Sabine VanderLinden, CEO and venture partner of Alchemy Crew Ventures, said states have lowered auto insurance premiums by easing rules while maintaining coverage, citing New Jersey rideshare reforms where $1.5 million mandates account for roughly 32% of costs. She noted that Uber supports rules aimed at lowering fares and expanding gig worker access.
“Smart move by these states,” said VanderLinden. “When regulations get streamlined, everyone wins with lower premiums and solid coverage. Real proof that less friction creates better outcomes.”
According to VanderLinden’s response on X to a Wall Street Journal opinion piece, she praised the approach taken by some states in lowering auto premiums through eased insurance rules and reduced litigation. She noted that such policy adjustments can benefit all parties involved by streamlining processes and improving economic outcomes related to coverage accessibility.
In New Jersey, rideshare services are required to maintain $1.5 million in liability coverage during trips, which is significantly higher than the requirement for personal vehicles. This results in nearly one-third of rider fares being allocated to insurance costs, prompting calls for reforms to reduce premiums and enhance affordability for both drivers and users.
Across the United States, similar mandates influence fare structures nationwide. For instance, reforms in Florida have reduced the insurance portion of rides to 19 percent following changes in tort laws. Uber has been promoting aligned policies aimed at reducing burdens on drivers and fostering growth within the gig economy.
VanderLinden also serves as CEO of Startupbootcamp, leading initiatives focused on digital ecosystems and startup acceleration with an emphasis on technology integration. Additionally, she hosts the Scouting for Growth podcast, recognized for its insights into innovation. As a tech ambassador, she advocates for AI applications and supports women in tech fields through her work on future work trends.
