What is a Defaqto Star Rating?
A Defaqto Star Rating reflects the level of features and benefits offered within a financial product, helping consumers make a more informed decision about which one suits their needs. We currently review hundreds of products across 45 categories. Our research team assess the features and benefits of every financial product under each category and award a Star Rating from 1 to 5 where 1 indicates the lowest level of cover or features and 5 the highest.
So for example, consumers looking for a basic level of home insurance cover, may want to consider a 1 or 2 star rated product. If however, they are looking for a higher level of features included within their cover, a 4 or 5 star product may suit them better.
We do not assess the price of a product
Prices can change or depend on other factors such as a consumer’s address, type of car or property or age, for example. So it isn’t always possible to compare products directly and this is why we don’t include price when assessing and rating a product.
How can Star Ratings benefit you?
You can actively use the Star Ratings to reinforce the features and benefits your products have. For more information please contact us on 01844 295 546 or email us for a brochure.