If you’re not planning on driving the vehicle (even from the dealership to your home), then you are allowed to simply ‘own’ it, without insuring it. However, as an uninsured vehicle, it must remain on private property, and therefore cannot be parked on a public street without having at least the provincial minimum required car insurance in Yellowknife. If your uninsured vehicle does end up on the road, you can be fined from $5,000 up to $50,000, your license could be suspended, and your car could be impounded.