5 Things to Consider Before Becoming a Rideshare Driver

Thinking about being a rideshare driver? The flexible schedule sounds appealing, as does the ability to fully explore your local area. Potential drivers should think about what they want out of ridesharing — whether they see it as a full-time job or a way to make extra money on the side. They should also take into account any additional expenses. Potential riders need to consider these 5 points before becoming a rideshare driver:

1. Working Part-Time or Full-Time

The majority of rideshare drivers work part-time in addition to another job. Many only drive during peak hours in the day. Only 20% of all rideshare drivers work more than 40 hours a week. However, full-time drivers are more eligible for bonuses offered by both Uber and Lyft for the number of completed rides and can set their own hours.

Full-time drivers do need to watch out for traffic tickets, wear and tear on the car and body, and even staying entertained. Would-be part-time workers should consider rideshare driving as an option for earning extra money on the side — it won’t cover all expenses.

2. Tracking Mileage and Expenses for Potential Tax Deductions

Driving for a rideshare service will earn you money, but you will want to keep track of additional expenses. Tracking your mileage and work-related payments — gas, car maintenance, insurance, etc. — may qualify you for certain tax deductions as an independent contractor. Full-time drivers can expect their deductions to add up quickly. On top of mileage, drivers can receive deductions for car payments, registration costs, fuel charges, car loan interest, rideshare insurance, and even cell phone payments. Be sure to keep careful account of all costs. Certain apps even help drivers track mileage and differentiate between business and personal expenses.

3. Driving for One or Multiple Firms

You may notice many Uber cars feature a Lyft sticker as well. Driving for multiple companies gives you access to more areas and varying peak hours. While rideshare companies won’t disallow you from also driving for competitors, they may have different requirements for vehicles and driver background. Meeting the standards of one company does not automatically qualify you for all others. 4 top companies include:

1. Uber: Uber has been in the ridesharing business the longest, and with that comes brand recognition. More potential riders are aware of Uber’s services, which increases the overall userbase. Uber drivers would frequently have a high demand for their services, allowing for the possibility of many rides.

2. Lyft: Uber’s largest competitor, Lyft offers a similar platform to drivers but tends to be more friendly towards beginners. Rookie drivers can expect to pick up passengers at a more leisurely rate; they’re not thrown into a quite-as-high demand market. Lyft also offers new drivers bonuses after significant milestones based off numbers of rides, in addition to a signing bonus. Additionally, riders can tip through the app, and Lyft drivers can deposit money made on the very same day through their express pay option.

3. Via: Via incentivizes drivers by offering a 5-20% boost in pay for accepting riders along a given route — it’s really about ridesharing and limiting the number of cars on the road. Via operates in locations with a high demand for drivers and tries to reduce vehicle wear and tear by remaining in smaller locations. Via also only takes a 10% commission on rides, which tends to be more generous than other companies.

4. Gett: Though currently only operating in limited U.S. locations, Gett offers greater benefits to drivers. They require more driving expertise to qualify as well. Depending on the type of car driven, drivers receive a direct per-minute payment on top of tip money. Gett drivers also receive great referral bonuses and tend to make more money than other rideshare company drivers.

4. Reviewing Car Insurance

Driving for a rideshare company increases the amount of time spent in the car. You’ll need appropriate insurance coverage should anything occur. Rideshare companies typically offer insurance coverage after each accepted ride request and while driving passengers, but not while waiting for requests. Rideshare drivers should look into their personal car insurance policy to see if it covers ridesharing expenses — they may drop you if you don’t disclose your driving position. Coverage for rideshare drivers from the company may not even be available in all locations, and you’ll want to look at a commercial auto insurance policy.

5. Wear and Tear on Vehicle

The more you drive your car, the more you will need to keep it properly maintained. Similar to long-driving commuters, rideshare drivers put a lot of mileage on their vehicle. They also spend time idling while awaiting riders. This puts more pressure on the vehicle itself, and drivers should expect certain pieces of equipment, like brakes, to wear out faster. They will also likely need more-frequent oil changes than the average car. Anticipate the cost of potential vehicle repairs when considering becoming a rideshare driver.


