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The result was that NH insurance rates skyrocketed as everyone living in NH was paying for out of state accidents and thefts of those who tried to cheat the system
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I went to college in Worcester, MA. My auto insurance went down about 3% when I changed the "garage" location from Laconia to Worcester, even though Worcester is much higher on the risk scale. Out of curiosity, I asked the insurance agent (not that I was complaining, mind you) why it wasn't higher in Worcester. His answer was that MA requires all drivers to have insurance, whereas NH does not, so there's a greater risk your own insurance would have to cover damages and liability for accidents where you are not even at fault.