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Old 08-29-2014, 08:28 PM
 
229 posts, read 405,238 times
Reputation: 140

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I was having a conversation with a co-worker the other day about how much we are paying for car insurance. We both live in zipcodes that are considered high risk and thus push up the monthly rate we would be spending on car insurance. (I live on Miami Beach, and he lives in Downtown Miami).

However he told me that he is able to lower his rate considerable by registering his car in Orlando. This guy has never lived in Orlando, mind you. Is this a legal loop hole worth exploiting and has anyone else done something similar in order to lower they're insurance rate? I wanna save some cash!

Thanks,
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Old 08-29-2014, 09:21 PM
 
Location: MA
1,622 posts, read 1,529,245 times
Reputation: 3019
I do that, but, I think if I get caught that isn't good.
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Old 08-29-2014, 09:23 PM
 
8,517 posts, read 12,284,848 times
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I have wanted to do that for the longest,as i live in Nj,the state with the highest car insurance.
High as in $300 monthly even though i never had an accident.

I see lots of people who live in Nj but have PA,North Carolina,and Iowa license plates.
I also know for a fact they actually live in Jersey,some were my relatives
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Old 08-29-2014, 09:26 PM
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n/a posts
Quote:
Originally Posted by CityScape0322 View Post
I was having a conversation with a co-worker the other day about how much we are paying for car insurance. We both live in zipcodes that are considered high risk and thus push up the monthly rate we would be spending on car insurance. (I live on Miami Beach, and he lives in Downtown Miami).

However he told me that he is able to lower his rate considerable by registering his car in Orlando. This guy has never lived in Orlando, mind you. Is this a legal loop hole worth exploiting and has anyone else done something similar in order to lower they're insurance rate? I wanna save some cash!

Thanks,
Let me get this straight… you want to lie to your insurance company and potentially nullify the coverage you're paying for in order to save a few bucks?

It's not a loophole. It's called fraud (well, technically it's a material misrepresentation of facts). Better hope you don't get caught or ever need your insurance.
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Old 08-29-2014, 10:10 PM
 
317 posts, read 673,128 times
Reputation: 380
Quote:
Originally Posted by JasonF View Post
Let me get this straight… you want to lie to your insurance company and potentially nullify the coverage you're paying for in order to save a few bucks?

It's not a loophole. It's called fraud (well, technically it's a material misrepresentation of facts). Better hope you don't get caught or ever need your insurance.

Is nothing sacred anymore? Gota go my movie just finished downloading.
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Old 08-30-2014, 12:38 AM
 
Location: AZ
383 posts, read 596,953 times
Reputation: 223
It's legal for the Military to register, or get tags in the their home state. My son bought a car, came to AZ and saved some money.
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Old 08-30-2014, 06:48 AM
 
17,932 posts, read 3,638,153 times
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Birmingham, AL ran ability on vehicles with out of city tags a few years back and filled the city coffers. A lot of folks have week end houses on lokal lakes and rivers and registered their vehicles there.
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Old 08-30-2014, 06:50 AM
 
Location: Seymour, CT
3,647 posts, read 2,897,012 times
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This is actually what I do. My dad lives in Lakeland, FL and I live in Largo, FL. Largo unfortunately has significantly higher insurance rates. I maintain that I live in "two" locations and use my dad's address on my insurance for cheaper rates.
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Old 08-30-2014, 07:39 AM
 
Location: South Florida
859 posts, read 1,418,057 times
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It will be an issue if you ever have to file a claim, especially if it involves lost wages. You will have to provide the name of your employer, dates of employment and copies of pay stubs to claim lost wages so how is it you are employed in a county more than 200 miles from your claimed "home?" Why did the accident take place so far from "home?" Why are all the doctors who are providing followup treatment located in Miami when you "live" in Orlando?

How many times are you prepared to lie to support the first lie should you have to file a claim?
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Old 08-30-2014, 07:47 AM
 
Location: Seymour, CT
3,647 posts, read 2,897,012 times
Reputation: 3047
Quote:
Originally Posted by Dragonmam View Post
It will be an issue if you ever have to file a claim, especially if it involves lost wages. You will have to provide the name of your employer, dates of employment and copies of pay stubs to claim lost wages so how is it you are employed in a county more than 200 miles from your claimed "home?" Why did the accident take place so far from "home?" Why are all the doctors who are providing followup treatment located in Miami when you "live" in Orlando?

How many times are you prepared to lie to support the first lie should you have to file a claim?
Yeah idk... that is pretty far. Lakeland from here is 55 miles. It's pretty reasonable to believe I can live 55 miles away from work. Plus you know... I send mail to his place on some of my stuff too :-)
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