Cheap Smart Fortwo Electric Drive Car Insurance in 2024 (10 Most Affordable Companies)

Progressive, Allstate, and American Family offer the cheapest Smart Fortwo Electric Drive car insurance options, with rates as low as $65 per month.

Each of these top providers stands out for their reliability, affordable coverage, and excellent customer service. This article explores the factors that influence insurance costs for the Smart Fortwo Electric Drive and provides tips for finding the best deals.

Our Top 10 Company Picks: Cheap Smart Fortwo Electric Drive Car Insurance

Discover which provider offers the most value for your electric vehicle insurance needs. See if you’re getting the best deal on car insurance by entering your ZIP code above.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

#1 – Progressive: Top Overall Pick

Pros

• Personalized Rates: The Snapshot program offers customized rates based on individual driving habits, which can lead to significant savings for safe drivers of the Smart Fortwo Electric Drive, according to Progressive insurance review & ratings.
• Competitive Pricing: Progressive is known for providing competitive rates for electric vehicles, including the Smart Fortwo Electric Drive.
• Multiple Discounts: Offers a wide range of discounts for the Smart Fortwo Electric Drive, such as those for safe driving, bundling policies (auto and home), and having anti-theft devices.

Cons

• Mixed Reviews: Customer service reviews for the Smart Fortwo Electric Drive can be inconsistent, with some policyholders reporting dissatisfaction with the service received.
• Rate Increases: Rates for the Smart Fortwo Electric Drive may increase after the first policy term, especially if there are changes in driving behavior or claims history.

#2 – Allstate: Best for Discount Options

Pros

• Discount Options: Provides several discounts for the Smart Fortwo Electric Drive, including those for new cars, anti-theft devices, safe driving, and multi-policy bundling, as detailed in the Allstate insurance review & ratings.
• Strong Mobile App: The Allstate mobile app offers robust features for policy management, claims filing, and tracking driving behavior through the Drivewise program for the Smart Fortwo Electric Drive.
• Accident Forgiveness: Offers accident forgiveness options for the Smart Fortwo Electric Drive, which prevent rates from increasing after the first at-fault accident.

Cons

• Higher Premiums: Premiums for the Smart Fortwo Electric Drive can be higher compared to some competitors, particularly for electric vehicles.
• Variable Customer Satisfaction: Customer satisfaction for the Smart Fortwo Electric Drive can vary by region, with some areas reporting better service than others.

#3 – American Family: Best for Eco-Friendly Discounts

Pros

• Eco-Friendly Discounts: Offers discounts specifically for electric vehicles, including the Smart Fortwo Electric Drive, rewarding environmentally conscious drivers.
• Customizable Coverage: Allows for a variety of coverage options tailored to the unique needs of the Smart Fortwo Electric Drive.
• Bundle Savings: Offers significant savings when bundling auto insurance for the Smart Fortwo Electric Drive with other policies, such as home or renters insurance.

Cons

• Higher Premiums: Rates for the Smart Fortwo Electric Drive can be higher compared to other insurers, particularly without applicable discounts, as noted in the American Family insurance review & ratings.
• Fewer Online Tools: Limited online tools and resources for the Smart Fortwo Electric Drive compared to some competitors, which may be a disadvantage for tech-savvy customers.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

#4 – State Farm: Best for Drive Safe & Save

Pros

• Drive Safe & Save: Provides a usage-based insurance program that rewards safe driving with potential premium discounts for the Smart Fortwo Electric Drive, as highlighted in the State Farm insurance review & ratings.
• Extensive Agent Network: Wide network of local agents provides personalized service and support for policyholders of the Smart Fortwo Electric Drive.
• Discounts: Offers a variety of discounts for the Smart Fortwo Electric Drive, including those for multiple policies, safe driving habits, and vehicle safety features.

Cons

• Higher Premiums: Premiums for the Smart Fortwo Electric Drive may be higher without applicable discounts, which can make it less affordable for some drivers.
• Coverage Variability: Coverage options and availability for the Smart Fortwo Electric Drive can vary significantly by state, which might limit choices for some customers.

