Lyft announced that its Price Lock feature, which caps the fare for regular routes and is targeted at commuters, is now available nationwide. The plan had been announced in August.
For $2.99 a month, riders can lock in a price for a regular route and time that is good between those two points for the hour selected. If the ride cost at the time of booking is ever below the cap, the rider would pay the lower fare. The price cap is good for one month, and riders can have up to 10 Price Lock passes at a time.
Audrey Liu, executive vice president of rider experience, said: “We know reliable pricing is particularly important for commuters. They know what their ride should cost and hate it when prices change.”
According to Lyft, users can enjoy up to $40 a month in savings. The Price Lock is protected even during peak hours, so there is no need to check prices.
Riders can find “Price Lock” in the menu section of the Lyft app to sign up.
Image: Shutterstock
