Foremost filed its annual motorcycle insurance rate certification in Florida, confirming that it will make no changes to rates effective January 1, 2027.

The filing covers approximately $495,000 in annual earned premium across 943 policies in force and reports an average incurred loss ratio of 63%, compared to an expected loss ratio of 68.4%.

While the company’s actuarial indications varied by coverage, including a 20% indicated increase for property damage and a 5.6% indicated decrease for medical payments, Foremost selected a 0% rate change across all coverages.

The filing states that the current rates are actuarially sound and not inadequate under Florida law. Overall, the motorcycle program showed a credibility-weighted indicated increase of 3.7%, but the company opted to keep rates unchanged.

Foremost’s Florida motorcycle book includes coverage for collision, comprehensive, medical payments, property damage, uninsured motorist, and liability.