LIVE - the second variant is simply an initialized version of the first.
RIDE-IN - This verb can be used with vehicles that one would actually
enter and sit down in. Examples include a car, a bus, a train, a plane,
or a boat.
RIDE-ON - This verb can be used for vehicles that you would straddle
with your legs (such as a bike, a jet ski, or a motorcycle), or for
riding on animals (like a horse, a bull, or a small child riding on a
dog).