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The best car insurance for 40-year-olds

Car insurance is a legal requirement in almost every state, regardless of your age and how frequently you drive. If you’re about to turn 40 or recently celebrated your 40th birthday, it’s a good time to review your car insurance policies and reassess your needs. Plus, some 40-year-old drivers might be able to get a lower car insurance rate by getting new quotes.

The average car insurance premium for someone in their 40s is around $1,250 per year.

If you’re in the market for good car insurance for 40-year-olds, here are a few things you should know, including what types of coverage you might need, how much you can expect to spend, and how you can potentially get a cheaper premium.

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Why you can trust Rate Retriever

Our rates are based on public rate filings obtained by analytics company First Interpreter. While we may partner with some of the carriers you see on our site, we maintain editorial independence and it does not affect the rates you see. Read more about our rating methodology or see our rigorous editorial policy. 

Written by Alyssa DiCrasto

Reviewed by Rob Deming

Last updated: January 25th, 2024

How much is car insurance for 40-year-olds?

The average car insurance premium for someone in their 40s is around $1,250 per year. This rate is for a full coverage policy for a single male with a clean driving record and a 2022 RAV4. Below you can see the average rate in your state.

Annual rates for a male driving a 2022 RAV4, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of July 2023. 

It’s important to remember that the price you will pay depends on a variety of personal factors. In addition to age, car insurance rates may be impacted by your location, credit score, gender, marital status, driving record, and claim history. In addition, your insurance company, the car you drive, and your chosen policy limits will also impact your premium.  

Because the price of car insurance for 40-year-olds can vary, it’s important to get a few car insurance quotes from multiple insurers before buying a policy. That’s one of the best ways to make sure you’re getting the cheapest rate for the type and amount of coverage you want.  

What are the best car insurance companies for 40-year-olds?

The best car insurance company for you may be different than the best company for your neighbor or friend. If you’re looking for a place to start your search, Nationwide, State Farm, Progressive, Geico, and Auto-Owners Insurance are popular companies that offer coverage in a large portion of the US.

A 45-year-old male driving a 2022 RAV4 can expect to pay around the rates below at each company.

Company Average Annual Premium
USAA 1,213
Nationwide 1,299
Progressive 1,311
Geico 1,366
Auto-Owners Insurance 1,437
State Farm 1,576
Travelers 1,607
Allstate 1,902
Farmers 1,987

Annual rates for a male driving a 2022 RAV4, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of July 2023. 

Your rates will be different depending on where you live, your driving record and credit score, and the vehicle you drive.  

It’s also a good idea to compare rates from local companies as well that aren’t included in the above rates.

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What are the types of car insurance for 40-year-olds drivers?

Car insurance is not a one-size-fits-all product. Insurance companies sell dozens of car insurance policies, some required (depending on where you live), some optional. 

In most states, vehicle owners are required to carry personal liability insurance, which covers bodily injury and property damage. If you cause an accident, this policy compensates the other driver for their losses, including medical bills if they get injured and their vehicle’s repairs. Each state requires a minimum amount of liability insurance, with a per-person and per-accident policy limit.  

In no-fault states, drivers are typically required to carry personal injury protection (PIP). If you live in a no-fault state and you get into an accident, your PIP policy covers your medical bills if you get injured, regardless of which driver caused the accident. PIP also covers your passengers if they get hurt in a crash. 

In addition to the required policies, there are a variety of optional car insurance coverages that 40-year-old drivers can benefit from. These add-ons will provide higher levels of protection, typically for a higher premium. Some of these add-ons include: 

Collision Insurance

When you cause an accident, collision insurance pays for your vehicle’s repairs, minus a deductible. Collision insurance reimburses you based on the actual cash value (ACV) of your vehicle, which accounts for depreciation.

Comprehensive insurance

Comprehensive insurance is often called “other than collision” insurance. It pays for your vehicle’s repairs after a non-accident event, like theft, vandalism, fire, flood, hail damage, or falling objects. Like collision insurance, comprehensive coverage covers your vehicle based on its ACV. 

Gap insurance

If you lease or finance your vehicle, having gap insurance can be beneficial. If your car is totaled, gap insurance covers the difference between your car’s value and what you still owe. 

Accident forgiveness

Accident forgiveness waives your first at-fault accident, so it won’t impact your premium. This policy may only apply to minor accidents where the total losses are under a specific amount. In addition, some insurers will only offer accident forgiveness if you have a clean claim history. 

Roadside assistance

This endorsement covers certain roadside repairs, like fuel delivery, battery replacement, flat tire repairs, and towing if your car breaks down.  

How can 40-year-olds save money on car insurance?

There are plenty of ways to find affordable car insurance for 40-year-olds. Here are some ways to save money on your policy: 

Drop coverages you don’t need: 

If you think you’re paying too much for car insurance, consider dropping policies you no longer need. For example, if your car is only worth $1,000, it might not make sense to keep collision or comprehensive insurance. 

Find discounts

Most insurance companies provide discounts to help drivers lower their rates. You can often find discounts for bundling an auto and home insurance policy, insuring multiple vehicles, taking a defensive driver course, having certain safety features in your vehicle, having a clean driving record, and driving infrequently.  

Improve your credit score

In most states, insurers check your credit score when calculating your rate. Drivers with good credit get rewarded with a lower premium because they’re viewed as less risky. Improving your credit score can help you save money on your monthly car insurance premium. 

Raise your deductibles

For policies with a deductible, like collision and comprehensive insurance, your premium is affected by the deductible you choose. If you want to save money on your monthly premium, selecting a higher deductible will lower your rate. However, you should only raise your deductible to an amount that you can comfortably pay out-of-pocket should you need to make a claim. 

Cheap car insurance for 40-year-olds

Why shop for car insurance once you turn 40?

After you turn 40, you should consider shopping around for new car insurance policies. Common reasons you may want to switch car insurance include: 

  • Your car insurance needs changed 
  • You want to add or drop coverages 
  • You want to see if you are newly eligible for certain discounts – some insurance companies will automatically provide a discount for switching from a competitor 

If you’re unhappy with your current car insurance company, you can also think about switching providers. For example, if there are certain endorsements that your current insurer doesn’t offer, you might find a provider that has a better selection of additional  policies. If you’re hoping to get more personalized customer service, you can think about switching to a smaller, local carrier. 

Finding the right insurance company can be challenging, as there are hundreds of companies on the market. Before you start shopping for new policies on your own, take our short survey to find the best insurance carrier for your needs. 

Methodology

Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive.  

For the data on this page, we made the following assumptions: a single male with a clean driving record and Good credit score, driving a 2022 RAV4. We adjusted this profile by age to determine the rates you see on this page. 

These rates are not actual quotes and should be used only for comparative purposes. Your rates can vary significantly based on your unique driver profile. 

About Rate Retriever

At Rate Retriever, our mission is to make the way you shop for insurance transparent and fair through user-friendly tools that respect your privacy and deliver reliable, comprehensive results 

So we took everything we hated about comparing insurance quotes online – the spam, the long questionnaires, the limited choices, the inaccuracy of quote prices – and threw it out the window, favoring a short form that more accurately estimates what you’ll pay at each of the top insurance providers near you. 

Rate Retriever is an independent company that is not owned by an insurance provider, nor do we provide insurance ourselves. This independence allows us to be your free and impartial insurance research tool, helping you make the best decisions for your insurance needs.  

We may earn a commission when you click one of the links or call one of the providers listed on our site; however, we do not allow our partnerships to influence which information we provide.