Next Step

Schedule Oil Change

The most popular service booked by readers of this article is Oil Change. YourMechanic’s technicians bring the dealership to you by performing this job at your home or office 7-days a week between 7AM-9PM. We currently cover over 2,000 cities and have 100k+ 5-star reviews... LEARN MORE

SEE PRICING & SCHEDULING

The statements expressed above are only for informational purposes and should be independently verified. Please see our terms of service for more details

Recent Oil Change reviews

Excellent Rating

(21,607)

Rating Summary
20,295
844
177
86
205
20,295
844
177
86
205

Kenneth

20 years of experience
649 reviews
Kenneth
20 years of experience
Volkswagen Passat - Oil Change - Venice, California
Kenneth was engaging, informative, and knowledgeable. He didn't perform one of the requested services because he said it was unnecessary, saving me money and time. 10/10 would and will hire him again.
Land Rover Discovery Sport - Oil Change - Los Angeles, California
Kenneth was on time (on Thanksgiving no less!) and got the work done in a timely fashion. Highly recommended.

Pierre

9 years of experience
183 reviews
Pierre
9 years of experience
Honda Civic - Oil Change - Boston, Massachusetts
My first time using this service and Pierre was awesome! He put my mind at ease and I will definitely be a repeat customer!
Toyota Highlander - Oil Change - Auburndale, Massachusetts
Great mechanic. Made everything easy - showed up right on time, was nice and polite, and did exactly what I needed on the car. Will keep working with Pierre in the future for sure.

Josh

16 years of experience
60 reviews
Josh
16 years of experience
Dodge Grand Caravan - Oil Change - Naples, Florida
He came, did the job quickly and let me know what is needed to keep my van running at its optimal level.
Ford Thunderbird - Oil Change - Naples, Florida
Josh was on time, stayed until he completed the job, very knowledgable. He pointed out that the also need a oil change, came back and completed that job. Very nice young man.

Rodney

36 years of experience
442 reviews
Rodney
36 years of experience
Porsche 718 Boxster - Oil Change - Rancho Cordova, California
Rodney was knowledgeable and professional! Changed the oil in my 2019 Porsche (which is not an easy task.) I am already recommending him to others.

Need Help With Your Car?

Our certified mobile mechanics make house calls in over 2,000 U.S. cities. Fast, free online quotes for your car repair.

GET A QUOTE

Related articles

5 Best Mileage-Tracking Apps
Taxes for those who drive for a living might include significant deductibles with accurately-tracked mileage.
Ridesharing Vs. Renting a Car
Business trip or vacation, transportation is necessary. Should you choose rideshare services or rent a car?
How to Best Use Your Car For Getting to College
When When traveling to college by car, you can choose from two primary options. You can drive by yourself or you can drive with friends or classmates. When trying to determine the best commuting method for your specific circumstances, keep...

Related questions

Co2 sensors are detected as malfunctioning . Can I still drive with this problem until i can afford to fix. 1 week.

The codes you are getting may be directed to the O2 sensors but can be caused by a computer system or fuel system malfunction. You should get each code diagnosed to find out what is the cause of the rich...

What does it mean if the Supplemental Restraint System light in the dash comes on?

Your car is equipped with a supplemental restraint system (SRS). This includes your air bags, as well as seat belt components and more. If the controlling computer notices a problem with the air bags, the front passenger sensing system or...

what does it mean when your car looses it pwer when your driving

Hello, thank you for writing in. Overheating the engine does major damage, and at a point will ruin the engine. Be careful to not overheat the engine and get this resolved ASAP. The vehicle is likely suffering from issues with...

How can we help?

Our service team is available 7 days a week, Monday - Friday from 6 AM to 5 PM PST, Saturday - Sunday 7 AM - 4 PM PST.

1 (855) 347-2779 · hi@yourmechanic.com