Insurance for Smart Cars you Need to Know

Insurance for Smart Cars – Smart car coverage can occasionally be as unique as the vehicles themselves. These automobiles were designed to be fuel-efficient and easy to maneuver in congested urban environments, such as parking garages and sidewalks. Even though smart cars are no longer available for sale as brand-new vehicles in the United States, they remain a popular used car choice among American motorists.

Smart cars have a reputation for having low insurance rates because they are relatively inexpensive to insure compared to other vehicle types. Prices for brand-new models typically fell below $15,000. If the car is less expensive, the insurance company will pay out less money to cover its depreciated value in the event of a total loss. Even if you have a used car of lower value and need only liability insurance, you can get a much better rate.

Insurance for smart cars can cost as little as $1,100 to $1,200 a year for full coverage, significantly less than the national average. Getting car insurance for a Smart car is no different than getting insurance for any other compact car. When shopping for auto insurance for a Smart car, you’ll need to determine the level of protection you need and how much you want to spend.

Even if you live in a dense urban area where insurance rates are generally higher than for most people, you may have an easier time finding affordable auto insurance for a Smart car than for other vehicle types. Even though Smart cars tend to have lower-than-average insurance premiums, it’s still a good idea to shop around for the best rates in your area by comparing auto insurance quotes.

Types of Coverage 

You shouldn’t have to settle for less thorough coverage because of the size of your car. Consider all of your choices to determine the types of coverage that will provide you with the peace of mind you seek. Popular types of insurance for smart cars include:

  • Bodily injury liability: Pays medical costs for the other vehicle’s occupants if you’re at fault.
  • Property damage liability: Covers the cost of repairing or replacing the other driver’s vehicle or personal property.
  • Collision coverage: Repairs or replaces your vehicle, regardless of fault.
  • Comprehensive: This covers non-accident-related vehicle damage.
  • Uninsured / underinsured motorist: This coverage pays for vehicle repairs if you’re in an accident with a driver who has no insurance.
  • Personal injury protection: This coverage pays for your and your passengers’ accident-related medical bills.

In addition, drivers may choose one of the following less typical coverage insurance for smart cars options:

  • Closure of gaps
  • providing emergency roadside services
  • Hauling and renting


Cost of Insurance for Smart Cars

Due to their diminutive stature, smart cars are both cheaper to manufacture and less hazardous to the environment than their bulkier counterparts. This means that the cost of insuring a smart car is typically lower than that of a larger vehicle. Based on New York City rates, insurance for smart cars is 16% cheaper than for other vehicles. The average cost to insure these larger vehicles is $430 per month ($5,165 per year), while a Smart car costs $360 per month ($839 per year less).

Insurer Monthly cost Annual cost
GEICO $167 $2,009
Progressive $322 $3,869
Average $360 $4,325
Allstate $399 $4,792
State Farm $431 $5,170
Liberty Mutual $482 $5,787

The cost of insuring a Smart car is typically lower than that of other vehicles, but it still varies by factors such as where you live, how much coverage you need, your age, and your driving record. Your auto insurance premium may also be affected by the insurance provider you choose. Monthly insurance costs for a Smart car can vary by hundreds of dollars from one insurance company to another.

Insurance for smart cars, as with any other vehicle, depends on a variety of individual factors, such as:

  • How much of a deductible you choose to use
  • Your age and prior driving history
  • Any previous infractions, fines, or accidents
  • Where you are and your ZIP code
  • When do you drive?
  • Your insurance rating and credit history

The premiums you pay for a policy are also determined by the coverages you select. Although having liability insurance is a legal requirement in most places, it’s not the only kind of coverage you should consider adding to your auto policy. Additional coverage insurance for smart cars options like roadside assistance, rental car reimbursement, and more will raise both your premium and your level of protection.