Fees: The city requires a $1,000 licensing fee for new cab companies in Madison. In addition, there is a yearly renewal fee of $500. Vehicle permits and driver permits must also be obtained from the...

Fees: The city requires a $1,000 licensing fee for new cab companies in Madison. In addition, there is a yearly renewal fee of $500. Vehicle permits and driver permits must also be obtained from the city. Costs are $40 per vehicle and $25 per driver. The company fees make it less affordable for individuals and small companies to enter the market. Regulations requiring adequate taxi insurance increase the cost of operating a single cab to over $4,900.