Smart Car Auto Insurance (2024)
Smart car auto insurance averages $100/mo. Smart car insurance prices are low since they're inexpensive and have great safety ratings. Below, we'll help you compare the average cost of Smart car insurance and find the best Smart insurance company offering the coverage options and discounts you need.
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Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed insurance agent with 23 years of experience helping people protect their families and businesses with the best insurance coverage to meet their needs. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
UPDATED: Feb 7, 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 auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page 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: Feb 7, 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 auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- State Farm and Geico offer low Smart car insurance rates
- Affordability and solid safety ratings keep Smart car auto insurance costs low
- Save even more on insurance for Smart cars by comparing quotes and discounts
The average driver sees much lower Smart car auto insurance rates compared to other makes and models. Of course, there are various factors that affect auto insurance rates for Smart cars, but most drivers pay around $100 monthly.
While used Smart car owners sometimes think they should skip coverage to save money, driving without auto insurance is never a good idea. Read on to learn more about Smart car insurance, including how much it might cost you. Then, enter your ZIP code above to compare Smart car auto insurance rates with the best companies.
Best Smart Car Auto Insurance Options
In all states, drivers are required to take financial responsibility for damages they cause to others while driving a car, and this includes driving a Smart car. To ensure compliance with this law, many states require drivers to purchase liability auto insurance. Liability coverage pays for car repairs, medical bills, and other accident-related expenses if you are at fault.
Liability car insurance does not pay for any of your own vehicle’s repair bills or for your own other accident-related expenses.
Collision insurance can be purchased as optional coverage to pay for your expenses if you are involved in an accident. If you want even more coverage for weather-related damage, fire, theft, and other types of damaging events, you will need to purchase comprehensive insurance.
There are other optional types of auto insurance coverage to consider when buying a car insurance policy for your Smart car. For example, towing coverage pays for any towing expenses you incur as a result of a breakdown or accident up to the limits of your coverage.
Rental car insurance may pay for you to rent a car when your own vehicle is being repaired up to a certain dollar limit or for a specified number of days per claim.
You can also buy coverage for personal property losses, personal injury losses, and more. Your insurance agent or representative can help you to learn more about the different types of coverage available for your Smart car.
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Determining How Smart Car Features Affect Insurance Costs
Many factors determine the cost of your auto insurance policy. Take a look at the table below to see what factors impact your Smart insurance rates:
Factor/Time | Description/Impact |
---|---|
Mileage | Driving fewer miles can lead to decreased insurance rates, while increased mileage raises the risk and potentially the cost. |
Time of Day (3–6 p.m.) | During peak commute times between 3-6 p.m., 16% of traffic fatalities occur. |
Rush Hour Accidents | One in four traffic accidents happens during the rush hour. |
Accidents Proximity to Home | Accidents are most likely to occur within 25 miles of a driver's residence. |
Driving Behavior (Rush vs. Relaxed) | Commuters who are often in a rush tend to make riskier decisions, leading to a higher likelihood of accidents. |
Job & Mode of Commutation | Individuals who use public transportation daily often have lower insurance rates compared to those who commute by car every day. |
Hard Braking Events | Frequent hard braking is often viewed as an indicator of potentially risky driving behavior. |
Cellphone Use While Driving | Distracted driving, especially cellphone use behind the wheel, significantly increases the risk of accidents. |
Vehicle Usage Classification | Cars used for "pleasure" typically have lower insurance rates than those classified under "business" or "commuter" due to risk factors. |
Driving in High-Risk Areas | Regularly driving in areas that are prone to accidents or vehicle vandalism can lead to increased insurance rates. |
In addition to these factors, car insurance rates are also determined by the vehicle you drive. Some of the features of a Smart car make this a very affordable vehicle to insure, and these features include:
- The power of the engine
- The repair and replacement cost
- Safety ratings
A Smart car generally has a much smaller and less powerful engine than many other vehicles on the market. It also is an affordable vehicle to repair or replace, and it has exceptional safety ratings.
As you can see, there are many factors related to the Smart car that make it very affordable to insure, but you understandably still want to find the best coverage available to save money and enjoy maximum protection from your car insurance policy. By focusing your attention on a few important factors when buying car insurance, you can make a better overall decision for your coverage needs.
Finding Top Smart Car Auto Insurance Companies
Most auto insurance providers offer Smart car coverage, and this gives you a great range of providers to purchase your coverage from. Usually, State Farm and Geico offer the cheapest rates for Smart cars of all the top providers.
