Driving cars is one of the most obvious interests of any teen.
The parents would now face hectic problems to fulfill their ward's liking with an expensive car model.
The insurance rates or premiums can be a real issue for moderate-income class families.
The insurance rates drain a greater deal of money from their pocket.
This is because the probability of teens causing accidents is three times higher than the probability of adult persons causing accidents as they might have greater experience in driving.
Factors Influencing The Insurance Premium Rates The following factors influence the insurance premium rates.

• Type of cars
• Previous driving experience
• School grades
• Ownership of the insurance policy

Type of cars Teenagers usually go for expensive, good looking and fast moving sport cars, which are so allergic to the insurance agencies, that they may not even provide insurance or tend to pose a very high premium.
While switching to cars of heavier older models are greatly favored by the insurance agencies.
Heavier cars are seldom driven fast, reducing the possibility of frequent accidents.
As the value of the car reduces, the premium rate also drops.
This is one of the important tips that a car buyer should think about before investing in a car.
It would be the parent's responsibility to take safety measures to save their ward's life.
It is as well important to give the ward a car that he or she would dream about.
Considering the car is older, cheaper, and the teen is a safe driver, it becomes easier for them to earn the trust of the insurance companies and have a policy.
However, choosing the best insurance company within the local area and gaining a good trust, will help reduce the high premium amount drastically at the end.