As most of us look to cut costs and stick to budgets, the price of car insurance in Florida is expected to keep rising.

For the tens of thousands of homeowners in South Florida who rely on Citizens Property Insurance to cover their homes, Gov. Ron DeSantis' announcement of lower rates came as long hoped for relief last week.

Costlier cars or auto parts can increase claims costs, which take time to filter through to car-insurance rates.

KEY TAKEAWAYS Motor vehicle insurance increased by more than 2% in January and is more than double what it cost before the COVID-19 pandemic.Most American drivers say these prices are unaffordable, and many are going without insurance or reducing their coverage.