Best Smart Car Insurance Rates in 2024
Mercedes-Benz has discontinued Smart cars in the United States, but you can compare Smart car insurance for a used car online to get affordable Smart car coverage. The cheapest Smart car insurance start between $40-$75 monthly.
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Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
UPDATED: May 13, 2024
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Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: May 13, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Mercedes-Benz stopped producing Smart cars in the United States in 2019, but drivers can still find affordable used models
- Rates on car insurance for a Smart car are average when compared to other subcompact and compact car insurance rates, like the MINI Hardtop and Toyota Corolla
- Where you live impacts your Smart car insurance rates, so compare quotes online from local companies to find the best insurance for a Smart car
Since Mercedes-Benz stopped selling the fortwo and forfour models in the U.S. in 2019, the average car insurance for a Smart car can be more affordable than other subcompacts. Used cars and older models cost less to insure because they cost less to repair or replace.
Monthly minimum insurance for Smart car rates are between $40-$75 for a fortwo, but full coverage jumps as high as $100-$400 depending on how much you carry.
Smart car insurance quotes are easy to find when you shop online. To get the best price on coverage, compare Smart car insurance rates with our free quote tool below.
However, you should first determine how much car insurance you need for a Smart car and compare policies from different companies to get the lowest rates.
Different Types of Car Insurance for a Smart Car
Every state except Virginia and New Hampshire has minimum car insurance requirements. Smart car drivers must meet these requirements to legally register and drive a Smart Car.
You may need to carry one or all of the following types of insurance depending on the laws in your state:
- Smart Car Insurance
- Liability car insurance: Covers injuries and damages you cause to other drivers and passengers in an at-fault accident.
- Uninsured/underinsured motorist protection (UM/UIM): Covers your vehicle damage when you’re involved in a collision with an uninsured, underinsured, or hit-and-run driver.
- Personal injury protection (PIP) coverage: Covers your hospital bills after an accident, as well as lost wages and some household care costs if you’re unable to work due to your injuries.
- Medical payments (MedPay) coverage: Covers medical and hospital bills after an accident, no matter who is at fault.
Although not required by law, these optional types of car insurance for a Smart car will better protect you in the event of an accident:
- Collision car insurance coverage: Pays for damages you sustain from a collision with another car or stationary object, like a lamppost or mailbox.
- Comprehensive car insurance coverage: Pays for damages caused by anything that isn’t a collision, including fire, theft, vandalism, and weather-related events.
- Gap insurance: Pays the difference you still owe on a car loan if your leased or financed vehicle is totaled after a claim.
- Roadside assistance: Pays for tows, locksmith services, gas delivery, and tire changes if you’re stranded on the side of the road. Coverage varies by company, so compare roadside assistance packages before you buy.
Minimum liability is the cheapest Smart car insurance, but it only covers damages to other drivers. In most situations, you need collision and comprehensive insurance to protect your Smart car.
When you buy full coverage car insurance, you will have liability, collision, and comprehensive coverage on one policy. This costs more but insures your Smart car against most types of damages.
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Affordable Smart Car Insurance Rates
If you choose to carry liability only, your rates can go lower than $40 per month, which is on par with other subcompact and compact cars, like the MINI Hardtop and Toyota Corolla. If you buy full coverage, your Smart car insurance rates can go up by $100 or more.
On average, Smart car insurance compares to MINI Cooper car insurance rates, so you can expect to pay close to $43 per month for liability and $106 for full coverage if you have a clean driving record.
You will see your rates rise if you drive the convertible Cabrio or any of the Smart electric vehicles (EVs). This is because convertibles are at an increased risk for accidents and rollovers, leading to higher rates.
However, EV drivers can get lower rates on electric car insurance by qualifying for green car insurance discounts with participating companies.
Keep reading for more tips on how to save money on Smart car insurance rates.
How to Compare Smart Car Insurance Rates
You will find the best insurance for a Smart car when you compare rates online.
Quote comparison tools like ours below give you the power to compare Smart car insurance rates from multiple companies across different policy types. This is why knowing what kind of coverage you need is important to get the most accurate quotes.
