Foremost Insurance Overview
Foremost Insurance was founded in 1952 with the plan to insure mobile homes in the United States. As the company grew, they began to add more traditional insurance products such as auto, home and recreational vehicle insurance. Foremost is a wholly-owned subsidiary of Farmers Insurance, and is headquartered in Caledonia, Michigan.
Foremost operates primarily through agents, so customers are unable to buy directly over the phone or on their website. Any Farmers Insurance agent can sell a Foremost policy, as can many independent insurance brokers. Foremost has different underwriting guidelines than their parent company Farmers, so the policy quotes often come out different depending on the individual or family. Exclusive Farmers agents will often run a quote through both companies to see what the better deal is.
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Foremost Insurance Products
Since Foremost is owned by Farmers, consumers will often get access to both lineups of insurance products. Farmers has a larger list of products they sell, so anything an individual needs that is not readily available through Foremost, can usually be supplied by the same agent.
As far as personal insurance, Foremost focuses on auto, home, and recreational vehicle coverage. They also offer less popular polices like flood and vacation home insurance. For businesses they can provide a standard business owners policy, commercial auto, workers compensation, and umbrella protection. Businesses requiring more specific coverage can do so through Farmers.
Foremost Insurance Rates
Foremost uses different underwriting guidelines than their parent company, Farmers, so their rates will generally be dissimilar depending on the person or business being quoted. Quotes can only be obtained by a licensed Farmers agent or independent broker that is approved to sell Foremost policies.
Insurance companies that operate solely through agents typically charge more for their insurance plans because they must pay a commission on top of the service. This is a very broad generalization, since each company has their own underwriting guidelines, but overall it holds true. Since Foremost polices can only be purchased through an agent, consumers should compare with other companies to make sure they are getting a good rate.
Foremost Consumer Complaints
Foremost Insurance has been accredited with the Better Business Bureau since 1998 and currently maintains an A+ rating. In the past three years there have been over 70 complaints filed with the BBB, and 31 in the last 12 months. The majority of complaints reported centered on “Problems with Product/Service.”
Foremost Overall Rating
As with Farmers, Foremost is a decent pick for someone who wants to work with an agent because they have a complicated insurance portfolio or business. They have the financial backing of Farmers, so there is little fear of claims not being paid due to insolvency.
That being said, price conscience shoppers and people with very simple insurance needs may find better pricing with a direct insurer like Esurance or GEICO. Not everyone will get a lower rate with one of these direct providers, but anyone working with an agent on a Foremost quote may as well pull up these sites on their smartphone for a quick comparison.
Foremost Contact Information
Foremost Insurance was founded in 1952 with the plan to insure mobile homes in the United States. As the company …
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About the Author
I am a former insurance agent turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.