Uber and Lyft are offering big bonuses to attract new or existing drivers back to their platforms. But which company will come out on top? Senior RSG Contributor Sergio Avedian has gathered some eye-opening evidence and has formed a strong opinion on who is winning the rideshare wars!
Reminder: While bonuses are good right now, make sure to sign up to drive with Uber!
The past two weekends I went out in Los Angeles and drove for a total of 20 hours. I wanted to take advantage of promotions Uber and Lyft were offering to lure drivers back to their platforms.
To be honest, I could have driven non-stop for 24 hours straight without a break, there’s that much rider demand.
Check out our video below on which company is offering the best promotions for drivers: Who Has The Best Promotions For Drivers? Uber Or Lyft?
Which Company is the Best Choice for Los Angeles Drivers?
As you can see on the screenshots (simultaneously taken) above, surge was plentiful on Uber. Add to that healthy quest (20 for $150) and consecutive ride bonuses (3 for 24), and it was a good day.
Lyft, on the other hand, offered me nothing other than those funny pink and purple boxes that arbitrarily show up once or twice a day. Really disappointing since I have been idle for almost two years and I have over a thousand rides with a 5-star rating. I would have thought Lyft would welcome me back with open arms.
For those two days, the clear choice for me as a driver was Uber! Why would any driver who is active on both platforms choose Lyft over Uber?
For these two weeks, I made just over $50/hr with online time and $54/hr with active time on the Uber platform.
Which Company is the Best Choice for Passengers?
I am a driver as well as a passenger on both platforms. I also frequently check the passenger app to see how many other drivers are around me. This gives me a good indication of when to log on in order to maximize the surge amount I will receive.
Last weekend, the clear choice for me as a driver was Uber, but I wanted to see which company would be the clear choice as a passenger.
My assumption was that Uber would be higher priced to make up for the bonuses they were offering drivers and that Lyft would be cheaper for passengers. Wow, was I surprised!
Lyft charged the passenger almost $100 for the ride above and paid nothing more than the base fare for the driver. All screenshots are taken at the same time of the day, picking up and dropping off at identical locations.
Uber charged the passenger $52 for the same ride while Lyft was almost at $100!
The following screenshots are more evidence that Uber is clearly the winner for the passenger in Los Angeles.
Same time of the day, picking up from and dropping off to identical locations; Lyft again almost at a 60% premium!
Who Will Win the Rideshare Battle? My Takeaways
For the past two weekends, Uber was the clear choice for me as a driver. I have been on the platform for almost 5 years, this is as good as it gets.
Uber Pros for the Driver:
- High Surge almost all day long
- Hefty Quests (20 for $150)
- Consecutive streak bonuses (3 for $24 and up)
- Showing destination to the driver (If he/she accepts 5 of last 10 ride requests)
- Constant demand
Uber Cons for the Driver:
NONE really, but if I had to nitpick it would be the long pick up distances, especially during consecutive streaks
It looks like Uber CEO Dara Khosrowshahi agrees with me, too! (see his Tweet below):
Lyft Pros for the Driver:
NONE really, unless you consider those funny colorful boxes that show up occasionally
Lyft Cons for the Driver:
- No bonuses other than some guarantees
- Rider destination not shown, driving totally blind
- No consecutive streak bonuses
- Charge the passenger ridiculous fares but don’t share the wealth
As far as the passenger is concerned, both platforms offer the same service. Push a button on your phone and, hopefully, a decent car with a decent driver will show up.
There’s no doubt both companies have raised their prices from pre-pandemic levels. But the riders are out there full force! I did 42 rides the past two weeks, and I did not have anyone complain about the fares. In fact, they all said that they are paying extra for convenience.
For the rider, price takes precedence and the past two weekends Uber won the Rideshare Wars in Los Angeles. How Lyft gets away by charging 50-100% more than Uber for a ride is beyond my comprehension!
Who do you think will be the winner in Uber vs Lyft? Do you think there should be a winner?
-Sergio @ RSG