Take it from someone who has had their
license revoked and had to get it back. If you have a car registered in your name you must have
insurance. As soon as you prove to the state that you no longer have the car and you get it out of your name then you can do whatever you want to the
insurance but you have to take that first step.
Having said that USAA offers a very
cheap policy that actually covers all the other stuff that automobile insurance usually covers like rental cars, liability, personal property theft, etc if you don’t actually have a car. If you rent very much it pays for itself quickly.