Student car insurance options
With the rising cost of fuel and student living, if you have your own set of wheels the chances are you will be looking for cheap car insurance deals to help you keep your car on the road during your time at university.
There are a variety of ways students can help to reduce their car insurance premiums:
- Choose an inexpensive car. Cars with a small engine and a lower value generally attract lower premiums. Avoid buying a car with modifications because most insurers regard these as higher risk.
- Fit your car with approved security devices such as a car alarm, immobiliser, wheel lock or tracking device to deter and hamper thieves.
- Consider a lower level of cover such as Third-party, or Third-party, fire and theft – particularly if you have a car with a very low value. There may be no point in paying out for expensive comprehensive insurance if the annual premium is more than the value of your vehicle.
- Compare insurance quotes from lots of providers before you part with any cash. Some may offer a better level of cover at a reasonable price if you hunt hard enough and negotiate with them. Look out for those insurance providers that offer rapid bonus benefits to students, enabling you to clock up to a year’s discount on your premium after about nine months.
- Consider agreeing to a lower annual mileage, as this will also help reduce your premium – the less time you spend behind the wheel, the less risk you pose for the insurance company. Make sure the limit you agree to is practical.
- Try to find student accommodation with a secure place to park your car overnight, such as a locked garage. On-street parking generally attracts higher premiums.
- Consider embarking on the Pass Plus training course created by the Driving Standards Agency (DSA) if you're a new driver with little experience on the roads. This will boost your driving skills, and may help you secure a lower premium.
- Add a named driver with more experience if you are a young or inexperienced driver, as this also helps to reduce the premium.
- Opt for a larger voluntary excess to further bring down your premium – but make sure it's an amount you can afford just in case you do need to make a claim.