#5 – Travelers: Best for Competitive Rates

Pros

• Competitive Rates: Offers competitive rates for electric vehicles like the Smart Fortwo Electric Drive, making it an attractive option for cost-conscious drivers, as mentioned in the Travelers insurance review & ratings.
• Discount Options: Provides multiple discounts for the Smart Fortwo Electric Drive, including those for hybrid and electric vehicles, safe driving, and multi-policy bundling.
• Green Discount: Offers a specific discount for owning a hybrid or electric vehicle, such as the Smart Fortwo Electric Drive, encouraging environmentally friendly choices.

Cons

• Claims Process: Some policyholders report a slow claims process, which can be frustrating in the event of an accident.
• Agent Availability: Fewer local agents compared to some competitors, which may be a drawback for those who prefer in-person assistance.

#6 – Auto-Owners: Best for Bundling Discounts

Pros

• Bundling Discounts: Significant savings for the Smart Fortwo Electric Drive when bundled with home or life insurance, providing comprehensive protection at a lower cost.
• Discounts: Offers various discounts for the Smart Fortwo Electric Drive, including multi-policy and safe driver discounts, which can lead to significant savings.
• Claims Satisfaction: High satisfaction ratings for the claims process of the Smart Fortwo Electric Drive, indicating efficient and fair handling of claims.

Cons

• Limited Availability: The Smart Fortwo Electric Drive is not available in all states, which can be a drawback for potential policyholders in those regions, as noted in the Auto-Owners insurance review & ratings.
• Technology: Limited online tools and digital resources for the Smart Fortwo Electric Drive compared to some competitors, which may be a disadvantage for tech-savvy customers.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

#7 – Nationwide: Best for Vanishing Deductible

Pros

• Vanishing Deductible: Offers a vanishing deductible program for the Smart Fortwo Electric Drive that rewards safe driving by reducing the deductible over time.
• On Your Side Review: Provides an annual review of your policy for the Smart Fortwo Electric Drive to ensure you have the best coverage and discounts.
• SmartRide Program: A usage-based insurance program for the Smart Fortwo Electric Drive that offers discounts based on safe driving habits, as mentioned in the Nationwide insurance review & ratings.

Cons

• Higher Premiums: Premiums for the Smart Fortwo Electric Drive can be higher without discounts, making it less affordable for some drivers.
• Limited Agents: Limited availability of local agents for the Smart Fortwo Electric Drive in some regions, which may be a drawback for those who prefer in-person assistance.

#8 – Farmers: Best for Eco-Friendly Discounts

Pros

• Eco-Friendly Discounts: Offers discounts for electric vehicles and eco-friendly driving, rewarding environmentally conscious behavior of the Smart Fortwo Electric Drive.
• Comprehensive Coverage: Provides extensive coverage options tailored to the unique needs of the Smart Fortwo Electric Drive, as highlighted in the Farmers insurance review & ratings.
• Accident Forgiveness: Offers accident forgiveness options for the Smart Fortwo Electric Drive, preventing rates from increasing after the first at-fault accident.

Cons

• Online Tools: Limited online tools and digital resources for the Smart Fortwo Electric Drive compared to some competitors, which may be a disadvantage for tech-savvy customers.
• Coverage Complexity: Comprehensive coverage options for the Smart Fortwo Electric Drive can be complex to navigate, requiring careful consideration and understanding.

#9 – The Hartford: Best for Roadside Assistance

Pros

• Roadside Assistance: Offers optional roadside assistance coverage for the Smart Fortwo Electric Drive, which can be particularly beneficial for electric vehicle owners.
• AARP Discounts: Offers special discounts for AARP members, including those with electric vehicles like the Smart Fortwo Electric Drive, providing significant savings.
• Lifetime Renewability: Provides a lifetime renewability option for AARP members owning the Smart Fortwo Electric Drive, ensuring long-term coverage.

