Community Forums

MtManLee · 02-05-2009, 06:26 AM

I have been thinking on changing my residence. Only thing holding me up is being tax exempt due to being a veteran. Hers is what it amounts to. We pay 12 dollars for registration of our RV it would be 1500 more if I were not a veteran for yearly taxes. Ok savings 1500. When we file yearly taxes we pay 400+ for state taxes on income. So I am still saving 1100 give or take.
Also would vehicle insurance go down any? It would probably go up in Florida from all that I have heard. I pay 1100 a month now with allstate and I am getting ready to change to GMAC for 800 a month.
What does one pay in those other states that have no income tax?
Would I save any more by changing or am I money ahead already?

Hitchhiker · 02-05-2009, 08:12 AM

Quote:

pay 1100 a month now with allstate and I am getting ready to change to GMAC for 800 a month.

Seems high, you might want to get a quote from these folks, I use them for my fifth wheel and it's only $452 per year. I realize a MH is more but $1100 a month seems excessively high to me. That works out to $13,200 a year.

AFChap · 02-05-2009, 08:22 AM

Insurance cost varies a great deal depending on your driving record and credit rating, among other things. I have an '03 motorhome, 40' diesel, licensed in Polk County TX. Last year registration cost was $202. Fulltimer full-coverage insurance through Explorer RV is apx $1,400 a year. Texas does have some tax and other benefits for veterans, but you must be rated 50% or higher disabled as I recall. Something else to consider, on your federal income tax you can deduct either your state income tax paid OR sales tax paid based on your address and income, so even though there is no state income tax, you still get a federal deduction for state taxes paid if you itemize.

FlyingDiver · 02-05-2009, 08:55 AM

When I was shopping around for insurance for our MH, Allstate was so far out of line that I dropped them for all insurance. We got our (MH, toad, Umbrella) from FCIS agency. They placed us with Allied (division of Nationwide). I think we're paying about $3k per year for everything, which includes the full-timers coverage on the MH

joe

LindaH · 02-05-2009, 09:22 AM

Quote:

Originally posted by MtManLee:
I pay 1100 a month now with allstate and I am getting ready to change to GMAC for 800 a month.

A MONTH???!!!

Are you sure those insurance figures aren't annual figures, or at least the premium for 6 months?

dieselclacker · 02-05-2009, 03:47 PM

$1100 a month!! Aye, Chihuahua!!

Dieselclacker

MtManLee · 02-06-2009, 01:31 PM

Oops it is 1100 a year. My error. And the GMAC was 845 a year.

paz · 02-06-2009, 02:04 PM

AFChap is right - insurance costs can vary greatly from person to person and from state to state. For us, SD vehicle insurance was about $800 a year less than Texas for the exact same coverage. Because of the low population in SD, there aren't as many accidents, so vehicle insurance costs are very low.

SD also only charges 3% tax on vehicle purchases, while I think Texas sales tax is at least 6% (some counties may charge more). This might be significant if you're thinking of purchasing a new vehicle in the near future. SD also does not have vehicle inspections.

Health insurance wasn't an issue for us because we have employer-subsidized health insurance that is good all over the country. However, for those not yet eligible for Medicare who don't have employer-subsidized of military insurance, health insurance costs might be a big deal.

MikeandClaudia · 02-06-2009, 08:24 PM

My insurance in Texas on my motorhome runs $ 1,400 per YEAR.

My toad, a 2006 GMC Envoy is a little over
$ 600 per YEAR.

That is in Randall County Texas.

BookIIRoadtrash · 02-06-2009, 08:26 PM

What ever you do decide there are trade offs for no state income tax vrs. income tax. Make sure to read the fine,fine points of any Companies insurance . Each state has different state laws that the insurance companies follow. For example South Dakota doesn’t require insurance companies to cover a multiple collision, By a multiple I am referring to this, say you back you’re motor home into you’re toad. They are both covered but both will use a deductible instead of one deductible for the motor home and the toad at 100% . Book2

MtManLee · 02-07-2009, 06:18 AM

Thanks for that information. I guess I will hang tuff for now.

Greyhound · 02-07-2009, 03:49 PM

We started in Texas when we went full time eight years ago, then moved to New Mexico, big mistake and now we are in South Dakota. Major reason for SD was the sales tax when purchasing a new rig. Texas was 6%, SD 3%. License fees about the same, however if you go to SD, check the county to see if there is a wheel tax. We are in Pennington County (Rapid City) and no wheel tax. Insurance is about the same, yet as others mentioned, depends on a number of variables.
Hope this provides additional "food for thought"
Bob

WldKargo · 03-18-2009, 04:57 PM

Check on other items such as health care insurance (availability and cost); vehicle registration and taxes; vehicle insurance; and anything else you can think of.

In our case, the medical coverage costs for SD are higher. YMMV.

Cheers,

alan1 · 04-29-2009, 03:10 PM

You may need to check your states status of the feds Real ID Act. I use SD and as of 1/1/2010 I must show a utility bill or something showing I actually live there. PMB number will not work any more. I may need to rent an Apt. for a month and get elect. hooked up and get a bill or something. I don't know how that 16 year old will get his first license and examples go on and on.