Lyft Rideshare Driver- WerkQuik.com Gig Review & Ref

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Lyft is a massive rideshare company and the main competitor to Uber. Lyft differentiates themselves by attempting to put their drivers first (whether this happens is up in the air). Like Uber Lyft makes their income by taking a percentage of rideshare fees.

As a Lyft Driver / Rideshare Driver your main job will be to transport people in your own personal vehicle from point A to point B.

Continue reading below for my full Lyft review including detailed information on pay, hours and pros & cons. If you are in a rush Click here to skip to the bottom and check out my review summary.

Review Index

  1. Sign-Up Bonus
    -Customer Promo Code
  2. Requirements
  3. Earnings/Income Breakdown
    -Company Claims
    -Glassdoor Claims
    -WerkQuik Review Pay
  4. Detailed Pay Information
    4-1. Fare
    4-2. Bonuses
    4-3. Tips
  5. Getting Paid With Lyft (The Process)
  6. Additional Opportunities With Lyft
    – Income Opportunities With Lyft
    – Savings Opportunities With Lyft
  7. Expenses
    -Recommended Items For Lyft (Top 5)
    -On The Job Expenses
  8. Hours
  9. Pros & Cons
  10. On The Job Experience
  11. Review Summary
  12. Rating
  13. Related WerkQuik Gigs


1. Lyft Sign Up Bonus

Lyft Referral Code: WerkQuik
“Sign up now and get up to $1000 with the referral code “WerkQuik” or follow the below link…

Sign Up For Lyft To Claim Your Sign Up Bonus Now

Lyft Customer Promo Code

If you have never tried riding a Lyft for rideshare use our code: WerkQuik.

Here is a customer Promo Code you $5 free towards your first Lyft ride.

Sign Up For Lyft To Claim Your Sign Up Bonus Now

2. Requirements

  1. Be at least 21 years old

  2. DMV Check

    This is a driving record check done by Lyft to make sure you aren’t a horrible driver or have a horrible background. They are mainly looking for the following according to the Lyft website…-More than three moving violations in the past three years (like accidents or traffic light violations)
    -A major moving violation in the past three years (like driving on a suspended license or reckless driving)
    -A DUI or other drug-related driving violation in the last seven years
    -Driving-related convictions in the last seven years (like hit-and-run or felonies involving a vehicle)If you do get flagged you’ll get an e-mail notification and can dispute the charges. If they still do stick there are still plenty of other gig economy jobs you can try. Here is a list ( ARTICLE TITLE & LINK )

  3. Background Check

    This is different than the DMV check because instead of looking at your driving history Lyft is looking now at your personal history. For this Lyft does require your social security number. According to Lyft’s website, this is what they are looking to make sure is not on your record…-Violent crime
    -Sexual offense
    -Disqualifying felony
    -Certain drug-related offense
    -theft or property damage offense
    Editorial Note: I think this is a very good idea for Lyft. If I am getting in someone’s car I want to make sure they are a person that will not harm me. Statistically, those that commit crimes are more likely to commit them again then someone that has not. However, I do believe in redemption and rehabilitation. I personally believe once someone serves their sentence they have repaid society, they should not continually be punished. If you get disqualified here is a list of gig economy jobs that may work better for you
    ( ARTICLE TITLE & LINK ).

  4. State & Local Requirements

    -Certain states, cities, and airports have additional requirements. Lyft has a post about this here.

  5. US Drivers License

    -Must have for at least 1 year

  6. Valid Driver’s Insurance

    – Insurance must be in accordance with all local, state and federal laws
    – In addition, Lyft will cover all of its U.S. Partners with commercial insurance while of rides and while waiting for rides (Learn more about their coverage)Here is an easy image created by Lyft to describe their insurance policy.Lyft_insurance_overview_WerkQuik_Rideshare

  7. Have access to a 4 door street-legal vehicle

    – Age of the car allowed depends on the city you are driving in.
    – Max age allowed for your city can be found here:  www.lyft.com/driver-application-requirements
    (If you apply, remember to use our code: WerkQuik to receive a big cash bonus!)
    – All 4 doors must work (No sliding in the passenger seat)
    – If you cannot get a car to Lyft there is the EXPRESS DRIVE program which is essentially renting a car to Lyft with. On first glance, it sounds like a rip-off but I am not sure. Here is a post with a deeper dive into the subject (Review: Lyft’s EXPRESS DRIVE, is it worth it?)

