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Key Takeaways

  • Drivers of smart cars must obtain insurance to drive legally, just like owners of standard cars.
  • Smart car insurance may be less expensive than a truck, sedan, or other bigger vehicles.
  • While comparing the average cost of insuring various vehicles in a city, the smart insurance rates are generally lower than the auto insurance rates for standard cars.

The History of Smart Cars

Smart Automobile Co., Ltd., aimed to produce Smart-badged cars in China for global sale, is a shared venture established by Mercedes-Benz AG and Zhejiang Geely Holding Group in 2019.

Mercedes-Benz started designing the marque’s cars from the early 1970s to the late 1980s. Then, after receiving temporary support from Volkswagen, Daimler-Benz debuted the first model in October 1998. The ‘Fortwo’ car was the first of several variations based on the original concept.

The Swiss watchmaker Swatch and Mercedes-Benz collaborated to create the ‘Swatch Mercedes ART,’ which gave rise to Smart. Smart cars have a great reputation for being excellent city cars. They have great gas mileage, and their compact shape makes it much simpler to find a parking space. However, they have limitations, such as higher maintenance costs.

Buying an auto insurance policy for a smart car is almost similar to any other type of car. However, one of the key differences is how the cost of the car might impact the smart car insurance costs. Therefore, it might be easier to buy cheap smart insurance than other types of cars, even if you live in crowded cities.

So, how much does smart car insurance costs? What are the factors that determine the cost of smart auto insurance? Continue reading to know more!

Models included in this review

  • Smart Fortwo EQ Prime
  • Smart Fortwo EQ Pure

How much does it cost to insure a Smart Car?

Many factors affect the average cost of smart insurance. However, your car’s make and model are the main factors that impact smart auto insurance costs. If you’re buying a smart car, expect to pay around an annual average cost of $1,686.

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Factors that could affect insurance rates

Crash statistics by make and model: The Insurance Institute for Highway Safety (IIHS) gave Smart Fortwos a ‘basic’ to ‘good’ rating. Though many consider the car safe, their size might not offer much protection in an accident despite having a steel shell.

Cost of parts: The Smart Fortwo has higher than average repair expenses, costing around $760 a year. The cost of parts and the scarcity of mechanics accustomed to the model may be factors in the cost of smart insurance.

Safety features: Smart Fortwos come with several safety measures. For instance, the Tridion safety shell encloses the car in a steel cage with the shape of a hemisphere. In addition, the car features side and knee airbags, anti-lock brakes, and intelligent seatbelts that can sense changes in motion.

Car insurance for a Smart Car: By Model

Smart car insurance costs might differ based on a variety of criteria. Similar to how your location, driving history, and average mileage can influence smart insurance rates, so can the vehicle’s age, value, and model.

Car insurance for Smart Fortwo EQ Prime

The Smart Fortwo’s top trim level is called the Prime. As a result, the smart auto insurance costs may be marginally higher than those for cheaper trim levels due to the model’s higher pricing.

Altima Car Insurance Average Annual Premium
Minimum coverage $473
Full coverage $1,569

Car insurance for Smart Fortwo EQ Pure

It is the entry-level and affordable trim available. In addition, this model’s smart auto insurance cost is less compared to the Prime model.

Altima Car Insurance Average Annual Premium
Minimum coverage $469
Full coverage $1,506

Average annual premium for full coverage: By model

Smart auto insurance costs for Prime and Pure variants are comparable. However, rates from one auto insurance provider to the next might differ dramatically for the same amount of coverage.

Insurance company Smart Fortwo EQ Prime Smart Fortwo EQ Pure
Amica $1,266 $1,237
Erie $870 $907
State Farm $1,311 $1,219
USAA $1,176 $1,148

Smart Car features that affect insurance costs

Some features reduce the smart insurance rates. For instance, safety equipment is one of the most crucial components that keep smart auto insurance rates low. This is because the design of safety features in the Smart Fortwo car are in a way that protects the driver and passengers.

Smart seatbelts: The seatbelts detect motion. They adjust before a crash to restrain the driver and passengers quickly before a collision.

Tridion steel cage: A Smart Fortwo’s exterior safety shell compensates for the car’s compact size, which might make it vulnerable in an accident with a bigger car like an SUV. The hard, crash-resistant steel aids in safeguarding the driver and passenger when the car encounters an accident.

Airbags: Dual front, side, and knee airbags are standard on Smart Fortwo vehicles. They work jointly to lower the chance of serious injuries when a serious collision occurs.

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Other insurance coverage for a Smart Car

Almost all states mandate that drivers maintain a minimum level of auto insurance. The bare minimum required by a state, though, might not be sufficient. You’ll probably require liability insurance to drive lawfully.

The problem is that the liability insurance won’t pay for your car’s replacement or repairs if it gets damaged. However, you can increase the protection of your smart car by adding these optional coverages.

Comprehensive and collision insurance: These coverages can cover the damages to your car resulting from various occurrences, including crashes, theft, fire, flooding, hail damage, and vandalism.

Medical payments: Adding medical payments policy can cover your and your passenger’s medical expenses irrespective of who caused the collision.

Original equipment manufacturer (OEM): It ensures that repairs will occur with parts from the original manufacturer.

Is Smart Car insurance expensive?

Smart cars often have lower monthly insurance costs than other cars on the road. Therefore, the chances are high that your smart car will be less costly to insure than other large cars, irrespective of whether you choose liability-only auto insurance, full coverage insurance, or any variations of coverage in between.

The main cause is that new smart cars are inexpensive compared to other cars. Because they are less expensive to replace, insurers spend less when a claim involves one of these vehicles. Your premiums for full coverage insurance or a car replacement policy ought to be less expensive than those for other larger cars just for this reason.

Other elements like safety, ownership costs, and maintenance expenses also impact this price difference.

How to get Smart Car Insurance with

Though our information can help you decide where to start your search for smart auto insurance, you can get an accurate estimate by comparing personalized quotes with Instead of gathering insurance quotes from several insurers’ websites, you can also compare the premiums. The easiest way to find the best offer is to use this quick, free, and easy method.

It would be best if you researched thoroughly to find numerous reputable insurers from whom you can get smart insurance quotes. However, we can assist you by giving you a list of nearby insurers who can offer you affordable rates depending on variables you may change. To get started, go to our insurance quote page.

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with


Is insurance high on a smart car?

On average, smart cars are less expensive to insure than other vehicles. In addition, due to their small size, smart cars are less expensive to produce and inflict less damage than other larger cars. Due to these factors, smart auto insurance is frequently less expensive compared to larger cars.

Do smart cars have a lot of problems?

Smart cars aren’t that reliable when compared to standard cars. Some believe that the biggest drawbacks of smart cars are their vulnerability to hacking and data theft.

What is smart car insurance?

It’s an insurance policy that covers your smart car. Purchasing a policy for your smart car is similar to doing so for any other type of car. One of the key differences is how the cost of your car might impact the amount of insurance you require and the price of your policy. It is important to remember that the factors determining insurance costs may differ from state to state.

How much does a smart car cost?

Some of the most inexpensive cars on the market are smart cars. If totaled, smart cars are far less expensive to replace than other cars because the average smart car can cost less than $15,000 to buy brand new. However, the price of a smart car can differ depending on which dealer you visit.

As a result, insurers will lower the premiums they charge. It makes sense that it is a big influence in cutting the cost of smart auto insurance because insurers face smaller claims with less expensive cars. When looking at a smart car for sale, you should remember that they lose a lot of their worth very rapidly.

If your smart car is expensive, the insurance company will have to pay more to replace it. So, you will pay greater premiums as a result.

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