Is there really such a thing as cheap student car insurance? Of course there is. Plenty of students pay a cheaper premium based on their lower risk factor. Females, for one pay less in car insurance. They seem less likely to wreck compared to males. Also doing well in school shows a positive to insurance companies. You may be able to ask your insurance company for a discount if you take certain drivers courses. Call around to different companies to see if you can get a lower rate, ask your friends what they pay and who they are insured with. Good Luck.