Safeco, part of Liberty Mutual Group, has filed its annual motorcycle insurance rate certification with the Florida Office of Insurance Regulation, confirming that its current rates remain actuarially sound ahead of a July 11, 2026 effective date.

The certification, signed by Senior Actuarial Analyst Jorie Steinberg, states that the insurer’s motorcycle rates comply with Florida statutory requirements and are not inadequate.

The filing reports approximately 5,597 policies in force and $3.4 million in annual earned premium. Safeco reported an average incurred loss ratio of 66.3%, an expected loss ratio of 69.0%, a 31.0% expected expense ratio, and an 8.0% expected profit margin and contingency factor.

The previous certification for the program was completed on December 12, 2024.