How much does a smart car cost to insure?
The amount you pay for smart car insurance depends on the model you choose to buy. Your smart insurance costs might also vary depending on which insurance group your model falls into.
For example, the EQ 82hp Prime Premium Plus sits in group 15, while the smart 60kW EQ Exclusive is in insurance Group 10.
While all smart cars are small in size, some have more powerful engines and this is reflected in the cost of your car insurance. Older models such as the smart Roadster Coupe, built between 2003 - 2007 and with a distinctly sporty look, are placed in a relatively high insurance group (20-26).
Nowadays, smart is more focused on what it does best: producing an efficient and green ‘microcar’. All cars currently manufactured by smart are electric.
The range includes the smart EQ fortwo, the smart EQ fortwo Cabrio and the smart EQ forfour.
The company now offers technology to make electric driving as stress-free as possible. The smart EQ Control app allows you to keep an eye on important information such as your current battery status and range, all from your smartphone. The app works on all new smart cars.
Given the size of smart cars – even the 4-door EQ forfour is compact – you're unlikely to be hit with as large an insurance cost as you would with a larger, more powerful car. For instance, the average cost for the EQ fortwo Prime Exclusive is £465* and for the fortwo Grand Style MHD Coupe is £484*.
*These prices are an average based on the model, and all our customer quotes from 12/2/22 - 12/5/22. This includes different locations, driving background and other factors. Your own quote could be cheaper or more expensive depending on your personal circumstances.
All information on this page was last reviewed on 15 August 2022, see T&Cs.
History and facts about smart cars
While smart cars may only have appeared on UK roads from 1998, the history of the company behind the car goes back to the late 1980s.
The makers of Swatch (yes, the trendy watch with colourful straps), SMH, started developing an idea for a new car. The CEO of SMH, Nicolas Hayek, believed that the automotive industry had ignored customers who wanted a small but stylish car.
Initially the car was referred to as the ‘Swatchmobile’ – though not surprisingly this name was scrapped further down the line.
In order to develop the concept further, Hayek approached several manufacturers about a collaboration on his new ‘city car’. He finally reached an agreement with Volkswagen. However, this partnership was short lived as VW decided to terminate the project with SMH in 1993.
Hayek then approached other potential suitors including Fiat and Renault – with no joy. Eventually in 1994 he reached an agreement with Daimler-Benz AG, the makers of Mercedes-Benz.
By allying with Daimler-Benz, the Swatchmobile suddenly had a future – though the name itself did not. The German car giant didn't like the name and instead proposed ‘smart’, an acronym for Swatch Mercedes Art.
Given the smart car’s association with efficiency and practicality for city drivers, the smart name was far more in keeping with this image.
The first smart car was launched in October 1998. However, Hayek was disappointed in the debut car’s design. While he wanted it to be a hybrid, the first smart car was instead a conventional fuel-powered car.
Since then, smart has continued to pioneer cleaner energy in car design to the point that the current models it manufactures are all electric-powered.