Report: R.I. second-most expensive state to insure teen drivers

ADDING A TEEN to an automobile insurance policy in Rhode Island increases its cost by an average of 119 percent, the second-highest increase in the nation, according to insuranceQuotes.com. / COURTESY INSURANCEQUOTES.COM
ADDING A TEEN to an automobile insurance policy in Rhode Island increases its cost by an average of 119 percent, the second-highest increase in the nation, according to insuranceQuotes.com. / COURTESY INSURANCEQUOTES.COM

PROVIDENCE – Adding a teen to an automobile insurance policy in Rhode Island increases its cost by an average of 119 percent, the second highest increase in the nation, according to insuranceQuotes.com.
The Ocean State was second highest on the list for an average premium increase of 119.2 percent after adding a teen driver, behind only New Hampshire, which was the highest with a 125.4 percent increase.
The United States average increase was 79 percent, a slight dip from last year when the national average was 80 percent, insuranceQuotes.com said.
The website said that for the fourth year in a row, it commissioned Quadrant Information Services to study the economic impact of adding a driver between the ages of 16 and 19 to a family’s existing car insurance policy.
The rest of the top five most expensive states to insure teen drivers: Wyoming, 106 percent increase; Ohio, 100 percent; and Maine, 99 percent.
The five states where it is the least expensive to add a teen driver are: Hawaii, 17 percent increase; New York 52 percent increase; North Carolina, 57 percent; Michigan, 58 percent; and South Dakota, 59 percent.
The report explained why Hawaii is the least expensive – it is the only state that doesn’t allow insurance providers to consider age, gender or length of driving experience when determining premiums.
“That means teens don’t pay much more than adults for auto insurance,” the report stated.

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