What do Defaqto ratings mean for travel insurance?
Key takeaways
Defaqto is a rating and review company which provides unbiased assesesments of financial products
Defaqto looks at the quality of products, but not price or customer service
The ratings range from 1 Star (basic features) to 5 Stars (comprehensive features)
What is Defaqto?
Defaqto is an independent business that produces unbiased product ratings.
It maintains the UK's largest financial product database and use various research methodology to develop independent ratings, reviews, insights and technology.
This service aids consumers, financial institutions, and financial advisors in making better-informed decisions regarding financial products.
What are Defaqto Star Ratings?
Defaqto Star Ratings range from 1 Star to 5 Stars and indicate the quality of a financial product. These ratings apply to the product itself, such as the actual travel insurance policies, rather than the provider, the policy's price, or the level of customer service provided.
What do the Deqaqto Star Ratings mean?
Defaqto Star Rating | Indication of quality |
|---|---|
1 Star | A basic product, with a low level of features and benefits |
2 Star | A product that offers a below-average range of features and benefits |
3 Star | A standard product with an average level of features and benefits |
4 Star | A product with a good level of features and benefits |
5 Star | An excellent product with a comprehensive range of features and benefits |
Why does MoneySuperMarket use Defaqto Star Ratings?
MoneySuperMarket uses Defaqto Star Ratings on all of the travel insurance policies we compare to help our customers measure how comprehensive the different options are.
Once you have filled out the details for a travel insurance quote on MoneySuperMarket, you can filter policies by the Defaqto Star Rating.
It allows you to quickly see the quality of the insurance product you’re buying, which you can then easily compare against the cost of the premiums you will pay in order to find the best deal for you.
How do I find the right travel insurance for me?
Using MoneySuperMarket means you can compare policies from a range of providers. Just tell us about yourself, where you’re going and for how long, and we’ll show you a list of deals to suit your requirements.
After finding a deal that suits your needs, you can click through to the provider to buy cover.
Compare travel insurance policies according to their Defaqto Star Ratings, prices, and customer reviews.
Author
Emma Lunn
Personal finance expert
Emma has written about personal finance for almost 20 years, with a career spanning several recessions and their inevitable consequences. Emma’s main focus is helping people learn to manage their...
Reviewer
Beth Leslie
Senior Insurance Content Editor
Beth is an experienced writer and editor who specialises in financial and economic content. She is currently the Senior Insurance Content Editor for MoneySuperMarket. Beth is passionate about making...
