Technology has been growing rapidly in every space for decades now. People are eager to buy 4K TVs, brand new iPads, and even advanced vacuum cleaners so they don’t fall behind the modern times we are living in.
This has led to the increased popularity of smart cars. These high-tech vehicles are filled with gadgets and accessories that will keep you up with the Joneses, along with making the driving experience a whole lot easier and more enjoyable.
That doesn’t mean buying one should be void of questions beforehand. Some important ones to ask include, are smart cars cheap to insure? How do the policy rates compare to other typical vehicles that people drive?
We’ll examine the pros and cons of buying a smart car from how it drives, to how to maintain it, and whether it is worth the financial burden.
Insurance for Smart Cars
Many smart cars are smaller and more compact than their non-smart counterparts, but bigger cars have expanded into the realm of technology, too. Even trucks from General Motors are trying to get in on the smart technology market.
This means that the price of the cars is surprisingly more affordable than most people think as it becomes more normal to include options on the cars and trucks. Yes, the number of amenities on the vehicle will affect this, but you should be pleased to hear that many smart cars are more reasonably insured than typical cars.
The insurance price also depends on whether you have bought a gas or an electric-powered smart car. Electric ones are more expensive because of the battery and the necessity of charging it over and over again to drive.
Many people who drive smart cars are stereotyped as being conscious and careful drivers, therefore their insurance prices are lower than other car owners. Taking all of this into account, if you buy a gas-powered smart car, you may be getting some of the best insurance on the entire road.
Smart cars are also becoming equipped with safety and security features that insurance companies are starting to acknowledge as very valuable. Smart technology is helping drivers develop safer habits, which can help prevent accidents.
Drawbacks to Smart Cars
One of the main drawbacks to advancing technology is the number of hackers and types of malware software that constantly steal information from users.
Figure out how to protect your smart car the same ways you would other smart device technology. Always change your passwords and update the software in your vehicle so that criminals can’t take control of the car. Some hackers are able to steal your car or valuables by the key to the vehicle on your smartphone.
Luckily, reports show that most smart cars are not the target of thieves because of their petite size and shape. Still, it’s always good to leave your guard up in case of emergencies.
Who would need a smart car?
If you are someone who needs to have the best in-home technology, you’re probably also needing the same frills in your motor vehicle. Having a smart car will make sure that you never have to go without the modern thrills of self-driving, parking assists, advanced GPS, car security systems, and more.
Many smart cars are compact, so they normally are easy to find space in the garage or parking lot. They are usually quite fuel efficient, and some are under $15,000 if you buy a bare-bones model without many of the extra features that so many people of luxurious lifestyles desire.
Shawn Laib writes and researches for the car insurance comparison site, CarInsurance101.com. He enjoys helping new vehicle owners and their families decide on the best car for their needs, both financially and personally.