My 19 daughter's car insurance is $4,000.00 a year. Can the vehicle be without insurance until I purchase it?

Yes, you can keep the car on your property. Anything to keep it off the roads so it is not subject to a possible accident. However here is the problem. If the insurance lapses without immediate coverage from another carrier the former insurance company may report the lapse to your DMV, and they may suspend the registration for no insurance coverage. Work quickly before your daughters insurance expires.