What is the ruling on car insurance, given that there is no effective traffic law or cooperative insurance, and the available insurance companies do not cover full damages and take an annual percentage of 5% of the car's value?

Insurance is divided into two types: cooperative and commercial. Cooperative insurance is permissible, while commercial insurance is forbidden because it involves gharar (excessive uncertainty), riba (interest/usury), and qimar (gambling). A resolution was issued by the Islamic Fiqh Academy prohibiting commercial insurance and permitting cooperative insurance. Commercial insurance is not permissible, but if the state mandates commercial insurance and no Islamic insurance is available, then it becomes permissible out of necessity.