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There’s no denying that many Americans face issues with their insurance, whether they pay to much for the insurance they do have, are under insured, or don’t have any insurance at all. Here are a few startling facts on insurance in America, and a few tips on what you can do to protect yourself and your family from dire financial straits.

Health Insurance

Health expenses are the leading cause of bankruptcy in the United States. Millions of Americans struggle with medical costs. And for those who do have health insurance, they find that they are not as covered as they thought they were for basic needs. While those living in poverty, seniors, and people with disabilities can benefit from Medicaid, Medicare, and Medicare supplement insurance, millions of others must navigate private insurance.

What you can do: The Affordable Care Act has made health care more manageable for millions of Americans. If you have a low income or a large family, search for policies in your state’s marketplace. If you are elderly or disabled, Medicare supplement insurance might be of use to you.

Auto Insurance
The average annual cost for auto insurance rose from $798 to $815 between 2011 and 2012 alone, and as we all know, costs tend to go up rather than down. Car insurance is necessary for most working Americans, nearly all states require car insurance and most outline a minimum amount of insurance. More than 20% of people don’t purchase car insurance because they can’t afford it.

What you can do: Shopping around for a policy and comparing quotes is key to getting the best deal. Also, look into ways that your policy might go down by searching for deals for safe, accident-free drivers.

Life Insurance

Only 62% percent of consumers have a life insurance policy. A worrying 40% of all those who have life insurance feel as if they do not have enough if the worst happens. With the rising cost of living, medical bills, funeral costs and more, it’s no wonder that people are feeling insecure.

What you can do: You can often lower your life insurance premiums by getting in shape and cutting harmful habits such as drinking and smoking. You can also look at your policy and cull the things you don’t think you need, or find a better policy that fits your needs

What will you do to make sure you and your family are properly insured?