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Lyft Driver Page
Table of Contents
- What is Lyft?
- Why Do People Drive for Lyft?
- How Much You Can Make Driving for Lyft?
- What Do You Need to Drive for Lyft?
- How Much Does It Cost to Start the Lyft Driver Gig?
- Lyft Driver Job Description
- How Much Do Lyft Driver Earn?
- What Are Requirements to Start as a Lyft Driver?
- Lyft Driver Job Type
- Lyft Driver Activities/Tasks
- Lyft Driver Required Experience
- Lyft Driver Work Locations
Lyft Driver Gig
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What is Lyft?
Lyft is a gig economy company that offers on-demand transportation. Like Uber, it develops and operates an advanced on-demand platform accessible via its Lyft website and mobile apps. Lyft offers a gig job for independent contractors to work as a driver using their car. As a Lyft Driver, you can to earn by giving lifts to riders who need transportation on-demand. Lyft pays your earnings once per week to driver’s bank checking account. Another option to get paid is using Lyft Express Pay which is an on-demand payout that deposits driver’s earnings on a debit card after reaching at least $50 in ride earnings. Lyft has very basic requirements and very easy signup. Lyft has high ratings as a gig company to work for.
Why Do People Drive for Lyft?
People take a gig job with Lyft mostly for the money they can make without a boss behind their backs. Studies show that people are attracted to gig companies like Lyft for the flexible work schedules they can have. Lyft lists the main reasons drivers work for Lyft, and they are: work schedule flexibility, receiving tips, discover places, make new friends, and get your earnings paid faster. All those are a good reason for a gig worker to get started with Lyft.
How Much Can You Make Driving for Lyft?
According to a large study released in 2018 by the Economic Policy Institute, driving for a rideshare company like Lyft can generate you an average $24.77 per hour as gross income. After deducting Lyft commissions and fees and taking into account vehicle expenses this gig job leaves you with $11.77 per hour. Lyft claims on their website and in ads that you can make up to $35 an hour driving for them.
What Do You Need to Drive for Lyft?
To get a gig job with Lyft, you must be at least 21 years old. Also, you need to have 4-door vehicle eligible for driving with Lyft. Listed requirements by Lyft are the DMV background check, driver license, required insurance and current smartphone able to run the Lyft app. To drive for Lyft in your area, you must meet all State and local requirements as well. Vehicle requirements may vary by city or county. Lyft has all the info about the eligible vehicles for each service level it offers.
How Much Does It Cost to Start the Lyft Driver Gig?
Applying for a gig job as a driver with Lyft does not cost you anything, but you have to consider the cost of the 4-door car and required documents and insurance. The cost of those items for most Lyft drivers is already incurred and considered a sunk cost. In case you do not have a Lyft eligible car to start driving Lyft offers a rental program called Express Drive. The Lyft rental program offer offers you to rent an eligible vehicle for as little as $0, and insurance and maintenance are included. There is a catch – you have to make a certain number of rides each week to pay $0 weekly rent. For most applicants, the extra cost would be the state business license and in some instances the local city or county business license. Other than that for this gig job, as a Lyft driver, you will need a current smartphone with good coverage service. Lyft takes care of your car inspection and driver screening.
Are You Ready to Drive for Lyft?
Lyft Gig Job Description:
- Drive Lyft Standard – standard car for up to 4 riders
- Drive Lyft Shared – give shared rides at a discount
- Drive Lyft XL – SUV/van rides for up to 6 riders
- Lyft Black XL – a premium black SUV with leather for up to 6
- Lyft Lux – give rides with your luxury SUV for up to 4
- Lyft Lux Black – a premium black car with leather for up to 4
Lyft Driver Earnings:
$18.83 median earnings an hour “Lyft 2018”
$11.77 an hour average “EPI survey 2018”
Lyft Driver Requirements:
- 21 years old + meet local requirements
- Pass Lyft driving DMV record check
- Pass Lyft background check
- Pass Lyft standards for car + inspection
- Provide all required documentation:
- Driver’s License
- Vehicle Registration
- License Plate Number
- Vehicle Insurance
- Lyft Profile Photo
- Vehicle Identification Number VIN
- Business License where it is required
Lyft Driver Job Type:
- Full Time up to 14 hours per shift
- Any Time up to 14 hours per shift
Lyft Driver Activities/Tasks:
- Transport people using your or a rented car using Lyft Platform App
Lyft Driver Required Experience:
- 21 years old at least to apply for Lyft Driver, and
- Have a U.S. driver license for 1 year at least
- Meet all other local requirements to drive
Lyft Driver Work Locations:
States, Metros, Cities, Towns, and areas where Lyft operates
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Gig Economy Income
Create Your GIG Economy Income by Renting, Leasing or, Sharing Your Assets
As of 2019 GIG Economy is booming. More online platforms are connecting people. More companies are facilitating the GIG Economy marketplace. Gig jobs are most likely the future of the gainful employment. Find your gig, find your place in the GIG Economy.
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Driving with Uber is fun if you do it part-time. You meet people from all strata of society. You have mostly nice conversations. You learn new things from your riders. And you make supplemental income for you and your family. Uber gig job with its schedule flexibility is a just good concept.
I rent a property using the Airbnb platform. So far so good. Easy to advertise and manage the renting to visitors to the city. I have not had a bad experience so far with tenants. Looks like Airbnb platforms is doing a good job with background checks. The platform offers helpful feedback and communication sequence. Helping me get good renting income.
Driving for Lyft in my spare time. Using a small low maintenance car. If you choose a time when traffic is not that bad and demand for rideshare still high you can make good hourly earnings. Happy to get this gig. The additional income I earn is just ok.