Tip to trim your monthly auto insurance premium

Trimming down the cost of a monthly car insurance premium may be easier to do, especially if you've recently been laid off.

Depending on state and insurance carrier, the cost of your car insurance premium can be trimmed if you drive less because of a job loss or change in commuting habits. An annual mileage estimate change could lower your cost... and not lower your coverage. A quick call to your insurance agent will determine whether you qualify.

For example, the Well Heeled blog reports that after losing a job, the annual mileage estimate with job interviews included was still much lower than the daily commute. The savings? A $75 a month premium was lowered to $60, and the recipient received a $135 overpayment from the auto insurance carrier.

Think you may be eligible for a lower monthly premium thanks to your annual mileage estimate? Here are signs that may result in a lower premium depending on state:

• Change in job situation, meaning a shorter commute
• Change in relationship, meaning you have moved in with that special someone
• Change in environment, meaning you've moved to a city from a rural area

Auto Insurance Savings Tips :: New Jersey

Attention Garden State! Think you have no control over the cost of your auto insurance? Think again. Here are great ways New Jersey drivers can save big.

*Choose your plan wisely
Shopping around for your plan will guarantee optimum savings. Some insurance companies offer more savings than others, so make sure you do your research before settling down on one company.

*Own a home
Some insurance companies offer discounts if you are a homeowner. If you are a Consumer United member, High Point offers up to 15% off your insurance if you're a homeowner.

*Multi-car discount
If you are applying more than one vehicle for an auto insurance policy, some companies are bound to give you a discount. High Point Auto Insurance offers up to 10% off multi-car policies.

*Drive safely
Safe driving is bound to get you a discount. If you have been violation and accident free for over three years, High Point Auto Insurance offers up to 12% off your policy. You can also receive a $100 reduced deductible each year for having no "at-fault" accidents with High Point.

*Bundle your plans
Insurance companies that offer other kinds of coverage, like home or life insurance, can be a source of additional savings.

*Join a group
Are you a member of a credit union or civic organization? In recent years, many insurers have offered discounts to groups to attract new customers.

*Paid-in-full discount
Shoppers who pay in full will most likely receive a discount on their policy. At High Point Insurance, a paid in full premium will save up to 13%.

*Insure your kids
With High Point Insurance, you can receive a discount if your child in the household drives, is insured, and is under the age of 19. The policy must be inforced at least two years for the discount to apply.

Click here to learn more about Consumer United's deal with New Jersey's High Point.