  8. Proof of vehicle registration

  9. Driver Photo Of You

    Lyft wants a current photo of you to show your passengers. Smile and make sure it’s not creepy. People will actually be seeing this before you pick them up.

  10. Smartphone With a data plan

    -Depending on your time Lyfting you will use 2 – 3 gigs of data

Note these requirements were taken directly from Lyft’s website from two sections. Those sections are…
1. Lyft’s Driver Requirements
2. Lyft’s Vehicle Requirements

3. Earnings/Income Breakdown

Earnings Potential (Hourly)

What company claims: $10 – $35
Glassdoor Average: $15 (source)
WerkQuik Review Earnings: 10 hour average

WerkQuik Earnings Chart. Display Earnings form 10 hours of work.

Company Claims

Lyft as a company used to claim their drivers would make up to $35 per hour and sometimes that is correct.  Sometimes you can make even more than but those hours of pay are just outliers just like the hours where you make $0 per hour or $5 per hour since pay is all dependent on multiple factors. Demand for rides, the number of rides available, which rides you pick and etc.

It has since changed this claim and advertised more based on the massive starting bonus. Speaking of which if you use the referral code WerkQuik you can make up to $1,000 depending on your market. (Quik shameless plug lol).

Glassdoor Average

This Glassdoor average is most likely skewed as pay changes based on regional differences, whether drivers factored expenses into pay, the frequency of driving and other possible factors. However, for the most part, this is a great crowdsourced resource to determine possible average pay in your area.

The Lyft driver salary information I used showed it had 136 salaries factored into it. However, there were two other entries giving salaries for the Lyft driver position and both showed a median salary of $15/hr (1)(2). That is good as it shows if they wanted to skew results they would have to skew three results, not just one.

WerkQuik.com Review Pay

This part of our review is still in progress.

4. Detailed Pay Information

As a Lyft Driver, you are a third party contractor. With this said pay can vary greatly between Lyft driver to Lyft driver sometimes based on skill and knowledge and sometimes based on luck and just being in the right place at the right time.

With Lyft, you are going to get your pay in three different ways.

4-1. Fares (Base rate)

Fares are the core payment method you will get from Lyft. This is the money you get from picking someone up then Lyft takes a portion. This is important to remember because what Lyft takes is counted as an expense and can be written off your taxes.

The fare is based on a few things listed below…
All of these rates are depending on your specific market (the city you drive in). Rates increase and decrease based on market demands so a smaller market like Toledo, Ohio will have lower rates than a bigger market like New York, NY.

A. Base
This is the flat rate all rides are charged when they begin.
B. Distance
This portion of the fare is based off how far you drive.
C. Time
This portion of the fare is based on how long your ride is.

To make up for lost revenue when waiting for especially late customers or especially absent customers Lyft made the following changes.
– A cancelation fee may be earned after waiting 5 minutes for a rider.

Cancelations do not affect your acceptance rate which is important because a certain acceptance rate could be required to qualify for certain promotions.

A nice plus regarding Lyft is their “No Show Cancelation” button is easy to use and clear that you will be receiving a No-Show bonus.  Here is what the cancelation process looks like…
No_Show_Cancellations_Instructions_Lyft_WerkQuik

4-2. Bonuses (Surge & Boost)

Most likely if you are interested in doing Rideshare this is what about the position you are most interested in. With Rideshare prices fluctuate based on supply and demand. When Demand rises so do prices. Economics 101, and you become the beneficiary of the rise in demand via the following programs.

Prime Time

Prime Time is Lyft’s surge program. With Prime Time you will get paid a higher percentage based on the amount of demand. A 50% Prime Time means you will make 50% more than the average amount. This is equivalent to a 1.5 surge that you would get with Uber.  Below is a map of what this looks like.

Lyft_PrimeTime_WerkQuik_RideShare

Guaranteed Prime Time

This is what Lyft uses when they know that passenger use will be especially heavy for special events, major holidays or if they have a promotion running. This will give every ride you take during a certain time an automatic Prime Time surge.  If the surge in the area goes over the default “Guaranteed” Prime Time Rate you will get that instead.

4-3. Tips

Back in my day when I did rideshare heavily this was not a huge source of income as tipping your driver was not a common practice. However now that Uber has allowed for tipping via credit card this has become a larger source of income. Though this is not an Uber review this is relevant because most people often switch between the two companies. Once Uber started tipping up the culture of tipping changed.

People now feel it is the social norm to tip during Rideshare.

