Smart Car Insurance: Average Annual Premium by Model

You may have noticed a smart car cruising along a nearby city street. Smart cars generally consume relatively little fuel and are simple to park in crowded urban areas. Mercedes no longer makes the clever Fortwo in the United States, but they are still in high demand in the preowned market.

The current fair market price for a 2019 smart Fortwo Prime model is around $15,061, while actual costs will depend on region and car condition.
If you're considering buying one, think about how much insurance costs for these kinds of vehicles. According to 2023 prices from Quadrant Information Services, the average yearly cost of full coverage auto insurance for a smart For two Prime is $1,865. This is 7% less than the 2023 national average of $2,014 per year.

However, a number of variables, such as the model you drive, the kind of coverage you have, your driving history, and more, influence how much auto insurance for smart vehicles will cost.

How Much is Insurance for a Smart Car?

The editorial staff at Way's Insurance examined two distinct models of the clever Fortwo to help you get started when you search for auto insurance.

This review includes the following models:

• smart Fortwo EQ Prime
• smart Fortwo EQ Pure

The make and model of a car are among the most important factors influencing the average cost of auto insurance.

Factors unique to the Smart Fortwo car that may influence insurance costs are as follows:

• Stats on crash rates by make and model: From "basic" to "good," the Insurance Institute for Highway Safety rated Smart Fortwos. Despite being reasonably safe, their small size might offer less protection in an accident than a larger car.
• Parts cost: With an average annual cost of $751, smart Fortwo repair costs are higher than usual. The price of insurance for smart Fortwo cars may include the cost of parts and the scarcity of mechanics knowledgeable about the model.
• Safety features: Smart Fortwos have several safety measures. The Tridion safety shell, for instance, is a steel hemispherical cage that encloses the vehicle. In addition, the cars have anti-lock brakes, side and knee airbags, and smart seatbelts that can recognize changes in motion.

Car Insurance for a Smart Car by Model

Rates for smart car insurance vary depending on a number of variables. In the same manner that your location, driving history, and average mileage can influence rates, so can the vehicle's age, value, and model.

In order to provide you with a comparison figure for the average cost of auto insurance for tiny cars, Way gathered quote data. You can seek online estimates from a few different auto insurance providers to compare in order to receive more precise pricing depending on your unique situation.

Car Insurance for smart Fortwo EQ Prime

The top trim level of the Smart Fortwo is called Prime. It was also offered as a Sports or BRABUS Sports package during its manufacture. Because of the model's higher worth, premiums can be marginally more than for lower trim levels.

Car Insurance for smart Fortwo EQ Pure

The entry-level trim with the lowest price is the Fortwo EQ Pure. Full coverage costs less than that of the Prime model.

Cheapest Car Insurance Companies for Smart Cars

Selecting the appropriate insurance provider may have the biggest impact on the price of auto insurance for smart cars. To illustrate how premiums may change depending on the carrier, Way gathered quote data from five of the top auto insurance providers with the biggest market shares.

Average Annual Premium for Full Coverage by Model

Prime and Pure have comparable auto insurance prices. However, rates for the same amount of coverage might differ dramatically between providers.

Smart Car Features that Impact Insurance Costs

Certain aspects of smart cars, particularly safety equipment—which is perhaps the most significant factor in keeping insurance prices reasonable—could result in cheaper insurance costs.

The safety elements of the smart Fortwo are layered to safeguard both the driver and the passenger:

• Tridion steel cage: The smart Fortwo's exterior safety shell compensates for its compact size, which may have left it exposed in an accident involving a bigger car, like an SUV. In the event of an accident, the robust, crumple-resistant steel helps shield the driver and passenger.
• Airbags: Dual front, side, and knee airbags are standard on Smart Fortwo vehicles. They cooperate to lower the chance of major injuries in a significant collision.
• Smart seatbelts: These have motion-sensing features. They make adjustments in front of a collision to secure the driver and passenger.

Other Car Insurance Coverage for a Smart Car

In almost every state, drivers are required to maintain a certain amount of auto insurance. However, more than the minimum required by a state might be required. To drive lawfully, you most certainly require liability coverage.

Liability insurance, however, only covers injuries you inflict on people who were not in your car or damage you do to other people's property and cars. Liability insurance does not pay for the replacement or repair of your damaged vehicle. The optional coverage categories listed below may increase your level of protection:

• Collision and Comprehensive Insurance: Together, the two coverage options provide full coverage, paying for repairs to your car up to the policy limits for damage caused by crashes, theft, fire, flooding, hail damage, and vandalism, among other incidents.
• Payments for medical services: Regardless of who is at fault in a collision, adding medical payments coverage can help cover your medical expenses and the expenses of your passenger.
• Manufacturer of original equipment (OEM): By including this extra, you can be confident that the original manufacturer's parts will be used for repairs.

How to Save on Car Insurance for a Smart Car

Even while inexpensive smart car insurance is generally more accessible than regular auto insurance, there are still ways to minimize costs, such as comparison searching. The following three strategies can lower insurance costs:

• Compare the quotes: The greatest method for finding inexpensive smart car insurance is to get quotes from several insurance companies and select the plan that best suits your needs in terms of coverage and cost.
• Make use of discounts: For your smart car, you can be eligible for several insurance reductions, including ones for safety features. In order to save money, you can also combine your plans and choose billing options like autopay.
• Think about insurance depending on usage: Certain insurance providers provide plans that base rates on real driving behavior, which could lead to cheaper premiums for cautious drivers or non-users of their cars.