If I buy car insurance, it assures me my car will be intact (or even replaced) if it is destroyed. Health insurance is really a bad name for a method of paying for health care treatment. Otherwise, no matter what happens to my body, I am assured wellness, health, and life. That’s one problem with Obamacare - he thinks doctors should warranty their work, so if you have to go back to the hospital, it will be “free” since the doctor obviously screwed up. It is an art not a science. You can’t trade in your body under “lemon law” legislation, although I guess they’ll try that next....
The collision and comprehensive coverage you're referring to is not required by the state. The states only require you to carry liability coverage for harm you may cause to others. (A lender may require you to carry collision and comprehensive coverage as a condition for getting a loan for the vehicle.)
That kind of insurance is never required by law, but it might be required by the bank if you are using the car as collateral for a loan.