Cons

• Higher Premiums: Premiums for the Smart Fortwo Electric Drive can be higher than average, particularly without applicable discount, as noted in the The Hartford insurance review & ratings.
• Age Restriction: Some benefits and discounts for the Smart Fortwo Electric Drive are limited to AARP members, typically 50 years and older.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

#10 – Liberty Mutual: Best for Customizable Coverage

Pros

• Customizable Coverage: Offers extensive coverage options tailored to the unique needs of electric vehicles, including the Smart Fortwo Electric Drive.
• Discounts: Provides discounts for safety features, electric vehicles like the Smart Fortwo Electric Drive, multi-policy bundling, and safe driving, as detailed in the Liberty Mutual Review & Ratings.
• Accident Forgiveness: Offers accident forgiveness options for the Smart Fortwo Electric Drive, preventing rates from increasing after the first at-fault accident.

Cons

• Variable Customer Service: Customer service experiences for the Smart Fortwo Electric Drive can vary by region, with some policyholders reporting dissatisfaction.
• Rate Increases: Rates for the Smart Fortwo Electric Drive may increase after the first policy term, especially if there are changes in driving behavior or claims history.

Factors Affecting Smart Fortwo Electric Drive Insurance Rates

When determining insurance rates for a smart fortwo electric drive car, insurance providers take into account several key factors. One such factor is the make and model of the vehicle. As an electric vehicle, the smart fortwo electric drive is unique in terms of design and technology. Therefore, insurance companies may consider the replacement cost of its specialized parts and systems when calculating insurance premiums.

Another factor that influences insurance rates is the safety record of the smart fortwo electric drive. Insurance providers generally offer lower rates to vehicles with higher safety ratings. The smart fortwo electric drive boasts advanced safety features and has performed well in crash tests, which may qualify it for lower insurance premiums.

Smart Fortwo Electric Drive Car Insurance Monthly Rates by Coverage Level & Provider

Additionally, insurance companies consider the age and driving history of the policyholder. Younger drivers or those with a history of accidents or traffic violations may face higher insurance rates. However, the smart fortwo electric drive is often driven by environmentally conscious individuals with a good driving record, which may positively influence insurance costs.

Furthermore, another factor that can affect smart fortwo electric drive car insurance rates is the location where the vehicle is primarily driven and parked. Insurance providers take into consideration the area’s crime rate, traffic congestion, and the likelihood of accidents or theft.

If the smart fortwo electric drive is primarily driven and parked in a safe and low-risk area, insurance companies may offer lower premiums due to the reduced risk of incidents.

Comparing Smart Fortwo to Other EV Insurance Rates

When comparing smart fortwo electric drive car insurance rates to other electric vehicles, it is essential to consider various factors. These include the cost of the vehicle, its safety features, performance, and popularity among thieves. However, due to its unique design and relatively low cost compared to other electric vehicles, the smart fortwo electric drive may attract lower insurance rates.

Insurance premiums for electric vehicles can also be affected by the availability of repair parts and labor costs. As the smart fortwo electric drive becomes more popular, it is likely that insurance rates will become more competitive compared to other electric vehicles. Another factor to consider when comparing smart fortwo electric drive car insurance rates to other electric vehicles is the driving range.

The driving range of an electric vehicle refers to the distance it can travel on a single charge. Insurance companies may take into account the driving range of a vehicle when determining insurance rates, as a longer driving range may indicate a lower risk of running out of battery power and being stranded on the road. Continue reading our full “Compare Car Insurance Quotes” guide for extra tips.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

The Benefits of Insuring a Smart Fortwo Electric Drive Car

Insuring a smart fortwo electric drive car offers various benefits to the policyholder. The primary advantage is the peace of mind that comes with having insurance coverage in case of accidents, theft, or damage. Read our extensive guide on “Full Coverage Car Insurance: A Complete Guide” for more knowledge.

Additionally, electric vehicles like the smart fortwo often have lower maintenance costs than traditional gasoline-powered cars, potentially resulting in reduced insurance premiums.

Furthermore, insuring an electric vehicle aligns with environmental concerns. By driving an electric car, you contribute to reducing carbon emissions, and insuring it provides an extra layer of protection for environmental conservation efforts.

Affordable Smart Fortwo Insurance Tips

Finding affordable insurance for your smart fortwo electric drive car can be achieved through several strategies. Start by researching different insurance providers that offer coverage for electric vehicles. Some companies specialize in insuring eco-friendly cars and may provide more competitive rates.

