How much is car insurance for 40-year-old drivers?
40-year-old male drivers pay $1,898 per year for coverage, while female drivers of the same age pay $1,896 per year. Location and driving record also play a major role in determining insurance rates. Younger drivers face higher car insurance costs because they lack driving experience, but rates go down as they gain driving experience and grow older.
While age plays a major role in determining car insurance rates, most states also consider gender. Men usually pay higher rates than women because statistics show they take more risks and experience more injuries.
If you live in California, Hawaii, Massachusetts, Michigan, North Carolina, or Pennsylvania, car insurance companies cannot use gender to determine rates.
| Gender | Average annual premium | Average monthly premium |
|---|---|---|
| Male | $1,898 | $158 |
| Female | $1,896 | $158 |
Average car insurance for 40-year-old drivers by company
Nationwide offers the cheapest car insurance for a 40-year-old driver at $1,548 per year. The company you choose for a 40-year-old driver affects how much you pay for car insurance.
The cheapest company for 40-year-old -
- Male drivers: Nationwide at $1,550 a year.
- Female drivers: Nationwide at $1,546 per year.
| Company | Average premium | Annual premium for male | Annual 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 compared top auto insurance companies to find the best coverage for 40-year-old drivers. Our analysis shows -
The cheapest company for 40-year-old -
- Travelers as the top choice, with average rates of $1,606 a year.
- Erie Insurance is the second-best option.
| Company name | AM Best | NAIC | Survey score | Average annual premium | Insurance.com score |
|---|---|---|---|---|---|
| Travelers | A++ | 0.52 | 4.41 | $1,606 | 4.64 |
| Erie Insurance | A+ | 0.89 | 4.47 | $1,480 | 4.62 |
| Auto-Owners | A+ | 0.54 | 4.42 | $1,554 | 4.6 |
| Nationwide | A | 0.63 | 4.52 | $1,548 | 4.54 |
| GEICO | A++ | 0.69 | 4.43 | $1,763 | 4.5 |
| State Farm | A++ | 0.79 | 4.52 | $1,984 | 4.35 |
| American Family | A | 0.34 | 3.99 | $1,698 | 4.26 |
| Progressive | A+ | 0.71 | 4.4 | $1,998 | 4.22 |
| Amica | A+ | 0.75 | 4.68 | $2,216 | 4.16 |
| Farmers | A | 0.86 | 4.41 | $2,387 | 3.81 |
| Allstate | A+ | 1.1 | 4.36 | $2,509 | 3.75 |
| USAA | A++ | 1.18 | 4.71 | $1,381 | 4.76 |
Average car insurance for 40-year-olds by state
States require different levels of car insurance, which affects the cost of coverage. As a result, 40-year-old rates can vary significantly by location.
For 40-year-old male drivers:
- Maine is the cheapest state, offering coverage at $1,195 annually.
- Louisiana is the most expensive state, where rates average $2,872 per year.
For 40-year-old female drivers:
- Maine provides the lowest average yearly premium at $1,154 yearly.
- Louisiana has the highest annual cost, averaging $2,895 a year.
Check the table below to see average car insurance rates for 40-year-olds in your state.
| State | Average annual male premium | Average 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
Car insurance rates go down as you get older and gain more driving experience. For example, a 25-year-old pays much less than a 16-year-old.
The table below lists average car insurance rates for different age groups, so you can see how rates for 40-year-olds stack up against drivers of other ages.
| Company Group | Teens (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 |
Methodology
Rates are fielded in partnership with Quadrant Information Services across all 50 states and Washington, D.C.
Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:
- Bodily injury liability of $100,000 per person and $300,000 per incident
- Property damage liability of $100,000 per incident
- Comprehensive and collision deductibles of $500
- Honda Accord LX
- Good credit
- A clean driving record
- 12-mile commute, 10,000 annual mileage
Data is further filtered to reflect:
- Specific driver age
- Rates for a driver added as a third driver on an existing policy with two parents
Learn more about our data and methodology.
Auto insurance FAQs
What car insurance discounts are there for 40-year-olds?
40-year-old drivers can get many car insurance discounts, including good driver, claims-free, paperless billing, bundling, and usage-based discounts.
Why does age affect car insurance rates?
Age is correlated with experience, as most drivers are licensed in their teens. It's also correlated with responsible behavior; older drivers tend to take fewer risks.
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