Anyone have Nevada as their domicile?

[Schmick2016]

Pros or Cons?

[rockhillmanor]

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!

[2gypsies1]

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.

[GoPackGo]

Some have stated that getting health insurance in South Dakota is an issue.

[GoPackGo]

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.

[Clay_L]

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.

[lanerd]

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

[fulltimedaniel]

When I am asked the question about why I have South Dakota plates I tell people that to my mind what they should look for is the state with the LOWEST AUTO INSURANCE rates.

Florida is listed as the 8th most expensive state for Auto insurance

Nevada is number 28 most expensive state out of the 50 states

Texas is number 13 among the 50 states.

South Dakota is number 32 and they have the advantage of very low vehicle registration rates.

To my mind as being retired, since I control the flow of my "income" taxes are the least of my concern when picking a state.

State sales taxes are not high on my list of concerns either since I full time and buy stuff everywhere.

South Dakota also has what has got to be the easiest domicile and drivers licensing scheme of any state.

To my mind South Dakota fits the bill the best.

Dont get hung up on the tax issue. For most retirees it's not the main concern.

[garyemunson]

I retired here from Florida. Like the climate with the 4 seasons and the low humidity. If it snows, I just don't go to work that day...Oh, wait, I don't work anymore! No bugs! Pets rarely get fleas. Lots of sunshine. Housing is expensive but as long as you can afford it, it's like money in the bank. Excellent medical services. Recreational opportunities are unmatched. No state income tax! Fruits and veggies are top shelf as they come 'over the hill' from Sacramento. Eating out is cheap (once you learn where to go!). Utilities are below average in costs. Reno area traffic is tolerable (and avoidable). Earthquake potential but no hurricanes or significant tornadoes. Storms will only worsen in most parts of the country. The Sierra front shields Reno area from bad weather. Emission testing is dependant on what town you are in. Only the Vegas and Reno metropolitan areas have it. Being mechanically inclined, that's never been an issue for me, I make sure my stuff runs right.

[rockhillmanor]

X2. No real benefit in that state.

Also make sure the state you pick does NOT have 'emission testing' for vehicles or you will be schlepping back and forth to get tested to get your plates renewed for both the car and RV.

I left my domicile in the state I used to live in, bad move on my part. Because I did that I had to go back for emissions for several years. It was a real pina. 😞

[dons2346]

Expensive

[Captain_Happy]

You'd be better off with Texas, or Florida, everything in Nevada is higher.