Auto-Owners offers the cheapest rates for 40-year-olds at $108 monthly, followed by GEICO at $110 and Travelers at $122. GEICO delivers nationwide availability and established claims handling for just $2 more than the cheapest option. Travelers brings extensive agent support for complex situations, while State Farm offers competitive rates through local agents who provide personalized service. Progressive rounds out MoneyGeek's top five with usage-based discounts and innovative coverage options.
Cheapest Car Insurance for 40-Year-Olds
Auto-Owners and GEICO offer the cheapest car insurance for 40-year-olds, with minimum coverage starting at $69 and full coverage at $148.
Find out if you're overpaying for car insurance below.

Updated: July 9, 2025
Advertising & Editorial Disclosure
Key Takeaways
Auto-Owners and GEICO lead with the most affordable car insurance rates for 40-year-olds, with rates nearly $100 below the $246 national average.
Your location still plays a major role in insurance costs. For example, 40-year-olds in Florida pay around $475 per month for full coverage, while those in Vermont pay just $140.
Vehicle choice impacts your rates significantly. A MINI Cooper costs just $45 monthly to insure, while a Tesla Model S runs around $250, a $205 monthly difference.
Compare Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Best Cheap Car Insurance for 40-Year-Olds
Auto-Owners Insurance Co | $108 | $1,301 |
GEICO | $110 | $1,317 |
Travelers | $122 | $1,462 |
State Farm | $127 | $1,529 |
Progressive | $158 | $1,893 |
Cheapest Minimum Coverage Car Insurance for 40-Year-Olds
Auto-Owners offers the cheapest minimum coverage for 40-year-olds at $69 per month, with GEICO close behind at $70. These rates are well below average and a good fit if you want to meet legal requirements at the lowest cost.
Auto-Owners Insurance Co | $69 | $824 |
GEICO | $70 | $836 |
State Farm | $83 | $996 |
Travelers | $85 | $1,015 |
Progressive | $107 | $1,286 |
Cheapest Full Coverage Car Insurance for 40-Year-Olds
Auto-Owners delivers the best full coverage value at $148 monthly, with GEICO close behind at $150 monthly. Both offer solid protection without the premium prices of other major carriers, but only GEICO is available nationwide. For just $9 more, Travelers provides national coverage with rates as low as $159.
Auto-Owners Insurance Co | $148 | $1,779 |
GEICO | $150 | $1,799 |
Travelers | $159 | $1,909 |
State Farm | $172 | $2,063 |
Nationwide | $205 | $2,457 |
MONEYGEEK EXPERT TIP
Full coverage protects your vehicle in addition to liability, essential for newer or financed cars since lenders require it. The extra $60 to $80 monthly can save you thousands when filing a claim, and you can determine your specific coverage needs by comparing quotes and evaluating your vehicle's value.
Cheapest Car Insurance for 40-Year-Old Females
Women at 40 hit the sweet spot for car insurance rates, with Auto-Owners offering minimum coverage at just $69 monthly and GEICO close behind at $70. The competition is tight among top insurers. State Farm costs only $14 more monthly than the cheapest option, while Allstate stays under $120. Women in their 40s benefit from lower rates because they statistically file fewer claims and have cleaner driving records. The small price gaps between insurers mean you can prioritize what matters to you. Need face-to-face support? State Farm's local agents are worth the extra $14 monthly. Prefer handling everything online? GEICO saves you money while offering digital convenience.
Auto-Owners Insurance Co | $69 | $824 |
GEICO | $70 | $836 |
State Farm | $83 | $996 |
Progressive | $107 | $1,286 |
Nationwide | $110 | $1,317 |
Allstate | $119 | $1,433 |
Cheapest Car Insurance for 40-Year-Old Males
Male drivers at 40 face higher rates than women, but GEICO ($129 monthly) and Auto-Owners ($131 monthly) offer competitive rates with only $2 between them. Other insurers cost much more. State Farm runs $39 higher than GEICO, and Nationwide costs $273 monthly for the same coverage, a $144 difference.
GEICO | $129 | $1,554 |
Auto-Owners Insurance Co | $131 | $1,570 |
State Farm | $170 | $2,045 |
Progressive | $211 | $2,532 |
Allstate | $212 | $2,547 |
Nationwide | $273 | $3,281 |
Cheapest Car Insurance for 40-Year-Olds by State
Car insurance rates for 40-year-olds vary by location, with monthly costs ranging from as low as $58 to as high as $416. GEICO offers the lowest rates in most states, while Auto-Owners and regional providers deliver the best value in select markets. Here's a breakdown of the cheapest insurers for 40-year-olds across different states.
