A fare estimation tool helps riders predict their transportation expenses for a ride-hailing service. For example, a prospective passenger can input their starting point and destination to receive an estimated price range. Various factors contribute to these calculations, including distance, time of day, and current demand.
Predictive fare tools offer several advantages. They empower riders to budget effectively and compare prices across different transportation options. Historically, obtaining fare information often required contacting the service provider directly. The development of online and in-app estimation tools has simplified this process significantly, increasing transparency and convenience for passengers.