Tips can be increased in a variety of methods. He’s a few simple ones.
-Not being a complete jerk.
-Handing out sealed candy & treats.
-Allowing passengers to choose music.
-Have phone charge options available.
-Having subtle tipping signage in your car

This Sign Is Made By Lousiville Marketing

Pay during times will obviously shift based on demand and much of this is based on time and region like said above. So even though you can choose your own hours with Lyft the best hours to work may be when you make the least.

NOTE: If you ever want to get paid good money doing rideshare it is essential that you learn how to capitalize on Prime Time, Guaranteed Prime Time and Tips. These are essential to getting really great earnings with Rideshare.

5. Getting Paid With Lyft (The Process)

Express Pay

Whenever you want
A nice benefit for many people is Lyft lets you cash out any and get your earnings anytime you want as long as the direct deposit payment is over $50. Lyft will let you do this “express pay” up to 5 times per day. To do the instant pay you are only charged $0.50 . This money will instantly transfer unless there is an issue with your bank. This is literally the same exact thing Uber does. So excuse me if this sounds like I am repeating my Uber review.

Typical Payment Cycle

Once per week
If you don’t don’t care about when you get paid just that you do get paid Lyft will pay you on a weekly basis. You don’t need to do anything out of the ordinary for this to happen just make sure your bank account is attached to your Lyft account.

6. Additional Opportunities With Lyft

6.1 Additional Income Opportunites With Lyft

One of the best things about the Rideshare industry is its opportunity for additional income made outside of the traditional roles of the job. For most rideshare positions these income opportunities will be the exact same across the whole industry. With this said if you read another WerkQuik.com rideshare review, chances are these will be the exact same or only a little different.

Lyft as a company, in particular, is very open to the idea of making secondary income while on your side hustle. They are even open to you making outright sales pitches just so long as you keep your rating above the required 4.6 rating. This can make lyfting be a very helpful lead generation tool for jobs such as realtors, insurance agents, and car salesmen.

Wrapify – www.Wrapify.com

Car Wrap Advertising

Wrapify is a company that will pay you for a partial or full car wrap. Pay is $84 – $452 per month depending on the amount of your car you would like to wrap, your location and the demand for car wrap advertising.

Carvertise – www.Carvertise.com

Car Wrap Advertising

Carvertise is a company that will pay you for a partial or full car wrap.  Carvertise described their payment model as the following “Our standard payment rate is $100/month. Sometimes there are more specialized campaigns that can pay up to $200 / month but this is not common. We also offer drivers the ability to make additional passive income through parking their cars in certain places at certain times. Our going pay rate for this is typically $30/hour.”

Vugo – www.govugo.com
In Car Advertising For Rideshare
Sign up here.

Vugo is in-car advertising for your rideshare. Their end goal is to make rideshare completely free and paid for by specialized advertisements by brands from in-car media.  Extra pay for drivers is estimated to be $100 – $200 per month. As a side benefit if you don’t like talking to people there is nothing like sticking a TV in their face to shut them up lol.

Cargo – www.getcargo.today

Car Vending Machine For Rideshare

Cargo is a mobile vending machine you can put in your Lyft for customers to purchase refreshments, small electronics and such. Cargo is absolutely free to start and maintain, the company will keep the mobile vending machine stocked at no expense to you. You can start Cargo today and make up to $300 per month according to the company’s website.

Sign Up For Cargo Now  & Earn $100 – $300 More Per Month

Uzurv – uzurv.com

Higher Paying Requested Rides
Sign up here.

Uzurv is a reservation site that allows rideshare drivers to make more money and have more transparency on fares. Customers pay more money for a higher quality and more reliable rideshare experience. Uzurv is also unique as it allows customers to choose drivers for repeat business allowing you as a driver to have a more dependable income stream.

When you are busy no worries as customers can make a list favorite drivers so if you are too busy to pick up old lady Susan for her medical appointment she can always get picked up by her second favorite driver. This makes for a private driver experience without having the mess of logging and tracking all your client’s schedules allowing you to keep the awesome availability of Lyft.

Self-Promotion & Entrepreneurship

Varies…

Rideshare has long been a side hustle of personally motivated individuals looking to make money while their main passion and main money maker gets going. With this said Rideshare can be a great place to meet clients and do significant networking. While driving one of the most frequently asked questions you will find asked is “so do you only do Lyft or do you have another job?”. If you are a realtor, insurance agent, car salesman or a small business owner this is your time to shine. Consider this your elevator pitch you will get 15 minutes to make and as long as you are nice about it chances are it won’t negatively affect your rating.

