The Smart #5 is the largest Smart, an electric SUV made in China. Both of its versions have powerful motors, and that shows up in road tax. This page goes through list price, COE, road tax and insurance.
The insurance figures are examples for one stated driver, as of 1 November 2026. They are a guide to the spread, not your quote.
Versions as listed
The new-car list read on 2026-10-10 shows two versions, both SUVs:
- Pro 76 kWh: 335bhp (250kW), listed at S$234,000
- Premium 100 kWh: 358bhp (267kW), listed at S$274,000
Both prices are as listed on 2026-10-10 and included COE that day. They will likely have moved since, so ask for current figures.
Our quote form carries the same two. The insurance prices here are for the Premium 100 kWh, the version most of our insurers quote.
Road tax is a big line
Road tax for an electric car follows its motor power. Both Smart #5 motors are strong, so the figures are high. LTA's formula gives, before any surcharge:
- Pro, 335bhp (250kW): S$3,397.90 a year
- Premium, 358bhp (267kW): S$3,663.78 a year
For a car with ordinary insurance costs, road tax here can be the larger yearly bill. Once the car is over ten years old, a surcharge adds:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The road tax page shows how motor power sets the figure.
The COE rule
The price page states that a fully electric Smart #5 needs:
- Category A if its motor is 110kW (147bhp) or less: S$132,004 in the October 2026 2nd round
- Category B if it is more powerful: S$131,901 in that round
Both listed motors are far above 110kW. Check the category on your car's papers. The COE page has the latest results.
Insurance for the standard driver
The Smart #5 price page uses:
- Car: Smart #5 Premium 100 kWh, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 years
- Record: 50% NCD, no claims
- Workshop: authorised, no options
3 insurers price it online. The lowest premium is S$1,110.93 a year. The insurer whose lowest plan costs most asks at least S$1,698.26. That is S$587.33 more, or 53% on top. Prices include 9% GST.
Some insurers do not quote electric cars online. Others have no price for the Smart #5 yet. Three names is a short list for a car at this list price. The prices were read on different days, and a short list can change when one insurer updates its rates. Check the page again close to your renewal date.
What sits behind the lowest price
The lowest premium is for a plan described as collision only, with a S$1,500 excess. A plan at S$1,301.82 carries S$600. The dearest, at S$1,698.26, carries S$900 and uses any workshop. Three of the four prices are marked as estimates. Compare cover and excess together, not the premium alone.
How the lowest price changes
Change one detail and the lowest price becomes:
- No NCD (0%): S$2,338.79, up S$1,227.86
- 20% NCD: S$1,871.02, up S$760.09
- Driver aged 27, 3 years' driving, 30% NCD: S$2,469.78, up S$1,358.85
- Driver aged 65, 20 years' driving: S$1,391.23, up S$280.30
- New car this year: S$1,301.82, up S$190.89, with 2 insurers pricing
- Car 8 years old: S$1,124.95, up S$14.02
The young driver raises the lowest price by 122%. Losing NCD is almost as costly. A new car costs noticeably more to insure here than the page's three-year-old one.
These are lowest prices only.
How it sits among electric cars
Six electric cars from the price page, same driver and car age:
- BMW iX1: S$1,907.27
- BYD Sealion 7: S$1,390.72
- Tesla Model Y: S$939.71
- BYD Atto 3: S$913.63
- Tesla Model 3: S$913.62
- BYD M6: S$861.41
Their average lowest price is S$1,154.39. The Smart #5 costs 4% less than that. Four of the six are cheaper to insure on these details. The Smart car insurance page has the #1 and #3.
Points to check
- Version: the Pro 76 kWh may price differently from the Premium shown.
- Cover: check whether a plan gives full comprehensive cover.
- Workshop: one plan uses any workshop, others authorised ones.
- Battery: ask how a damaged battery is handled.
Costs that depend on you
These vary from owner to owner, so the page gives no figures for them.
- Parking: season parking at home and elsewhere.
- Charging: a larger battery takes more energy to fill. Your cost depends on your rate and mileage.
- ERP: depends on routes and time.
- Servicing and warranty: follow the maker's schedule and check the battery warranty.
- Depreciation: what you pay against what the car fetches later.
Summary of yearly costs we can show
As of 1 November 2026:
- Road tax: S$3,397.90 (Pro) or S$3,663.78 (Premium) a year before any age surcharge (checked 2026-10-19)
- Insurance, Premium, standard driver: from S$1,110.93 a year
- Insurance, no NCD: from S$2,338.79
- Insurance, a car 8 years old: from S$1,124.95
One-off, for reference: S$234,000 (Pro) and S$274,000 (Premium) as listed on 2026-10-10. COE in the October 2026 2nd round: S$132,004 for Category A, S$131,901 for Category B.
Before you buy: car insurance for the Smart #5
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Smart #5 to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.