You should also consider the following when comparing Smart car insurance online:
- Driver age and gender: Teen males pay the most for insurance regardless of what they drive, so compare quotes from multiple companies to see which offers the best rates to young drivers.
- Driver location: Urban drivers pay more for insurance than those in rural areas, so get location-based car insurance quotes from local companies for the most accurate rates.
- Driver habits and claims record: Safe drivers who avoid accidents and file claims for three years or more will get the cheapest Smart car insurance rates.
- Vehicle model year: Since new models of Smart cars are not available in the United States, you may get cheaper rates for driving a used car, depending on the model year.
- Driver and vehicle discounts: Most companies offer car insurance discounts for safe driving, electric vehicles (EVs), and bundling policies for home and car insurance, so compare insurers to see which offers the biggest savings.
Smart cars are more expensive to insure if you drive an electric or convertible model. Still, you can lower your rates by maintaining a safe driving record and qualifying for discounts.
Always ask about bundling discounts if you buy home and car insurance from the same company, and young drivers can earn 10% or more off Smart car insurance rates with good student discounts at most companies.
Analyze Smart Car Insurance Rates Across Model
Explore Smart car insurance rates across models, spotlighting the Smart Fortwo. Gain valuable insights to inform your insurance decisions quickly and effectively.
| Compare Smart Car Insurance Rates by Model |
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| Smart Fortwo |
Bottom Line on Comparing Smart Car Insurance Rates
Mercedes is not producing new Smart cars in the United States, but you can still find affordable car insurance for smart cars if you know where to look. Compare Smart car insurance rates online right here.
You’ll get quotes from local companies based on your age, driving record, and the model of Smart car you drive. Compare rates from multiple companies to see which can offer you the best price.
Your Smart car insurance quotes will be higher if you drive a Cabrio, the convertible, or an electric model, but you can lower your rates with discounts for green cars and safe driving. Always ask about discounts when comparing Smart car insurance rates to guarantee you get all the savings you’re entitled to.
Read more: Compare Convertible Car Insurance Rates
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Frequently Asked Questions
What are Smart car insurance ?
Smart car insurance refer to the premiums or costs associated with insuring smart or connected cars. These vehicles are equipped with advanced technologies that can collect and transmit data, allowing insurance companies to offer personalized based on individual driving behaviors and patterns.
How are Smart car insurance calculated?
Smart car insurance are calculated based on various factors, including the vehicle’s make and , the driver’s age and driving history, the location where the car is primarily driven, and the data collected by the smart car’s sensors and systems. This data may include information about driving speed, distance traveled, acceleration and braking patterns, and adherence to traffic rules.
What are the advantages of Smart car insurance ?
- Personalized pricing: Smart car insurance are tailored to individual driving habits and behaviors, which can result in lower premiums for safe drivers.
- Incentives for safe driving: By offering lower to drivers who exhibit safe driving habits, smart car insurance can encourage responsible behavior on the road.
- Data-driven feedback: Smart car insurance programs often provide feedback to drivers based on the collected data, helping them become more aware of their driving patterns and potentially improve their skills.
Are there any disadvantages of Smart car insurance ?
- Privacy concerns: Smart car insurance programs require the collection and transmission of data, raising concerns about the privacy and security of personal information.
- Limited options: Depending on the insurance provider, smart car insurance may only be available for certain makes and models of connected cars, limiting the choices for consumers.
- Data accuracy: The accuracy of the data collected by smart cars’ sensors and systems can vary, which may lead to discrepancies in the calculation of insurance .
How can I compare Smart car insurance ?
To compare smart car insurance , you can follow these steps:
- Research insurance providers: Look for companies that offer smart car insurance programs.
- Check eligibility: Ensure that your smart car is eligible for the program.
- Gather quotes: Request quotes from multiple insurance providers, comparing the coverage options, , and any additional benefits or features.
- Consider other factors: Take into account factors such as customer service, reputation, and policy terms and conditions when making your decision.
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Enter your ZIP code below to view companies that have cheap car insurance rates.
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Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.