Comparing quotes from multiple insurance providers is vital to obtain the best price. Consider using online insurance comparison tools to streamline the process and quickly identify the most cost-effective options. Additionally, inquire about any discounts specifically available for electric vehicle owners as this can significantly reduce your insurance premium.

Moreover, consider opting for a higher deductible, as this can lower your monthly premium. However, be sure to assess your financial situation and ability to pay the deductible in the event of a claim before making this decision. Dive deeper into “What are some ways to lower my car insurance premiums?” with our complete resource.

Exploring Smart Fortwo Insurance Providers

Several insurance providers offer coverage specifically tailored to smart fortwo electric drive cars. It is crucial to explore these options and understand the benefits and coverage they provide. These specialized insurance providers are often familiar with the unique aspects of electric cars and can offer more comprehensive coverage at competitive rates.

When selecting an insurance provider, consider their financial stability and reputation for customer service. Reading reviews and seeking recommendations from other smart fortwo electric drive car owners can provide valuable insights into the reliability and quality of different insurance companies. For further details, check out our in-depth “Insurance Quotes Online” article.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

How to Get Insurance for a Smart Fortwo Electric Drive

The process of obtaining car insurance for a smart fortwo electric drive is similar to insuring any other vehicle. Start by gathering all the necessary information, including your personal details, driver’s license, and vehicle registration. If you already have an existing insurance policy, have the policy number ready for reference.

Contact different insurance providers either online, over the phone, or in person to request quotes for your smart fortwo electric drive car. Be prepared to provide the make, model, and year of your vehicle, as well as any additional information that may impact the insurance rate.

Once you have received multiple quotes, carefully review the coverage options, deductibles, and policy terms. Take your time to make an informed decision and choose the insurance policy that best suits your needs and budget. Discover our comprehensive guide to “How to Get Free Insurance Quotes Online” for additional insights.

Smart Fortwo Insurance Coverage Options

Insurance coverage options for smart fortwo electric drive cars are similar to those available for other vehicles. These options include liability coverage, which is typically required by law, as well as comprehensive and collision coverage. Continue reading our full “Types of Car Insurance Coverage” guide for extra tips.

Liability coverage provides protection in case you are at fault in an accident that results in property damage or injuries to other people. Comprehensive coverage covers non-collision-related damages such as theft, weather-related incidents, or vandalism. Collision coverage, on the other hand, covers damages resulting from collisions with other vehicles or objects.

Additionally, insurance providers may offer other optional coverage options, like uninsured motorist coverage, personal injury protection, or roadside assistance. Understanding these coverage options is crucial to determine the level of protection you want for your smart fortwo electric drive car and the corresponding insurance costs.

Choosing a Deductible for Smart Fortwo Insurance

When selecting a deductible for your smart fortwo electric drive car insurance, it is important to strike a balance between your monthly premium and out-of-pocket expenses in the event of a claim. The deductible is the amount you agree to pay before the insurance company covers the rest of the expenses.

If you choose a higher deductible, your monthly premium will be lower. However, be cautious not to set the deductible too high, as it may become a financial burden in case of an accident or damage to your vehicle.

Consider your budget and financial situation when choosing a deductible. Evaluate your ability to pay the deductible comfortably and choose a balance that suits your needs. Get more insights by reading our expert “What is the difference between a deductible and a premium in car insurance?” advice.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

How Location Affects Smart Fortwo Insurance Costs

The location where you drive and park your smart fortwo electric drive car can impact the cost of insurance. Generally, urban areas have higher insurance rates due to increased traffic congestion, a higher likelihood of accidents, and a greater risk of theft. For more information, explore our informative “What states require car insurance?” page.

Additionally, insurance providers take into consideration local laws, driving habits, and crime rates when calculating insurance premiums. Areas with high rates of theft or vandalism can result in higher insurance costs, as the risk to the vehicle is greater.

Conversely, living in a rural or low-crime area can potentially lower the insurance costs for your smart fortwo electric drive car. It is advisable to research and compare insurance quotes specific to your location to get an accurate estimate of the expected insurance premiums.

