Cheapest Car Insurance for a Smart Car (2024)

On average, Hugo offers the cheapest car insurance policies for Smart car drivers.

Jacqueline DeMarco
Jacqueline DeMarco
  • 13+ years writing insurance and personal finance content

  • Insurance, lending, and retirement expert

Jacqueline has contributed content, and her personal finance passion, to dozens of noteworthy financial brands, including Credit Karma, Bankrate, and MagnifyMoney.

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Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

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Konstantin Halachev
Data reviewed byKonstantin Halachev
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Konstantin HalachevVice President of Engineering
  • 7+ years experience in data analysis

  • Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Updated December 3, 2023 at 4:00 PM PST

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If you drive a Smart car from the popular auto manufacturer Mercedes-Benz, then you may already enjoy the vehicle’s small size and ability to zip in and out of tight parking spaces. Plus, Smart cars are generally affordable to insure. The average cost of car insurance for a Smart car is $172 a month for full coverage and $86 a month for liability only. The compact size of this car is likely what makes it more affordable to insure than other larger car models.

If you want to free up some room in your monthly budget, here’s how to find cheap Smart car insurance.

Quick Facts
  • Liability insurance for Smart cars costs less than the national average of $103 per month.

  • USAA and State Farm are some of the cheapest auto insurance companies for Smart car models.

  • Mercedes-Benz is no longer manufacturing Smart cars for the U.S. market but still offers service and support for the vehicle.

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How much does it cost to insure a Smart car?

Many factors influence the cost of Smart car insurance, including vehicle-specific elements. First, the car’s make, model, and year play a pivotal role. High-performance or luxury vehicles tend to have higher insurance premiums due to their repair and replacement costs. Additionally, the car’s age and safety features affect rates, with newer cars often qualifying for discounts thanks to advanced safety technology.

Another critical factor is what the driver uses the car for — whether for commuting, business, or pleasure. Commuters may pay more expensive premiums, as they spend more time on the road, increasing their risk of accidents.[1]

The following table outlines the average monthly car insurance quotes for full-coverage policies for two Smart car models.

Car ModelAverage Monthly Quote
Smart Fortwo EQ Prime$181
Smart Fortwo EQ Pure$164
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for Smart cars

To help you find the cheapest car insurance for Smart cars, let’s take a closer look at how much it can cost on average to insure two types of Smart vehicles with various companies.

Smart Fortwo EQ Prime

The Smart Fortwo EQ Prime is one of the last Smart car models that Mercedes-Benz sold in the U.S. New models aren’t available in the United States anymore, but Mercedes-Benz is still servicing and supporting the vehicles.

Shop around and get quotes from different car insurance companies to find the one that offers the coverage you need at the best price for your budget. The table below shows the cheapest car insurance companies for the Smart Fortwo EQ Prime.

Insurance CompanyAverage Monthly Quote
Hugo$63
USAA$86
State Farm$95
GEICO$99
Nationwide$109
Allstate$118
Progressive$139
American Family$150
Liberty Mutual$151
Direct Auto$169
Travelers$173
Farmers$201
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Smart Fortwo EQ Pure

Like the Smart Fortwo EQ Prime, new Pure models aren’t available in the U.S. anymore. However, the two Smart car models share plenty of features. The difference between the Fortwo EQ Pure and the Fortwo EQ Prime is the trim. The Pure model came with steel wheels versus the Prime’s aluminum wheels, and some optional interior features that were available with the Prime weren’t available with the Pure model.

The cheapest insurers for the Smart Fortwo EQ Pure model are Hugo, USAA, and State Farm. But check out the table below for other cheap car insurance companies.

Insurance CompanyAverage Monthly Quote
Hugo$57
USAA$78
State Farm$86
GEICO$89
Nationwide$99
Allstate$107
Progressive$126
American Family$136
Liberty Mutual$136
Direct Auto$153
Travelers$157
Farmers$182
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

How to get the cheapest Smart car insurance

If you want to insure your Smart car without spending too much on insurance, consider these tips while shopping for a new policy:

  • illustration card https://a.storyblok.com/f/162273/100x100/4d03c561b5/declaration-page.svg

    Determine your coverage needs

    Figure out how much coverage you need based on your state’s minimum requirements and how much protection you want. Choose a policy that meets your needs without unnecessary extras.

  • illustration card https://a.storyblok.com/f/162273/x/fa11c1fe75/comparison-website.svg

    Shop around and compare rates

    Get car insurance quotes from multiple insurance companies. You can use online comparison tools or work with an independent insurance agent to ensure you’re getting the best possible rates.

  • illustration card https://a.storyblok.com/f/162273/x/9f249b61b8/bundling.svg

    Bundle your policies

    Consider bundling your Smart car insurance with other insurance products, such as home or renters insurance, as this often results in significant discounts. It’s always a good idea to ask for information about any potential customer discounts the insurance company offers.

