Foremost submitted a rate and rule filing in Texas for its Select 4.0 private passenger auto program, requesting a modest overall rate decrease. The filing would apply to new business beginning March 13, 2026 and to renewals starting April 21, 2026.

The insurer reported an overall rate change of -6.8%, compared with an actuarially indicated change of -5.7%, meaning the selected rate decrease is slightly larger than what the company’s loss experience alone suggested. The change is expected to reduce written premium by about $33.5 million across approximately 143,523 policyholders in Texas.

The program currently generates around $493 million in written premium in the state. Individual policy impacts are limited, with rate adjustments capped between +3% and -3% depending on risk characteristics.

The filing also updates rating variables used to determine premiums. These include factors related to household structure, underwriting tiers, territory, vehicle characteristics, driver history, prior insurance activity, verified mileage, payment behavior, and policy tenure.