Why it’s good news a Florida teen driver adds 69% to insurance bill

Add a teen driver to your Florida household, and the insurance bill goes up 69 percent, a new study finds. And that’s the good news.

While that might not sound like a reason to turn cartwheels, exactly, it’s an improvement. Last year Florida’s average increase was 82 percent and above the national norm.

Now Florida falls among the 10 states with the lowest teen-driven increases, according to insuranceQuotes.com, affiliated with bankrate.com of North Palm Beach.

The main lesson is apparently do not have a teenager who  wants to drive in Rhode Island. Increase there: 153 percent. Teens in Hawaii move the needle the least, 8 percent. Hawaii restricts what insurers can charge by age.

The survey obtained quotes from a set of insurers in each state for a married couple adding a teen driver.

Make no mistake: Teen drivers are still three times more likely to get into accidents, said Insurance Institute for Highway Safety spokesman Russ Rader.

“It’s not so much that teens are suddenly safer drivers, but they’re benefiting from safer cars and laws that restrict when, and under what conditions, they can drive,” Rader said.

Fatal crashes with drivers under 20 are down 43 percent since 2006, federal statistics show. Sure, it’s never going to be fun to star in I Was A Teenage Driver’s Insurance Buyer,  even if you are a teen paying your own way. But at least the trends seem to be going in the right direction.

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