It's fine to do that as long as you are on a basal-bolus regime, injecting quick acting insulin for each meal. You can't skip meals if you are on long acting insulin only.
If you are on a basal only regime then it would help you greatly to move to basal-bolus. It will give you much more control over your life and health, much more flexibility and also better results. It's a win-win. As you are fairly recently diagnosed it's very surprising that you are on basal only. I'm presuming you are Type 1?
You need a health care team that understands basal-bolus though. And it may be the case that your current health care team don't understand it, or they would have already put you on it. Unless you are really needle-phobic?
Ahem... If you are on basal-only regime, then how do you have access to bolus insulin needed for a correction? The basal insulin you have (lantus, Levemir or NPH) can't really be used for corrections, and instead you'd have to gradually increase your daily basal dose until your fasting readings are ok with no means of correcting acute high BG in the meantime. Sorry.
Profile says T2, and it's not unheard of to start T2 diabetics on basal only regime but since you posted this in the T1 forum it would be great if you could clarify which type you have, and possibly have the thread moved if needed.
What you said here also directly contradicts what you've posted in another thread