Cheapest Car Insurance for 40-Year-Olds


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Key Takeaways

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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.

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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.

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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.

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Best Cheap Car Insurance for 40-Year-Olds

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.

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
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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.

Data filtered by:Results filtered by:
Select
Coverage Level:State Minimum Liability Only
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.

Data filtered by:Results filtered by:
Select
Coverage Level:State Minimum Liability Only
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.

AlabamaGeico$175$2,094
AlaskaGeico$147$1,760
ArizonaGeico$232$2,789
ArkansasGeico$203$2,440
CaliforniaGeico$162$1,944
ColoradoGeico$197$2,364
ConnecticutGeico$220$2,640
DelawareGeico$252$3,025
District of ColumbiaGeico$249$2,988
FloridaState Farm$301$3,609
GeorgiaGeico$227$2,729
HawaiiGeico$58$694
IdahoState Farm$93$1,117
IllinoisGeico$174$2,088
IndianaGeico$130$1,559
IowaProgressive$127$1,529
KansasGeico$167$1,999
KentuckyState Farm$212$2,545
LouisianaGeico$334$4,012
MaineGeico$110$1,314
MarylandGeico$245$2,942
MassachusettsGeico$177$2,121
MichiganGeico$163$1,952
MinnesotaState Farm$184$2,209
MississippiAllstate$237$2,845
MissouriGeico$195$2,337
MontanaState Farm$108$1,301
NebraskaGeico$130$1,566
NevadaGeico$416$4,996
New HampshireGeico$126$1,511
New JerseyGeico$200$2,400
New MexicoGeico$150$1,796
New YorkProgressive$203$2,437
North CarolinaProgressive$58$696
North DakotaGeico$102$1,225
OhioGeico$126$1,512
OklahomaProgressive$194$2,323
OregonProgressive$195$2,336
PennsylvaniaState Farm$280$3,357
Rhode IslandState Farm$172$2,059
South CarolinaGeico$222$2,669
South DakotaProgressive$85$1,023
TennesseeProgressive$180$2,160
TexasState Farm$190$2,280
UtahGeico$200$2,399
VermontState Farm$85$1,021
VirginiaGeico$173$2,074
WashingtonState Farm$216$2,592
West VirginiaState Farm$190$2,286
WisconsinGeico$122$1,463
WyomingGeico$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. 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. 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. 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. 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. 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.

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    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.

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    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.

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    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.

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    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.

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    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.

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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?

How much is car insurance for a 40-year-old man?

Who typically has the cheapest car insurance?

What's the difference between minimum and full coverage for 40-year-olds?

How much is car insurance for a 40-year-old female?

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

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


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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.


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