1st February 2012
Hasting Direct's standard and premier motor insurance products have been rated with comprehensive motor insurance policies across the UK by independent experts Defaqto and received its top 5 Star Rating.
A Defaqto Star Rating reflects the quality of a financial product, helping consumers to make a more informed decision about which product best suits their needs. Star Ratings assess 47 different features and benefits of comprehensive motor insurance policies and score each from 1 to 5. Five being the highest level of a feature and the overall score determines the Star Rating. Star Ratings reflect the range and level of features and benefits offered by each product, not its price.
Mike Powell, Defaqto's Insight Analyst for General Insurance, said: "When buying motor insurance it is essential that people match the features and benefits they need with those provided by the product they choose. If consumers focus on price alone they can run the risk of not including the cover they actually need.
Hastings Direct is one of the UK's fastest growing retailers of insurance products offering car, van, bike and home insurance. In the New Year, the company celebrated selling its 1,000,000th policy and was named Personal Lines Broker of the Year in December 2011.
Chris Hawkes, commercial manager, Hastings Direct: "We are constantly trying to improve our products for our customers at no additional cost, so we are delighted that our motor insurance has been independently recognised by Defaqto with its top Star Rating. Defaqto Star Ratings offer consumers a good benchmark and achieving a 5 Star Rating means our customers can be confident that our car insurance policies are not only a great price, they are amongst the most comprehensive policies on the market. When comparing something as complex as car insurance, where two drivers of the same age with the same car will often have completely different price points as so many other risk factors come into play, its great to have a simple, reliable way to demonstrate the quality our policies offer.
Tobias van der Meer, managing director at Hastings: "At a time when many people are feeling financial strain and shopping around to get a better deal, we're excited to be increasing our cover and also battling to reduce the overall cost of insurance. Being able to offer many consumers who switch to us both a higher quality product and an average saving of up to £454* is why we're growing at such a pace. We welcome the recognition for our motor insurance products by Defaqto which provides customers and potential customers with an independent assessment."