & the bicycle. Cost is about $100 per year. However the cost of "licensed and pay a yearly fee" is far exceeded by the cost of collection. In an ideal ttpete world every newborn would be stamped with an id front back and sides so you can tell who they are - walking, standing, riding or driving. Across your forhead would be a good start. And every year you 'd pay for roads, footpaths, national parks, forests, playgrounds etc (I think that is called taxes.. but I could be wrong) . You first ttpete. For the stamping.