Auto Insurance for a Smart Car – Policygenius

bribe car policy for a Smart cable car is similar to purchasing policy for any early compact car. When shopping for car policy for a Smart car, you ‘ll have to consider what types of protection you need and how eminent to set your coverage limits. ready to shop car policy ? Start calculator Compared to other types of cars, it may be easier to find brassy car policy for a Smart car, even if you live in a crowd city where rates are typically higher for most people. While the average monetary value of insurance for a bright cable car can be less than average, we still recommend comparing car quotes to ensure you find the best rates near you.

Key Takeaways

  • good like owners of conventional vehicles, drivers of Smart cars have to get insurance to drive legally .
  • The cost of car indemnity for a Smart car may be cheaper than insuring a larger vehicle, like a truck or sedan .
  • In our comparison of the average cost of insuring unlike vehicles in a city, we found that car indemnity for a Smart was closely $ 1,000 cheaper than conventional vehicles .

How car indemnity for Smart cars works

car policy for a Smart car international relations and security network ’ t different from car policy for any other type of fomite. It silent offers the same fiscal auspices from at-fault accidents and other sources of property damage. If you own a Smart car, getting the right come of policy is hush a matter of considering which types of coverage you need and how high to set the limits of your coverage. smart cars have been discontinued in the U.S., so it ‘s possible that they could cost more to buy and repair in the future. however, right nowadays, with Smart car ‘s relatively lower buy price compared to conventional vehicles, you might feel tempted to lower your coverage levels by declining collision and comprehensive coverage, which can be expensive to add. Since Smart cars have a relatively gloomy buy price to begin with, they don ’ triiodothyronine represent as big an investment as a larger, pricier car. however, if you ‘re a daily driver, it would be knowing to invest in comprehensive and collision coverage to protect your Smart car in case it ’ second damaged or stolen — specially if you live in a herd city, where bright cars are most popular. → Learn about how much car indemnity you need for your fomite

cost of policy for a Smart car

Smart cars cost less to insure than early cars, on average. Because of the small size of Smart cars, they cost less to make and do less damage than other vehicles that are much bigger. For these reasons, it ‘s frequently cheaper to insure a smart car compared to larger vehicles. Based on a comparison of rates in New York City, Policygenius found that the average cost of car indemnity for a Smart car is 16 % cheaper than it is for more conventional vehicles. While the average combined price of insuring these larger vehicles is $ 430 per calendar month ( $ 5,165 per year ), the cost of insuring a chic cable car is $ 360 per calendar month — a difference of $ 839 per year .Cost of auto insurance for a Smart car While the cost of car insurance for a Smart car is cheaper than coverage for other types of vehicles, your premium will vary depending on your localization, how much coverage you need, your age, your drive criminal record, and more. Your indemnity provider besides affects what you pay for car indemnity. In fact, we found that the cost of insuring a smart car can vary by hundreds of dollars per calendar month depending on your indemnity company. In New York City, for example, cable car indemnity from GEICO is 54 % more low-cost than average, while Liberty Mutual ‘s rates are 34 % higher .

insurance company monthly price 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

Rates are for full coverage in New York City While the cost of car indemnity for a Smart car is cheaper than coverage for other types of vehicles, your bounty will vary depending on your location, how much coverage you need, your age, your drive criminal record, and more. Your policy provider besides affects what you pay for cable car insurance. In fact, we found that the cost of insuring a chic car can vary by hundreds of dollars per month depending on your indemnity caller. In New York City, for example, cable car indemnity from GEICO is 54 % more low-cost than modal, while Liberty Mutual ‘s rates are 34 % higher .

other factors that affect Smart car ‘s indemnity cost

As with any car, the cost of your car policy for a Smart care is determined by a number of personal factors, including :

  • How high or low you set your deductible
  • Your age and drive feel
  • Any by violations, tickets, or accident
  • Your localization and ZIP code
  • How frequently you drive
  • Your citation history and insurance score

The cost of your policy will besides be tied to what type of coverage you add to your policy. While you must carry a minimum sum of car policy to drive, there are besides other types of coverage you might want to consider including in your policy. Adding coverage like wayside aid or rental cable car reimbursement, or others, will mean more protection but higher premiums. Regardless of your personal history or the come of coverage you want to carry, the best way to get your lowest rate is by requesting quotes from more than one insurance company and comparing your options before you buy. ready to shop cable car insurance ? Start calculator

car insurance discounts for Smart cars

car policy discounts are a good manner to save on the price of policy for a Smart car. Though smart cars are improper, the like discounts normally apply to them as traditional cars. If you ‘re looking for bum indemnity for your Smart car, you could save money by :

  • Owning an electric model of your car
  • Going multiple years without an accident
  • Avoiding tickets and traffic violations
  • Paying your premiums on fourth dimension, or all at once
  • Completing a defensive driving education course

additionally, your cable car ‘s features could affect your rates. If your fomite has anti-theft devices, like an dismay arrangement, steering steering wheel lock, or is kept in a garage, you could get cheaper car policy .

methodology

To find the cost of a Smart car, Policygenius compared rates from five of the largest insurance companies in the U.S. for a sample 30-year-old single driver living in the New York City area. Our sample distribution driver owned a 2017 Smartcar FourTwo. We gathered quotes from :

  • GEICO
  • department of state farm
  • progressive
  • Allstate
  • Liberty Mutual

additionally, we besides found the cost of insurance for a Smart car proportional to the price of covering other types of vehicles. To do this, we gathered rates from every insurance company in the New York City sphere for a 30-year-old driver without a history of indemnity. For this dowry of our discipline, Policygenius analyzed car policy rates provided by Quadrant Information Services. Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ. All rates in this study are for drivers insured for full coverage. For the purposes of this learn, this means that their policies carried the follow limits :

  • Bodily injury liability : 50/100
  • place damage liability : $ 50,000
  • Uninsured/underinsured motorist : 50/100
  • comprehensive : $ 500 deductible
  • collision : $ 500 deductible

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