Addition to fixed assets

If company purchased motor car for business purpose and also addition to fixed assets, now my doubt is while purchasing motor car company paid reigstration fees, insurance and others expenses, is it neccessary to capitalise the insurance paid in the first time when purchased by the company and also my query is insurance is expenses so it should debited to P & L A/c ?, kindly anyone help me, whether i am right or wrong?

Thanks in advance