What's the best way to use shortcuts and autocomplete to create a new object in Intellij IDEA?

Question

Object + shortcut ➜ Object object = new Object();

Whether there is such shortcut?

Answer 1

new Obj, Tab to complete to new Object(), Ctrl+Alt+V (Refactor | Introduce Variable):

Object o = new Object();

Change name if needed and press Enter to confirm.

For the more convenient solution utilizing the live templates feature please check the answer below from @MarcG.