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Moneyfacts Car Insurance Star Ratings 2024

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Rachel Springall, Press Officer
Rachel Springall, Press Officer / Finance Expert 01603 476210 Email Rachel
17/01/2024

A stellar year for Moneyfacts Car Insurance Star Ratings 2024

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2024 for the Car Insurance arena.

  • This year, 84 products were awarded a Five-Star and 46 a Four-Star Rating.
  • For 2024 the number of products in the market has fallen by 11 year-on-year.
  • More than 90 fields of information per individual product were collected for assessment.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive charges, which set them apart from the rest of the market.

Moneyfacts has been analysing data for more than 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing Car Insurance products.

Nine out of 10 people agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.* (*Source: Moneyfacts Group Plc, Star Ratings survey 11/2022-1/2023).

A stellar year for Moneyfacts Car Insurance Star Ratings 2024

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2024 for the Car Insurance arena.

  • This year, 84 products were awarded a Five-Star and 46 a Four-Star Rating.
  • For 2024 the number of products in the market has fallen by 11 year-on-year.
  • More than 90 fields of information per individual product were collected for assessment.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive charges, which set them apart from the rest of the market.

Moneyfacts has been analysing data for more than 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing Car Insurance products.

Nine out of 10 people agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.* (*Source: Moneyfacts Group Plc, Star Ratings survey 11/2022-1/2023).

FOR THE FULL LIST OF 2024 AWARDED PRODUCTS – PLEASE CLICK HERE

 

FOR THE FULL LIST OF 2024 AWARDED PRODUCTS – PLEASE CLICK HERE

 

Samantha Owens, Star Ratings & Personal Finance Analytics Manager at Moneyfacts, said:

“Insuring your car is unavoidable, however, finding the best policy to meet individual needs at the best price possible can ease some of the financial burden.

“The Moneyfacts Annual Car Insurance Star Ratings assess the range of features and limits on current market policies, rating highest those which are the most competitive. This helps to take away some of the hard work when searching for insurance, allowing the customer to filter down on individual features and choose the best policy for them."

Samantha Owens, Star Ratings & Personal Finance Analytics Manager at Moneyfacts, said:

“Insuring your car is unavoidable, however, finding the best policy to meet individual needs at the best price possible can ease some of the financial burden.

“The Moneyfacts Annual Car Insurance Star Ratings assess the range of features and limits on current market policies, rating highest those which are the most competitive. This helps to take away some of the hard work when searching for insurance, allowing the customer to filter down on individual features and choose the best policy for them."

Numerous features are considered when assessing the ratings, and some of these include:

Numerous features are considered when assessing the ratings, and some of these include:

Car Insurance

Car Insurance

  • Compulsory excess
  • Voluntary excess discount
  • Multi-car discount
  • No claims discount
  • No claims discount protection
  • Uninsured driver cover
  • Telematics
  • Courtesy car
  • New car replacement
  • Transport from accident
  • Loss/theft of keys
  • Driving other cars
  • Personal accident
  • Compulsory excess
  • Voluntary excess discount
  • Multi-car discount
  • No claims discount
  • No claims discount protection
  • Uninsured driver cover
  • Telematics
  • Courtesy car
  • New car replacement
  • Transport from accident
  • Loss/theft of keys
  • Driving other cars
  • Personal accident
  • Legal assistance
  • Breakdown cover
  • Audio equipment cover
  • Personal belongings
  • Sat nav cover
  • Medical expenses limit
  • Repair guarantee
  • Misfuelling cover
  • Foreign usage availability and limits
  • Windscreen cover
  • Child seat cover
  • Vandalism cover
  • Set-up fees
  • Legal assistance
  • Breakdown cover
  • Audio equipment cover
  • Personal belongings
  • Sat nav cover
  • Medical expenses limit
  • Repair guarantee
  • Misfuelling cover
  • Foreign usage availability and limits
  • Windscreen cover
  • Child seat cover
  • Vandalism cover
  • Set-up fees

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Equity Release
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loans
  • Landlord Home Insurance
  • Commercial Mortgage.

 

The growing range of providers currently assessed includes:

  • Savings Easy to Open

 

For more information about us please see our key facts.

To link to our website please use moneyfactsgroup.co.uk.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Equity Release
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loans
  • Landlord Home Insurance
  • Commercial Mortgage.

 

The growing range of providers currently assessed includes:

  • Savings Easy to Open

 

For more information about us please see our key facts.

To link to our website please use moneyfactsgroup.co.uk.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

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Rachel Springall Press Officer / Finance Expert
Caitlyn Eastell Apprentice Press & PR Assistant