Key Takeaways
Developed by the Mercedes-Benz group, the Smart Fortwo is a unique two-seater microcar specially designed for city roads. It became a popular name among the city dwellers due to its convenient size and passenger comfort. But have you ever wondered how much it costs to insure the Smart Fortwo? The insurance rates may differ depending on the specific model year you choose. So, it is always better to look for the best insurance providers available in the market before settling for one. One wrong choice could lead to gaps in coverage or higher premiums on your Smart Fortwo car insurance costs that may put your finances at risk.
The average insurance cost of a Smart Fortwo is around $1,452 per year , but you can lower your premiums by choosing the right insurance provider. You can also find the best deal for your coverage needs by shopping around and comparing suitable options. By using the Way app, you can compare multiple providers in minutes and secure the best rate for your Fortwo.
Generally, the Smart Fortwo is cheaper to insure compared to other larger or more expensive cars. Smart Automobiles discontinued the production of Fortwo in 2019. Since new models are no longer available, the insurance prices for the used ones are relatively lower. Also, Fortwos are not performance-oriented vehicles, which puts them in a lower risk category for insurers. Additionally, the enhanced safety features and lower market price of the model further lower the premium rates.
Insurance providers often consider several factors when determining your Smart Fortwo premium. Some of the most common factors are given below.
Older Smart Fortwo models usually have lower insurance costs since newer versions come with more advanced features and technology. High maintenance costs and expensive repairs can also lead to an increase in the premium rates. The average yearly Smart Fortwo car insurance cost for a 2017 model is $1,810.
| Model Year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2017 Smart Fortwo | $151 | $1,810 |
| 2016 Smart Fortwo | $116 | $1,386 |
| 2015 Smart Fortwo | $108 | $1,301 |
| 2014 Smart Fortwo | $106 | $1,273 |
| 2013 Smart Fortwo | $100 | $1,205 |
| 2012 Smart Fortwo | $94 | $1,124 |
| 2011 Smart Fortwo | $92 | $1,108 |
According to our research, Cincinnati Insurance offers the cheapest Smart Fortwo car insurance rates. The average annual premium is just $543. However, the cheapest cost cannot always guarantee the best value. To get the maximum benefits, it is important to compare quotes from various providers and ensure that they have all the required features.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Cincinnati Insurance | $45 | $543 |
| Erie | $58 | $691 |
| Vermont Mutual | $59 | $704 |
| USAA | $62 | $741 |
| Acuity | $65 | $786 |
Cincinnati Insurance offers the most competitive insurance rates for the 2017 Smart Fortwo at just $608 per annum. Otherwise, it costs around $1,810 per year to insure a 2017 model on average.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Cincinnati Insurance | $51 | $608 |
| Allmerica | $56 | $672 |
| Erie | $60 | $727 |
| Vermont Mutual | $63 | $757 |
| Progressive | $67 | $804 |
| Acuity | $69 | $825 |
| USAA | $73 | $873 |
| State Farm | $75 | $905 |
| Country | $76 | $914 |
| American Family | $76 | $916 |
| Arbella | $80 | $964 |
Generally, it costs around $1,386 per year to insure a 2016 Smart Fortwo. Cincinnati Insurance offers the most competitive insurance rates for the 2016 model at $515 per annum.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Cincinnati Insurance | $43 | $515 |
| Texas Farm Bureau | $55 | $660 |
| Erie | $67 | $807 |
| Vermont Mutual | $70 | $845 |
| Oklahoma Farmers Union | $72 | $862 |
| Progressive | $74 | $890 |
| USAA | $76 | $909 |
| Acuity | $76 | $910 |
| Tennessee Farmers | $80 | $966 |
| American Family | $83 | $991 |
| Country | $83 | $996 |
The insurance cost for a 2015 Smart Fortwo is usually $1,301 per year. However, Cincinnati Insurance offers the cheapest deal at just $496 per annum.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Cincinnati Insurance | $41 | $496 |
| Texas Farm Bureau | $53 | $644 |
| Erie | $63 | $751 |
| USAA | $64 | $770 |
| Vermont Mutual | $67 | $805 |
| Progressive | $67 | $807 |
| Oklahoma Farmers Union | $70 | $830 |
