{"id":414246,"date":"2021-01-13T10:52:04","date_gmt":"2021-01-13T15:52:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414246"},"modified":"2021-01-13T10:52:04","modified_gmt":"2021-01-13T15:52:04","slug":"almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/","title":{"rendered":"Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">63% of the Americans who cut or eliminated insurance regret doing so.<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Jan. 13, 2021<\/span> \/PRNewswire\/ &#8212; Due to the pandemic, unemployment rates skyrocketed in 2020 to astounding levels forcing many Americans to struggle to make ends meet. As a result, when looking to cut costs although 26% said that insurance would never be trimmed from their budgets, others had no choice but to cut or eliminate insurance coverage altogether.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/954351\/Value_Penguin_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/954351\/Value_Penguin_Logo.jpg\" title=\"ValuePenguin (PRNewsfoto\/ValuePenguin.com)\" alt=\"ValuePenguin (PRNewsfoto\/ValuePenguin.com)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>ValuePenguin&#8217;s most recent survey found that almost 39% of Americans had to reduce or eliminate insurance costs to help them save money or because they found themselves unemployed.\u00a0<\/p>\n<p>\n        <b>Key findings:\u00a0<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <u><br \/>\n            <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3036230-1&amp;h=4151528064&amp;u=https%3A%2F%2Fwww.valuepenguin.com%2Fcutting-insurance-costs-to-save-money%23cutback&amp;a=Almost+four+in+10+Americans+cut+back+on+insurance+coverage+in+2020%2C+primarily+to+save+money\" rel=\"nofollow noopener noreferrer\">Almost four in 10 Americans cut back on insurance coverage in 2020, primarily to save money<\/a><br \/>\n          <\/u>. That number jumps to 65% of those laid off or furloughed due to the coronavirus pandemic. <\/li>\n<li>\n          <u><br \/>\n            <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3036230-1&amp;h=3496093896&amp;u=https%3A%2F%2Fwww.valuepenguin.com%2Fcutting-insurance-costs-to-save-money%23cutback&amp;a=Health+insurance+was+the+most+common+policy+that+consumers+decreased+coverage+for+or+eliminated+altogether%2C+followed+by+auto+insurance+and+dental+insurance\" rel=\"nofollow noopener noreferrer\">Health insurance was the most common policy that consumers decreased coverage for or eliminated altogether, followed by auto insurance and dental insurance<\/a><br \/>\n          <\/u>. Forty-two percent of women who eliminated or decreased their insurance coverage said they couldn&#8217;t afford it, compared with 23% of men. <\/li>\n<li>Of those who eliminated or decreased their insurance, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3036230-1&amp;h=2965473462&amp;u=https%3A%2F%2Fwww.valuepenguin.com%2Fcutting-insurance-costs-to-save-money%23expenses&amp;a=most+are+putting+that+money+toward+groceries+(27%25)%2C+savings+(23%25)+and+debt+payments+(21%25)%2C+as+well+as+monthly+housing+costs+(15%25)\" rel=\"nofollow noopener noreferrer\">most are putting that money toward groceries (27%), savings (23%) and debt payments (21%), as well as monthly housing costs (15%)<\/a><\/u>. <\/li>\n<li>\n          <u><br \/>\n            <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3036230-1&amp;h=1294678022&amp;u=https%3A%2F%2Fwww.valuepenguin.com%2Fcutting-insurance-costs-to-save-money%23restore&amp;a=Sixty-three+percent+of+those+who+reduced+insurance+coverage+in+2020+regretted+doing+so\" rel=\"nofollow noopener noreferrer\">Sixty-three percent of those who reduced insurance coverage in 2020 regretted doing so<\/a><br \/>\n          <\/u>, and more than half expect to restore their coverage level at some point in the future. <\/li>\n<li>\n          <u><br \/>\n            <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3036230-1&amp;h=540023191&amp;u=https%3A%2F%2Fwww.valuepenguin.com%2Fcutting-insurance-costs-to-save-money%23restore&amp;a=Although+insurance+is+costly+(about+one+in+five+respondents+said+they+spend+%24500+or+more+on+monthly+premiums)%2C+not+having+insurance+can+be+expensive%2C+too\" rel=\"nofollow noopener noreferrer\">Although insurance is costly (about one in five respondents said they spend <span class=\"xn-money\">$500<\/span> or more on monthly premiums), not having insurance can be expensive, too<\/a><br \/>\n          <\/u>. For example, 58% of respondents don&#8217;t have dental insurance, which means they could be facing a big out-of-pocket bill should they have a tooth-related emergency.