You’re currently paying insurance on your new car, which makes sense. In the event you are involved in an accident, you are covered and, depending on how bad the damage is, it could be repaired. But you may also be carrying insurance on an older car you barely drive. The policy probably costs more than what your junk car is worth. Rather than continuing to cover the junk car, cancel the policy and sell your old car to Gershow Recycling. Get money for your junk car instead of wasting money on it.