It all comes down to what you are comfortable with, for me it was $9 a month for the next 5 1/2 yrs, including towing.

So far the only time in my lifetime I have used an extended warranty was with a Toyota which broke down with issues right at the 99000 mile mark, 1000 miles before expiration of the warranty, cost of repairs $1000, I paid $450 for the policy and used it for 6 yrs.

And although I buy in the belief that Honda, and many other Japanese bikes are reliable, stuff happens and will happen eventually