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The New Year brings changes in employment, lifestyle, and many other areas. It’s an ideal time to review your auto insurance coverage to see if it needs to be updated to account for new events. Dunlap Agency, the premier home, business, and car insurance agency in Fairbanks, AK, says there are a few questions you should consider when reviewing your insurance policy. Since 1986, this locally-owned and -operated business has been the area's one-stop shop for high-quality insurance.

3 Questions To Evaluate Your Auto Insurance Needs For The New Year

Should Your Drop Comprehensive Coverage?

Your car is a year older and probably has thousands more miles on its odometer than it did last year. Does it still make sense to carry comprehensive and collision coverage? Check the value of your vehicle and compare it to what you're paying each year to insure it. Property damage and personal injury liability policies are required by law in Alaska, but you can reduce your premiums by removing auto insurance coverage you don’t need.

Do You Need More Liability Coverage?

Auto insurance Fairbanks, AKHas your financial situation improved dramatically over the last year due to an inheritance or new job? If you have more assets this year, you have more to protect. Examine your auto insurance liability coverage to see if it adequately protects you against legal damages in the event of an accident. If it doesn't, consider increasing your liability coverage amount.

Should You Increase Or Reduce Your Auto Insurance Deductible?

Raising your deductible will lower your yearly premiums, which is ideal if you are a safe driver and struggling to make payments. However, this means you will be stuck with a large out-of-pocket expense in the event of an accident. If you can afford to pay more up front, consider lowering your deductible to have greater protection if a calamity strikes. 

Dunlap Agency, the most experienced home, business, and car insurance agency in Fairbanks, AK, can provide expert guidance when you want to review your auto insurance needs. If your financial circumstances have changed or you received a DUI last year, visit their website to request a quote or call (907) 456-5202 to speak with a friendly, experienced professional.

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