Lyft offers drivers a more significant sign-up bonus and higher rates, but an Uber driver has more customers, and its requirements are more relaxed. Uber beats Lyft on vehicle options, coverage areas and innovation. But Lyft wins on pricing, customer support and brand image. Some drivers cover all their bases and choose to drive for both Uber and Lyft. Ride hailing apps are getting a lot of business these days. Two of the most popular ride sharing apps – Uber and Lyft – have exploded in growth over the last few years. It’s an exciting time for both riders and drivers. Uber and Lyft are similar ride sharing companies. Their apps are downloadable on both Android and iOS devices. The two companies keep on recruiting new drivers and if you are someone who loves driving, perhaps you should sign-up with both. If you are unsure of signing up with both companies, finding the following information will help you decide; The amount of income you’ll make The companies’ policies towards their drivers The amount of experience you need to be hired One other thing that you should consider to help maximise your income is a clever little gadget like GOFAR that monitors your car’s health and even your driving style. The affordable device can also take the hassle out of car servicing. The technology will find the best mechanics for you, get the sweet spot of your car’s engine to help you save fuel, and log your mileage for tax deduction purposes. As for Uber or Lyft, the following factors will help you choose between the two companies. What are the Financial Incentives for a Lyft or Uber driver? Lyft Has a Larger Signup Bonus than Uber Typically, lift offers a bonus that ranges between $500 and $700. Sometimes it may even go as high as $1,000. Depending on the city you drive in, Lyft offers substantially higher bonus than Uber. In fact, in some cities, Uber does not provide any bonus at all whereas, in others, it gives the bonus to drivers that have been on the platform for long. To earn your sign-up bonus from Lyft, you’ll be expected to give a certain number of rides. Depending on the city, the trips can range from 25 to 100. Lyft has Higher Rates than Uber What a driver earns depends on the city he drives in, the time of the ride, and many other factors. While Lyft drivers can make as much as $17.50 per hour, their Uber counterparts earn an average of $15.68 per hour. Another advantage of driving for Lyft is that the app allows the customers to tip the drivers whereas the Uber app does not. This dramatically increases the take-home income of the Lyft driver as compared with his Uber counterpart. Uber Has More Customers than Lyft Photo courtesy of Freepik Images by Alper Çuğun Both Uber and Lyft offer similar services, but Uber has more extensive coverage than Lyft. Ubers broad customer base allows its drivers to have better opportunities offering the ride-sharing services. Uber drivers are busier and get more consistent work compared to Lyft. Unfortunately, just as Uber is the most common ride sharing app in the market today, so is also the driver competition stiffer. If in a specific location there are many passengers to be picked up, expect that you will be competing for the customers with more drivers that would be the case with Lyft. Join Both Lyft and Uber Are you planning to earn your livelihood through a ride sharing job? It would be a great idea to work for both Uber and Lyft. None of the two companies offers limitations as to whether the driver can drive for another company. This policy provides the drivers with the added job security needed since you can pick up customers from Uber when Lyft pings are not forthcoming and vice-versa. Another advantage of driving for both companies the ability to avoid downtime. You can always respond to a ping from a customer from Lyft when you are already driving an Uber customer to his destination. What will be Your Driving Obligations? Lyft Gives a More Relaxed Start than Uber If you want to start your career as a ride sharing driver in a less stressful environment, try working for Lyft where you are unlikely to get back-to-back customer pings. Easing into ride sharing career as an Uber driver is a little bit more complicated as you get into a fast paced environment with cutthroat competition. Uber is Stricter with Rating Both Lyft and Uber have strict rating requirements for the drivers: if an individual driver’s rating slips below a 4.6, their position may be terminated. Uber average’s a driver’s most recent 500 ratings, whereas Lyft only tracks the most recent 100 ratings. Older scores are no longer counted. If as a rookie driver you attracted some lousy reviews from the customer, they’d only affect your overall score for a short time under Lyft. With Uber, low ratings earned in the first weeks of driving will bring down your average for much longer. Uber’s Car Requirements are More Relaxed than Lyft’s While both companies place specific vehicle requirements on drivers, Uber’s tend to be less stringent. Lyft only accepts drivers that have newer cars, while the Uber driver is permitted to have somewhat older vehicles. Take note that it does not matter which company you start to work for. You will still be required to have your car checked and serviced before you start responding to customer requests from the app. Check the Uber and Lyft websites for more information regarding the type of vehicle maintenance each requires. What is the Company Culture in Uber and Lyft? Lyft Culture is More Participatory Lyft’s culture is warm and welcoming, and these benefits accrue to their drivers. An excellent example of this culture is the ability of Lyft passengers to tip the driver through the app, a functionality that is not available on the Uber app. Another example of the participatory environment in Lyft is that if a customer rates a driver poorly, the app will make a note of this and will not match the driver and the customer again. Further, Lyft offers what are called “Power Drive Bonuses” to drivers who exceed a certain number of rides a week. This bonus allows busy drivers to keep a higher percentage of their fares. Uber’s Culture is More Professional Uber runs its business like a big corporation where the staff, including the regular Uber driver, is expected to act with decorum. The Uber driver is expected to open doors, carry luggage for riders and even dress professionally. Uber cars and SUVs are often black, and the company discourages personal accessories on or in the car. Uber also encourages drivers to have a separate phone used exclusively for the ride sharing app. Conversely, Lyft does not discourage drivers from using their phones to run the Lyft app. Lyft Has Better Driver Support Many a former Uber driver say they experienced a strained relationship with the company’s staff. On the other hand, Lyft encourages great relationships within the company and also with the customers. For example, Lyft sends drivers a “care package” consisting of a few small Lyft products after the driver has provided 1,000 rides to clients. Uber vs Lyft: Who Wins? Uber beats Lyft on vehicle options, coverage areas, and innovation. On the other hand, Lyft wins on pricing, customer support, and brand image. It all comes to who you are as a person, what features would make you a more productive driver and what is valuable to you. You can use Uber for some things, but Lyft for others.