Best Smart Car Insurance Rates in 2024 (Your Guide to the Top 10 Companies)
Progressive, Allstate, and USAA have some of the best Smart car insurance rates. Progressive's minimum coverage for Smart cars averages $45/mo. Mercedes-Benz has discontinued Smart cars in the U.S., but you can still compare Smart car insurance for a used car online to get affordable Smart car coverage.
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Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for insurance with the most affordable rates available. Not only does he strive to provide consumers with the best prices for insurance coverage, but he also wants those on the market for insurance to ...
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UPDATED: Jul 19, 2024
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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: Jul 19, 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.
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6,435 reviewsProgressive, Allstate, and USAA have the best Smart car insurance rates.
Take a look at the companies with the best Smart car rates below.
Our Top 10 Company Picks: Best Smart Car Insurance Rates
| Company | Rank | Good Driver Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 25% | A+ | Snapshot Program | Progressive |
 | #2 | 20% | A+ | Comprehensive Plans | Allstate |
 | #3 | 30% | A++ | Military Perks | USAA |
 | #4 | 20% | B | Coverage Options | State Farm |
 | #5 | 25% | A | Custom Policies | Liberty Mutual |
 | #6 | 20% | A+ | Vanishing Deductible | Nationwide |
 | #7 | 25% | A+ | Customer Service | Amica |
 | #8 | 22% | A++ | Affordable Rates | Geico |
 | #9 | 23% | A++ | Discount Variety | Travelers |
 | #10 | 20% | A | Personalized Service | Farmers |
Since Mercedes-Benz stopped selling the two and four models in the U.S. in 2019, average car insurance for a Smart car is more affordable than other subcompacts. Used cars cost less to insure because they cost less to repair or replace, making it easier to find cheap car insurance for older vehicles.
Affordable 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.
- Progressive has some of the best Smart car insurance rates
- Mercedes-Benz stopped producing Smart cars in the United States in 2019
- Rates on Smart car insurance are similar to MINI Hardtop and Toyota Corolla rates
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#1 – Progressive: Top Pick Overall
Pros
- Snapshot Program: Joining Snapshot can help customers reduce their Smart car insurance costs.
- Competitive Rates: Rates at Progressive are competitive for good drivers. Read more about rates in our Progressive car insurance review.
- Budgeting Tool: Progressive has a free tool to help drivers on a budget determine rates.
Cons
- Snapshot Rate Changes: While Snapshot usually reduces rates, Smart car owners may have a rate increase if they are bad drivers.
- Customer Service: While Progressive’s customer service is decent, there could be improvement.
#2 – Allstate: Best for Comprehensive Plans
Pros
- Comprehensive Plans: Allstate offers great comprehensive car insurance plans for Smart cars. Find out more in our Allstate review.
- Pay-Per-Mile Insurance: A cost-saving insurance for Smart car drivers who travel fewer than 10,000 miles annually.
- Bundling Discount: Customers can save on Smart car coverage by also buying home or renters coverage.
Cons
- Claim Satisfaction: Negative reviews and complaints are slightly higher at Allstate for claims.
- Young Driver Rates: Allstate’s rates are expensive for teens purchasing their own Smart car policy.
#3 – USAA: Best for Military Perks
Pros
- Military Perks: USAA members can also get travel discounts and shopping discounts. Discover more by checking out our USAA review.
- Youth Discounts: USAA has discounts exclusively for young drivers, as well as multiple discounts for all ages of drivers.
- Bundling Discount: USAA sells other types of insurance, like home coverage, that can be bundled for a discount with car insurance.
Cons
- Eligibility: USAA insurance is only sold to military and veteran families.
- Local Agent Availability: There are very few local agents, so most assistance is virtual.
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#4 – State Farm: Best for Coverage Options
Pros
- Coverage Options: State Farm has basic and specialty coverage options for customers. Our State Farm review goes over coverage options in more detail.
- Discount Variety: State Farm has a variety of saving options for customers.
- Local Agents: Smart car customers can get personal assistance.
Cons
- Financial Rating: State Farm was recently downgraded to a much lower financial management rating.
- Agent Purchases: Policies can’t be bought online, even though you can start your quote online.
#5 – Liberty Mutual: Best for Custom Policies
Pros
- Custom Policies: Liberty Mutual makes it simple for customers to customize their Smart car policies.
- Claim Filing: Customers can file online 24/7 (learn more: How do you file a car insurance claim?).
- Availability: Smart car owners can buy coverage in any state.
Cons
- Customer Ratings: Liberty Mutual could improve its customer service ratings.
- Discount Availability: Some discounts may be limited by location.
#6 – Nationwide: Best for Vanishing Deductible
Pros
- Vanishing Deductible: Good drivers will have their deductibles vanish for staying claims-free.
- Low-Mileage Insurance: Nationwide SmartMiles is pay-per-mile insurance that can help low-mileage Smart car drivers save.
- Bundling Discounts: One of the biggest Nationwide car insurance discounts is a bundling discount.
Cons
- Telematics Tracking: Nationwide does track data with SmartMiles.
- Customer Ratings: Nationwide could improve its ratings for customer service.
