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@gbj_tester
1: Level of cover; are the cheap quotes for the same level as the £750? Your car is worth so little that you (or your parents) might as well self insure for loss or damage to your own vehicle, so look for Third Party only or TPFT. Avoid "Road Traffic Act Only", it's rarely offered but a quote that's too good to be true might be for that.
2: Excess; the more you pay for each claim, the lower your premiums will be. This is another form of self-insurance, but with a cap. £250 is standard, cheap quotes might have much higher excess so check that you're comparing like with like
3: Extras; some of the pricier policies include all sorts of extras which you may or may not either need or want, such as recovery, legal expenses cover, protected no claims discounts, replacement vehicles for you even when your wreck is your fault etc. Cheap insurance strips these out to save money.
Oh, and all the usual due diligence; make sure the broker and the insurer actually exist and subscribe to the relevant regulatory bodies.