No you'll be required to keep full coverage as long as you have a lien on the title. (until your loan is paid)

Oh yeah. He kept it for probably 6 years. Once you get through boot and your advanced training you'll have its of time unless you're deployed. Just keep some sort of insurance coverage forever. If you ever stop it all together you'll come back as high risk and it is ridiculously high.

If you decide to keep the car contact your insurance about putting it in locked storage. I did that with my kids car when he went in the air force and he saved a fortune on insurance while he did basic and tech school. It was under $50 per month but he had liability coverage.