Almost 40% of Americans Reduced or Eliminated a Policy in 2020
Around 60% regretted the cost-cutting decision, and more than half plan to restore insurance coverage in the future.
Nearly four in 10 U.S. consumers said they reduced or eliminated insurance coverage this past year as a way to help save money, according to a ValuePenguin.com survey. The most common lines that saw reductions or were cut out completely were healthcare, auto policies and dental, respectively.
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