Insurance is a Source of Conflict for 39% of Married Americans According to ValuePenguin.com Survey

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Insurance is a Source of Conflict for 39% of Married Americans According to ValuePenguin.com Survey
Nearly a quarter of married couples have never discussed insurance.

PR Newswire

NEW YORK, June 30, 2020 /PRNewswire/ -- Insurance is an important part of a couple's financial life, and although some aspects, like shopping around for insurance, don't cause too much friction, some couples do experience conflict when filing claims and selecting providers.

In a recent survey conducted by ValuePenguin, 39% of married couples experienced arguments over insurance and nearly a quarter hadn't spoken to their partner about insurance at all. According to our findings: 

ValuePenguin (PRNewsfoto/ValuePenguin.com)

  • 39% of married couples have argued or disagreed with their spouse over insurance. The two primary sources of disagreement were which insurer to use (16%) and making a claim (11%).
  • More married couples have joint policies for auto insurance than they do for health insurance. Nearly three-quarters of married Americans have a joint auto policy, while just over half share the same health insurance policy.
  • Older Americans are more likely to share auto insurance policies with their spouse, while people under 50 are more likely to share health insurance policies. This is partly because older Americans may be on Medicare, in which each person has a separate policy.
  • Nearly a quarter of married consumers have never discussed or reviewed insurance policies with their spouses. These couples could be missing out on savings, but even more important, they may not be adequately covered as their lives change.

To view the full report, visit: https://www.valuepenguin.com/insurance-married-couples-survey

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 www.valuepenguin.com, like our Facebook page, or follow us on Twitter @ValuePenguin.

Media Contact:
Nadia Gonzalez (Mrs.)
Nadia@LendingTreeNews.com

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SOURCE ValuePenguin.com

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