If a car loan is involved, maximum insurance might be required as a condition. Combining that with young male driver, you get a very large number. Also, Canadian dollars, not USD.

The problem with just having liability is that it greatly reduces the responsibility of others to repair or replace your car if they hit it. Depending on where you live, you might only get a few hundred dollars from them if they total your car.

You may be willing to pay out of pocket if you crash your $30,000 car into a tree, but you'll probably want someone else to pay for it if they run into it while it's parked.