Driving with UberSo you’re thinking about driving with Uber. You like the idea of choosing your own hours, being your own boss, and making great money with your car. But before you get started, you want to know how much you can make as a driver.
How much do drivers with Uber make?
How much do drivers make?Here’s the short answer:
You can drive and earn as much as you want. And, the more you drive, the more you’ll make.
Plus, you’ll receive your fares weekly and they are automatically deposited directly into your bank account. For even quicker payment, Uber has rolled out Instant Pay
. Instant Pay lets you transfer your current earnings to a debit card account, anytime.
But really, how much can you make?
First, let’s start with how fares are calculated when you drive with Uber.
How are Uber fares calculated?
When a rider takes a trip with you, they are charged a fare at the end of the ride. Each fare is calculated based on how far and how long the trip took to complete.
What is surge?During times of high demand for rides, fares may increase
to make sure those who need a ride can get one. For riders, surge
helps ensure that pickup is available quickly and reliably. For drivers, surge means higher fares and a steady stream of ride requests.
Prices increase during times when many ride requests are made in specific areas of the city, and when there are not enough drivers in a specific area to accommodate the number of riders requesting. When you’re online, your app displays areas with high demand for rides in shades of red. The deeper the shade of red, the greater that area's demand.
Surge pricing is calculated by multiplying the trip’s total fare by a current surge multiplier.
For example, a rider in a surging area may see and accept a surge multiplier of 1.3x or 2.1x. This surge multiplier applies to the base, time, and distance of the trip fare.
What expenses does Uber cover?
Drivers are responsible for their own expenses. Uber does offer every driver a commercial insurance policy with $1 million of coverage per incident.
From the time you accept a trip until the completion of that trip with the rider(s) exiting the vehicle, you have the following coverage:
- $1M of 3rd party liability
- $1M of uninsured or underinsured motorist injury
- Contingent comprehensive and collision insurance - so if you maintain comprehensive and collision insurance on your own personal policy, Uber’s policy will cover physical damage to that vehicle up to the actual cash value of the vehicle, for any reason, subject to a $1,000 deductible.
We hope and expect that riders treat your vehicle with care and respect, but if a rider were to cause damage or get sick in your vehicle, you are able to contact our support team for reimbursement for things like cleaning fees to get your car cleaned, for example.Read More About Uber's Insurance Policy
How do drivers with Uber pay taxes?As an independent contractor running your own business, taxes from your earnings are not withheld by the federal or state government. This means that it is your responsibility to file taxes at the end of each year.
If you earn $600 or more from using the Uber App during a calendar year, we use the banking and tax information associated with your partner account to send you a 1099 form by January 31st.
We’ve also added a new feature to the partner dashboard that gives every partner access to their tax materials, and every partner will receive a tax summary from Uber along with the link to their 1099.
Can you drive with Uber part-time?
Driving with Uber is perfect for a those looking for seasonal work, temporary work, part-time work or for those looking for a flexible full-time opportunity.
If you have a full-time job, Uber is an excellent way to work a few hours during nights or weekends to save up money for gifts, school or a vacation.
According to a national study
, 80% of our partners drive fewer than 35 hours a week
across 20 of our largest markets, and more than half only drive between one and 15 hours each week.
You make your own hours and they are completely flexible.
Ready to partner with Uber? The first step is to sign up.