Comprehensive and Collision insurance coverage is optional in every state. This is the coverage that is typically associated with the term "full coverage". The state does not require the coverage, but your bank (lien holder) will require it, in order to protect their loan to you.

The Comprehensive and Collision section of your policy covers physical damage to your own vehicle resulting from collisions and a variety of other causes (e.g., fire, falling objects). It may also cover losses associated with theft. However, your car's value plays a big part in assessing your need for this type of coverage. A year old vehicle should have Comprehensive and Collision coverage on it.

Usually it is more economical to transfer the risk of your new vehicle to the insurance company. In other words, it would cost less to insure it than it would to have to replace it yourself. If you are financing or leasing the vehicle then you are required to carry Comprehensive and Collision (Physical Damage) coverage. The lender or lease company will require that you provide evidence of this coverage. If you do not sow them or let them know you have insurance then they would force place the coverage for you and add the cost of it to your loan balance.

You can get a car insurance quote here to see how much it would cost for you to get this coverage.