MI HB4907

Prohibits automobile insurance companies from establishing rates or rating classifications based on the zip code where an insured resides or works.

Allows automobile insurance classifications based only on specified factors including driver age/experience, driver primacy, vehicle characteristics, accident prevention course completion, and amount of insurance.

Prohibits automobile insurance rates or classifications based on sex or marital status.

Requires insurers to establish a merit rating plan for automobile insurance (other than comprehensive coverage) that includes premium surcharges for at-fault accidents and traffic violations.

Establishes permitted rating factors for home insurance including amount of coverage, security devices, construction type, loss history, fire protection class, and distance from fire hydrants, while allowing home insurance risks to be grouped by territory.