smart car insurance

smart cars are small in size, but depending on the model can have powerful engines which sometimes places them in a high insurance group. Each model is designed with city driving in mind, and newer models are geared around efficient, green driving.

Compare quotes from 163 insurers to find you car insurance for your smart car. Your insurance price will depend on a variety of factors including the insurance group of your vehicle, your driving history and personal information. Comparing prices is the best way to make sure you're getting a good price for your cover.

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How much does a smart car cost to insure?

smart car insurance prices depend on both the model and your individual circumstances and can vary a bit.

To insure some of the most popular smart car models the prices are:

Model Average price1
ForTwo Pulse MHD (71)
ForFour Prime Premium £359
EQ ForFour Passion Advanced £504
EQ ForTwo Pulse Premium £255
ForFour Electric Drive Prime Premium £286

1Based on data December 2022 - May 2023

What affects the price of car insurance?

Car insurance prices are calculated based on the insurers risk assessment of a few differing factors, including:

Your age: Drivers with less experience are considered higher risk as they are statistically more likely to be involved in an accident. Because of this younger drivers tend to pay more for their insurance.

Where you live: Built up areas often have higher rates of vehicle theft than rural areas and are more likely to be charged more for their car insurance.

Your occupation: Insurers also consider your job in your insurance price as some are seen as riskier than others. Jobs where you're on the road more will often increase the cost, and they will also consider the types of people you're likely to associate with and where your car will be parked during work hours.

Your car: All cars are given an insurance group from 1 to 50 with 1 being the cheapest to insure. As the number increases so with the cost of insuring the car, with vehicles in group 50 being the most expensive. Smart car insurance groups range from 11 to 40 depending on how powerful and expensive the model is.

Your driving history: Previous driving convictions or claims will impact the cost of your insurance.

How can I save on my smart car insurance?

There are ways you can reduce the cost of your car insurance regardless of your age, location and driving history. These include:

  • Pay annually rather than monthly
  • Add a named driver
  • Increase your voluntary excess
  • Shop around and compare quotes
  • Estimate your mileage accurately
  • Improve your car's security
  • Build up your no-claims discount

Pay annually rather than monthly. Choosing to pay annually can cost 16%2 less over all than paying monthly. This is due to the interest that insurers add to your price when you arrange monthly insurance.

Add a named driver, particularly if you're a young driver. Having a named driver with a good driving history on your policy can reduce the cost of your policy, with the average premium with just one driver being £7252 versus £5552 for a policy with a named driver.

Increase your voluntary excess. Typically, the higher you set your excess, the lower your premium will be - although make sure you set it to a level you can afford to pay in event of a claim. The most common excess amount is £250, with 62%2 of our customers choosing this amount.

Shop around and compare quotes. We've found that the best time to buy your policy is around 26 days before your renewal date2. Compare prices early to make sure you're getting the best deal for your cover.

Estimate your mileage accurately. If you drive more you'll be seen as higher risk of making a claim which will increase the cost of your insurance. Being accurate about how much you drive can help you avoid paying more than you need to. On average our customers drive 6,621 miles per year2. If you don't drive a lot, you might benefit from a pay as you go policy where you only pay for what you need.

Improve your car's security. Parking in a secure garage if you can could reduce the cost of your insurance compared to street parking, particularly on poorly lit roads. You could also reduce your cost by adding things like steering wheel locks, car trackers or immobilisers.

Build up your no-claims bonus (NCB). Many insurers offer discounts for each year you're insured without making a claim. If you've already built up your NCB you may benefit from looking at policies that offer to protect your NCB by allowing you to make a certain number of no-fault claims without losing it. Note that this will often be something you need to pay extra to add to your policy.

2Based on data December 2022 - April 2023

What insurance can I get for my smart car?

There are three levels of car insurance you can choose from:

  • Third-party
  • Third-party, fire and theft
  • Fully comprehensive
  • Third-party is the minimum cover required to drive on UK roads. It covers other drivers in case they are injured or their car damages in an accident involving your smart car. Your passengers will be covered for injury too but it won't offer any cover for yourself or your car.
  • Third-party, fire and theft builds on third party insurance by also covering your smart car for fire damage or if it's stolen.
  • Fully comprehensive offers the highest level of cover available. You'll have everything included in third party, fire and theft whilst also having cover for your own car should it be damaged in an accident. It's worth checking the price of a comprehensive policy as it's sometimes the cheapest cover as well as offering the most.

What optional add-ons can I get with my smart car insurance?

Adding optional extras to your policy is a good way to make sure you're covered for anything that might happen. What you choose will depend on what you need but some popular add-ons are:

Personal accident cover pays out up to an agreed amount if you are seriously injured or die in an accident involving your car.

Breakdown cover varies between insurers but most will typically provide various levels of cover for you to choose from. This will range from just roadside assistance to local recovery to full packages including national recovery and home start.

Motor legal protection covers any legal expenses you need to pay following an accident-related injury or motoring offences. It's worth checking policy documents as the level of cover available can vary between insurers.

Windscreen cover pays the cost of replacing your windscreen if it's damaged in an accident, and often also covers glass repairs to side and rear windows. You might find you have a separate excess charge for claims on windscreen cover.

The history of smart car

While smart cars may only have appeared on UK roads in 1998, the history of the company behind the car goes back to the late 1980s.

The makers of Swatch SMH were the first to develop the idea. 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 even though the German car giant didn't like the name and instead proposed ‘smart’, an acronym for Swatch Mercedes Art.

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 fuel-powered car.

Since then, smart has continued to pioneer cleaner energy in car design and all the current models of vehicles it manufactures are electric cars.

In 2019, Daimler established a joint venture with Chinese car maker Geely which will start production on the next generation of smart cars. Their first vehicle design, called Concept #1, was unveiled in 2021 at the Munich Motor Show.

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