Effortlessly making money just by driving is one unique dream Uber has brought to reality in this modern world. With the help of Uber, many drivers have gotten offers that we’re able to meet their financial goals and objectives.
That means Uber pays well. But for the seek of clarity, especially for folks who want to know exactly how much do Uber drivers make either on a weekly, monthly, or yearly basis, this article contains detailed information about how much Uber drivers make.
Yes, you might be aware of the flexible schedule and sign-up bonuses you may get as a new driver which can be appealing, but with constant criticism about low driver pay in some states, you might be wondering if Uber work worths it.
Reading this article will help clear your doubt. With a comprehensive list of the highest Uber drivers listed in this article, you will get all the convictions you need. To be honest, whether you’re a part-time or full-time driver, you can be sure of earning more than enough that can help foot your financial budget.
Benefits of Becoming an Uber Driver
Driving for Uber provides a flexible way to earn money. It’s an excellent option for full-time driver jobs, part-time driver jobs, or other part-time gigs, temp jobs, or seasonal work. Perhaps you are already a rideshare driver and wish to enhance your income by becoming an Uber driver.
It is worth noting that Uber does not offer loans for drivers. Uber discontinued its car financing program in 2017. So now drivers are looking for other ways to get a fast cash advance for buying new cars and such loan products will really help them to get the money they need.
Uber drivers come from a variety of backgrounds and sectors, and they create their own schedules to fit work into their lifestyles rather than the other way around.
Uber provides an alternative to traditional part-time driver jobs in all major cities in the United States, including Atlanta, Chicago, Houston, Los Angeles, Miami, New York City, San Francisco, and Seattle—as well as hundreds of additional cities of varying sizes throughout the country.
Aside from Uber drivers becoming their own boss, driving whenever they want, and declining gigs they want, there are other benefits that come with working with any of the Uber drivers.
First, Uber helps its drivers with vehicle maintenance. They achieve this by giving them 15% off at Firestone, Maaco, Meineke, Midas, Jiffy Lube, Sears Auto Center, Valvoline, and Advance Auto Parts.
Though Uber doesn’t offer full health insurance, paid sick leave, or paid family leave for drivers, they provide their drivers with health assistance. Uber is in partnership with an online health insurance broker: Stride. This broker helps contractors get the health insurance they need easily.
Note, Uber only gives them access to this broker and not to foot their bills. Uber drivers take sole responsibility for all their bills.
Another sure benefit of Uber is that they offer their driver the flexibility to set their own hours. As a driver, you drive whenever you want. You can choose to drive in the morning, afternoon, or midnight.
Furthermore, as an Uber driver, you get the opportunity to meet different people and see different parts of your city or town. This is far better than white-collar jobs.
Do Uber Drivers Receive Salary?
The answer is “No” Uber drivers are self-employed individuals. They are like contractors. This signifies they are not Uber workers. As a result, Uber is not required to pay them a salary or hourly wage. In truth, independent contractors are exempt from minimum wage legislation.
Though currently, New York City has enacted laws requiring Uber drivers to be paid a minimum salary. Depending on your point of view. The law demands that they should at least be paid minimum wage.
On the contrary, Uber businesses claim that doing that will undermines their platform as a whole unless the money required will someplace, which most likely means fare increases for riders.
How Much Do Uber Drivers Make?
To answer this question correctly let’s first take a look at the cost of Uber ride and the driver’s expenditures. These are two factors that determine how much an Uber driver gets either per day, weekly, monthly, or yearly.
What is the Cost of Uber Ride?
First, riders’ fare is equal to time spent plus distance, base fare, surge pricing, and booking fee. The basic ones are time and distance. That means a customer gets to pay for every minute he/she spends in Uber. Also, he/she is charged for every mile too.
You may ask, what are the other fees and charges are for?
The booking fee takes care of the driver’s background checks and other booking expenses, while surge pricing helps to encourage the drivers to come to the road. Note, this surge pricing is enabled when driver supply is low and the customer’s requests are high.
So we can say that Uber customers cost are calculated like this;
Fee= Base fare + Time+ Distance
When surge pricing is include, we have:
Passenger Fare = (Subtotal x Surge Pricing) + Booking Fee
What are Uber Driver’s Expenses?
After providing an Uber ride, the driver must compute the ride’s hidden cost. Drivers frequently miss these costs, which come back to hurt them later.
Personal insurance, as well as ridesharing or business insurance coverage, are included.
Drivers must pay for their own petrol because they are considered independent contractors and are not compensated.
