Safety-critical vehicular applications require significant computation and communication resources and have strict performance requirements. Therefore, individual bandwidth reservation schemes are used to support such processes. Such schemes allow vehicles to place a cost-efficient smart reservation request alongside providing guaranteed bandwidth resources. However, efficient reservation is difficult to achieve due to uncertainty in both; future reservation requirement (i.e., demand) and network operator (NO) bandwidth cost. In order to solve this problem, a Heuristic Greedy Update Smart Reservation algorithm (HG-USR) is proposed by formulating bandwidth reservation cost problem. The primary objective of this formulation is to minimize the total reservation cost in certain problem scenarios, such as exact-booking, under-booking, and over-booking over time as the vehicle moves through the driving path. Extensive numerical studies have been carried out with the help of our proposed model. The experimental outcomes show that vehicle can successfully minimize the total cost of bandwidth resources as compared to prediction-based bandwidth reservation cost and immediate reservation request based approaches.