Insurance Analysis of the 2013 Smart Fortwo

The 2013 Smart Fortwo is the tiny car with tiny insurance premium.

One of the tiny cars from the car company Smart.

The 2013 Smart Fortwo is the smallest car on the market today and the cost of the vehicle definitely reflects this. In addition to its low price, the2013 Fortwo’s safety ratings make this an economical car to both drive and insure.

Safety Ratings of the 2013 Smart Fortwo

The 2013 Smart Fortwo earned pretty decent safety ratings from the Insurance Institute for Highway Safety. It is not a “Top Safety Pick” because it did not earn a “good” rating on all of the safety tests. It was not a “Top Safety Pick +” because of the lack of consistent “good” ratings on the basic tests, and the vehicle was not put through the small side front impact test.

However, even without the distinction of being one of these “Top Safety Picks” the vehicle did pass the safety tests where it mattered. In the front crash test, side impact test, and rollover test the 2013 Smart Fortwo did earn a “good” rating. Where the vehicle failed was in the rear impact test. The 2013 Fortwo may not have earned a “good” rating, but it was still rated as “acceptable”.

2013 Smart Fortwo Recalls

As of this date there has been no recalls for the 2013 Smart Fortwo.

Insurance Thoughts on the 2013 Smart Fortwo

The 2013 Smart Fortwo is going to have an insurance premium that will make drivers rather happy. It is not as safe as the Fiat 500, so the insurance premium on the medical payments or PIP coverage may be higher on the Fortwo than the 500.

The liability premium however, is going to be one of the lowest in the industry. Even if the Fortwo were to hit anything it wouldn’t cause very much damage, so insurance companies are not going to end up paying out much for liability claims from a 2013 Smart Fortwo. The Fortwo is also so small that drivers have few blind spots and have better control of the vehicle compared to other larger vehicles where they have a higher chance of hitting something they can’t see.

With the starting price of the Fortwo at $ 12,490 and only going up to $17,890, the comprehensive and collision coverages aren’t going to be very expensive either. If the vehicle is ever damaged and needs new parts, with low prices like these the parts are not going to cost the insurance company much. Besides, if this tiny car is ever damaged, most likely it will be a total loss and again the cost of the car will keep the amount that the insurance company ends up paying out for the 2013 Smart Fortwo much lower than any other new vehicles on the market today.