Alabama | Geico | $175 | $2,094 |
Alaska | Geico | $147 | $1,760 |
Arizona | Geico | $232 | $2,789 |
Arkansas | Geico | $203 | $2,440 |
California | Geico | $162 | $1,944 |
Colorado | Geico | $197 | $2,364 |
Connecticut | Geico | $220 | $2,640 |
Delaware | Geico | $252 | $3,025 |
District of Columbia | Geico | $249 | $2,988 |
Florida | State Farm | $301 | $3,609 |
Georgia | Geico | $227 | $2,729 |
Hawaii | Geico | $58 | $694 |
Idaho | State Farm | $93 | $1,117 |
Illinois | Geico | $174 | $2,088 |
Indiana | Geico | $130 | $1,559 |
Iowa | Progressive | $127 | $1,529 |
Kansas | Geico | $167 | $1,999 |
Kentucky | State Farm | $212 | $2,545 |
Louisiana | Geico | $334 | $4,012 |
Maine | Geico | $110 | $1,314 |
Maryland | Geico | $245 | $2,942 |
Massachusetts | Geico | $177 | $2,121 |
Michigan | Geico | $163 | $1,952 |
Minnesota | State Farm | $184 | $2,209 |
Mississippi | Allstate | $237 | $2,845 |
Missouri | Geico | $195 | $2,337 |
Montana | State Farm | $108 | $1,301 |
Nebraska | Geico | $130 | $1,566 |
Nevada | Geico | $416 | $4,996 |
New Hampshire | Geico | $126 | $1,511 |
New Jersey | Geico | $200 | $2,400 |
New Mexico | Geico | $150 | $1,796 |
New York | Progressive | $203 | $2,437 |
North Carolina | Progressive | $58 | $696 |
North Dakota | Geico | $102 | $1,225 |
Ohio | Geico | $126 | $1,512 |
Oklahoma | Progressive | $194 | $2,323 |
Oregon | Progressive | $195 | $2,336 |
Pennsylvania | State Farm | $280 | $3,357 |
Rhode Island | State Farm | $172 | $2,059 |
South Carolina | Geico | $222 | $2,669 |
South Dakota | Progressive | $85 | $1,023 |
Tennessee | Progressive | $180 | $2,160 |
Texas | State Farm | $190 | $2,280 |
Utah | Geico | $200 | $2,399 |
Vermont | State Farm | $85 | $1,021 |
Virginia | Geico | $173 | $2,074 |
Washington | State Farm | $216 | $2,592 |
West Virginia | State Farm | $190 | $2,286 |
Wisconsin | Geico | $122 | $1,463 |
Wyoming | Geico | $101 | $1,208 |
Cheapest Cars to Insure for 40-Year-Olds
Your vehicle choice can save you hundreds annually. A MINI Cooper costs just $45 monthly, while luxury sports cars can run over $200 monthly. The cheapest options mix practical family vehicles with affordable performance cars, showing you don't need to sacrifice style for low insurance rates.
MINI Cooper | $45 | $538 |
Subaru Outback | $46 | $555 |
MINI Electric | $47 | $559 |
Subaru Forester | $47 | $567 |
Nissan 370Z | $49 | $590 |
Ford Mustang | $49 | $590 |
Volvo XC40 | $49 | $591 |
Ford Mustang Mach E | $49 | $592 |
Honda Odyssey | $49 | $592 |
BMW 1 Series | $49 | $593 |
Average Cost of Car Insurance for 40-Year-Olds
At 40, drivers generally enjoy lower car insurance rates than in their younger years. However, costs still vary based on where you live, what car you drive and whether you have a family policy or individual coverage. Most drivers in this age group pay between $69 and $475 monthly for full coverage.
