See how high Miami ranks nationally when parents put a teen on their auto insurance

If you live in Miami, you know the cost of owning a car here is high.

But a new study from Bankrate.com shows just how expensive it now is — especially if you’re living with a teen.

In the South Florida area, the average autoinsurance rate for a married couple is $3,527 annually — already among the highest rates in the nation.

With a teen added to a policy, the rate goes up by 127% to $8,023 — the third-highest rate in the U.S (behind Detroit and New York City.

The reason might be obvious: Teen drivers pose greater risks, so the rate of insuring them must climb accordingly. Other factors influencing the rate include the general cost of living in the area — and, especially the cost of auto repairs — and the overall frequency of accidents.