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#7 – Amica: Best for Customer Service
Pros
- Customer Service: Amica’s customer service is rated highly by most customers.
- Coverage Options: Amica has extras like rideshare insurance in some states (learn more: Compare Rideshare Car Insurance: Rates, Discounts, and Requirements).
- Discount Variety: Amica offers several saving opportunities to Smart car drivers.
Cons
- Availability: Amica doesn’t sell insurance in Hawaii.
- Telematics Opportunities: Amica doesn’t have a telematics driving discount.
#8 – Geico: Best for Affordable Rates
Pros
- Affordable Rates: Geico has competitive rates for good drivers. Read more about rates in our Geico review.
- Financial Stability: A.M. Best gave Gieco a good rating for its financial handling.
- Discount Variety: Geico has a range of discounts that can benefit Smart car owners.
Cons
- Local Agent Availability: Geico doesn’t offer local agents in most areas.
- High-Risk Rates: Geico is less affordable for DUI drivers or drivers with multiple at-fault accidents.
#9 – Travelers: Best for Discount Variety
Pros
- Discount Variety: Travelers has multiple discounts, such as its IntelliDrive UBI discount.
- Coverage Options: Travelers has more coverage options than most of its competition. Learn more in our Travelers review.
- Online Convenience: Travelers’ app allows customers to pay bills, make policy changes, and more.
Cons
- IntelliDrive Rate Changes: The discount program could actually raise rates if drivers do poorly.
- Customer Reviews: Travelers could improve its customer service slightly.
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#10 – Farmers: Best for Personalized Service
Pros
- Personalized Service: Farmers agents are local in some areas or available remotely for personalized assistance.
- Accident Forgiveness: Claims-free customers may be able to avoid increased rates post-accident.
- Coverage Options: Smart car drivers have plenty of choices at Farmers.
Cons
- Online Functions: Farmers’ online capabilities can be more limited than their competition.
- Customer Satisfaction: Not always rated highly, which you can read more about in our Farmers review.
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.
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You may need to carry one or all of the following types of insurance depending on the laws in your state:
- 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): This 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: This 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. Below, you can see the average rates for different coverages at the best companies for Smart cars.
Smart Car Insurance Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $50 | $130 |
| Amica | $46 | $122 |
| Farmers | $49 | $128 |
| Geico | $42 | $118 |
| Liberty Mutual | $55 | $135 |
| Nationwide | $47 | $123 |
| Progressive | $45 | $120 |
| State Farm | $48 | $125 |
| Travelers | $50 | $130 |
| USAA | $40 | $115 |
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.
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.
Your rates will rise if you drive a convertible Cabrio or any of the Smart electric vehicles (EVs). Convertibles are at an increased risk for accidents and rollovers, leading to higher rates.
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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.
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How to Compare Smart Car Insurance Rates
You will find the best insurance for a Smart car when you compare rates online. Companies to look at for quotes include Progressive, Allstate, and more.
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 auto 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 home and car insurance, so compare insurers to see which offers the biggest savings (read more: Best Companies for Bundling Home and Car Insurance).
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. Some discounts to look for at the best companies include good driver discounts and bundling 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.
| Compare Smart Car Insurance Rates by Model |
|---|
| Smart Fortwo |
Gain valuable insights to inform your insurance decisions quickly and effectively.
Bottom Line on the Best 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. 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 (read more: Compare Convertible Car Insurance Rates). Always ask about discounts when comparing Smart car insurance rates to guarantee you get all the savings you’re entitled to.
Ready to compare Smart car insurance rates online? Enter your ZIP into our free quote tool. You’ll get quotes from local companies based on your age, driving record, and the model of the Smart car you drive.
Frequently Asked Questions
What is Smart car insurance?
Smart car insurance refers 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 is Smart car insurance calculated?
Smart car insurance is calculated based on various factors, including the vehicle’s make, 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 usage-based car insurance programs?
Some of the advantages of UBI are:
- Personalized Pricing: Smart car insurance is 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.
Learn more in our article on the best usage-based car insurance companies.
Are there any disadvantages of usage-based car insurance?
Some of the disadvantages are:
- 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.
Make sure to fully weigh the pros and cons of usage-based insurance for smart cars before signing up for a policy.
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: Consider factors such as customer service, reputation, and policy terms and conditions when deciding.
Use our free tool to compare Smart car insurance quotes today.
Who has the most reasonable car insurance rates?
Progressive, USAA, Amica, and other companies have some of the most reasonable car insurance rates for Smart cars (read more: Cheap Car Insurance).
Who is cheaper, Geico or Progressive?
Geico is usually a little cheaper than Progressive on average for drivers with good driving records.
What are the weaknesses of smart cars?
Smart cars’ smaller size means that they aren’t ideal for families.
Do smart cars get stolen?
Yes, smart cars get stolen. To lessen the chances of your Smart car being stolen, you should install anti-theft devices. Anti-theft devices will also earn you a discount (learn more: Anti-Theft Car Insurance Discounts).
Are smart cars cheap to repair?
Yes, generally, most smart cars are cheaper to repair.
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Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for insurance with the most affordable rates available. Not only does he strive to provide consumers with the best prices for insurance coverage, but he also wants those on the market for insurance to ...
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.
