Making a decision on a financial product like home or car insurance can be a big headache.
That’s why Gocompare.com has teamed up with market research specialist Defaqto to make its comparison service more informative and easy to use than ever.
Now, you’ll be able to see up to 30 features on selected financial products, so you can be sure that your hard-earned money is getting you the cover you need.
Selected insurance policies and products on Gocompare.com also have a ‘star’ ratings - just like hotels. And just like with hotels, you can select a deal to suit your needs and budget.
Now, if you’re buying car insurance you’ll be able to see if you’ll be covered for the loss of your keys, whether you can choose your own repair centre or if you’ll get a courtesy car as standard - plus a whole lot more - with just a click of a mouse.
With home insurance quotes you’ll be able to instantly see if your bike is covered under your home insurance, or if your home will be covered for damage caused by an unruly pet. You can even find out if the food in your freezer will be covered if it breaks down, along with all sorts of other information.
When it comes to financial products, it’s safe to say Defaqto really knows its onions – the company has long been at the forefront of rating, comparing and analysing financial products and funds, having built the largest, whole-of-market, financial product database.
Claire Peate, customer insight manager at Gocompare.com said: “It’s all very well getting the cheapest insurance but if you don’t have the right product then you may well be throwing your money away.
“Gocompare has always focused on getting the right product at the right price, and to help our customers we’ve now partnered with an independent financial rating company Defaqto. Their technology gives you jargon-free, easy to use information on the product features so you can be confident you get what’s right for you and your family.”
Meanwhile, Mike Powell, insight analyst for general insurance and Defaqto, said: "Defaqto's aim is to help people make better financial decisions. It is critical for people to match the features and benefits of an insurance policy with the cover they need and not focus on price alone, to avoid any surprises if and when they need to make a claim. By using our unbiased feature information and independent star ratings, as well as price information already available on Gocompare.com, consumers have the information they need to make fully informed purchasing decisions."