How much your annual policy premium increases when you add ateen driver depends a lot on where you live -- and in some states,it can even double.

|

InsuranceQuotes.com commissionedastudy by Quadrant Information Services to examine the economicimpact of adding a driver between the ages of 16 and 19 to afamily's existing car insurance policy.

|

According to the study, families who add a teen driver to theirexisting auto insurance policy will see an average annual premiumincrease of 80%, up slightly from last year's average increase of79%. One of the reasons for premium increases is teens'inexperience, which can lead to more car accidents.

|

[Related: 10 best and worst states for teen drivers]

|

InsuranceQuotes.com notes that teen driving accidents can amountto a large bill. The Centers for Disease Control and Prevention(CDC) says drivers between the ages of 15 and 24 account for 30% (acost of $19 billion) for the total costs of motor vehcile injuriesamong male drivers, and 28% ($7 billion) of the total costs ofmotor vehicle injuries among females.

|

However, the study found that not all states are created equalwhen it comes to the cost of insuring a teen driver. The averageannual premium increase for individual states ranges from 115% to17%. The reasons for the variation is complicated, notesInsuranceQuotes.com.

|

One reason could be how each state regulates insurancedifferently. For example, Hawaii is the only state that doesn'tallow insurance providers to consider age, gender or length ofdriving experience when determining premiums. States like New York,Michigan and North Carolina tend to have lower increases becauseinsurance is regulated more strictly and rating factors are morestringent.

|

Differences in weather and climate can also affect premiumincreases. States with harsh winters leave teens more prone toweather-related accidents, and thus higher auto insurancerates.

|

High population density and high cost of living can also be afactor in the high cost of teen driver insurance in somestates.

|

Click "next" to see which states are the most expensive to add ateen driver to an existing auto policy, and which are the mostaffordable. To see where your state ranks, check out the InsuranceQuotes.comand Quandrant study here.

|

Most expensive states

|

(Rigucci/Shutterstock.com)

|

10. Nevada

|

Average premium increase: 93.77%

|

|
|

(KatherineWelles/Shutterstock.com)

|

9. Vermont

|

Average premium increase: 94.99%

|

|
|

(MikeFlippo/Shutterstock.com)

|

8. Arizona

|

Average premium increase: 95.89%

|

|
|

(JosephSohm/Shutterstock.com)

|

7. Connecticut

|

Average premium increase: 98.31%

|

|
|

(KatherineWelles/Shutterstock.com)

|

6. Oregon

|

Average premium increase: 99.10%

|

|
|

(JosephSohm/Shutterstock.com)

|

5. Rhode Island

|

Average premium increase:101.76%

|

|

|

(JosephSohm/Shutterstock.com)

|

4. Maine

|

Average premium increase: 102.76%

|

|
|

(HenrykSadura/Shutterstock.com)

|

3. Illinois

|

Average premium increase: 104.10%

|

|
|

(JosephSohm/Shutterstock.com)

|

2. Wyoming

|

Average premium increase: 104.45%

|

|
|

(JosephSohm/Shutterstock.com)

|

1. New Hampshire

|

Average premium increase: 114.92%

|

Most affordable states

|

(marekuliasz/Shutterstock.com)

|

10. Colorado

|

Average premium increase: 73.45%

|

|
|

(SueSmith/Shutterstock.com)

|

9. Mississippi

|

Average premium increase: 71.75%

|

|
|

(JosephSohm/Shutterstock.com)

|

8. New Jersey

|

Average premium increase: 70.00%

|

|
|

(KatherineWelles/Shutterstock.com)

|

7. Wisconsin

|

Average premium increase: 69.37%

|

|
|

(KatherineWelles/Shutterstock.com)

|

6. Montana

|

Average premium increase: 65.69%

|

|
|

(KatherineWelles/Shutterstock.com)

|

5. New Mexico

|

Average premium increase: 60.37%

|

|
|

(LesPalenik/Shutterstock.com)

|

4. North Carolina

|

Average premium increase: 60.11%

|

|
|

(KatherineWelles/Shutterstock.com)

|

3. Michigan

|

Average premium increase: 56.63%

|

|
|

(littleny/Shutterstock.com)

|

2. New York

|

Average premium increase: 53.03%

|

|
|

(JohnKroetch/Shutterstock.com)

|

1. Hawaii

|

Average premium increase: 16.83%

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.