Alabama | $197 | $2,361 |
Alaska | $184 | $2,202 |
Arizona | $292 | $3,504 |
Arkansas | $207 | $2,490 |
California | $229 | $2,752 |
Colorado | $279 | $3,349 |
Connecticut | $390 | $4,681 |
Delaware | $392 | $4,708 |
District of Columbia | $245 | $2,946 |
Florida | $475 | $5,704 |
Georgia | $357 | $4,286 |
Hawaii | $69 | $831 |
Idaho | $138 | $1,658 |
Illinois | $231 | $2,778 |
Indiana | $160 | $1,923 |
Iowa | $149 | $1,793 |
Kansas | $205 | $2,461 |
Kentucky | $278 | $3,331 |
Louisiana | $465 | $5,585 |
Maine | $145 | $1,743 |
Maryland | $383 | $4,592 |
Massachusetts | $240 | $2,883 |
Michigan | $302 | $3,624 |
Minnesota | $219 | $2,633 |
Mississippi | $214 | $2,565 |
Missouri | $292 | $3,500 |
Montana | $197 | $2,363 |
Nebraska | $210 | $2,519 |
Nevada | $420 | $5,043 |
New Hampshire | $190 | $2,285 |
New Jersey | $413 | $4,959 |
New Mexico | $200 | $2,399 |
New York | $334 | $4,004 |
North Carolina | $132 | $1,590 |
North Dakota | $141 | $1,692 |
Ohio | $174 | $2,087 |
Oklahoma | $234 | $2,804 |
Oregon | $251 | $3,010 |
Pennsylvania | $312 | $3,746 |
Rhode Island | $327 | $3,924 |
South Carolina | $263 | $3,150 |
South Dakota | $170 | $2,037 |
Tennessee | $185 | $2,217 |
Texas | $307 | $3,685 |
Utah | $269 | $3,230 |
Vermont | $140 | $1,675 |
Virginia | $216 | $2,591 |
Washington | $245 | $2,935 |
West Virginia | $190 | $2,278 |
Wisconsin | $184 | $2,211 |
Wyoming | $105 | $1,255 |
How 40-Year-Olds Can Save Money on Car Insurance
Even in your 40s, when rates tend to stabilize, there are still smart ways to lower your premium. The steps below can help you cut costs without sacrificing protection, from bundling policies to fine-tuning your coverage.
- 1
Bundle Your Policies
Combining home and auto insurance typically saves you 10% to 25%. For a 40-year-old paying $150 monthly, that's $15 to $38 back in your pocket each month. Plus, you'll only deal with one company for claims and billing.
- 2
Adjust Your Coverage and Deductibles
Review your policy annually. If your car is older and paid off, dropping comprehensive coverage might make sense. Raising your deductible from $500 to $1,000 can lower your monthly bill by $10 to $20, just make sure you can afford the higher out-of-pocket cost.
- 3
Improve Your Credit Score
In most states, your credit score directly impacts your rates. Drivers with excellent credit pay 20% to 40% less than those with poor credit. If your score has improved since you last shopped for insurance, you could see immediate savings.
- 4
Take a Defensive Driving Course
Many insurers offer 5% to 15% discounts for completing an approved course. These online programs usually cost $20 to $50 and can be finished in a few hours. The discount often lasts for three years, easily paying for itself.
- 5
Shop Around Regularly
Rates can change even if your driving record doesn’t. Shopping around every six to 12 months helps ensure you’re not leaving money on the table. Insurers adjust pricing constantly, and the company that was cheapest last year might not be today. Spending 30 minutes comparing quotes could save you hundreds annually.
Best Car Insurance Discounts for 40-Year-Olds
Even if you already have a competitive rate, car insurance discounts can help you save even more. Many insurers offer savings tailored to drivers in their 40s, and stacking these discounts can lead to significant reductions in your premium.
Home and Auto Bundle
Bundling your home and auto insurance with the same company is one of the biggest discounts available. Insurers reward policyholders who bring them more business, often slashing auto premiums by 10% to 25%. It also streamlines your coverage under one provider, making billing and claims easier to manage. Just make sure the bundled rate is actually cheaper than buying separately.
Good Student Discount
If you're a 40-year-old parent insuring a teen or college-aged driver, a good student discount can help offset the added cost. Most insurers offer lower rates for students under 25 who maintain a B average or higher. You’ll usually need to provide recent transcripts or report cards.
Defensive Driver Discount
Completing a defensive driving course can earn you a discount, even if you have a clean record. These courses help reinforce safe driving habits and are often available online. Insurers see certified drivers as lower-risk, which translates into lower rates.
Umbrella Policy
Adding an umbrella policy can unlock multi-policy discounts, and it may also reduce your auto insurance premium. Umbrella coverage provides extra liability protection across your home, auto and other policies. It’s a smart move if you have substantial assets and want to shield them from lawsuits.
