How much is car insurance for 40-year-old drivers?

Younger drivers pay more for car insurance due to a lack of experience behind the wheel, and then rates go down with age and experience. On average, female 40-year-olds pay $1,896 a year for coverage. Male 40-year-olds pay an average of $1,898. However, factors such as location, driving record, and gender also significantly impact rates.

While age is a significant factor in determining car insurance rates, gender is also considered in most states. Males typically face higher insurance rates than females, largely due to a statistically proven tendency to take more risks and sustain more injuries.

If you live in California, Hawaii, Massachusetts, Michigan, North Carolina, or Pennsylvania, car insurance companies can't use gender to determine rates.

GenderAverage annual premiumAverage monthly premium
Male$1,898$158
Female$1,896$158

Average car insurance for 40-year-old drivers by company

Nationwide has the cheapest rates for 40-year-olds at an average of $1,548 a year, and Travelers is second at $1,606 a year.

While one insurance company may consider age the determining rate factor, another may consider driving records more critical. By comparing coverage and rates from multiple companies, you can find the best deal for 40-year-olds, helping to reduce your insurance costs.

The table below compares average car insurance rates for 40-year-olds by company.

CompanyAverage premiumAnnual premium for maleAnnual premium for female
Nationwide$1,548$1,550$1,546
Travelers$1,606$1,626$1,587
GEICO$1,763$1,773$1,753
Progressive$1,998$1,976$2,020
State Farm$1,984$1,983$1,984
Farmers$2,387$2,369$2,404
Allstate$2,509$2,504$2,515
USAA$1,381$1,393$1,369

Best car insurance for 40-year-old driver

We've compared top insurance companies to see which offers the best coverage for 40-year-old drivers. Our analysis shows that Travelers is the top pick overall with average rates of $1,606. Erie Insurance is our second pick.

Company nameAM BestNAICSurvey scoreAverage annual premiumInsurance.com score
TravelersA++0.524.41$1,6064.64
Erie InsuranceA+0.894.47$1,4804.62
Auto-OwnersA+0.544.42$1,5544.6
NationwideA0.634.52$1,5484.54
GEICOA++0.694.43$1,7634.5
State FarmA++0.794.52$1,9844.35
American FamilyA0.343.99$1,6984.26
ProgressiveA+0.714.4$1,9984.22
AmicaA+0.754.68$2,2164.16
FarmersA0.864.41$2,3873.81
AllstateA+1.14.36$2,5093.75
USAAA++1.184.71$1,3814.76

Average car insurance for 40-year-olds by state

States require different amounts of car insurance, which influences the cost of coverage. Because of this, 40-year-old rates can vary widely by location. Maine is the cheapest state of for male drivers at $1,195 a year. The most expensive state is Louisiana at $2,872 a year.

For female 40-year-old drivers Maine is the cheapest state at an average rate of $1,154 annually. Louisiana is the most expensive for females at $2,895 a year.

Check out the table below to see average car insurance rates for 40-year-olds in your state.

StateAverage annual male premiumAverage annual female premium
Alaska$1,692$1,661
Alabama$1,842$1,877
Arkansas$1,931$1,982
Arizona$1,807$1,817
California$2,416$2,416
Colorado$2,350$2,325
Connecticut$1,734$1,717
Washington, D.C.$2,168$2,146
Delaware$2,062$2,065
Florida$2,669$2,720
Georgia$1,965$1,974
Hawaii$1,517$1,517
Iowa$1,626$1,635
Idaho$1,444$1,412
Illinois$1,534$1,530
Indiana$1,511$1,519
Kansas$1,903$1,897
Kentucky$2,246$2,210
Louisiana$2,872$2,895
Massachusetts$1,726$1,726
Maryland$1,755$1,736
Maine$1,195$1,154
Michigan$2,352$2,352
Minnesota$1,936$1,886
Missouri$1,999$1,964
Mississippi$2,021$1,996
Montana$2,182$2,204
North Carolina$1,742$1,741
North Dakota$1,681$1,648
Nebraska$1,917$1,888
New Hampshire$1,275$1,256
New Jersey$1,912$1,892
New Mexico$2,028$2,069
Nevada$2,026$2,095
New York$1,862$1,878
Ohio$1,414$1,421
Oklahoma$2,124$2,152
Oregon$1,640$1,715
Pennsylvania$1,871$1,872
Rhode Island$2,072$2,050
South Carolina$2,028$1,991
South Dakota$2,306$2,255
Tennessee$1,674$1,679
Texas$2,062$2,024
Utah$1,782$1,868
Virginia$1,457$1,481
Vermont$1,345$1,293
Washington$1,580$1,637
Wisconsin$1,653$1,675
West Virginia$2,010$2,000
Wyoming$1,806$1,709

Average car insurance cost vs. teens

As you age and gain more driving experience, car insurance rates decrease. For example, rates for a 25-year-old are significantly cheaper than at 16 years old.

The table below shows average car insurance rates for various age groups, so you can see how rates for 40-year-olds compare to drivers at other ages.

Company GroupTeens (16-19)Young Adults (20-24)Adults (25-60)Seniors (65-75)
Allstate$7,437$3,754$2,509$2,477
Farmers$8,348$3,602$2,336$2,290
GEICO$5,049$2,647$1,776$1,787
Nationwide$5,285$2,556$1,533$1,456
Progressive$7,174$3,242$2,009$2,000
State Farm$5,368$3,179$1,985$1,858
Travelers$4,834$2,476$1,615$1,590
USAA$4,385$2,159$1,406$1,400