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Key Takeaways
- Insurance premium for a Smart Fortwo costs an average of $1,452 annually or $121 per month.
- Cincinnati Insurance is the cheapest Smart Fortwo car insurance provider, at an average of $543 per annum.
- The car insurance premium for a Smart Fortwo is cheaper compared to that of other larger and more expensive car models.
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.
Smart Fortwo Auto Insurance Cost
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 get personalized quotes instantly and secure the best rate for your Fortwo.
Are Smart Fortwo Models Expensive to Insure?
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 help you find low-cost car insurance deals.
What Affects the Cost of Smart Fortwo Car Insurance?
Insurance providers often consider several factors when determining your Smart Fortwo premium. Some of the most common factors are given below.
- Age of the driver
- Gender of the driver
- Location
- Vehicle age & trim
- Driver profile
- The insurance company you choose
Smart Fortwo Insurance Cost by Model Year
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 |
Smart Fortwo Cheapest Insurance Cost by Company
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 customer-rated insurers 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 |
Cheapest Insurance Companies Based on Smart Fortwo Model Years
2017 Smart Fortwo
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 |
2016 Smart Fortwo
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 |
2015 Smart Fortwo
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 |
2014 Smart Fortwo
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 |
2013 Smart Fortwo
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 |
2012 Smart Fortwo
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 |
2011 Smart Fortwo
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 |
Smart Fortwo Safety Features
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:
- Tridion Safety Cell
- Full-size Front Airbags
- Head/Thorax Side Airbags
- Knee Airbags
- Electronic Stability Program (ESP)
- Anti-lock Braking System (ABS)
- Brake Assist System (BAS)
- Hill Start Assist
- Seatbelt Tensioners and Force Limiters
- Seatbelt Reminder
Ways to Save on Smart Fortwo Car Insurance
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. Hence it is best to explore plans that suit your driving habits.
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.
How Do I Find the Best Smart Fortwo Car Insurance Rates?
- Always research the market and insurance trends before purchasing car insurance for your Smart Fortwo. It could be tempting to choose a provider that offers a low rate. However, it's always better to apply for multiple free insurance quotes from as many companies as you can. You can either apply individually or use an insurance platform like Way.com.
- The best approach for finding the right policy is to analyze all of your options. Only choose a provider who offers a balance of low rates and comprehensive coverage.
- In only a few minutes, an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for with your financial position.
- The cheapest rates don't always mean the best! Consider spending a little bit more to get comprehensive coverage.
How to Get Smart Fortwo Auto Insurance with Way.com
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.
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
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
DATA SOURCES
Way.com’s Insurance Broker Quote Data
FAQ
How much does it cost to insure a Smart Fortwo?
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.
Is full coverage insurance necessary for Smart Fortwo?
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.
Is the Smart Fortwo expensive to insure compared to other cars?
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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