The 14 Cars With the Lowest Insurance Rates

Photo by Daniel Böswald

11. Smart Fortwo

The insurance payments for a Smart car are almost as low as the vehicle itself. However, these low premiums are not due to safety or low repair cost. Rather, the low insurance cost is due to one very important factor: mileage. Because these cars are a bit small for a long road trip or even a commute, they tend to be driven only for short distances. This means a lower risk of accidents.

In addition, Smart cars are incredibly inexpensive to replace, which means that major accidents will still come with a low price tag for insurance companies. Another bonus for insurance companies is that the people who buy Smart cars tend to be low accident risks. While the Smart car is too tiny to get an incredibly high safety rating, it nonetheless is a relatively safe car when you consider its size and how it is typically used.