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However, not all providers have the same level of financial strength or the same consumer satisfaction ratings. These factors can impact your regular interactions with your provider as well as how easy the claims process is if you need to file a claim.
Therefore, it is wise to begin looking for the best car insurance companies by researching their financial strength online. A great resource to use is the A.M. Best website. Through this website, you can easily search for providers that you want to get a quote from and determine their financial strength.
Consumer Reports and online reviews are also available to help you determine which providers have a solid reputation. You can learn more about billing practices, claims processes, and more by reading various online reviews and reports.
Determining How Much Smart Car Insurance Coverage You Need
Before you request quotes for your Smart car insurance, you need to determine how much car insurance you need to buy. As a starting point, look at state minumum auto insurance requirements. Your lender may also have coverage requirements for you to meet. These should be considered minimum insurance requirements, and you may consider increasing your coverage limits or buying optional coverage.
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— AutoInsurance.org (@AutoInsurance) May 1, 2023
Any expenses that you incur through liability or other factors are your responsibility. If your coverage limits are too low or your coverage type does not pay for the expenses, you must pay the expenses out of your own funds.
Many serious accidents can cost tens of thousands of dollars or more, and minimum coverage limits may not pay for the full amount of the expenses.
Increasing coverage limits and buying optional coverage types can decrease your out-of-pocket expenses if you're involved in an accident.Kristen Gryglik Licensed Insurance Agent
Your insurance agent or provider can provide you with recommendations for coverage. Because the minimum requirements vary by state and lender, your agent will need to review your specific factors to determine if buying optional insurance makes sense for you.
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Smart Car Insurance: Money-Saving Discounts
While Smart cars are affordable to insure, you understandably want to keep your premium as low as possible. One option to do so is to take full advantage of discounts offered by some providers. A few of the more common auto insurance discounts that you may find with top companies include good student, good driver, anti-theft, and multi-vehicle discounts.
Read More:
- How to Get a Good Student Auto Insurance Discount
- How to Get a Good Driver Auto Insurance Discount
- How to Get an Anti-Theft Auto Insurance Discount
- How to Get a Multi-Vehicle Auto Insurance Discount
These discounts can make your cheap Smart car auto insurance rates even lower.
More About Finding Cheap Smart Car Auto Insurance Rates
Whether you are thinking about buying a Smart car or you are ready to buy insurance for your new Smart car, you can see that this is an affordable vehicle to insure. You can easily request quotes today to identify the best deal overall for Smart insurance.
Get started on comparing cheap car insurance rates for Smart cars by entering your ZIP code below.
Frequently Asked Questions
Are Smart cars more expensive to insure?
No, Smart car insurance costs around $100 monthly, around $19 cheaper than the national average.
Do you need insurance for a Smart car?
Yes, you must carry the minimum coverage requirements for Smart car insurance to drive legally.
What factors affect Smart car insurance costs?
Smart car auto insurance costs are influenced by factors such as driving history, location, age, credit score, and the coverage options chosen.
What types of coverage should you consider for your Smart car?
Besides liability coverage, it’s advisable to consider collision insurance for accidents and comprehensive insurance for damages due to weather, fire, or theft. Optional coverages like towing and rental car coverage are also worth considering.
Are there discounts available for Smart car auto insurance?
Yes, many insurance providers offer discounts for Smart car owners. Common discounts include multi-policy discounts, safe driver discounts, and discounts for safety features such as anti-lock brakes and airbags.
How can you find the best Smart car auto insurance provider?
Research the financial strength and reputation of Smart car insurance providers. Use resources like the A.M. Best website for financial strength ratings and read consumer reviews to assess customer satisfaction and claims processes.
How much coverage do you need for your Smart car?
Start with the minimum coverage requirements set by your state and lender, but consider increasing your coverage limits and adding optional coverages to avoid out-of-pocket expenses in case of accidents. Consult with an insurance representative to personalize your Smart car insurance policy.
What is a disadvantage of a Smart car?
One of the most significant cons of a Smart car is its limited space and cargo capacity.
Why was Smart car discontinued?
Smart cars stopped being produced in the United States after 2019 due to low sales.
Are there discounts available for insuring a Smart car?
Smart cars equipped with safety features or anti-theft devices could qualify for discounts.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed insurance agent with 23 years of experience helping people protect their families and businesses with the best insurance coverage to meet their needs. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
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.