How Much Is smart car Insurance by Model?
Discover how much you can expect to pay to insure your smart car.
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Smart (smart) is a German car company and a division of Daimler AG. The brand sells various versions of a two-seater small car, including the smart fortwo and the smart fortwo Electric Drive. Smart cars were discontinued in the U.S., but plenty of used models are available.
No matter which smart car you drive, you’ll need the best car insurance you can find to protect your investment. The average cost of smart car insurance per year is $791.38. This is much lower than the national average cost of car insurance, which is $1,311 per year.
Our smart car insurance guide provides average insurance cost information by model and top-rated insurance company. With the help of a local independent insurance agent, you can get quotes from multiple companies so you can get the coverage you need that fits your budget.
In this article:
How Much Does a smart car Cost to Insure by Model?
Are smart cars Expensive to Insure?
Why Do Insurance Costs Differ Between smart car Models?
How Much Is Car Insurance for a smart fortwo?
How Much Is Car Insurance for a smart fortwo Electric Drive?
What Other Factors Affect smart car Insurance Costs?
FAQs about smart car Insurance
How to Save the Most Money on smart car Insurance
How Much Does a smart car Cost to Insure by Model?
Many factors influence car insurance costs, including the car’s make and model. The various smart car models have different car insurance premiums depending on the unique characteristics of each model. Most people will pay more or less than the average.
We compared quotes for some popular smart car models to give you an idea of how much each one costs to insure.
| smart car Model | Average Cost of Car Insurance Per Year |
|---|---|
| smart ForTwo | $897.00 |
| smart ForTwo Electric Drive | $685.75 |
An independent insurance agent near you can help you find affordable car insurance for whatever type of smart car you drive.
Are smart cars Expensive to Insure?
Smart cars are designed to be affordable, economical, and safe. As a result, insurance costs for smart cars may be relatively low compared to other car brands. But everyone’s insurance costs are a little different, depending on the make and model that they own and their own personal risk factors.
We compared popular smart car models and found that, in general, car insurance for a smart car is much lower than the national average.
Why Do Insurance Costs Differ Between smart car Models?
Car insurance costs differ by model depending on several factors. Generally, any vehicle that has a higher purchase price or is more expensive to repair will cost more to insure. Likewise, a car with a low purchase price and other economical features will have cheaper car insurance.
How Much Is Car Insurance for a smart fortwo?
Our research found that the smart fortwo has an average insurance cost of $897 per year. Here's a look at some average insurance costs for this model from top-rated insurance carriers.
| Insurance Companies | Average Annual Cost |
|---|---|
| Erie | $799 |
| Vermont Mutual | $829 |
| Progressive | $876 |
| Acuity | $897 |
| USAA | $945 |
| Arbella | $1,036 |
| Average cost to insure per month: | Average cost to insure per year: |
|---|---|
| $74.75 | $897.00 |
How Much Is Car Insurance for a smart fortwo Electric Drive?
The smart fortwo Electric Drive has an average premium rate of $685.75 per year. These rates are well below the national average of $1,311 per year. Your rates will be higher or lower depending on where you live, your age, your gender, and several other factors.
| Insurance Companies | Average Annual Cost |
|---|---|
| Progressive | $408 |
| USAA | $569 |
| Erie | $831 |
| Acuity | $935 |
| Average cost to insure per month: | Average cost to insure per year: |
|---|---|
| $57.15 | $685.75 |
What Other Factors Affect smart car Insurance Costs?
The make and model of your car are two of the most important factors for determining your car insurance premiums. But numerous other factors also play a role in your car insurance premiums, including:
- Your age, gender, and marital status
- Your credit score
- Where you live
- The amount of coverage and deductible that you choose
Every insurance company has its own proprietary method for calculating insurance rates, which is why you’ll see a range of premiums for the same make and model. But most companies also offer a wide range of car insurance discounts that can help you save money on your car insurance premiums.
An independent insurance agent can help you find the best rates in your area and can help you make sure that you take advantage of all the discounts you are eligible for.
FAQs about smart car Insurance
We compared several smart car models and found that the average cost of insurance coverage is $791.38 per year. This is much lower than the national average. You’ll be able to find smart car insurance that is above or below average, depending on the make, model, and other factors.
We found that the smart fortwo is the most expensive model to insure among the insurance companies we reviewed. The average annual insurance cost for a smart fortwo, according to our research, is $897.
The smart fortwo Electric Drive is cheaper to insure than its gas-powered counterpart. The average cost to insure a smart fortwo Electric Drive is $695.75 per year, which is well below the national average car insurance premium of $1,311.
Save on Car Insurance
Our independent agents shop around to find you the best coverage.
How to Save the Most Money on smart car Insurance
You can save the most money on smart car insurance by working with an independent insurance agent in your area. Independent agents can compare coverage and quotes from multiple insurance companies, allowing you to choose the best option for your needs and budget. Your agent will also help you maximize the discounts you can apply to your premium, getting you the best possible rate.
https://www.thezebra.com/auto-insurance/vehicles/smart/fortwo-electric-drive/
https://www.thezebra.com/auto-insurance/vehicles/smart/fortwo/