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Fortune
Fortune
Chris Morris

Lyft's new feature will limit the cost of rides, even during peak hours

(Credit: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)

Regular rideshare passengers can testify that pricing for the rideshare service can be something of a craps shoot. A commute that costs $8 one day can cost $24 the next. Now, however, Lyft is introducing a feature that will ensure you rarely pay over a set amount.

Lyft on Wednesday unveiled details of its Price Lock program, a subscription service that lets riders limit what they pay to better help their commuting budgets.

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