Insurance: no-fault; deductibles for PIP benefits; require insurer to offer. Amends sec. 3109 of 1956 PA 218 (MCL 500.3109).

HB 5030 would require Michigan auto insurers to offer policyholders the option of adding deductibles to their personal protection insurance (PIP) benefits, which cover medical costs and lost wages after accidents. Insurers must provide deductibles in $1,000 increments (up to the average annual benefit amount for similar accidents in Michigan) and reduce premiums proportionally. This applies only to benefits paid to the policyholder, their spouse, or household relatives. The bill does not change existing PIP coverage but gives consumers a choice to lower premiums in exchange for paying more out-of-pocket for covered medical and injury expenses.