OnDemand WTP Pricing Research

Lyft vs. Uber: Which Is Best for Riders and Drivers in 2018? | TheStreet

Price Differences Between Uber and Lyft
While pricing for both Uber and Lyft is largely similar, it’s worth noting nominal differences.

Pricing for both ride-sharing services is $1 at the start of the ride, with a per-mile charge of $1.50 and a per-minute fee of 25 cents. Passengers should know that both Uber and Lyft drivers can trigger a “surge-time” price increase, when traffic is heavy and the demand for ride-sharing is high.

With surge, or so-called “prime” price hikes, each company tackles the issue differently.

Uber uses a multiplier surge pricing model, which simply adds the surge rate to the price of the ride, often doubling the price of the ride.
Lyft uses a surge pricing model that uses a percentage-based formula. For example, in rush hour conditions Lyft passengers may see their ride cost boosted by 50%, making a $20 ride cost $30, instead.
You’ll know in advance that a surge price is active (both companies let you know when you make a ride-sharing reservation.)

By and large, a ride with either Uber or Lyft can vary depending on a number of qualifiers, including the geographical location (i.e., a ride in New York City is likely more expensive than a ride in less crowded Sioux City, South Dakota. The cost is also based on the total mileage involved in the ride, as well as the time of day the ride is activated (rush hour and night-time rides are usually the costliest rides.)

As for tipping, in general, both companies allow for a gratuity for the driver, with Lyft and Uber drivers keeping 100% of the tip. Consumers can tip via the mobile app or by cash, for both Uber and Lyft drivers.

Both Lyft and Uber drivers can also split the cost of a ride, also using the mobile app.

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Lyft vs. Uber: Which Is Best for Riders and Drivers in 2018? – TheStreet.