Yes, this is possible. I recently bought a new truck and told my insurance company I was using it less than 500 miles/year. They classified it as a utility vehicle and I pay less insurance on it. Ask your insurance agent. They'll be able to let you know how their policy works.

Whatever you do, do NOT cancel the insurance on this vehicle. Lack of continuity in coverage, for whatever reason, will cost you far more than paying the rate you have locked in now on the vehicle. This is a common mistake that a lot of people make and it can double your premiums down the road. Talk to your insurance agent/carrier and see what options they have available for this situation. The options vary from carrier to carrier and from state to state. Have your insurance agent rate the vehicle "short mileage". Typically, that applies to vehicles that see no more than 7,500 miles annually. Be prepared to state the current odometer reading. Consider temporarily dropping unnecessary coverage for an unused vehicle like towing or rental reimbursement. You might also consider raising the collision deductible. Another option has been mentioned by another user and is correct: suspension of coverage which basically leaves only comprehensive coverage on the vehicle (fire, theft, vandalism, etc.). However, in most (not all) states canceling the liability coverage on a registered vehicle is not legal and can land you a hefty fine. Check with your DMV before you do this to find out what they require (usually they ask you to turn in the tags and you must re-register the vehicle when you want to drive it again).

If the vehicle is going to remain parked for an extended period (usually three months or more), you can cancel JUST the liability and collision portions of your auto insurance, and leave the vehicle with just comprehensive coverage (fire and theft, basically). You will save money, and you will maintain continuous auto coverage, which is an important factor in getting cheaper coverage further "down the road," so to speak. However, if you want to drive the vehicle again, you must add at least basic liability insurance back to your policy.

Keep comprehensive coverage and make sure your agent understands the reason for the cut-back in coverage. you or other people should not drive this vehicle. has the registration expired? this is another reason to let the vehicle remained parked, if you can do without it.

Some military bases have room for long term storage for deployed members. This may give a person a legal reason to keep the tags, but have the vehicle in a storage status. Go Navy