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Pet Insurance Star Ratings announced

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Rachel Springall, Press Officer
Rachel Springall, Press Officer / Finance Expert T: 01603 476210 E: Email Rachel
09/02/2022

A stellar year for Moneyfacts Pet Insurance Star Ratings 2022

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2022 for Pet Insurance.

  • For cat pet insurance there were 137 Five-Star and 33 Four-Star Ratings and for pet insurance for dogs there were 136 Five-Star and 37 Four-Star Ratings.
  • For 2022, the size of the market for both categories has remained relatively consistent as 303 cat products and 301 dog products were assessed for 2022, only slightly up on those assessed for 2021 by six and seven products respectively.
  • More than 70 fields of information per individual product were collected for the policies, with data expanded for 2022 to include further information of waiting periods before claims.

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.

The instantly recognisable Moneyfacts badge of quality for more than 30 years helps inform consumers comparing pet insurance.

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, Financial Services online consumer survey 4/21).

A stellar year for Moneyfacts Pet Insurance Star Ratings 2022

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2022 for Pet Insurance.

  • For cat pet insurance there were 137 Five-Star and 33 Four-Star Ratings and for pet insurance for dogs there were 136 Five-Star and 37 Four-Star Ratings.
  • For 2022, the size of the market for both categories has remained relatively consistent as 303 cat products and 301 dog products were assessed for 2022, only slightly up on those assessed for 2021 by six and seven products respectively.
  • More than 70 fields of information per individual product were collected for the policies, with data expanded for 2022 to include further information of waiting periods before claims.

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.

The instantly recognisable Moneyfacts badge of quality for more than 30 years helps inform consumers comparing pet insurance.

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, Financial Services online consumer survey 4/21).

This year’s Five-Star awarded providers include:

MORE TH>N, The Insurance Emporium, Bought By Many, and John Lewis Insurance

VIEW THE FULL LIST OF 2022 AWARDED PRODUCTS – PLEASE CLICK HERE.

This year’s Five-Star awarded providers include:

MORE TH>N, The Insurance Emporium, Bought By Many, and John Lewis Insurance

VIEW THE FULL LIST OF 2022 AWARDED PRODUCTS – PLEASE CLICK HERE.

Hayley Hutchinson, Senior Customer Proposition and Experience Manager at MORE TH>N, said:

“After being a Moneyfacts Five-Star rated insurer for six years running, we believe that this accreditation helps to give prospective customers greater confidence that our product is of a high standard. It is a third-party endorsement, based on independent product analysis conducted by the Moneyfacts team, that provides further proof to customers that we put them and their pets at the heart of what we do.”

 

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

“With no sign that the love affair with pet ownership is abating, combined with the continuing squeeze on personal finances, ensuring these beloved pets get the best care possible for the most competitive price is even more essential. “

“Along with the emotional stress of a sick or injured pet, the costs of treatment can easily spiral, increasing the pressure on an already difficult situation. This is where insurance can protect owners from suddenly having to find these additional funds.

“With hundreds of products currently in the market for pet insurance, narrowing down the best policy for each pet can be a challenging task. The Moneyfacts Annual Star Ratings for pet insurance can take away some of this work, allowing customers to filter down to the best products within their budget knowing those with the best ratings highlight the most comprehensive products with the most competitive limits.”

Hayley Hutchinson, Senior Customer Proposition and Experience Manager at MORE TH>N, said:

“After being a Moneyfacts Five-Star rated insurer for six years running, we believe that this accreditation helps to give prospective customers greater confidence that our product is of a high standard. It is a third-party endorsement, based on independent product analysis conducted by the Moneyfacts team, that provides further proof to customers that we put them and their pets at the heart of what we do.”

 

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

“With no sign that the love affair with pet ownership is abating, combined with the continuing squeeze on personal finances, ensuring these beloved pets get the best care possible for the most competitive price is even more essential. “

“Along with the emotional stress of a sick or injured pet, the costs of treatment can easily spiral, increasing the pressure on an already difficult situation. This is where insurance can protect owners from suddenly having to find these additional funds.

“With hundreds of products currently in the market for pet insurance, narrowing down the best policy for each pet can be a challenging task. The Moneyfacts Annual Star Ratings for pet insurance can take away some of this work, allowing customers to filter down to the best products within their budget knowing those with the best ratings highlight the most comprehensive products with the most competitive limits.”

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:

Pet insurance

Pet insurance

  • Maximum veterinary fees insured
  • Claims time limit
  • Total excess
  • Fees and charges
  • Discounts
  • Boarding fees cover
  • Death by accident and illness cover
  • Lost or stolen cover
  • Advertising and reward cover
  • Alternative treatments cover
  • Maximum veterinary fees insured
  • Claims time limit
  • Total excess
  • Fees and charges
  • Discounts
  • Boarding fees cover
  • Death by accident and illness cover
  • Lost or stolen cover
  • Advertising and reward cover
  • Alternative treatments cover
  • Euthanasia cover
  • Hereditary conditions cover
  • Congenital conditions cover
  • Overseas vet fees
  • Quarantine costs
  • Special diet cover
  • Behavioural disorders cover
  • Accidental damage to third parties cover
  • Pet funeral / cremation cover
  • Third party legal liability cover
  • Maximum Age Limits
  • Euthanasia cover
  • Hereditary conditions cover
  • Congenital conditions cover
  • Overseas vet fees
  • Quarantine costs
  • Special diet cover
  • Behavioural disorders cover
  • Accidental damage to third parties cover
  • Pet funeral / cremation cover
  • Third party legal liability cover
  • Maximum Age Limits

Notes to editors

Pioneering financial comparison technology for over 30 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 and Charge Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Ethical Fund
  • Equity Release
  • Critical Illness
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Commercial Vehicle Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loan.

For more information about us please see our key facts.

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 30 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 and Charge Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Ethical Fund
  • Equity Release
  • Critical Illness
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Commercial Vehicle Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loan.

For more information about us please see our key facts.

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
Eleanor Williams Press Officer / Finance Expert