Owning a car is a huge expense right now — these 3 tools can help you save

Having a car is a big expense right now. The price of gas has skyrocketed in recent months, with the national average for one gallon of regular gas reaching $4.39 on May 29, according to AAA, a 38.9% increase from the same date last year. On top of that, higher interest rates, car prices and auto loan balances have led to increased payments: 19% of auto loans have payments of over $1,000 per month , according to data from Experian Automotive . Then there are maintenance and car insurance costs, which are also up. Auto insurance prices have also increased by 18% in the past year, according to comparison site The Zebra . CNBC Select highlights tools and tips to make maintaining and covering your car more affordable. Talk to us Are you living paycheck to paycheck, or do you have a financial success you're comfortable sharing with a reporter? Please fill out this quick form . How to lower your car expenses Get an extended car warranty for maintenance Extended car warranties can cover issues like transmission problems, engine malfunctions, and air conditioning and heat repairs, depending on the plan you choose. They kick in after your car's manufacturer warranty has expired, and can stay in place longer. An extended car warranty can be helpful if you're worried about affording the cost of an unexpected repair or maintenance. Some plans can also include roadside assistance, helping you tow or jump start your car, and allow you to choose your repair shop. …