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Bill

SB 775

Insurance; increases fees for vehicles, etc.

2026 Regular Session Introduced by Mitchell Cornett and 1 co-sponsor

SB 775 increases vehicle insurance-related fees in Virginia, advancing through Commerce and Labor with unanimous support pending Finance and Appropriations review.

Fiscal Impact Statement from Department of Planning and Budget (SB775)
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WeVote Research Nonpartisan
Bill Summary · SB 775

Legislative bill overview

SB 775 increases fees associated with vehicle insurance or vehicle-related insurance products in Virginia. The bill has progressed through the Commerce and Labor Committee with unanimous approval (13-0) and is currently under review by the Finance and Appropriations Committee. A fiscal impact statement from the Department of Planning and Budget has been generated, indicating the measure carries budget implications.

Why is this important

Fee increases directly affect Virginia residents' costs for vehicle insurance compliance and registration. The fiscal impact statement suggests measurable financial consequences—either increased revenue to the state or costs to consumers—making this substantive policy affecting a large portion of the driving population. The bill's progression through two committees indicates legislative support, but the Finance and Appropriations review suggests budget concerns require careful evaluation.

Potential points of contention

  • Consumer cost impact: Fee increases may burden lower-income Virginia drivers already facing rising insurance premiums and vehicle ownership costs
  • Revenue allocation transparency: Unclear how increased fees will be used and whether benefits justify costs to consumers
  • Insurance market competitiveness: Potential concerns about whether state-imposed fee increases could affect insurance availability or competitiveness in Virginia's insurance market

Compiled from official sources — confirm details with the bill’s official record.

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