  • illustration card https://a.storyblok.com/f/162273/x/64a2fc54c7/good-driver.svg

    Maintain a clean driving record

    Drive responsibly to qualify for lower premiums, as having a bad driving record is one of the main reasons insurers increase premiums. Avoid accidents and traffic violations because a good driving history can lead to cheaper car insurance for your Smart car.

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What Smart car insurance covers

You usually have the following coverage options when insuring your Smart car to protect yourself and other drivers. While almost all states require liability insurance, you can also add optional coverages to your policy for more protection:[2]

  • illustration card https://a.storyblok.com/f/162273/x/169fdfde11/liability-coverage.svg

    Collision coverage

    Collision coverage pays for repairs to your vehicle if it’s damaged in a collision with another vehicle or object, regardless of fault. You’ll typically pay a deductible before this coverage kicks in.

  • illustration card https://a.storyblok.com/f/162273/x/665da91bf7/comprehensive-coverage.svg

    Comprehensive coverage

    Comprehensive coverage protects against non-collision damage, such as theft, vandalism, natural disasters, or hitting an animal. Like collision, it often requires a deductible.

  • illustration card https://a.storyblok.com/f/162273/x/5285c4cd74/uninsured-or-underinsured-motorist-coverage.svg

    Uninsured/underinsured motorist coverage

    Uninsured/underinsured motorist coverage safeguards you if you’re involved in an accident with a driver who lacks insurance or doesn’t have enough coverage to pay for your damages.

  • illustration card https://a.storyblok.com/f/162273/x/e30eeeebc5/personal-injury-protection.svg

    Personal injury protection (PIP) or medical payments coverage

    Personal injury protection and medical payments cover your medical expenses and those of your passengers, regardless of fault. PIP can also include lost wages and other related costs.

  • illustration card https://a.storyblok.com/f/162273/100x100/24f1697280/car-key.svg

    Rental car reimbursement coverage

    This coverage pays for the cost of a rental car — up to the policy’s limit — while your car is in the shop for repairs after a covered loss.

  • illustration card https://a.storyblok.com/f/162273/x/abffe6238f/financial-protection.svg

    Gap coverage

    If you finance or lease your Smart car, gap insurance pays for the difference between your loan balance and the insurance settlement in the case of a total loss.

Factors that affect your car insurance rates

Various factors affect how much you’ll end up spending on car insurance. Some of the most important factors include:[1]

  • Driving record: A history of accidents, traffic violations, and DUI convictions can raise the cost of insurance significantly, as insurers consider you a higher risk.

  • Age and gender: Younger, inexperienced drivers and males typically pay more for car insurance, as they’re statistically more likely to have accidents.

  • Vehicle type: The make, model, and age of your car affect the cost of insurance. High-performance and luxury cars often come with higher premiums due to their repair costs.

  • Location: Where you live matters — urban areas with more traffic and theft risk often have higher average rates than rural areas.

Learn More: How to Get Cheap Car Insurance

Learn More: How to Get Cheap Car Insurance

Smart car insurance FAQs

Learn why your car insurance costs might be high, and check out the answers to common questions about insurance for Smart cars.

  • Who has the cheapest Smart car insurance?

    Some of the cheapest car insurance companies for Smart models are Hugo, State Farm, and USAA. These companies have the lowest average monthly rates for the Fortwo Prime and Fortwo Pure models, according to Insurify data. However, the best way to find the lowest rate for you is to compare quotes from multiple car insurance companies.

  • How much does Smart car insurance cost?

    The average cost of car insurance for Smart models is $172 a month for a full-coverage policy and $86 a month for a liability-only policy.

  • Are Smart cars expensive to insure?

    Not when compared to other vehicles. Smart cars are one of the more affordable cars to insure. For example, on average, it costs $86 a month for a liability-only policy for a Smart car but $126 for a Tesla and $123 for a Mercedes-Benz.

Sources

Jacqueline DeMarco
Jacqueline DeMarco

During college, Jacqueline DeMarco interned at a retirement plan advisory firm and was tasked with creating a presentation on the importance of financial wellness. During her research into how money can affect our health, relationships and career, Jacqueline realized just how important financial education is. Jacqueline is a contributor for Insurify and has worked with more than a dozen financial brands, including LendingTree, Capital One, Credit Karma, Fundera, Chime, Bankrate, Student Loan Hero, ValuePenguin, SoFi, and Northwestern Mutual, providing thoughtful content to give readers insight into complex topics that they likely didn’t learn in school.

Courtney Mikulski
Edited byCourtney MikulskiSenior Editor, Auto
Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

Featured in

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Konstantin Halachev
Data reviewed byKonstantin HalachevVice President of Engineering
Headshot of Konstantin Halachev, VP of Engineering at Insurify
Konstantin HalachevVice President of Engineering
  • 7+ years experience in data analysis

  • Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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