HB 5096 Summary

• Prohibits automobile insurance rates from being grouped by postal zone or territory; insurers must apply classifications uniformly throughout Michigan.

• Establishes permitted classification factors for automobile insurance including driver age/experience, vehicle characteristics, mileage, driver primacy, and completion of accident prevention courses.

• Prohibits automobile insurance rate classifications based on sex, marital status, home ownership, education level, occupation, and credit score.

• Requires secondary/merit rating plans for automobile insurance that allow premium surcharges for at-fault accidents and traffic convictions, with timeframes matching secretary of state record retention.

• Permits home insurance risk grouping by territory and establishes allowed classification factors including coverage amount, security devices, construction type, and loss history.