39% of Americans cut back insurance coverage in 2020: What that means for dental

Dental coverage was the third most common policy that Americans decided to scale back or drop in 2020, according to a survey from ValuePenguin.

The online survey, conducted from Dec. 9-11, included responses from 1,023 Americans. The sample base was proportioned to represent the U.S. population.

Here are six survey takeaways:

1. Overall, 39 percent of Americans cut back on some type of insurance policy in 2020.

2. Forty-five percent of respondents said they cut insurance to save money, while 29 percent said they couldn't afford it.

3. Health insurance was the most common policy dropped, followed by auto and dental.

4. Fifty-two percent of survey respondents who cut back on their insurance plans intend for it to be a temporary change.

5. Seventy-five percent of people cut expenses in other areas before they reduced their insurance.

6. Fifty-eight percent of respondents said they didn't have dental insurance.

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