MI HB5990

Restricts automobile insurance rates to five primary factors: driving safety record of at-fault accidents (greatest weight), annual miles driven (second greatest), years of driving experience (third greatest), coordination of benefits for personal protection insurance (fourth greatest), and any additional factors adopted by the director by rule (combined weight less than fourth factor).

Prohibits automobile insurers from using sex, marital status, home ownership, education level, occupation, territory smaller than city/village/township, credit information, credit scores, insurance scores, or price elasticity of demand to determine rates and premiums.

Removes previous provisions allowing automobile insurance classifications based on driver age, vehicle characteristics, commuting mileage, number of household vehicles, safety belt use, and earned income.

Establishes that use of any factor other than those listed in the statute constitutes unfair discrimination under chapter 20 of the insurance code.

Repeals section 2162 of the insurance code and excludes automobile insurance from the definition of "personal insurance" in section 2151.