Clean Driving Discount
The fewer violations and accidents you have, the better your rate. Many insurers offer additional discounts for maintaining a clean record over time. After three to five years without incidents, you could see a sizable drop in your premium. Some companies even apply this discount automatically at renewal. It’s one of the best long-term ways to keep your costs low.
Compare Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Cheap Car Insurance for 40-Year-Olds: Bottom Line
Car insurance for 40-year-olds offers some of the best value in the market. Auto-Owners and GEICO consistently deliver competitive rates, but shopping around remains crucial since rates vary by state and insurer.
Focus on bundling policies, maintaining good credit and choosing a vehicle that's cheap to insure. Combined with regular rate shopping, these strategies can keep your premiums low while ensuring adequate protection.
Car Insurance for 40-Year-Olds: FAQ
If you're in your 40s and shopping for car insurance, you might still have a few questions about costs, coverage and discounts. Below, we answer some of the most common questions 40-year-old drivers ask when looking for affordable car insurance.
Does car insurance go down at age 40?
Yes, car insurance often gets cheaper at 40. Most drivers in this age group are considered lower risk due to their driving experience and more stable lifestyles. Rates tend to level off or slightly decrease compared to rates in your 20s and 30s — especially if you have a clean record and good credit.
How much is car insurance for a 40-year-old man?
For a 40-year-old man with a clean record, minimum coverage averages $129 to $131 monthly with top insurers, while full coverage costs $148 to $150. Your actual rate depends on your state, credit score and vehicle. The good news? Male drivers at 40 pay much less than they did at 25.
Who typically has the cheapest car insurance?
Auto-Owners and GEICO frequently offer the lowest rates across many states for 40-year-olds. However, regional providers can also be competitive, depending on where you live. Don't overlook local insurers. They sometimes beat national companies on price while offering personalized service.
What's the difference between minimum and full coverage for 40-year-olds?
Minimum coverage only pays for damage you cause to others, while full coverage also protects your vehicle. For 40-year-olds, minimum coverage averages $69 to $83 monthly, while full coverage runs $148 to $159. Full coverage is usually worth the extra cost if your car is worth more than $5,000.
How much is car insurance for a 40-year-old female?
Car insurance for 40-year-old women averages $69 to $83 monthly for minimum coverage with top insurers like Auto-Owners and GEICO. Full coverage typically runs $148 to $159 monthly. Women at 40 benefit from lower rates than men due to fewer accidents and violations statistically. Your actual cost depends on your state, driving record, credit score and vehicle type. States like Hawaii offer rates as low as $69 monthly, while high-cost areas like Florida can reach $475 for full coverage.
Best Car Insurance for 40-Year-Olds: Our Rating Methodology
We calculated 40-year-old insurance costs using data from Quadrant Information Services. Rates are based on the following driver profile:
- 40-year-old
- Good credit
- No driving violations
- 12,000 miles driven annually
Coverages used for minimum coverage are based on state requirements. Full coverage includes a 100/300/100 liability insurance split and comprehensive and collision coverage with a $1,000 deductible.
How We Chose the Best and Cheapest Car Insurance for 40-Year-Olds
To calculate the best car insurance for 40-year-olds, MoneyGeek used a comprehensive scoring system based on five key factors:
- Customer satisfaction (35%): Measured using J.D. Power's study and the National Association of Insurance Commissioners (NAIC) complaint index
- Affordability (30%): Assessed by comparing rates from Quadrant Information Services
- Claims (20%): Evaluated through the J.D. Power Claims Study and CRASH Report Card
- Coverage (10%): Focused on roadside assistance, rental car reimbursement, OEM coverage and gap insurance
- Stability (5%): Determined by AM Best ratings on financial health
Data Sources
- AM Best: Financial strength ratings for insurers
- J.D. Power: Industry research and analytics
- NAIC: Consumer complaint and insurance data
- Quadrant Information Services: Car insurance pricing and comparative data
Analysis
MoneyGeek reviewed 80,676 quotes from seven companies using a standard driver profile (male, 40 years old, single, clean record) while adjusting for age, location and driving history.
Coverage Levels and Deductibles
- Minimum coverage: Covers damage to other's property
- Full coverage: Includes comprehensive (e.g., fire, weather) and collision (e.g., accidents) insurance
- Deductibles: Out-of-pocket costs before insurance payment starts
The term 100/300/100 means:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability
Car Insurance for 40-Year-Olds: Related Articles
About Mark Fitzpatrick

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.