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The Moneyfacts Star Ratings 2024 for Travel Insurance

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Rachel Springall, Press Officer
Rachel Springall, Press Officer / Finance Expert T: 01603 476210 E: Email Rachel
12/06/2024

A stellar year for the Moneyfacts Travel Insurance Star Ratings 2024

Moneyfacts is pleased to announce the Moneyfacts Star Ratings 2024 for Travel Insurance.

  • For 2024 the number of policies that achieved a five-star stands at 169 for annual policies and 165 for single trip policies, with 118 annual policies achieving a four-star and 112 for single trip policies.
  • The number of products assessed has risen, with 18 additional annual policies and 23 single trip policies.
  • With the increase in the number of products, the number of annual policy Five-Star Ratings has increased by 12 and the number of single policies increased by one compared to 2023.
  • Over 100 fields of information per individual product were collected for the policies.

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.

Moneyfacts has been analysing data for more than 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing Travel 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, Star Ratings survey 11/2022-1/2023).

A stellar year for the Moneyfacts Travel Insurance Star Ratings 2024

Moneyfacts is pleased to announce the Moneyfacts Star Ratings 2024 for Travel Insurance.

  • For 2024 the number of policies that achieved a five-star stands at 169 for annual policies and 165 for single trip policies, with 118 annual policies achieving a four-star and 112 for single trip policies.
  • The number of products assessed has risen, with 18 additional annual policies and 23 single trip policies.
  • With the increase in the number of products, the number of annual policy Five-Star Ratings has increased by 12 and the number of single policies increased by one compared to 2023.
  • Over 100 fields of information per individual product were collected for the policies.

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.

Moneyfacts has been analysing data for more than 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing Travel 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, Star Ratings survey 11/2022-1/2023).

VIEW THE FULL LIST OF 2024 AWARDED PRODUCTS – PLEASE CLICK HERE FOR TRAVEL INSURANCE.

VIEW THE FULL LIST OF 2024 AWARDED PRODUCTS – PLEASE CLICK HERE FOR TRAVEL INSURANCE.

 

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

“Ensuring customers have the most appropriate and comprehensive cover can often be difficult to decipher, with many missing out on better cover. Again, this year, Moneyfacts has assessed the travel insurance market looking at the hundreds of products to choose from.

“The annual Moneyfacts Travel Insurance Star Ratings takes away some of the hard work by highlighting those that have the widest range of features and most competitive limits. This allows customers to narrow their search, focusing their attention on the most suitable cover for them, especially so in this time of rising costs when every penny counts.”

 

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

“Ensuring customers have the most appropriate and comprehensive cover can often be difficult to decipher, with many missing out on better cover. Again, this year, Moneyfacts has assessed the travel insurance market looking at the hundreds of products to choose from.

“The annual Moneyfacts Travel Insurance Star Ratings takes away some of the hard work by highlighting those that have the widest range of features and most competitive limits. This allows customers to narrow their search, focusing their attention on the most suitable cover for them, especially so in this time of rising costs when every penny counts.”

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:

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
  • 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 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.

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.

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