Quote Quoting DanM
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I asked about it and I was told by the finance manager that I had a grace period of 24 hours to do the changes to a full coverage.
That statement could mean a number of things. For example, it could mean that your insurance company would cover you under your existing policy, as long as you made a timely report of the purchase; or it could mean that under your loan contract your lender would not deem you to be in breach of contract as long as you obtained full coverage within 24 hours.

Does the finance manager recall making the statement? If so, what is his explanation of what he meant?
Quote Quoting DanM
I was never required to change from liability to full coverage before leaving the dealership, as it should had happened.
The dealership knew that you had the minimum level of insurance required by law. I'm not aware of anything that would require them to ensure that you obtained any additional insurance, even if your loan contract required you to purchase additional insurance.
Quote Quoting DanM
The contract required full coverage and the manager implied that I had it at that moment I was leaving (grace period of 24 hours).
There's an enormous difference between stating something and implying something. When you rely on inference, you substantially increase the chance of a misunderstanding or miscommunication.
Quote Quoting DanM
I have been told that I should not have any contractual obligation with the dealership because even if the contract was signed, it was never culminated because the buyer didn’t fulfill the full coverage requirement and the contract was made under fall assumptions.
If you heard this from your lawyer, who has fully reviewed the contracts and facts of the case, then it's reasonable to work with your lawyer to try to resolve the matter. If you heard this from your buddy, your neighbor, a random stranger... as would appear to be the case... it isn't a helpful analysis.

The biggest problem with seeking rescission, even if we assume a basis for rescission, is that when the contract is unwound the parties are to be restored inasmuch as possible to their original position. You can't do that without repairing the car.

If you can clarify what the manager said, and what he admits to having said (ideally in writing, to limit later denials), that could be helpful in analyzing a potential legal claim.