Foremost Homeowners Insurance Review: Service, Cost & More

MoneyGeek reviewed Foremost homeowners insurance and gave it an overall score of 90 out of 100. Foremost earned impressive customer satisfaction, financial stability and affordability scores.

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Last Updated: 9/21/2022
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pros

This is an iconHigh customer care and claims handling scores
This is an iconMore coverage options than the industry average

cons

This is an iconNo way to buy coverage online
This is an iconLimited discounts

Verdict

Foremost receives an excellent overall score of 90 out of 100 based on MoneyGeek’s rating system. It receives high scores on all reviewed criteria, including customer satisfaction, financial strength and affordability.

While this insurer offers fewer discount options than the industry average, it offers more coverage options than the average. It even offers various other types of insurance, making it easy to have one company handle all your insurance needs.

You can get a quote online with this insurer, but you have to contact them to move forward with getting coverage.

Does Foremost Have Good Customer Service?

Foremost homeowners insurance earned a total score of 90 out of 100 for their overall customer service, according to MoneyGeek’s internal rankings. It received a high customer satisfaction rating, a lower customer complaint index and high financial strength.

Customer Satisfaction Rating

J.D. Power measures customer satisfaction index to determine a customer’s experience when it comes to the service or product offered. Guided by J.D. Power data, MoneyGeek’s internal ranking gives Foremost a 4.72 out of 5 on customer satisfaction. This means Foremost is able to provide quality service to its customers.

Customer Complaint Index

Foremost

You can get a sense of how easy it is to file claims with a certain provider by looking at its customer complaint ratios. An index lower than the national median of 1.00 means the provider receives lower complaints than the average provider. With a 0.43 NAIC score, Foremost provides its customers with an excellent product and service experience.

Financial Stability Rating

When buying from any insurer, make sure that your provider will be able to meet its financial obligations. AM Best rating scales look at a company’s financial strength and credit ratings to measure an insurance provider’s financial stability. AM Best gives Foremost an A+ rating, which means it has a superior ability to pay for claims.

What to Expect From Foremost Homeowners Insurance

Getting a homeowners insurance policy can be confusing. Get an overview of your buying journey by taking a look at these common services and features you may encounter when you buy Foremost homeowners insurance.

1

Getting a quote

To get a Foremost homeowners insurance quote, prospective buyers can either call 888-244-8092, contact an agent or get a quote online. It’s important to note that estimates may take two to three days to receive via email.

2

Customer support

Foremost customer service provides separate landlines for different concerns. You can either file a claim, pay a bill or inquire about policy services.

3

Filing a claim

Policyholders can either file a claim online or call the 24/7 hotline at 800-527-3907.

4

Canceling your policy

The same way as filing a claim, you can cancel your Foremost homeowners insurance policy by either contacting your insurance agent or reaching out to the hotline at 800-527-3905.

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FILING A HOMEOWNERS INSURANCE CLAIM WITH FOREMOST

Foremost’s contact support assists customers with filing a claim, paying bills or any concern about policy services. As a policyholder, you can either file a claim online or call the hotline at 800-527-3907. It is available 24/7.

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STATE AVAILABILITY

Foremost homeowners insurance policies are available in all 51 states (including Washington, D.C.). However, its coverages and discounts vary in each state.

How Much Does Foremost Homeowners Insurance Cost?

A typical homeowners insurance policy costs $1,979 per year. However, the cost of your homeowners insurance can be different and will depend on your unique homeowners insurance needs. Customers can submit an estimate request to find out how much is homeowners insurance through Foremost.

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  • Dwelling Coverage
    Annual Premium
  • 250,000
    $2,420

The cost of your homeowners insurance is dictated by numerous factors, including location cost coverage, personal coverage and deductible amounts.

A $250k dwelling coverage limit is a good starting point. However, you should have your property appraised to determine its actual value. This will ensure that you have enough coverage to protect your home in case of major damages. Since we all have unique homeowners insurance needs, the cost of Foremost homeowners insurance will also likely vary.

To get a ballpark estimate of homeowners insurance costs from Foremost, you can use MoneyGeek’s free insurance calculator.

