Now comes the part where Dashers may fall from the pinnacle of high earnings per hour, per mile, and per trip. Expenses are a reality for all drivers, and must be taken into consideration when putting together the full economic picture of a DoorDash gig.
The cost of gasoline varies based on market fluctuations, whether driven by supply and demand or by seasonal changes. Your location and the kind of vehicle you drive will also affect how much you spend on fuel. Remember that delivery driving involves two rides: one from the driver’s location to the restaurant, and the other from the restaurant to the customer’s home or office. So, if you drive for DoorDash or another delivery service, you’ll spend more on fuel than the average rideshare driver.
A previous Gridwise article, which drew on a report by MIT, tells us that during 2018 rideshare drivers were spending between $.05 and $.27 per mile on fuel costs.
Insurance costs for delivery drivers might not add much to what you’re already paying for your vehicle’s policy. It is wise, however, to investigate buying additional coverage, since you will technically be using your vehicle for commercial purposes.
Some companies will tack on commercial coverage for as little as $20 per year, so be sure to shop around.
Drivers pawn shop loan in New York should also consider the costs of all forms of insurance, including term life insurance. A company called Bestow is making it easy for rideshare and delivery drivers to apply for affordable life insurance from a reputable provider.
If you’re a rideshare or delivery driver in the market for term life insurance, be sure to check out *Bestow.
Maintenance and Repairs
If you want your vehicle to perform reliably, at minimum you’ll be paying for oil changes and tire rotations.