Yes, it is mandatory to have traffic insurance.
The traffic insurance that vehicle owners are required to take out is determined according to the General Conditions of Traffic Insurance and is sold under the name of Traffic Insurance Policy.
Traffic insurance is made in order to cover the material and moral damages that vehicle users may cause to others as a result of an accident. Therefore, vehicle owners are required by law to have traffic insurance. Otherwise, criminal action may be taken by the traffic police and the vehicle cannot be taken to traffic.