With spiraling tuition costs, and an ever-increasing rate of student debt-with many students seeing mortgage-level debts before they've even graduated, who would be a student nowadays? And what about insurance? What if you absolutely can't afford to be without your own transportation-what are the implications for your budget? Can you cut any corners? Well, the very first point to address is that, if you are a student and you absolutely need a car, do not think about cutting any financial corners by ignoring insurance. If you do so and either get caught or get into an accident, it could end up being one of the most costly decisions you will ever make. Quite apart from any immediate legal consequences, you will find that your insurance premiums will be astronomical-possibly for decades to come. So, instead of cutting this vital corner, let's look at ways in which its edges can be softened somewhat.