Shared trips will save you money, but there's a catchīoth Uber and Lyft offer shared rides, which pair you with another passenger with similar pickup locations and destinations. This isn't an apples-to-apples comparison by any means, but I did want to see if there was a big difference in pricing: Uber versus Lyft: Field test ride Traffic was equivalent and so was the duration of my ride. It's important to know that the minimum cost for any Uber trip is a flat booking fee that's added to each trip.įor a field test of the pricing, I took an Uber to lunch and a Lyft back to the office an hour and a half later. The farther you're going, the more you can save by comparing them at the same time.Īs an example, Uber estimates an 8-minute, 2.9 mile trip in Louisville, Kentucky (where I live), on a Thursday at 2 p.m. It only takes a few extra seconds that can save you dollars. For example, if there are fewer drivers on the road during a busy time, either app might be pricier, even charging 1.5x the normal price during peak hours.īest tip: Load both the Uber and Lyft apps on your phone and compare the price at the time you want a ride. Prices can change based on demand and traffic for both services, which makes it tough to nail down which is cheaper when. Lyft and Uber both break down trip fees by the base fare, the distance, the duration of the drive and a fixed service or booking fee. Lyft and Uber go head to head for your business. (Skip to the end for the final breakdown.) Here's everything you need to know about Lyft's and Uber's ability to save you cash. It also helps to know how the services work, so you can be well informed when you pick a ride. That kind of calculation doesn't make it easier to understand which service will save you more bucks.īut there are some good rules of thumb to follow that can help you get the best possible rate, especially if you're a frequent rider. And so much about the final price comes down to where you are on a certain date at a certain time and how many Uber or Lyft drivers are on the road nearby. Uber's far less transparent pricing system makes it harder to see how much it costs on certain rides compared to Lyft. When it comes to saving money with ride-hailing apps, is one of them better than the other? The answer is yes, but not like you think. The Uber and Lyft ride-hailing apps have seemingly inscrutable ways for calculating how much you'll spend on a ride, and - while convenient - the prices do add up.
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