Famous Car Insurance

famous insurance

Famous Insurance is a provider of car and motorbike insurance. It insures a variety of vehicles including classic, collectable, high performance, sports and vintage cars.

What types of car insurance does Famous Insurance offer?

Famous Insurance offers comprehensive cover (including third party property damage cover) and storage, transit and restoration cover.

Benefits of Famous Insurance’s comprehensive car insurance include coverage for accidental or malicious damage, storm, flood or fire, theft or attempted theft, and legal liability for damage to the property of others after an incident with your vehicle.

Famous Insurance’s storage, transit and restoration cover features the same benefits for damage as comprehensive cover but does not provide cover if your vehicle is being driven under its own power, other than when it is being loaded for transportation.

Read the Famous Insurance PDS for more information on cover inclusions and exclusion, limits and excesses as well as any other conditions that apply to its cover.

Canstar does not currently compare Famous Insurance car insurance, but you can compare other car insurance providers on our database.

Compare Car Insurance

What additional features does Famous Insurance offer on its car insurance products?

Additional benefits of Famous Insurance’s comprehensive car insurance include: car replacement for a total loss within two years, cover for emergency accommodation and towing, cover for accessories and modifications, cover for a hire car in the case of theft or an incident, windscreen or broken window glass cover, and key and lock replacement.

Read Famous Insurance’s product disclosure statement (PDS) for full product details and to find out about the terms and conditions that may apply.

Compare Car Insurance

Famous Insurance car insurance FAQs

Famous Insurance allows you to choose between an agreed value or market value. However, it says that, in some cases, you will not be able to have an agreed value cover. If you’re not sure which one would be best for your vehicle specifically, here’s an article which explains the difference between market value and agreed value.

First, consider comparing car insurance policies with Canstar to find a product that suits your needs.

Compare Car Insurance

After comparing, if you choose to go with Famous Insurance, you can get a quote over the phone or through its website.

Famous Insurance says you can pay by making an annual payment or by paying in installments (however, it notes that an installment fee will apply if you choose to pay in installments). Read the PDS for the terms and conditions.

 

Famous Insurance does not specify whether you can nominate a higher or lower basic excess. Famous Insurance says your basic excess will be based on factors such as the age of named drivers, your driving and claims history, the type of vehicle to be insured and the usage of the vehicle to be insured.

Your excess may affect the cost of your insurance premiums – a higher excess will typically result in a lower premium, while a lower excess will typically result in a higher premium.

You can lodge a claim with Famous Insurance over the phone or by email. You can also submit a claim form on its website.

Consider comparing car insurance policies before simply renewing the same policy, so that you continue to get the cover you need as well as value for money.

Compare Car Insurance

When your current policy is about to expire, Famous Insurance says it may send you an invitation to renew your policy. This will set out any changes to the premium or the cover.

If you decide to cancel your policy, Famous Insurance says you can do this at any time by advising it in writing, over the phone or electronically. Famous Insurance says it charges a cancellation fee of $20 plus GST and an agency fee of $50 plus GST. Read the PDS for the full terms and conditions.

Famous Insurance provides insurance for classic and collectable cars, high performance, exotic, sports and vintage vehicles. It also provides cover for motorbikes, scooters and dirt bikes. Famous car insurance is underwritten by RACQ.

Compare Car Insurance

Written by: Tamika Seeto | Last updated: March 5, 2020