Travel Insurance Star Ratings 2021

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Eleanor Williams, Press Officer
Eleanor Williams, Press Officer / Finance Expert T: 01603 476205 E: Email Eleanor
09/06/2021

A stellar year for the Moneyfacts Travel Insurance Star Ratings 2021

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2021 for travel insurance.

  • After last year when many providers withdrew from the market, for 2021 there has been an increase in the number of annual and single policies assessed, rising from 649 to 862.
  • With the increase in the number of products, the number of five-star ratings for 2021 has increased by 61% and the number awarded four stars by 42% compared to 2020.
  • This year’s star ratings include 16 additional fields, with many focusing on the inclusion of COVID-19 cover.

The products awarded five or four-star ratings offer the most comprehensive range of standout features and competitive limits, which set them apart from the rest of the market.

The instantly recognisable Moneyfacts badge of quality for over 30 years helps inform consumers comparing travel insurance. Around nine in 10 (91%*) consumers would 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, 07/19).

A stellar year for the Moneyfacts Travel Insurance Star Ratings 2021

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2021 for travel insurance.

  • After last year when many providers withdrew from the market, for 2021 there has been an increase in the number of annual and single policies assessed, rising from 649 to 862.
  • With the increase in the number of products, the number of five-star ratings for 2021 has increased by 61% and the number awarded four stars by 42% compared to 2020.
  • This year’s star ratings include 16 additional fields, with many focusing on the inclusion of COVID-19 cover.

The products awarded five or four-star ratings offer the most comprehensive range of standout features and competitive limits, which set them apart from the rest of the market.

The instantly recognisable Moneyfacts badge of quality for over 30 years helps inform consumers comparing travel insurance. Around nine in 10 (91%*) consumers would 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, 07/19).

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

“As the travel insurance market returns to near pre-COVID-19 numbers and confidence is rising around the possibility of travelling abroad this year, more than ever consumers will be looking to cover their trips should the worst happen.

“But, trying to find the best product for each person’s specific needs in the current market continues to be challenging, especially for those concerned about COVID-19 cover.

“The annual Moneyfacts Travel Insurance Star Ratings has taken some of the hard work out of this task by looking at those products currently available in the market and highlighting those that are the most complete, and that have the widest range of features and most competitive limits. This allows customers to narrow their search, focussing their attention on the most suitable cover for them.”

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

“As the travel insurance market returns to near pre-COVID-19 numbers and confidence is rising around the possibility of travelling abroad this year, more than ever consumers will be looking to cover their trips should the worst happen.

“But, trying to find the best product for each person’s specific needs in the current market continues to be challenging, especially for those concerned about COVID-19 cover.

“The annual Moneyfacts Travel Insurance Star Ratings has taken some of the hard work out of this task by looking at those products currently available in the market and highlighting those that are the most complete, and that have the widest range of features and most competitive limits. This allows customers to narrow their search, focussing their attention on the most suitable cover for them.”

This year’s five-star awarded providers include:

CoverWise, Go Walkabout Travel Insurance, Saga & Santander.

 

FOR THE FULL LIST OF 2021 AWARDED TRAVEL INSURANCE PRODUCTS, PLEASE CLICK HERE.

This year’s five-star awarded providers include:

CoverWise, Go Walkabout Travel Insurance, Saga & Santander.

 

FOR THE FULL LIST OF 2021 AWARDED TRAVEL INSURANCE PRODUCTS, PLEASE CLICK HERE.

Star Ratings Cosmos Travel Ins Star Ratings Cosmos Travel Ins Star Ratings Cosmos Travel Ins

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:

Travel Insurance

  • Age limits
  • Trip length
  • Medical cover
  • Cancellation/curtailment cover
  • Travel abandonment
  • Travel delay cover
  • Baggage cover
  • Valuables limits
  • Travel delay claim time
  • Missed departure cover
  • Missed connection cover
  • Ski equipment cover

Travel Insurance

  • Age limits
  • Trip length
  • Medical cover
  • Cancellation/curtailment cover
  • Travel abandonment
  • Travel delay cover
  • Baggage cover
  • Valuables limits
  • Travel delay claim time
  • Missed departure cover
  • Missed connection cover
  • Ski equipment cover
  • Wedding cover
  • Personal liability cover
  • Personal accident cover
  • End supplier failure
  • Scheduled airline failure
  • Winter sports
  • Business trips
  • Cruise cover
  • Excesses
  • Cash cover
  • Pet care cover
  • Golf cover.
  • Wedding cover
  • Personal liability cover
  • Personal accident cover
  • End supplier failure
  • Scheduled airline failure
  • Winter sports
  • Business trips
  • Cruise cover
  • Excesses
  • Cash cover
  • Pet care cover
  • Golf cover.

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 with ISDN (01603 230551) and Skype (Moneyfacts).

 

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 with ISDN (01603 230551) and Skype (Moneyfacts).

 

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Rachel Springall Press Officer / Finance Expert
Eleanor Williams Press Officer / Finance Expert