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Home Insurance Calculator

State

Alabama

Dwelling Coverage

$100,000

Deductible

$500

Liability

$300,000

Personal Property

$20,000

Credit Score

Excellent
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low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

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MONEYGEEK EXPERT TIP

While it will be cheaper in the short term to take on a smaller coverage limit and deductible, you could struggle a lot if you do need the reimbursement money.

What Discounts Does Foremost Offer?

Foremost offers three savings opportunities to homeowners. This is less than the industry average of seven.

  • Discount
    Description
  • Senior

    Offers discounts to policyholders who are 50 years of age or older.

  • Age of Home

    Newer mobile homes may qualify for a higher discount

  • Bundling

    Save money by insuring another product like a boat or ATV

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MONEYGEEK EXPERT TIP

Foremost offers a bundling discount to homeowners who also have an ATV or boat that they want to insure. This allows them to save more money rather than buying from different insurers.

Which Coverage Types Does Foremost Offer?

Foremost homeowners insurance comes in different package options to accommodate unique homeowners insurance needs. The insurer prides itself on being able to provide insurance even for nonstandard homes, including those with newer, high-value properties to older, lower-value homes. Aside from the standard comprehensive property coverage and liability coverage, it also comes with optional coverage for homeowners with unique insurance needs. For example, Foremost offers flood insurance as an optional coverage.

Foremost offers a total of seven optional coverages, which is more than the national average of five. You can explore other optional coverages policyholders can opt for below.

1

Contents Replacement Cost

Covers the cost to replace your damaged items with new property of comparable material and quality, regardless of depreciation.

2

Extended Reimbursement

This coverage adds 50% of the insured amount as additional limits to replace your home in the event of a total loss. However, this may not be available in all states.

3

Home Rental

If you’re temporarily putting up your home as a rental, you can opt for this additional property and liability coverage.

4

Service Line

Get additional coverage for underground piping or wiring that connects your home to a public utility service provider or to a private system.

5

Equipment Breakdown

You can have major systems in your home insured so that you don’t have to pay out-of-pocket costs in case you need to get them repaired or replaced.

6

Scheduled Personal Property

Homeowners who keep valuable items inside their homes should opt for this additional coverage for added protection.

7

Flood

Foremost offers a National Flood Insurance Program in its policy which connects you to a professional agent to talk about what part of your home and belongings should be included in your coverage in the event of a flood.

When you are shopping for homeowners insurance, make sure you’re getting all the standard coverages. Sometimes, flood, earthquake and pest coverage is excluded from homeowners policies. If you need these coverages, you should check the fine print before purchasing a policy.

Keep in mind that you can sometimes get it as an endorsement or a separate policy. However, sometimes they are not available.

Because insurance needs are unique to each homeowner, an important step before buying a policy is determining how much home insurance coverage you need.

What Online Homeowners Insurance Tools Does Foremost Offer?

To provide a better user experience, Foremost lets its policyholders access the following tools and resources.

Other Foremost Insurance Products

Foremost offers more insurance products than just homeowners insurance. These are just a few of the other coverages you can purchase from the insurer.

  • Type of Product
    Description
  • Mobile Home

    Foremost is the first company to offer an insurance policy for this type of dwelling. It offers a comprehensive list of coverage and discounts for this type of insurance, including a mobile home park, multi-policy, etc.

  • Vacant

    Foremost also specializes in insuring vacant homes, such as properties that you want to put up for sale. This includes specific coverages that vacant homes actually need, like vandalism and malicious mischief, named peril coverage, etc.

  • Seasonal

    If you have a seasonal or secondary property that you want to insure, Foremost policies can be a solid choice that fits your seasonal home's needs. Unlike other insurers, you don’t need to have a primary residence to get this type of insurance.

  • Landlord

    This type of insurance from Foremost is well-versed in terms of what landlords need, including loss of rent, repair cost, liability limits and more.

  • Motorcycle

    Foremost offers motorcycle insurance with many coverage options. You can get your safety equipment, trailer and other optional equipment covered.

  • Recreational vehicles

    This insurer offers coverage for recreational vehicles, including boats, watercraft, RVs and much more.

Methodology

To evaluate Foremost as a homeowners insurance company, MoneyGeek analyzed the Foremost website, manually collected quotes and consulted consumer intelligence organizations such as J.D. Power, the NAIC and AM Best.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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