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The Pub For General Automotive Related Talk |
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#1 | ||
Last of the late brakers!
Join Date: Jul 2008
Location: Melbourne
Posts: 38
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Does anyone have any experience with Famous Car Insurance?
I've been offered full comprehensive cover and a considerably higher agreed value for a premium which is over 30% better than my present (reputable) insurer's renewal offer. I'm aware that if something looks too good to be true it probably is. Having said that, I understand this is a relatively new insurance company which may be offering heavily discounted premiums to get a foothold in the classic, collectible and performance car insurance market. The most important thing to me is what I describe as genuine choice of repairer. Most offer what they call choice of repairer yet when one reads the fine print there's various caveats. I'd particularly like to know if anyone has made a claim with Famous, what the process was, and how agreeable or otherwise they were.
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Current stable 2007 BFII Falcon XR8 sedan, Conquer, ZF 6 speed sequential Paper Tiger catamaran, Spinnaker Red, 14 feet, 100 square feet of sail Gone to a good home 1978 XC Fairmont GXL sedan, Midnight Blue, 5.8 litre, 4 speed manual |
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#2 | |||
Performance Inc.
Join Date: Aug 2008
Location: In a cave
Posts: 2,554
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Famous is a specialist insurer of motorcycles who approached CAMS late 2014 with a proposal to partner them in car insurance. Altho it wasn't spelled
out, we assumed Famous wanted access to the CAMS membership as prospective clients. A focus group couldn't see how Famous could match the performance of the established players such as Shannons & Lumleys so decided that unless Famous could come up with some special gimmick they shouldn't get into car insurance. Well they've come up with lower premiums & the track-day limited cover. Trackday Insurance L2S or below CAMS sanctioned events upto $10,000 cover = $555.00 p.a. As for claims personally I have no experience as I have LSV insurance, some Lotus owners have used Famous just for the extra track day cover as we have events on at least once a month either a Lotus only track day, Burrows drive day or the CSCA sprint cup rounds.
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In The Garage... ![]() FPV Super Pursuit Build no 0080/91 Lotus Exige S/C S240 Kart Hasse Chassis 100J Power Quote:
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#3 | ||
Regular Member
Join Date: May 2013
Posts: 216
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I asked for a quote for full comp on an up coming XR6 Sprint and the premuim was about the same compared to racv in vic but the excess was a little more.
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#4 | ||
FF.Com.Au Hardcore
Join Date: Jul 2010
Location: NSW
Posts: 4,324
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If you think a quote seams to cheap, check the PDS. It's boring, but it's better to know what you miss out on to save 30% a year.
I look at the PDS on every type of insurance before buying. |
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#5 | ||
Last of the late brakers!
Join Date: Jul 2008
Location: Melbourne
Posts: 38
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FPV+fteT3, that is interesting. I did notice the track day cover which I don't need (I'm a cat racer, not a car racer) in the PDS. Apparently one or more of the Famous directors are former Shannons directors.
Mainforcepatrol, my current insurer is indeed RACV. The quotation I have from Famous is using the same excess as I have with RACV. I doubt if RACV will negotiate, they haven't in the past.
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Current stable 2007 BFII Falcon XR8 sedan, Conquer, ZF 6 speed sequential Paper Tiger catamaran, Spinnaker Red, 14 feet, 100 square feet of sail Gone to a good home 1978 XC Fairmont GXL sedan, Midnight Blue, 5.8 litre, 4 speed manual |
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#6 | ||
Lucifer's Angel
Join Date: Dec 2004
Location: Sydney
Posts: 5,282
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I'm pretty sure they were the company that took over the group that bought out my old insurer. I was with a company that specialised in under 30s with "performance" cars, as I bought the XR6 at 22, and no one wanted to cover me.
Eventually they decided that they would no longer cover anyone under 30, so basically wiped out the business they'd just bought. Seemed like a stupid move to me, but I never had to claim, so I don't really know what they're like to deal with. Gave them the flick and moved my car to our fleet policy, who were more than happy to cover the car, given they were previously happy to cover me in tourist coaches anyway.
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![]() ![]() Blueprint, manual, 4490's, Redback 2.5" dual exhaust, BA Typhoon rims, tint, fog light covers, BF tailights, blue illuminated window switches, Ghia bootlid carpet, lower grille, FPV door spears, steering wheel & interior bits, XR6T + F6 intake, K&N filter, Typhoon spoiler, tuned, sway bars, custom angel eyes & plates..YUM!
If there's one thing guys in Holdens hate more than being beaten by a Ford... It's being beaten by a girl driving a Ford ![]() |
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