Save Extra Cash on Your Next Trip with RideGuru

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Disney TaxiWe love how our fans use TaxiFareFinder to continually find the price of their taxi rides around the globe. We are consistently getting feedback through our support inbox, social media, and comments section about how TaxiFareFinder has helped numerous travelers to better plan their transportation expenses for upcoming trips. It makes us happy to hear that our fare calculator is able to help relieve the burden of budgeting for a trip but we also find that many people, while happy they have found an estimate, are upset with the cost that is being calculated.

Travel is expensive and sometimes travelers just have to take a deep breath and spend the money to get from point A to B…but it is not always the case! Our sister site RideGuru may be able to help you save a few bucks on your travel expenses the next time you are looking to cut down on your trip’s budget. RideGuru not only calculates Taxi fares but it also simultaneously calculates the fares of all rideshare companies in your trip location area(s). When the results appear, you will be able to see multiple fare estimates across multiple ride platforms so you can pick the option that is cheapest for you.

ss3RideGuru also provides the option of ‘filtering results’ so you can narrow down your ride options by the number of passengers traveling, luxury vs economy, etc. Many times when people are traveling in a group setting they take 2 taxis to get around, but RideGuru will show you whether it is more economical to take those 2 taxis or one larger SUV. Many times the SUV rides are cheaper and will save the group money as a whole!

Perhaps the best part of RideGuru, is that once you have found your ride option that best suits your needs, you can hail the car straight from the website…saving you precious sightseeing time!

Happy Traveling!

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Lyft: How to Calculate Your Fare

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Have you ever wondered how Lyft calculates their fares? Do you want to try to estimate your Lyft fare? There are a few key components that go into calculating and estimating a Lyft Fare, and we are here to explain each factor, as well as how they work together to create the Lyft pricing formula.

 

How is My Lyft Fare Calculated?

Your Lyft fare is first based on 4 main criteria:

  • Base (or initial) fare – A flat fee charged at the beginning of every ride
  • Cost per minute – How much you are charged for each minute you are inside the ride
  • Cost per mile – How much you are charged for each mile of the ride
  • Trust and Safety Fee – A flat fee to cover Lyft’s ‘operating costs’.

Here’s how Lyft uses the 4 main criteria above to calculate your fare:

Base Fare + (Cost per minute * time in ride) + (Cost per mile * ride distance) + Booking Fee = Your Fare

 

Other Key Factors in Determining Your Lyft Fare

There are a few more factors that influence your Lyft Fare that are not included in the 4 main criteria.

Tolls and Fees: Lyft requires all passengers to pay for any tunnel, bridge, or toll charges that are incurred during the course of the ride. These charges will be added to your fare total at the end of your trip.

Lyft Prime Time Pricing: Lyft Prime Time pricing is when Lyft rates increase to guarantee availability of cars. When the demand for rides cannot be met by the number of current Lyft drivers on the road, prices will increase. This, in turn, encourages more drivers to hit the road since they will make more money than usual (due to the increased Prime Time price). Lyft will always notify you before you request a ride if there is Prime Time pricing so you will never be caught off guard.

Your Lyft fare, with Prime Time pricing, is calculated by multiplying your total fare (before tolls) by the Prime Time price multiplier. For instance if the Prime Time amount is at 2x your total fare will be doubled, if the surge amount is 3x your total fare will be tripled.

Prime Time Pricing Example: If your total fare at the end of your trip is $15 and the Prime Time multiplier was 2x, your new total would be $30. Then Lyft would add on any incurred tolls.

Lyft Minimum Fare: To encourage drivers to pick up quick rides that will not yield much profit, Lyft sets a minimum fare for each service. This helps to justly reimburse drivers for short rides. If the combination of the above criteria results in your fare being lower than the minimum fare, you will be charged the minimum fare price instead. The minimum fare amount changes from city to city.

Minimum Fare Example: Say you are in a hurry and you decide to take a Lyft only two blocks down the street.  After your trip ends and you add up the four different Lyft fare factors (as shown above), you calculate that your fare should only be $2.98. But in your city, the minimum fare is $5, so you will be charged $5 instead of $2.98.

Lyft Maximum Base Fare: In some cities, there is also a maximum base amount that can be charged. This is designed for unusually long rides. The maximum base fare amount is as follows; $500 in New York City and New Jersey, $240 in Los Angeles, $200 for all other regions.

 

Lyft Fare Prices Vary Based on City & Car Service

The four main criteria factors that we outlined in section 1 (base fare, cost per minute, cost per mile, and booking fee) all vary from city-to-city, and across Lyft services (Lyft, LyftLine, and LyftPlus). To learn more about the differences between each Lyft car service visit this help page here.

Now that you understand all the factors that go into your Lyft Fare and how time-consuming it would be to calculate it on your iPhone calculator, try LyftFareFinder’s Fare Calculator! LyftFareFinder will calculate your Lyft fare using all of these factors with one easy click of a button. LyftFareFinder will even include real-time prime time pricing estimates and allows you to book your Lyft car straight through the site!

Happy Lyft-ing!