Ridesharing Saves Money

Using services Like Lyft or Uber can save you money when commuting

It’s no secret, ridesharing saves money. Top Rideshare App’s recently took a survey of over 100 applicants that we have also now provided on site, regarding their monthly cost for ridesharing (take the survey below).

When we compared results to maintaining a vehicle, the cost of fuel, insurance and a car payment in some instances, the results were dramatic. Take a look below for more information:

Average Fuel Cost Average Car Payment Average Insurance
$2.27 $479 $236

Combined, the expenses of owning a vehicle can easily reach a total amount of 600+ per capita.

Average Lyft Trip Average Uber Trip Other Rideshare Service
$6.00 – $8.00 $8.00 – $12.00 $6.00 – $10.00

Based on the survey aforementioned, most rideshare riders also estimated that they take 15 trips per month on average. It’s important to note that these estimates were provided by individuals who did not or were not using a vehicle at the time of the survey.

If we do some simple math we can conclude that the average monthly cost one would incur while using Lyft or Uber fifteen times a month would be anywhere from $90.00 to $180.00. That is an estimated savings of 400.00 or more, per month! If you used said services even less, the savings would be even higher.

Why Ridesharing Saves Money

Ridesharing Saves Money

The reason that Lyft, Uber and other ridesharing platforms can offer rates that meet or exceed traditional cabbing is because they have no overhead. What do I mean by this? Well, traditional taxi services also have many things to consider. Some of those things are:

  • Maintenance and also Repair Costs
  • Vehicle Purchase Costs (Fleet)
  • Fuel
  • Dramatic Insurance Increases
  • Driver CDL Requirements

Because of these things, fleet services have to increase their prices to keep up with the requirements of local laws as well as maintaining their assets. In contrast all Lyft and Uber are responsible for is connecting riders and drivers for daily commuting needs.

More ways to save money ridesharing

When taking your first ride make sure to use a Lyft or Uber promo code. While this code is only available once for introductory riders it can save you anywhere from $10 – $50 when you signup. For more information on promotional codes for Lyft and Uber, please also visit this link.

Take our monthly ridesharing survey

How many trips do you take monthly through a rideshare service?

1-5
5-10
10-15
15-20
20+

surveymaker

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