Insurance is one of those unavoidable expenses that is quickly becoming part of your everyday life. However, if you find yourself regularly using a cash loan to cover your insurance payments, it could be time to reassess your options. Americans spend an estimated $1.1 trillion on insurance premiums every year, according to the Insurance Information Institute. Rather than throwing money away, here are a few ways to save on your insurance.

Ask For Discounts – You Could Be Surprised

There may be a number of insurance discounts you qualify for that you aren’t even aware of, according to Kiplinger.

For example, if you are shopping around for new car insurance, you could qualify for savings if you have a short commute. In addition, carpooling or working in a certain industry can demonstrate your responsibility and yield even more discounts. Car insurance is legally required in almost every state, so you may as well save as much money as you can.

If you are shopping for home insurance, certain amenities could also offer savings. For example, if you have an alarm system or have taken certain precautions to make your home storm-proof, your monthly insurance bill could shrink significantly.

Insurance Policies You May Want To Avoid

There are a number of insurance policies out there, both big and small, that you could benefit from avoiding altogether.

Sparky’s Health Insurance

While pets are quickly becoming an intricate part of the American household, you may want to hold off on pet insurance, according to Kiplinger. For the most part, pets have much shorter lifespans than humans. Because of this, your pets’ premiums can quickly rise as they age. Instead, you may want to set the money you would spend on pet insurance aside for other expenses.

Extended Warranties For That Older Gadget

If you just have to get your hands on that gadget you have always wanted, you will probably have the option of buying an extended warranty. While this could be beneficial if a product is new to the market, if the item has been around for awhile, you may want to pass on insurance. If you are buying a high-end product, it should come with a warranty anyway.…