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Moneyfacts Travel Insurance Star Ratings announced

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Rachel Springall, Press Officer
Rachel Springall, Press Officer / Finance Expert T: 01603 476210 E: Email Rachel
08/06/2022

A stellar year for the Moneyfacts Travel Insurance Star Ratings 2022

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

  • Following the volatility of previous years, this year the number of products has held against last year with an increase of just three products for annual insurance and a fall of two for single trip policies.
  • With the number of products relatively stable, the number of annual policy Five-Star Ratings has fallen by 19 and the number of single policies increased by five compared to 2021.
  • Over 110 fields of information per individual product were collected for the policies, including details of current COVID-19 cover.

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 has for over 30 years helped inform consumers comparing travel insurance. About 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 the Moneyfacts Travel Insurance Star Ratings 2022

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

  • Following the volatility of previous years, this year the number of products has held against last year with an increase of just three products for annual insurance and a fall of two for single trip policies.
  • With the number of products relatively stable, the number of annual policy Five-Star Ratings has fallen by 19 and the number of single policies increased by five compared to 2021.
  • Over 110 fields of information per individual product were collected for the policies, including details of current COVID-19 cover.

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 has for over 30 years helped inform consumers comparing travel insurance. About 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:

Avanti Travel Insurance, Cedar Tree Travel Insurance, Co-op Travel Insurance, CoverForYou, Go Walkabout Travel Insurance, Holiday Extras and Santander.

FOR THE FULL LIST OF 2022 AWARDED TRAVEL INSURANCE PRODUCTS, PLEASE CLICK HERE.

This year’s Five-Star awarded providers include:

Avanti Travel Insurance, Cedar Tree Travel Insurance, Co-op Travel Insurance, CoverForYou, Go Walkabout Travel Insurance, Holiday Extras and Santander.

FOR THE FULL LIST OF 2022 AWARDED TRAVEL INSURANCE PRODUCTS, PLEASE CLICK HERE.

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

“With confidence in the travel market returning to normal and people jetting off abroad becoming common, more consumers will be looking to protect their long-awaited holidays against the worst happening. This is especially so in this time of rising costs when every penny counts.

“Again, this year, Moneyfacts has assessed the travel insurance market looking at the policies available. In a market of hundreds of products with an ever-expanding number of features to choose from, finding the best policy for each customer’s specific needs can prove challenging.

“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 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.”

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

“With confidence in the travel market returning to normal and people jetting off abroad becoming common, more consumers will be looking to protect their long-awaited holidays against the worst happening. This is especially so in this time of rising costs when every penny counts.

“Again, this year, Moneyfacts has assessed the travel insurance market looking at the policies available. In a market of hundreds of products with an ever-expanding number of features to choose from, finding the best policy for each customer’s specific needs can prove challenging.

“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 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.”

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

 

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