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Foremost Revises Michigan Classic Car Coverage

Foremost Insurance Company has secured approval for updates to its Modified Auto Collectors Program in Michigan, effective July 1, 2025. The filing includes revised forms, rates, and rules, with key changes related to Michigan Catastrophic Claims Association (MCCA) assessment fees. Fees for policies with unlimited Personal Injury Protection (PIP) will decrease—from $70 to $59 for non-historic vehicles and from $14 to $11.80 for historic vehicles. Conversely, fees for limited PIP coverage will rise to $23 and $4.60, respectively. Foremost has also updated its Michigan Selection of PIP Medical Coverage form in line with DIFS Bulletin 2025-07-INS and clarified policy language regarding definitions, exclusions, and post-claim procedures. These updates result in no change to existing rates, with a negligible premium impact of -0.4% across 52 policyholders.

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