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Anyone who is looking for the best providers of car and commercial vehicle insurance will be delighted to learn that the Moneyfacts Annual Star Ratings for these have just been revealed.
Our latest 2020 Five and Four Star ratings for car and commercial vehicle insurance serve to highlight the very best products from across the whole marketplace.
Thousands of products are assessed by Moneyfacts on an annual basis, across 16 categories, from business and personal finance products to insurance and investment products. It is down to the extensive analysis of more than 2,000 data fields that enables Moneyfacts to award its Star Ratings every single year, helping to support consumers with their decision-making process.
A Moneyfacts Survey in July 2019 illustrated that over three-quarters (77%) of consumers agreed that independent Star Ratings was an important part of choosing a new financial product. In addition, 91% of consumers confirmed that a Star Rating from an independent and impartial company could influence their decision in which financial products to purchase.
The latest Moneyfacts Annual Star Ratings derive from the analysis of over 80 fields of information per individual product.
Numerous features are considered when assessing car and commercial vehicle insurance ratings, and some of this information includes:
Car Insurance
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Commercial Vehicle Insurance
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Samantha Owens, Star Ratings & Personal Finance Analytics Manager at Moneyfacts, commented: ”Insuring your personal or commercial vehicle is an expense that cannot be avoided, but finding the best policy for your money can make all the difference when it comes to a claim.
“However, with such a range of coverage available on the policies for both car and commercial vehicle insurance, finding the one with the best range of features and most competitive limits can be challenging.
“The Moneyfacts Annual Car Insurance Star Ratings and Commercial Vehicle Insurance Star Ratings take away some of this work, allowing the customer to filter down and choose the best policy for them, by highlighting the most comprehensive products in the market."
To see the full list of awarded products, please click here for car insurance and click here for commercial vehicle insurance. These are the first set of 2020 Moneyfacts Annual Star Ratings and many more are to come.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