| Acuity | $73 | $876 |
| Tennessee Farmers | $73 | $878 |
| State Farm | $74 | $888 |
| American Family | $79 | $947 |
For the 2014 Smart Fortwo, Cincinnati Insurance offers the best insurance value at $587 per year. This is lower compared to the general market trend, which is $1,273 yearly on average.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Cincinnati Insurance | $49 | $587 |
| Texas Farm Bureau | $52 | $628 |
| Erie | $55 | $662 |
| Vermont Mutual | $59 | $708 |
| USAA | $60 | $719 |
| Acuity | $65 | $780 |
| Oklahoma Farmers Union | $66 | $792 |
| Tennessee Farmers | $68 | $817 |
| Progressive | $70 | $840 |
| Country | $74 | $890 |
| American Family | $74 | $895 |
While the average annual premium for a 2013 Smart Fortwo is $1,205, Cincinnati Insurance stands out by offering the cheapest rates at $561 per year.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Cincinnati Insurance | $47 | $561 |
| Texas Farm Bureau | $50 | $591 |
| Erie | $54 | $650 |
| USAA | $57 | $686 |
| Vermont Mutual | $60 | $719 |
| Progressive | $62 | $745 |
| Oklahoma Farmers Union | $62 | $750 |
| Acuity | $64 | $774 |
| Tennessee Farmers | $68 | $822 |
| State Farm | $72 | $868 |
| American Family | $75 | $897 |
Offering an annual premium of $521, Cincinnati Insurance provides the cheapest insurance rates for the 2012 Smart Fortwo, which is around $600 less than the general average of $1,124 per year.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Cincinnati Insurance | $43 | $521 |
| Texas Farm Bureau | $47 | $568 |
| Vermont Mutual | $47 | $569 |
| USAA | $50 | $605 |
| Erie | $52 | $622 |
| Acuity | $53 | $636 |
| Oklahoma Farmers Union | $56 | $678 |
| Tennessee Farmers | $60 | $718 |
| Country | $64 | $769 |
| State Farm | $68 | $812 |
| American Family | $68 | $814 |
It is wise to choose Cincinnati Insurance as the insurance provider for your 2011 Smart Fortwo. The annual premium is $513, which is lower than the average annual rate of $1,108.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Cincinnati Insurance | $43 | $513 |
| Vermont Mutual | $44 | $526 |
| Texas Farm Bureau | $45 | $536 |
| Erie | $51 | $616 |
| USAA | $52 | $626 |
| Oklahoma Farmers Union | $54 | $644 |
| Tennessee Farmers | $57 | $682 |
| Acuity | $58 | $700 |
| Arbella | $59 | $712 |
| Country | $60 | $717 |
| American Family | $64 | $768 |
The Smart Fortwo comes with a number of safety features, which can reduce the insurance rates when you apply.
Some of the installed features include:
Drive Safely: Careless driving can badly affect the Smart Fortwo auto insurance costs. So, if you drive safely and keep a good driver's profile, it can help you lower your insurance premiums.
Improve the credit score: A good credit score, which is recommended to be above 700, can help you save up to $250 or more every year.
Follow driving laws: Even something as simple as traffic violations can increase the auto insurance premium for your Smart Fortwo.
Ask for relevant discounts: There are several discounts available from insurance companies that they don't usually tell you about, so you'll have to ask. Discounts like loyalty, senior citizens, military veterans, and more can help you bring down your annual premium.
Bundle insurance policies: You can save even more by bundling auto and home insurance policies.
Download the Way app or head to the Way.com website to start your auto insurance journey and get a free quote in just minutes. On our platform, you can compare offers from more than 140 different insurance providers. It will let you choose the best policy that may help you lower your Smart Fortwo car insurance costs.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’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 way.com
Way.com’s Insurance Broker Quote Data
The Smart Fortwo insurance cost typically falls around $1,452 per year, depending on factors like the driver's age, location, driving history, and coverage level.
Full coverage is needed only if your Fortwo is leased or financed. If your car is older and fully paid off, liability coverage may be enough.
The Smart Fortwo car insurance cost is cheaper compared to that of many other larger and more expensive cars. This is mainly due to the low market price and high safety features of the car model.
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