Insurance Company Defaqto Ratings
Defaqto is first and foremost a business to business company not a comparison site and doesn t make money from consumers as such.
Insurance company defaqto ratings. Defaqto offer an independent unbiased product assessment that consumers advisers and brokers can trust. Each policy is then scored against those 31 features and assigned a rating based on a scale of 1 to 5 so you can see at glance how the policies in the. Each policy is then scored against those 47 features and assigned a rating based on a scale of 1 to 5 so you can see at a glance how the policies in the. We wanted to try and simplify things on the public side he says.
The aim of defaqto s ratings is to give you the consumer more of an idea of whether the company you re buying a service from is any good and it does that with a simple five star rating system. When you compare car home pet or travel insurance with us you ll have the option to know more about policies that have caught your eye this is when you ll be supplied with that all important defaqto information. We are delighted with this rating as it recognises the wide ranging cover we offer and most importantly for our customers the reassurance that they. By totalling the scores each product is assigned a star rating on a scale from 1 to 5.
Defaqto s team of experts select the most important features and benefits for an insurance product and then use them to score all the products in the market. Out of 131 features in our database our experts have selected the 47 most important ones. Research conducted by defaqto in 2015 showed that 78 of people felt the star ratings concept was easy to understand and 86 thought it would be useful when looking to purchase a financial product. Defaqto provides gocompare with independent daily updates on policy features offered by the insurance brands we compare.
State farm financial strength and insurance ratings accessed feb. Defaqto star ratings our super duper level of cover gives you 5 star rated protection. The ratings are given to the products not the insurance or credit card providers and are analysed daily and updated yearly. Let our expert ratings help you quickly find out what the quality of your car insurance policy is.
Out of 89 features in our database our experts have selected the 31 most important ones. As you d probably guess a five star rating is the best score and it shows that the product with that rating is a comprehensive one. Brown designed the star ratings 19 years ago starting with insurance. Free spirit super duper level of cover has been awarded a 5 star rating from defaqto for both single trip and annual multi trip travel insurance.
Defaqto star rating explained. An a or better rating for an insurance company is important to you as the insurance consumer because it helps you judge which companies perform best. What are defaqto star ratings. How do i use the defaqto star ratings.
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