A teenager has died and a second is fighting for life following a single car crash on the Mornington Peninsula.

The Mazda, carrying five people, smashed into a tree at the corner of Field and Marshall Streets at Tootgarook, shortly after 1am on Friday morning.

One teenager died.

A second has been airlifted to the Royal Melbourne Hospital in a critical condition.

Two other teenagers and the driver, a 21-year-old Rye man, were taken to Frankston Hospital with non-life-threatening injuries.

The state’s road toll stands at 92, up from 58 at the same time last year.