<\/li>\n<\/ul>\n<p>\n        <b>View full report:<\/b>\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3036230-1&amp;h=2376659658&amp;u=https%3A%2F%2Fwww.valuepenguin.com%2Fcutting-insurance-costs-to-save-money&amp;a=Americans+Cut+Insurance+Coverage\" rel=\"nofollow noopener noreferrer\">Americans Cut Insurance Coverage<\/a><\/u><\/p>\n<p>About ValuePenguin.com: ValuePenguin.com, part of LendingTree (NASDAQ: TREE), is a personal finance website that conducts in-depth research and provides objective analysis to help guide consumers to the best financial decisions. ValuePenguin focuses on value, assessing whether the return of a particular decision is worth the cost or risk of that option, and how this stacks up with the other possible choices they may have. For more information, please visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3036230-1&amp;h=2042356835&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2334307-1%26h%3D3589292223%26u%3Dhttp%253A%252F%252Fwww.valuepenguin.com%252F%26a%3Dwww.valuepenguin.com&amp;a=www.valuepenguin.com\" rel=\"nofollow noopener noreferrer\">www.valuepenguin.com<\/a><\/u>, like our Facebook page, or follow us on Twitter @ValuePenguin.<\/p>\n<p>Media Contact: <br \/><span class=\"xn-person\">Nadia Gonzalez<\/span> (Mrs.)<br \/><a target=\"_blank\" href=\"mailto:Nadia@LendingTreeNews.com\" rel=\"nofollow noopener noreferrer\">Nadia@LendingTreeNews.com<\/a><\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL47620&amp;sd=2021-01-13\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguincom-survey-301207657.html\">http:\/\/www.prnewswire.com\/news-releases\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguincom-survey-301207657.html<\/a><\/p>\n<p>SOURCE  ValuePenguin.com<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL47620&amp;Transmission_Id=202101131048PR_NEWS_USPR_____CL47620&amp;DateId=20210113\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>63% of the Americans who cut or eliminated insurance regret doing so. PR Newswire NEW YORK, Jan. 13, 2021 \/PRNewswire\/ &#8212; Due to the pandemic, unemployment rates skyrocketed in 2020 to astounding levels forcing many Americans to struggle to make ends meet. As a result, when looking to cut costs although 26% said that insurance would never be trimmed from their budgets, others had no choice but to cut or eliminate insurance coverage altogether.\u00a0 ValuePenguin&#8217;s most recent survey found that almost 39% of Americans had to reduce or eliminate insurance costs to help them save money or because they found themselves unemployed.\u00a0 Key findings:\u00a0 Almost four in 10 Americans cut back on insurance coverage in 2020, primarily to save money &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414246","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"63% of the Americans who cut or eliminated insurance regret doing so. PR Newswire NEW YORK, Jan. 13, 2021 \/PRNewswire\/ &#8212; Due to the pandemic, unemployment rates skyrocketed in 2020 to astounding levels forcing many Americans to struggle to make ends meet. As a result, when looking to cut costs although 26% said that insurance would never be trimmed from their budgets, others had no choice but to cut or eliminate insurance coverage altogether.\u00a0 ValuePenguin&#8217;s most recent survey found that almost 39% of Americans had to reduce or eliminate insurance costs to help them save money or because they found themselves unemployed.\u00a0 Key findings:\u00a0 Almost four in 10 Americans cut back on insurance coverage in 2020, primarily to save money &hellip; Continue reading &quot;Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-13T15:52:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/954351\/Value_Penguin_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey\",\"datePublished\":\"2021-01-13T15:52:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\\\/\"},\"wordCount\":403,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/954351\\\/Value_Penguin_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\\\/\",\"name\":\"Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/","og_locale":"en_US","og_type":"article","og_title":"Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey - Market Newsdesk","og_description":"63% of the Americans who cut or eliminated insurance regret doing so. PR Newswire NEW YORK, Jan. 13, 2021 \/PRNewswire\/ &#8212; Due to the pandemic, unemployment rates skyrocketed in 2020 to astounding levels forcing many Americans to struggle to make ends meet. As a result, when looking to cut costs although 26% said that insurance would never be trimmed from their budgets, others had no choice but to cut or eliminate insurance coverage altogether.\u00a0 ValuePenguin&#8217;s most recent survey found that almost 39% of Americans had to reduce or eliminate insurance costs to help them save money or because they found themselves unemployed.\u00a0 Key findings:\u00a0 Almost four in 10 Americans cut back on insurance coverage in 2020, primarily to save money &hellip; Continue reading \"Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-13T15:52:04+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/954351\/Value_Penguin_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey","datePublished":"2021-01-13T15:52:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/"},"wordCount":403,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/954351\/Value_Penguin_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/almost-39-of-americans-say-they-reduced-or-eliminated-insurance-coverage-in-2020-according-to-valuepenguin-com-survey\/","name":"Almost 39% of Americans Say They Reduced or Eliminated Insurance Coverage in 2020 According to ValuePenguin.com Survey - 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