What is the ruling on participating in Australia’s compulsory third-party insurance system, which covers injuries to the damaged party but does not cover property damage (vehicles)?

First: Commercial insurance is forbidden, but if a person is compelled to it (third-party liability), then there is no sin upon him, and the sin is on whoever compelled him.

Second: When two cars collide, the one at fault is obligated to compensate for what he damaged, be it a life, a limb, or property. He bears the responsibility for the blood money (diyyah) for lives and limbs, and for repairing the damaged parts of the car, in addition to the difference in the car's value before the collision and after its repair. His liability is not discharged except by this or by the forgiveness of the injured party.