The U.S. population has a strong reputation for moving regularlyfrom around the block to around the country.
|In some cases, people move for jobs or to be closer to family,and retirees are well known for moving to states with lower costsand better weather.
|Knowing where people are moving can help insurance agents andbrokers provide advice on their clients' insurance needs, whetherthey're going to become homeowners or renters, or add a property totheir portfolio. Where and how often people are driving is anotherfactor that may have an impact on auto insurance.
|Related: Moving out: Everything clients need to know aboutmoving insurance
|UnitedVan Lines, based in Fenton, Mo., which moves people locally,nationally and internationally, has been tracking which statespeople are moving to and from for 40 years. They also survey their customers to understand whythey've chosen to relocate from one state to another.
|“This year's data clearly reflects retirees' locationpreferences,” said Michael A. Stoll, economist, professor in theDepartment of Public Policy at the University of California, LosAngeles. “We are seeing more retirees than ever decide to relocate,and as a result, new retirement hubs are popping up in Western andSouthern states. Interestingly enough, these retirees are leavingat such a fast pace that the movement of millennials to urban areasis being overshadowed.”
|Here are the top inbound states of 2016, according to United VanLines' survey:
|
(Photo: iStock)
|10. Arizona
The Grand CanyonState is a popular location for snowbirds, and retirementcommunities thrive, even though retirement income from other statesis taxed in Arizona.
|Total shipments in and out of state: 7,117.
|Total shipments into state: 4,053.
|Percent of total shipments: 56.9 percent.
|Related: 7 homeowners trends for 2017
|
(Photo: AP/Isaac Brekken)
|9. Nevada
Although gambling, entertainment and Las Vegas often are thefirst things to come to mind about Nevada, the state also is trying to attract high techcompanies to the list of organizations doing business there. Nevadais also a state with no income tax.
|Total shipments in and out of state: 2,236.
|Total shipments into state: 1,296.
|Percent of total shipments: 58.0 percent.
|Related: 10 states with the best drivers
|
(Photo: iStock)
8. North Carolina
North Carolina is home to several nationally ranked collegesand universities as well as the high tech industry that has grownup around them known as “Research Triangle.” The state also has afavorable tax structure that makes it attractive to retirees.
Total shipments in and out of state: 9,370.
|Total shipments into state: 5,447.
|Percent of total shipments: 58.1 percent.
|Related: 6 homeowners' policy endorsements agents andbrokers need to know
|
(Photo: iStock)
|7. District of Columbia
The new Congress and change of administration is likely toincrease the number of people moving into and out of the nation's capital. In additionto government employees who may be moving, there are sure to beothers in related businesses, such as law and lobbying firms, andconsultants.
|Total shipments in and out of state: 1,187.
|Total shipments into state: 692.
|Percent of total shipments: 58.3 percent.
|Related: PIA calls for repeal of Federal InsuranceOffice
|
(Photo: iStock)
|6. Washington
The state of Washington is known as the home of several largebusinesses, including Microsoft, Costco, Starbucks and Amazon. It'salso known for magnificent scenery, salmon and a relaxed lifestyle,that makes it attractive to many.
|Total shipments in and out of state: 8,621.
|Total shipments into state: 5,033.
|Percent of total shipments: 58.4 percent.
|Related: Insurance Industry Charitable Foundation opens newchapter in Seattle
|
(Photo: iStock)
|5. South Carolina
Many people seeking a slower pace of life and lower cost ofliving are relocating to SouthCarolina. The state also hosts eight military bases and is hometo several companies in the aerospace industry.
|Total shipments in and out of state: 3,948.
|Total shipments into state: 2,385.
|Percent of total shipments into state: 60.4 percent.
|Related: Personal auto policies: 5 questions agents shouldask buyers
|
(Photo: iStock)
|4. Idaho
Although potatoes are often the first thing people think of whenthey think of Idaho, there is much more to the state — even thoughits website does include a section on potatorecipes. Less well known are Idaho's industries, includingenergy and aerospace, with a new, state-sponsored unmannedaircraft systems (UAS) program, with the goal of becoming a leaderin all things related to drones.
|Total shipments in and out of state: 1,389.
|Total shipments into state: 906.
|Percent of total shipments: 65.2 percent.
|Related: If you invade someone's privacy with a drone, yourinsurance might not cover it
|
(Photo: iStock)
|3. Oregon
Oregon, which had been the number one moving destination forthe previous three years, slipped to number three in 2016. Of allthe moves into the state, a new job or company transfer accountedfor 53% and retirement accounted for 19 percent.
Among the many reasons to move to Oregon according to Movoto, are no sales tax, great scenery and a thrivingentertainment and arts community.
|Total shipments in and out of state: 3,990.
|Total shipments into state: 2,677.
|Percent of total shipments: 67.1 percent.
|Related: Moving soon? Here are 5 things to thinkabout
|
(Photo: iStock)
2. Vermont
Home of Sen. Bernie Sanders, recent candidate for president inthe 2016 election, and the original Ben & Jerry's Ice CreamStore and farm, Vermont is also well known for its dairyproducts and farming, maple syrup and ski resorts. According toForbes, the state's unemployment rate is among thelowest in the United States, but business costs are about 15percent above the national average.
|Total shipments in and out of state: 277.
|Total shipments into state: 186.
|Percent of total shipments: 67.1 percent.
|Related: Fact of the week: Where do you find the mostself-employed workers?
|
(Photo: iStock)
|1. South Dakota
The number one moving destination for 2016 was South Dakota. (Yes, you readthat correctly.) The state is known best for the sculptures onMount Rushmore, the Badlands and its role in settling the AmericanWest. But it also has no income tax, and it has a thriving bankingindustry as the credit card operations of Citibank and Wells Fargocan attest.
|Total shipments in and out of state: 504.
|Total shipments into state: 341.
|Percent of total shipments in and out of state: 67.7percent.
|Related: What new insurance brokers should look for in afirm
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