One “Uberpreneur” as Forbes calls entrepreneurs using Uber/Lyft for advancing their business made over $250,000 driving Uber. How? By making a product and selling it. The “Uberpreneur” Gavin Escolar makes his own high-quality Jewelry and sells it to passengers. Gavin’s jewelry is a high margin product and he just uses Uber as a showroom to get people interested in his product or to sell them right then and there. Consider what products you can make and do this to make your Lyft a mobile showroom for a product.

6.2 Additional Savings Opportunites With Lyft

The more money you save is the more money you can consider profit, meaning the more money you make. Here are a few ways to save some cash while doing Lime.

MileIQ – Save On Taxes

When driving for a business purpose you can deduct your mileage for a pretty good amount, a little over $0.50 per mile. But keeping track of that mileage can be very hard. But there is a solution.

Get MileIQ so you can track exactly how much you could be missing on Mileage and I am absolutely certain you will get at least triple your investment in tax savings. Best of all you won’t be funding the government to waste your money.

Lyft will automatically track mileage for drives you make but this may only be half the mileage you drive as they do not track mileage for you going to pick someone up. In addition if you drive Uber (>Uber Review Here<) then the whole thing can get very confusing. Buy MileIQ and make it easy.

Get $10 off & Unlimted Miles With MilesIQ Now!

7. Expenses

One of the biggest disadvantages of Lyft & Rideshare, in general, is the personal expense. However, you gotta spend money to make money. Like a lot of portions of our rideshare reviews, this is very similar to some sections of our other reviews.

Vehicle Wear & Tear

Vehicle Wear & Tear is the cost of using your car. That includes maintenance, tire replacements and such. This number includes fuel. AAA puts this number at 60.8 cents for an average size sedan and 46.4 cents for a small sedan (like my Mazda 3). This obviously means the more mileage you put on your car the more it will cost you. The nice this about mileage is you can write it off! In 2018 according to MileIQ, you can write off 54.5 cents per mile. This can be big tax savings.

It is all really based on the value of your car, make, model and a variety of factors. Even where you live can play a part in it. For example, if you live in Toledo, Ohio (The pothole capital of Ohio) like myself then your wear & tear will likely be higher then that of a city that elects semi-competent leaders that can fill holes in the road.

Gas

Gas is one of the biggest out front expenses with most any job in the gig economy. Repair & Maintenance is bad but at the same time the cost can be reduced by taking better care of your care or it can be put off. Gas is a cost you cannot get around. According to the same AAA article above gas can cost 3.68 cents per mile (electric cars) to 13.8 cents per mile (Pick-up trucks) depending on your vehicle.

NOTE: Tracking Mileage

Tracking mileage can be very difficult. Your job as an Shipt Shopper is to deliver groceries. Not to track where you’ve been. I highly suggest using MileIQ, if you use my affiliate link below you get 20% off an annual membership and help fund WerkQuik.com. This is a savings of $10.00 and this program will help you save even more than that in the long run!

Get 20% off >>> Unlimted Miles With MilesIQ Now!

Misc.

This is additional expenses you may spend like on snacks, coffee or such. Honestly, this could be your own groceries or something you see and want to buy while in the grocery store. Those end caps can be tempting… just remember to obviously use your own money/card.

7-1. Recommended Items (Top 5)

These items are not necessary for you to get but ones I highly recommend. These should be useful for you to do your job and to make more money while working for Lyft. Below is a quick list (only my top 5 recommendations), I highly recommend looking over our complete Rideshare Recommended Item List for the complete list.

Keep Track Of What Happens On The Road & In Your Car

In sales, we call it CYOA (Cover Your Own Ass), make sure you are not at fault and that’s what a dash cam is good for. With a Dashcam, you will have video evidence of a crash to prove your innocence. The model below is an entry level Dashcam. The ones in our list can be a little more expensive but come with more features.

Being a rideshare driver this is super important! If you are a man a female passenger can ruin your life by claiming a false rape claim. If you are a female the complete opposite is the case. Regardless of your gender though it is smart for you to have it on camera so you can accurately back up your own claims.

Make Extra Money By Selling Customers Goods With Cargo

I mentioned this above but I’m mentioning it again because it is so essential to have in your car. People are always in the buying mood and Cargo lets you make money off that buying mood. On average Cargo drivers make $100 more per month, the top 10% tho make $300 more per month. That’s a lot of dough, sign up below to make more money with Cargo.

Its free to get started too.

