Anyone have Nevada as their domicile?
Pros or Cons?
Forum Discussion
- We lived in NV and vehicle registration is high. All the mail forwarding services in SD are great, different levels of service. We have used My Home Address in Emery for 10 years, always helpful and friendly. Reasonable cost. Tell them Jan Wooley sent you. Call several and ask what services they offer, we like the small town friendly feel of My Home Address
- Thank you all for your input. It looks like SD is our best bet. I checked and my health insurance is available in SD. We will be on a fixed income and taxes is an issue.
GoPackGo wrote:
lanerd wrote:
I never thought about the insurance angle. Am I correct to assume that what ever state your domicile, vehicle registration and driver's license is.... that you also have to have insurance from that state?
I have a friend who lives in MO but spends his time mostly in California as a camp host and will be selling his house in MO and looking to SD for his domicile, registration and license.
Ron
Addressing your first paragraph.
You do not have to BUY insurance from an insurance company in your domicile state. My domicile state is Florida and I buy my insurance from Miller Insurance (Independent Agency) in Oregon - I ended up going with National Interstate. I have my Florida address on everything - DL, registration, etc.
The actual insurance company (GEICO, Progressive, National Interstate, etc) decides where they will write insurance policies (Florida, Ohio, Texas, etc).
I have also been told that even moving into a different county in the same state can have an effect on what you pay for auto insurance.
What you say may be true in some instances in some states. Insurance regulations differ from state to state.
But no matter where you write the check you will find they have set the premiums based on your home address (state) so it doesnt do you any good. When you call an 800 number of lets say Nationwide to get insurance you may be talking to someone physically in New Jersey. Your credit card transaction will be done in NV or SD. But they can ONLY write the Policy with a company licensed to do business in your home (domicile) state. And that policy will reflect the prices set for that state.GoPackGo wrote:
You do not have to BUY insurance from an insurance company in your domicile state. My domicile state is Florida and I buy my insurance from Miller Insurance (Independent Agency) in Oregon - I ended up going with National Interstate. I have my Florida address on everything - DL, registration, etc.
The actual insurance company (GEICO, Progressive, National Interstate, etc) decides where they will write insurance policies (Florida, Ohio, Texas, etc).
I have also been told that even moving into a different county in the same state can have an effect on what you pay for auto insurance.
My home town insurance company told me I would HAVE to get a 'Florida agent' to keep my insurance and write my new policy as Florida has very different requirements.
That said, regarding checking costs when choosing your domicile. My insurance doubled from Wisconsin to Florida. Florida aint' cheap in the car insurance arena.
But if you buy property down here all the deductions you utilize to reduce your real estate property taxes is priceless!GoPackGo wrote:
You do not have to BUY insurance from an insurance company in your domicile state. My domicile state is Florida and I buy my insurance from Miller Insurance (Independent Agency) in Oregon - I ended up going with National Interstate. I have my Florida address on everything - DL, registration, etc.
The actual insurance company (GEICO, Progressive, National Interstate, etc) decides where they will write insurance policies (Florida, Ohio, Texas, etc).
I have also been told that even moving into a different county in the same state can have an effect on what you pay for auto insurance.
We also used Miller for 20 years or so who is based in Oregon. However, our policies were associated with our Texas address.- Some have stated that getting health insurance in South Dakota is an issue.
lanerd wrote:
I never thought about the insurance angle. Am I correct to assume that what ever state your domicile, vehicle registration and driver's license is.... that you also have to have insurance from that state?
I have a friend who lives in MO but spends his time mostly in California as a camp host and will be selling his house in MO and looking to SD for his domicile, registration and license.
Ron
Addressing your first paragraph.
You do not have to BUY insurance from an insurance company in your domicile state. My domicile state is Florida and I buy my insurance from Miller Insurance (Independent Agency) in Oregon - I ended up going with National Interstate. I have my Florida address on everything - DL, registration, etc.
The actual insurance company (GEICO, Progressive, National Interstate, etc) decides where they will write insurance policies (Florida, Ohio, Texas, etc).
I have also been told that even moving into a different county in the same state can have an effect on what you pay for auto insurance.- TX, SD, and FL are the three most popular domicile states for full timers for good reasons. They are the most friendly to full timer states and make it easy to use them. They allow you to use the street address of your mail forwarding service as your domicile address on your drivers licenses and vehicle registrations. They will excuse you from jury duty or remove you from the rolls (SD). They have no state income tax. SD has no inspection sticker and TX doesn't require you to renew your sticker until you come back to the state.
There is some good info on SD HERE We used them for mail forwarding for 11 years with good results. - I never thought about the insurance angle. Am I correct to assume that what ever state your domicile, vehicle registration and driver's license is.... that you also have to have insurance from that state?
I have a friend who lives in MO but spends his time mostly in California as a camp host and will be selling his house in MO and looking to SD for his domicile, registration and license.
Ron
