Vibration energy harvesting is receiving significant interest due to the possibility of using extra power in various machines and constructions. This paper presents an energy-harvesting system that has a structure similar to that of a linear generator but uses permanent magnets and magnetorheological fluid insets. The application of a standard vehicle example with low frequencies and amplitudes of the excitations was used for the optimization and experimental runs. The optimization for low excitation amplitudes shows that the best magnetic field change along the slider is obtained using differentially orientated radial magnets of 5 mm in width. This configuration was used for the experimental research, resulting in 1.2–3.28 W of power generated in the coils. The power conditioning system in the experimental research was replaced by loading resistors. Nevertheless, the initial idea of energy harvesting and a damping effect was confirmed by the circuit voltage output.