I bought a car off the lot and two days later on my way to get insurance I got in an accident my fault

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So I am 19 years of age and I been spending [1] [2] insurance for 12 months now. But rightnow I'm no longer working and I do not require my car and i feel that I'm merely wasting money. I am thinking on closing my insurance and 9 times will be ended in by my plan and rather I'm planning to ride town bus. At this time I'm paying 96 pounds each month as well as the next 6 months can drop to $94. If I do not purchase insurance for 3 or 1 months will the purchase price go up? Howmuch? Thankyou beforehand.

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