We acknowledged already the challenges students often face with regards to the physical security of their vehicle. Increasing that security on your vehicle though, might help to reduce your premium.
Even fitting an industry-approved steering wheel lock may make a difference. If your budget is larger, investing in an immobiliser might be an option. You need to assess the one off costs against the premiums that you’ll save.
Coverage with other drivers or policies
If you’re still living at home, it might be possible to piggyback on a policy already in place at the family home by extending the number of vehicles covered. Catch your parents on a good day for this one.
Alternatively if you’ve a more experienced driver who may also use the car, adding a second driver might save you money. Even an occasional experienced extra driver with a good driving record could make a difference.
An extremely important word of caution here though. You must never put forward the other person as the main driver if that is not actually the case. This is known as ‘fronting’. It is a recognised type of fraud and, at the very least, could invalidate your policy in the event of you being caught.