Lyft Inc is raising the service fee that its U.S. riders pay directly to the company to cover higher insurance costs.
According to a Lyft spokesperson, the increase averages less than 50 cents per trip nationwide. When drivers work on its platform, the company pays for their insurance. “Lyft is experiencing insurance inflation pressures, and we’ve nominally increased service fees to help offset these costs,” a spokesperson said in an email. According to new YipitData data, Lyft increased its published service fee for rides in virtually all U.S. markets in the first week of October, including approximately 150 markets in New York.
