I see this from a different perspective and have “been there, done that” with the teenagers driving bit.
The proverbial “10 year old beater” was almost as much from an insurance perspective as a new car when leased. Prior to Covid and today’s awful deals, we were able to swing 7.5k and 10k mile leases that were well under $300 per month on well-equipped and new Honda Civics (including a 6 speed Si) that were safe, reliable and under warranty.
Would do that again in a heartbeat. Now it would be an AWD Altima, Rogue or a Murano for $300 or less per month depending on the deal and Nissan incentives. Maybe a Frontier or Pathfinder as well.
Check with your insurance agent on the cars and the cost. I would expect that you will hear that the liability is the larger issue and not so much the collision coverage.