Choosing a Home Base for Full Time RVers

Fulltime RV’ers tend to enjoy numerous advantages in Cullman, AL compared to the sizable house-bound population. As a full-time RV’er, you get the opportunity to travel and enjoy the sceneries, meet new and exciting friends, and relish new experiences. The most significant advantage of being a full-time RV’er is that you get to choose where you want to declare home. However, with a rigid legal system which assumes that people can only be stationary in their places of residence, selecting a home as a full-time RV’er is always a big challenge. Below are some factors you should consider when choosing your home base.

State Income Tax

This should be your number one consideration when selecting a home base. As a full-time RVer, you have some form of income. Some states will exempt tax on some types of income such as retirement income. However, the majority of state tax income in different states including Cullman, AL range between 3.0% and 13.3%. However, a no-income-tax state may cost you a bit higher when it comes to insurance premiums for your RV.

Consider Insurance

All the insurance including life, health, vehicle, and RV rates are usually based on your state of domicile. Insurance companies such as Insurance Solutions Inc. determine the insurance rates through complicated mathematical calculations based on many factors. All the insurance types can be adversely affected by the address you choose. Before you choose a state, be sure to compare the insurance rates and especially the health insurance rates.

Property Taxes and Vehicle Registration

Just like income tax, property tax tends to vary from state to state, and it can be an uphill task trying to compare the rates from different states. However, some states don’t charge personal property taxes. The personal property tax can be charged based on the value of your Recreational Vehicle or your tow vehicle.

Do you want to learn more about full-time RV’ing? Contact Insurance Solutions Inc. today for further details.