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Uber vs. Taxi: What’s the Difference? | TheStreet

Uber vs. Taxi: Cost
Uber and taxi alike have some similar metrics for determining price – including distance and time. But how do the services charge you differently, and is one more cost effective than the other?

Uber
One major difference between the way Uber and taxis charge customers is that Uber don’t charge based on moving or stop-and-go traffic, while taxis do. However, Uber does charge surge rates (for times of day or night that have a higher volume of traffic or cars on the road) – especially during rush hours.

And while Uber, unlike taxis, gives users an estimate of the fare, it cannot predict the final price of the ride due to conditions that may change.

Still, the app offers several different kinds of cars that vary in price – from standard rides to SUVs. Uber has a ride price estimator on their site, depending on what city you are in.

UberX: Uber’s standard ride – professional or average drivers, standard cars, with prices (for New York City prices) starting with a base fee of $2.55, with 35 cents per minute and $1.75 per mile. Subject to surge prices for busy times. Minimum fare is about $7.

UberXL: Meant for larger groups (up to six people), with professional and regular drives with cars and SUVs. Pricing (for New York City) starts at $3.85 base fees, adding on 50 cents per minute and $2.85 per mile with a typical minimum fare of about $10.50.

UberBlack: Uber’s Black car experience is more luxury than its regular rides – with professional drivers and higher-end cars. Base fares start at $7 (for New York City), accumulating 65 cents per minute and $3.75 per mile for a total minimum fare of around $15. UberBlack accommodates between one and four people.

UberSUV: The larger version of UberBlack, UberSUV employs professional drivers and luxury SUVs to drive up to six people. Base fares start at $14 (for New York City), with an 80-cents per minute charge and a $4.50 per mile charge added on. Minimum fares for UberSUV typically start at $25.

UberT: Ironically, Uber also offers a taxi service, which connects users of the app to yellow cabs around the city (specifically in New York City). The base fee for ordering a taxi through Uber is $2.50, with 50 cents added for every 1/5 mile and 50 cents added every minute or when the vehicle isn’t moving or is in slow traffic.

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Uber vs. Taxi: What’s the Difference? – TheStreet.

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