How Much Money Can You Really Make Driving For Uber Or Lyft? Being a driver for Uber or Lyft seems like a great side hustle. New Lyft drivers can even earn a $300 sign-up bonus after completing 100 rides in 30 days. If you believe those ads, driving with a ridesharing service seems like the ideal side gig.
It’s All About Putting In the Time. At the end of the day, Lyft driver earnings boil down to how drivers manage their time. Full-time earnings (driving from 45 to 50 hours a week ) can reach around $800 per week with Lyft, after expenses.
It varies wildly but, generally, on a Saturday, in a major metro area, and with 12 hours of work, you can make over $200 but it still fluctuates based on riders. Sometimes I get good money by riders that leave the metro area but I don’t get rides back into town.
Average Lyft Driver yearly pay in California is approximately $38,408, which is 20% below the national average. Salary information comes from 138 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
As Rideshareapps.com points out, drivers are also responsible for gas expenses, maintenance and taxes.
No, Uber and Lyft do not pay for the gas that their drivers consume. The driver pays the fuel expenses for every trip. Both Uber and Lyft drivers have to pay for the gas because they are not employees of Uber or Lyft. They are independent contractors; therefore, they have to pay for their own expenses.
Learn more about how driver pay works and how to track your weekly earnings in the Lyft Driver app. Time: Get paid for each minute of every trip, based on your city’s per-minute rate. Distance: Get paid for each mile of every trip, based on your city’s per-mile rate. Tips: Bonuses:
Unfortunately, no matter the circumstances, bringing a kid or spouse along for your ride is against company policy for both Uber and Lyft.
Lyft rentals cost around $200 – $250/week. Renting can be a good option if you want to try driving for Lyft without having to buy a car, but expect to drive at least 35 hours per week to make the cost of the rental worth it.
Weapons policy Lyft has a strict “No Weapons ” policy for all of its properties. This includes Lyft Hubs and service centers. Our “No Weapons ” policy applies when you are doing business as a representative of Lyft, which includes times that you are driving for Lyft, as well as times that you are visiting a Lyft Hub.
You need to work 6 hours per day and you should be able to clear ‘at least’ $100.00 per day after you paid Uber commission and your fuel expenses. But make sure that you pick up the busy periods in which case you may have to work less than 6 hours to make this money.
After paying all expenses, and after the app takes its cut, drivers for a service like Uber and Lyft average between $8.55 and $11.77 per hour.
An express pay will be in your bank account typically within 15 minutes. You will have to register a debit card to do this so that lyft will be able to deposit your money into your bank account. You can get paid at anytime with the express pay as long as it is over a $5 minimum.
If you’re simply looking at which company’s drivers make more, Lyft’s hourly average of $17.50 is higher than Uber’s average of $15.68. Lyft also boasts better driver satisfaction. When asked whether they were happy driving for the company, 75.8% of Lyft’s drivers said yes.