If the dealer doesn't require it, probably not. But do you want to take the chance of continuing to make payments on a car that you can't use after an accident?
It depends on the bank who is giving you the loan, be it the bank the dealer works through or a separate bank you choose. It's all up to bank policy, ask around.-Jesse
Look at your contract, it will say that if you owe money on a vehicle you are required by the lender to carry full coverage insurance. shari