What is defaqto and how does it work? Defaqto is an independent service that compares financial products. Defaqto analysts study the financial market for services and products, before giving them a star rating based on the features and benefits they offer, with 5 stars being the top rating.What is defaqtos criteria for rating products? Defaqto hasn’t published their core criteria, although last year Defaqto defined the terms that financial services providers must use when describing their Star Ratings. Five-star products, for instance, must have ‘comprehensive’ levels of cover or features.Is defaqtos car insurance rating accurate? A low-rated car insurance product could, for example, have a low price whilst satisfying a driver’s legal obligation to be insured. Whilst Defaqto’s ratings may be impartial, that doesn’t mean their always correct.How do i find the defaqto star rating? When comparing travel insurance, the Defaqto star rating for an insurance provider will be shown on the quote results page, so you can see which providers have the highest rating. When comparing credit cards, the Defaqto Star Rating will appear when you expand the ‘More details +’ section.
Defaqto is an independent researcher of financial products, focused on providing intelligence to support better financial decision-making. At its heart is its financial product and fund database consisting of data from across the whole UK market.