Sign Up For Cargo Now & Earn $100 – $300 More Per Month

 

Car Charger & Charger Cables

One thing you want to make sure about is your phone doesn’t die while doing rideshare driving. If it does it can be very problematic as you can’t end a ride or pick up new rides (obviously).  Having a car charger and cords will help you make sure your phone doesn’t die. In addition, having one of every cord makes getting tips a lot easier.

In addition, car chargers are super important for other gig economy jobs as well so its a good investment. Below is the charger and three types of cords, USB, USB type C & iPhone cords. Plus a super-cord with all the outlets in one!


USB C cable

This is for newer android phone and ironically newer Apple labtops too.

iPhone cable

This is for newer Apple iPhones

USB cable

This for older android phones and many common older Bluetooth headphones.

Supercord – All Outlets

This can be very helpful for having all outlets however your Cargo vending machine does have other charging cords in it so it could cut into sales.

Make Your Car Easily Recognized & Add Credibility

As many rideshare drivers know someone finding your car can sometimes be a bit hard. With this light that will no longer be an issue. Plus the added credibility will put passengers at ease knowing you are their driver.

I’ve included two signs. One is an exclusively Lyft sign and the other has both just in case you choose do both rideshare companies you won’t have to be constantly switching signage.



Get More Tips With Passive Persuasion

My day job is actually in sales and I can say you rarely get a sale you do not ask for. People don’t like spending money and it is much cheaper to give you a “compliment” in the app then actually tip you.

A tip jar is a subtle request for a tip and this tip jar is lit so it is easily visible. However, it does not lock to keep it in the front with you.

Keep Your Interior Car Clean

In case someone makes a mess in your car or are just a mess use these wipes to clean your seats. This is a really good deal and from a pretty reputable brand. The vacuum is on here because I thought that was a great value too. Will help you keep crumbs out of your seat in between details.



7-2. On The Job Expenses

Still in progress.

8. Hours

As with most Rideshare positions you can do Lyft whenever you want but you will make the most money when demand is at its highest. This is typically in the morning when people are going to work. In the afternoon when people are returning from work and when people are going/returning from partying.

These hours mainly differ depending on what kind of city you live in. But they are typically the following…

Monday thru Friday
6:00a-9:00a: The Morning Rush
11:30a-1:00p: Lunch Rush (Downtown)
5:00p-8:00p: Rush Hour

Thursday thru Saturday
8:00p – 3:00a: Late Nite Partying

9. Pros & Cons

Pros

Multiple Additional Revenue Streams
Lyft Insurance Coverage While Logged On

Work/Life Balance
Expense Can Be Written Off
Great Customers For The Most Part
“Instant Pay”
You Are In Control Of Your Car
– Decide which rides you take & don’t take.
– Refuse service for most any reasonable reason.

Cons

Wear & Tear On Car
Unpredictability Of Income
Best Money Is Made At Strange Hours
Driving In Intense Traffic
Customers Can Be Difficult
Cost Of Gas
Distance Of Pick-Ups
-This may depend on your market but in Toledo, Lyft always would give me far away drives. Like 15 – 20 minutes away. When you decline this then it affects your acceptance rate as well. So if you are going for a special bonus or promotion you are almost forced to take these far away rides.

10. On The Job Experience

This Part Of The Review In Process

11. Review Summary

Overall I really enjoy the idea of being a Lyft and Rideshare Driver in general. Lyft is nice as its base rate of pay is just a little more than Uber but I’ve personally found its “Primetime” appear less than Uber’s surge (this could be due to the market I am in). The hours for Lyft are great as you get to choose your own and the opportunity for entrepreneurship is great. However, the cons of expenses, wear & tear on your car and such can be great. Lyft can be a great company to work for if you like working independently and definitely, are a people person.

12. Rating

13. Related WerkQuik Gigs

Do you like the idea of being a Lyft Driver or are currently a Lyft Driver and want to see similar gigs? Here are a few that you may be interested in with great sign-up bonus offers.

Uber – the direct competitor to Lyft. You can log on to both to help you find rides when it’s slow. Just don’t forget to log off whatever one you don’t get a ride on.
[BIG SIGN ON BONUS]

Lime – Lime is busy when Lyft isn’t. Plus it gives you a chance to stretch your legs.
[BIG SIGN ON BONUS]

Postmates – Food Delivery you can do when its slow with Rideshare.
[BIG SIGN ON BONUS]

Uber - WerkQuik.com - Gig Review & Referral Code
Lime Gig Review Template - WerkQuik.com
Postmates - WerkQuik.com - Gig Review & Referral Code