Driving History and Smart Fortwo Insurance Rates

Your driving history plays a significant role in determining the insurance rates for your smart fortwo electric drive car. Insurance providers assess factors such as your years of driving experience, prior accidents, traffic violations, and claims history when calculating your premium.

If you have a clean driving record with no previous accidents or violations, you are likely to receive lower insurance rates. On the other hand, a history of accidents or traffic infractions can result in higher premiums, as they indicate a higher risk of future claims.

When insuring your smart fortwo electric drive car, it is crucial to provide accurate information about your driving history. Any discrepancies or misrepresentations can lead to potential issues with your coverage later on.

Discounts for Smart Fortwo Electric Drive Insurance

Insurance providers often offer various discounts that can help reduce the cost of smart fortwo electric drive car insurance. These discounts may include multi-policy discounts, safe driver discounts, low mileage discounts, or discounts for installing safety features such as anti-theft devices or advanced driver assistance systems.

Furthermore, some insurance companies specialize in providing coverage for electric vehicles and may offer specific discounts or incentives for smart fortwo electric drive owners. It is advisable to inquire about these discounts when obtaining quotes and compare them to find the most affordable insurance options. Learn more by visiting our detailed “Lesser Known Car Insurance Discounts for” section.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

Misconceptions About Smart Fortwo Electric Drive Insurance

There are several common misconceptions about insuring a smart fortwo electric drive car that should be addressed. One misconception is that insurance rates for electric vehicles are significantly higher than those for traditional gasoline-powered cars. While electric vehicles may have a higher purchase price, their lower maintenance costs and environmental benefits can often lead to competitive insurance rates.

Another misconception is that insuring an electric vehicle is more complicated than insuring a conventional car. The process of obtaining insurance for a smart fortwo electric drive car is similar to that of any other vehicle, and many insurance providers now have specialized coverage options for electric cars.

It is important to dispel these misconceptions and understand that with proper research and comparison shopping, finding affordable insurance for your smart fortwo electric drive car is achievable. For further details, check out our in-depth “Commonly Misunderstood Insurance Concepts” article.

Maintenance Tips for Lowering Smart Fortwo Insurance Costs

Proper maintenance of your smart fortwo electric drive car is not only essential for its performance and longevity but can also impact your insurance costs. Insurance providers consider the overall condition and reliability of the vehicle when determining insurance rates. Explore our detailed analysis on “Safety Car Insurance Discounts” for additional information.

Schedule regular maintenance checks, follow the manufacturer’s recommended service intervals, and address any potential issues promptly. By ensuring your smart fortwo electric drive car is well-maintained, you reduce the risk of mechanical failures and increase its safety, which can translate into potential insurance savings.

Average Cost of Smart Fortwo Electric Drive Coverage

The average cost of comprehensive coverage for a smart fortwo electric drive car is influenced by various factors, including the make and model of the vehicle, the policyholder’s driving history, and the location where the car is driven and parked. See if you’re getting the best deal on car insurance by entering your ZIP code below.

While it is challenging to provide an exact average cost, estimates suggest that comprehensive coverage for a smart fortwo electric drive car ranges from around $45 to $100 per month, depending on the specific circumstances. Read our extensive guide on “How much is car insurance?” for more knowledge.

It is important to note that these figures are approximate, and insurance rates can vary significantly depending on individual factors. To obtain the most accurate estimate of comprehensive coverage costs for your smart fortwo electric drive car, it is recommended to request quotes from multiple insurance providers based on your unique situation.

In conclusion, the cost of smart fortwo electric drive car insurance can vary depending on several factors, including the vehicle’s make and model, the driver’s history, and the location. By understanding these factors, exploring different insurance providers, and utilizing available discounts, finding affordable insurance coverage for your smart fortwo electric drive car is possible.

Proper maintenance of the vehicle and making informed decisions, such as selecting an appropriate deductible, can further reduce insurance costs. It is advisable to thoroughly research your options, compare quotes, and consider your specific needs and budget when choosing car insurance for your smart fortwo electric drive.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption