Why I Believe NYC Rideshare Will Be A Professional Full-Timers Market (Hint: Insurance)

Today's TLC email coupled with a recent Streetsblog story is an important reminder that NYC is a unique "rideshare" market that will eventually only consist of full-time professional drivers

How NYC TLC liability (aka NYC rideshare) insurance works and why it costs so much has always intrigued me. It is often the largest expense, outside of the vehicle itself, that most NYC TLC fleets and drivers face. While exact figures are hard to come by, most NYC TLC drivers pay between $3,000 to $4,000 (fleets $5,000 to $6,000) of insurance premiums p…