In ‘insurance’ parlance, high risk auto insurance refers to those policies given to vehicles or people who are presumed to be at a higher risk of accidents, thefts and other such eventualities. Usually, sports cars and luxury cars are classified under this category. Naturally, the premium for such cars is much higher when compared to other cars. Apart from cars, it is also possible that individual drivers who have a track record that is not very clean, in terms of safe driving, may be asked to shell out a higher premium because they could be classified under the high risk category. However, the premium is not decided arbitrarily and there are quite a few things that are taken into account before such a decision is taken. As far as drivers falling in this category, it is quite normal for insurance companies to have a look at his/her age, general health condition, mileage driven, previous accident history and so on. However, in case of sports cars and luxury cars, the job is much easier because it would be easy to identify the model and classify it under the high risk category.
If you are from New Hampshire, you are certainly bound by the rules that govern auto insurance and hence, it would be expected of you to be in a position of understanding NH Insurance rules and regulations. In fact, not many of us would be aware of the fact that New Hampshire and Virginia are two states that do not have any obligatory auto and vehicle insurance laws. While in Virginia, a person has to pay some money to waive himself or herself off auto insurance requirement, in New Hampshire that requirement is also not present. However, in spite of such a lenient rule allowed by this particular state, it would be advisable to go in for some minimum auto insurance considering the overall safety of the vehicle, the person traveling in it and the third party persons who may suffer because of an accident.
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