Compulsory Third Party insurance premiums for metropolitan taxis and rideshare vehicles will soon be aligned, with Adelaide taxi operators set for a significant reduction.
The change will apply to registration renewals due on or after 1 September 2026, and to all new registrations from that date.
The independent CTP Regulator has determined new premium ranges for metropolitan taxi and rideshare vehicle classes. The State Government says the move creates a fairer and more consistent approach for vehicles providing the same type of point-to-point passenger transport service.
Under the new structure, metropolitan taxi premiums will fall, while metropolitan rideshare vehicle premiums will rise.
Taking tax credit entitlement status into account, the annual metropolitan taxi premium will reduce from the 1 July 2026 premium to $1,339.09. That is a decrease of $1,374.57, or 51 per cent.
For annual rideshare vehicle premiums, the cost will rise to $1,298.05. That is an increase of $191.74, or 17 per cent.
The change recognises that metropolitan taxis and metropolitan rideshare vehicles operate in a comparable way. Both provide commercial point-to-point passenger transport, travel across the same metropolitan road network, and are exposed to similar driving patterns, passenger activity and CTP claim risk.
There will be no impact for non-metropolitan taxi and rideshare operators, as the premium range for those vehicle classes is already aligned.
Treasurer Tom Koutsantonis said the new determination had been endorsed by Cabinet.
“The cabinet has endorsed this determination by the independent CTP regulator to come into effect later this year.
“It recognises that metropolitan taxis and rideshare vehicles operate in a comparable way, with both providing commercial point-to-point passenger transport, operating across the same metropolitan road network and with exposure to similar driving patterns, passenger activity and CTP claim risk.
“The new designation will see big savings for many drivers with smaller increases for others, but significantly aligns point-to-point passenger transport operators providing equivalent services.”
