If I could drop the liability insurance on the old Caddy I'd have more to spend on another car.

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I don't know if it's a win-win to keep insuring your car after it is proven to be a dead one. I mean, if I find out I am not going to drive our 1995 Sedan Seville then why should I or my wife, dish out some 69 dollars a month for it just sitting like a stone sculpture? I mean, since I know it will take a year or more to save over 2 thousand dollars, the money I have or would have spent that year on insuring a dead vehicle, not being driven at all by either one of us, I could invest that savings back into buying a more current model used car much faster and then be back on the road again. But, my wife suggested that there is a possibility that the insurance agency that we use for basic liability would be raised when we decided to purchase a used car later on and then we would have to insure it. Do you think I should wait to be sure first that my car is beyond repairs before talking to my insurance agent?