Vehicle maintenance: Drivers are responsible for the upkeep and maintenance of their own vehicles.
Car/lease payments: Amounts paid by a driver to drive their vehicle. Drivers either own their own vehicles or rent them from Uber or another third-party source.
Tolls, licenses, and permit payments are all paid for by drivers. When cars must pay tolls, passengers must pay an additional premium.
These types of expenditures, once again, can vary greatly depending on a variety of things, including the type of automobile you drive, the city you drive in, your age, and your driving record.
How Much Do Uber Drivers Make Per Day?
According to ridester.com, an average Uber driver can make approximately $154 per day assuming it is a full-time job. If you are in New York, you’ll of course make more, earning $209.92 per day at an hourly rate of $26.24 per hour.
How Much Do Uber Drivers Make Per Week?
When working 40 hours per week, full-time UberX drivers may expect to make almost $590 per week after tips. Aside from the aforementioned criteria — location, surge, and tips — the number of trip requests you receive during a seven-day period can have a significant impact on your weekly profits.
How Much Do Uber Drivers Make Per Month?
Considering one month to be a four-week period, an average Uber driver earns around $2,360 per month when working full-time. Again, this figure can vary depending on where you are, what service you do, and other factors, but you should expect to earn close to $2,400 each month across the country.
How Much Do Uber Drivers Make Per Year?
According to Glassdoor, the average Uber driver earns over $33,000 per year, not considering tips and promotions. This salary may be pitiful in a major urban region or for drivers with children to support, but it is adequate for single drivers in many American communities. If you concentrate on methods such as raising your tips with outstanding service (and even modest perks), you may start making money.
Having gotten a glimpse of what Uber drivers earn for different intervals let’s take a deep look at the13 Highest Paid Uber Drivers.
- Uber Comfort
- Electric Scooter
- Uber WUV
- Uber SUV
- Also, Uber Express Pool
- Uber Taxi
- Uber Green
1. UberX Driver
This is one of the highest-paid Uber drivers. As a driver who wants to have his own schedule and even make an appointment when he wants, this option is the best. With UberX drive, you can carry up to 4 passengers at an affordable price.
According to a rides survey, UberX drivers earn from $10-$15 per hour driving on average (before expenses). And after expenses, they can make around $4.87.
2. UberPool Driver
This is another type of Uber driver. Here, as a driver, you look for riders along your route to fill empty seats in the car using your Uber app. With UberPool, a customer and requests a ride with his/her friend. The only challenge with UberPool is that it may take a little longer to get to your destination unlike when you’re using UberX.
3. Uber Comfort
With Uber Comfort, you can give your passenger the pleasure to be in a new car with proper legroom. You can either chat or talk with your passenger if he/she wants. The only challenge with this type is that you must be an experienced driver before you can opt for this Uber Option.
Note, your passenger can freely cancel his/her order once the cancellation fee hasn’t be charged.
4. Uber Black
This Uber option unlocks premium support. It is specifically only for professional drivers who must be ready to maintain a minimum rating requirement of 4.85 stars, be insured to drive commercially, and meet state-level livery regulations. As an Uber Black driver, you can be sure of giving your passengers all the comforts they need. Your passengers can communicate with you using the app.
According to the Rides survey, UberBlack drivers earn a median of $24.87 per hour. hence, they are one of the highest paid Uber drivers.
5. Electric Scooters
With this option, you can take your passenger around the city very easily and at an affordable cost. One interesting fact about this option is that it is easy to book and you can get a feel of electricity when you use the accelerator.
Note, it is recommended that you wear a helmet, obey the traffic rules, yield to pedestrians, and be careful with your speed to ensure safety.
6. Uber WAV
Uber WAV offers affordable rides in wheelchair-accessible vehicles, where available. Before you can become an Uber WAV driver, you must have completed a certification course offered by a third party to help you enter and exit the vehicle. This certification is to ensure that you can safely drive and assist people with disabilities.
In addition to the driver’s seat, UberXL cars must contain six passenger seats. Riders use XL when they have more than four passengers or a large amount of luggage or parcels to convey. According to rides Survey, UberXL earns about $9.65.
With the exception of UberLUX, UberSUV is the most costly service class. In fact, it’s in the top five list of Highest Paid Uber Drivers. However, because UberLUX is only available in a few areas, UberSUV is the best option for most cities.
