Uber or Lyft, which company can I make more money driving for?
The Guru Take
You want to check commission rate, surge pricing, frequency of passengers, etc.
There are many different factors at play, and how much you can make will depend. Here are some factors you want to explorer:
- Commission Rate: Uber and Lyft currently charge about the same rate at about 25%. You can check their rates here on this page: Drive Payout & Take-home. [Tie]
- Surge Pricing: The surge pricing is a great opportunity to boost your pay. Drivers seem to agree that Uber generally has more surge and allow drivers more opportunities to capture those increased rates. [Uber]
- Tipping: Tipping is a culture that was embraced by Lyft, where as Uber has only allowed it in recent years. Drivers seem to agree that Lyft riders tip more, and this is after a few years of Uber offering the same feature on the app. This can also be attributed to the type of users who prefer Lyft over Uber. [Lyft]
- Passenger Flow: More customers, more money. Uber has a much higher passenger flow than Lyft, so there is significantly less wait time with Uber in most locations. Of course, this depends on which city and which location, so you may want to gauge the areas you want to work in. [Uber]
- Incentives: Both companies provide additional incentives to drive for them and to continue driving for them. This includes meeting certain number of fare within a predetermined time period for a bonus payout. These incentive bonuses seem to be consistent across both companies. [Tie]
Of course there are other factors than just money, but those are the four areas you want to focus on. Of course, many drivers choose to sign up for both companies. Uber has tried to disallow such behavior but as the drivers are independent contractors, it looks like they no longer try to enforce that requirement on their drivers any more.