Smart Car Insurance Quotes
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Part 1: Smart Car Insurance For Smart People (Like You!)
Smart cars are the cars of the future, some say. The save you money left and right with prices and gas mileage. They also help save the planet with low CO2 emissions. So I just saved a boat load of money by buying a smart car, now how’s the insurance rate on these things? Well if you don’t know what a smart car is that’s ok because they haven’t exactly blown up in the United States yet.
However in Europe they are the big thing, probably one of the hottest cars in Europe. Now if you’ve never seen a smart car I’ll give a little description, perhaps you have seen these things. A smart car is a very small car that kind of looks like a mini, mini cooper. They only seat two passengers and barely have a trunk for luggage. They get terrific gas mileage and let out a minimal amount of CO2.
But why are they more popular in Europe? There are some reasons for that, reasons that unfortunately aren’t that fair, but that’s life. What I mean by that is this, in Europe a smart gets around 60 miles per gallon, that is not a mistake and yes you did read that correctly, 60 miles per gallon. Let me put that in perspective for you; let’s say that you have to drive from L.A to New York, that is a total of about 2400 miles. Fill up your smart car with 15 gallons of gas, at the price of, let’s 2.70 a gallon (about the average price) it will cost about forty dollars to fill up the car. Those 40 dollars will get you Continue Reading →
Part 2: Insuring a Smart Car is Mighty Cheap!
So we now know how these cars save on gas. So the big question here is how is it insuring a smart car? The answer is, well pretty good. Seeing as how it is hard to find a used Smart car right now that means you have to buy a new smart car. We should all know that car insurance is more expensive on newer cars than they are on older cars.
If you didn’t know that well now you do. So a 2010 hummer will cost s pretty hefty amount on insurance, so will a new Mercedes Benz, a new 2010 Ford F-1 50, not to mention that all these cars are very big gas guzzlers, so not only will you be paying a big insurance rate but you will be paying for that gas bill also. Not to mention the price for these vehicles, these are all very expensive cars to purchase, so basically it is not a cheap idea to buy one of these. Now a smart car on the other hand is only about 20,000 at the most, some of these smart cars are only about 12,500, the new models basically range from 12,00-20,000, any of which is a pretty good deal for a new car. So we know that they save good money on gas and on price, so how much does it save on insurance.
Insurance companies decipher your payments by two main things, one being your driving record and the other being the value of the car you are driving. So if you buy a 40,000 dollar car the insurance is higher because the value of the car is higher. Now a 12,500 dollar smart car is going to be hundreds cheaper than that big truck you just bought. So Insurance for a smart car might cost somewhere around 150-200 dollars, which might seem like a lot, but in reality it’s not, think about it, you just a brand new 2010 smart car with zero miles on it and (unless you crash or get a ticket) insurance rates can only go down. Therefore the Smart car is a pretty smart idea to me.
