What is Defaqto and how does it affect you?

Defaqto is an independent financial information business that looks purely at financial products. Its job is to research thousands of different products on the market and help people understand how comprehensive they are.

Defaqto’s aim is to give an independent, overall view of a product or insurance policy, using a simple Star Rating system that can be understood and referred to quickly in order to provide a basis of comparison.

 

defaqto logo

How do you use Defaqto?

We currently use the Defaqto Star Rating system on our travel and credit card products. We show this to help our customers make a better informed decision when comparing products and services based.

Where do comparethemarket.com show Defaqto star ratings?

The Defaqto Star Rating system can be found on travel and credit card comparison services.

When comparing travel insurance for example, the Defaqto Star Rating for an insurance provider will be shown on the quote results page, so you can clearly review which providers have the highest Star Rating.

When comparing money products, the Defaqto Star Rating will appear when you expand the ‘More details +’ section of a credit card, for example balance transfer credit cards.

What do the Defaqto stars mean?

  • 1 Star: Provides a low offering
  • 2 Stars: Provides a below average quality offering
  • 3 Stars: Provides an average quality offering
  • 4 Stars: Provides a good quality offering
  • 5 Stars: Provides one of the highest quality offerings in the market
Defaqto star ratings

How are the Defaqto Star Ratings calculated?

Defaqto Star Rating system may seem like a straight forward system to understand, but behind those little stars lies a robust methodology.

The Star Ratings are given to products not the providers and are analysed daily and updated yearly. The system uses a complex scoring mechanic which takes into account quality and comprehensiveness of products as well as Industry developments, trends and regulatory changes within the market.

Finally they will give a final Star Rating ranging from 1 Star to 5 Stars, with 5 Stars being the highest rating.

Why are Defaqto Ratings important?

Imagine you're about to buy your travel insurance ... once we've helped you narrow down your quotes with our comparison search, you'll still have quite a few to choose from.

They all look good, but they probably all offer something a little different and you maybe unsure of exactly which one to choose. You're potentially about to spend some money, so really you want to know that you’re getting the best value from that policy. So this is where Defaqto’s Ratings come in.

On our results page you'll be able to see what Defaqto Rating each product or policy has. Because they're independent, you know that each product or policy has been thoroughly examined, and you're getting an expert's, unbiased assessment.

We help you compare products and policies that are assessed by Defaqto, from credit cards to travel insurance policies. We include their Star Rating system to help you to make an informed final decision as to which product or policy you choose.

Looking for a Quote?

Get a new travel insurance quote in seconds and start saving

Get a quote