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.

Dropping comprehensive and collision coverage can cut costs — but is it an option for you? And should you do it?

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

Though rates will continue rising in Wisconsin, the hike will be smaller than most of the country, Insurify reported.