Is it mandatory to purchase full coverage insurance for the first year of a new car?

[CharlotteAnn]

Buying insurance should be decided based on your personal situation and the condition of the car. Additional information: If you feel it's insufficient, you can purchase commercial third-party liability insurance as a supplement. These additional insurance types are determined by your financial capacity and risk tolerance, including whether to buy them and how much coverage to purchase. For example, if the parts of the new car are expensive and you are a novice driver, you might consider purchasing collision coverage. For theft insurance, if you have a garage or a dedicated guarded parking spot, and you usually park in safe places when going out, you might consider whether to skip it. There are many types of insurance available. Commercial insurance options include: collision insurance, third-party liability insurance, and passenger insurance.