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If you have a teen driver on your car insurance policy and have been feeling a strain on your wallet, that’s no surprise.
A higher cost is usually given for younger drivers new to the road, but Delawareans have an even worse deal as one of the states with the biggest insurance cost gap between young drivers and older drivers.
Delaware car insurance rates
A report from MarketWatch Guides analyzed the nature of young drivers in the U.S. by looking at the number of licensed drivers per age group, overall costs and driving habits.
Delaware ranks as the state with the fourth biggest gap in insurance rates between 16-year-old drivers and older drivers.
The average annual cost of auto insurance for 16-year-olds is $13,788 compared to the average annual cost of $2,852 for 25- to 55-year-olds, a 383.50% difference.
Due to this gap and rising costs, MarketWatch reports that 45% of those aged between 18 and 34 consider passing on auto insurance.
The state with the worst gap between young drivers and old drivers is Connecticut, with 16-year-old drivers costing $11,410 and 25- to 55-year-olds costing $1,951, a 484.8% difference.
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Rhode Island is No. 2, with a 465.9% difference, followed by Wisconsin with a 400.2% difference.
The rest of the top 10 includes
- Idaho, with a 355.8% difference. Younger drives pay $6,433 while older drivers pay $1,412
- Tennessee, with a 353.4% difference. Younger drivers pay $6,897 while older drivers pay $1,521
- Utah, with a 346% difference. Younger drivers pay $8,534 while older drivers pay $1,913
- Oregon, with a 341.6% difference. Younger drivers pay $8,403 while older drivers pay $1,903
- Louisiana, with a 340.9% difference. Younger drivers pay $13,261 while older drivers pay $3,008
- Nevada, with a 325.9% difference. Younger drivers pay $11,788 while older drivers pay $2,768
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