UberSUV vehicles are high-end luxury SUVs. They must be black on the inside and exterior, just like UberBLACK, and feature leather seats. In addition, UberSUV drivers, like UberBLACK drivers, must be licensed under local for-hire driver regulations.
In addition, their cars must be professionally certified for hire transportation. This also implies that most drivers must have commercial insurance.
UberSUVs have a significant benefit in that they can drive for any service classes below them. They may accept UberBLACK, UberSELECT, UberXL, and UberX calls. This provides SUVs with unrivaled versatility.
SUV drivers may maximize their earnings by employing a variety of various mix and match techniques.
Note, drivers on SUV makes around $28.05 per hour. Hence, they are one of the highest-paid Uber drivers.
Basically, UberSELECT is the service level that follows UberX and UberXL. UberSELECT, like UberX, is a four-door vehicle that seats four people. It is a car that sits somewhere between the low-end UberX and the high-end luxury cars of UberBLACK.
Finally, UberSELECT is a less-priced variant of UberBLACK that pays less to drivers and less to riders. It is also not widely available.
Rates for Select is greater than rates for XL but lower than rates for Black. As a result, in markets where Select is offered, drivers tend to obtain more trips with it than with UberBLACK.
UberSELECT is the first service class in Uber’s lineup that breaks the $2.00 per mile mark. An UberSELECT drive makes an average of $13.25 for each pickup.
10. Uber LUX
Uber LUX driver is another type of driver that earns much in Uber. These drivers are the top-rated drivers in luxury vehicles. As a LUX driver, you drive luxury cars and will be ready to give your passengers the best ride they need especially when they want to splurge and celebrate.
Note, you must be a professional driver with years’ experience, must be highly rated, and must have business registration and insurance before you can opt for this option.
Full-size luxury vehicles like Mercedes-Benz S-Class, Audi A8, Porsche Panamera, and Lexus LS, among others are all vehicles used for the Uber Lux service.
11. Uber Taxi
Uber Taxi is a hybrid of Uber’s reservation software and traditional taxi service. Using the Uber app, you may digitally hail a cab instead of waiting at the curb and waving one down.
Your driver will be a properly licensed taxi driver who will arrive in a cab. You can pay for your cab straight through the app, although the pricing strategy is more closely matched with taxi pricing. Expect to pay a flat cost, a metered rate, and a 20% gratuity (included automatically). Uber Taxi drivers are one of the highest paid Uber drivers.
12. Uber Green
Uber Green is a ride option that ensures passengers’ trips will be in a low-emissions hybrid or electric vehicle. Green rides are subject to a $1 fee.
As a driver, you pay half of the cost, while they donate the other half to the Green Futures initiative, which will assist you in transitioning to lower-emission vehicles in the future.
Consider Uber Green to be the same as UberX, but with a guaranteed hybrid or electric vehicle. Uber Green drivers are one of the highest paid Uber drivers.
13. Uber Express Pool
Express Pool is similar to Uber Pool in that you must walk to a local pickup site rather than being picked up straight at your location. You are dropped off in a location close to your ultimate destination at the end of the ride. Express Pool is less expensive than a normal Pool.
What are the Uber Driver’s Requirements Needed?
To become an Uber Driver, the following criteria must be met:
- You must meet the minimum age to drive in your city
- You must have at least one year of driving experience
- Have clear a background check.
- In addition, you’ll need a valid driver’s license
- Proof of residency in your city, state, or province
- Insurance if you plan to drive your own car
How You Can Get Ride with Uber
The first step is to make a Request. To do this, open the app and enter your destination in the “Where to?” box. Immediately you confirm that your pickup and destination addresses are correct, select the option you want. Once you’re assigned a driver, the picture and vehicle detail including how to track the driver displays.
The next step is to get into the ride once the driver arrives and you confirmed that the vehicle details match what you see in the app before getting in the vehicle. Note, the driver has your destination and directions for the fastest way to get there, but you can always request a specific route.
Finally, hop out once you get to your destination. Note, you’ll be automatically charged through your payment method of file, so you can exit the vehicle as soon as you arrive.
Is driving for Uber a good fit for you? Uber provides a flexible option to earn money in various states and localities. You can also use the program to earn extra money to augment your principal salary.
As the driver, select how much and how many hours you drive. You can simply work for Uber as a part-time or full-time business, or integrate it into your school or current work schedule.
You’ll need a vehicle that’s no older than 15 years old, as well as a smartphone to utilize the app. But, before you hit the road, make sure you’re aware of the company’s policies and invest in a reliable dashcam to keep an eye on your riders.