How Much Is Car Insurance For A 39-Year-Old Driver?

In this article, we’ll look into the average costs of auto insurance for a 39-year-old driver. We’ll break down the factors that influence these costs and provide valuable insights on how you might lower them. As a former licensed property and casualty insurance agent, I have been able to help numerous people navigate the sometimes complex world of auto insurance, and I’m here to help you, too.

Bear in mind that the figures I’ll quote below are average figures, and that costs may vary based on such factors as credit score, driving history, location, gender and the insurance company.

The very noticeable difference between minimum and full coverage insurance rates serves to highlight the importance of understanding exactly what you’re paying for. Minimum coverage may seem appealing due to the lower cost, but remember that it could leave you vulnerable in some situations.

On the other hand, full coverage provides full, comprehensive protection, which includes both collision and comprehensive coverage that will protect against vandalism, theft, and damage occurring from natural disasters.

There are ways to lower your car insurance costs. For example, maintaining a good driving history and taking advantage of discounts offered by insurance companies may substantially lower your rates. Shopping around and comparing rates from multiple providers can help you get the most bang for your buck.

How Much Is Car Insurance For A 39-Year-Old – By Gender?

Having a clear understanding of the cost of car insurance is critically important for drivers. Multiple factors impact these costs, and one key determinant is gender.

Average car insurance rates tend to vary between genders due to insurance companies’ perceived risk factors of males and females. Let’s look at the costs of auto insurance for a 39 year old male and a 39 year old female driver.

How Much Is Car Insurance For A 39-Year-Old – By State?

Car insurance rates can vary greatly by state. The state where you live may affect your premium. Based on my extensive research across multiple sources, I’ve put together an in-depth comparison chart that displays the average auto insurance rates for a 39 year old by state.

• Low-Cost States: States like Maine, Idaho, and Iowa have lower cost premiums due to less population and fewer claims.
• High-Cost States: Typically, these states have the highest priced premiums for 39 year-old drivers due to natural disaster risks and higher accident rates:
  • Florida
  • Michigan
  • Louisiana

These figures are averages. Actual costs can differ depending on various factors.

How Much Is Car Insurance For A 39 Year Old – By Credit Score?

While exact auto insurance rates based on credit scores aren’t generally published by insurance providers, it’s common knowledge that credit scores do affect premiums. A low credit score may well translate to a high premium, and by the same token, a high credit score might mean a lower premium.

According to information from Forbes, average car insurance rates can go up by as much as 76% based on credit scores alone.

39 year old drivers usually have a bit of an edge in this area because they have had quite a few years to become financially stable and build a clean credit history.

Auto insurance premiums for a 39-year-old may be different due to your credit score in quite a few states, as providers often use credit scores in assessment of risk. Here is a breakdown of the average annual full coverage insurance premiums for a 39-year-old based on credit score:

By the age of 39, many or even most drivers will have built a credit record, good or bad. As evidenced by the table shown below, a good credit score can translate to a good auto insurance rate. By the same token, poor credit can mean higher car insurance costs.

A 39 year old driver will average paying around $1,100-$1,600 for annual full coverage premium. A poor credit driver, though, may pay as much as $2,000-$2,800. A very poor credit rating is even higher.

How Do Credit Scores Affect Car Insurance Rates?

• Excellent Credit: Drivers with excellent credit scores typically enjoy the lowest premiums, as insurers view them as lower risk.
• Good Credit: Slightly higher premiums than those with excellent credit but still competitive.
• Fair Credit: Rates begin to rise noticeably, as insurers start seeing these drivers as higher-risk.
• Poor and Very Poor Credit: Drivers with poor credit scores face significantly higher premiums due to the increased risk that insurers associate with financial instability.

Why Do Credit Scores Affect Insurance Rates?

• Risk Assessment: Insurance companies use credit-based insurance scores to predict how likely a driver is to file a claim. Statistics show that individuals with lower credit scores tend to file more claims, leading insurers to charge them higher premiums.
• State Regulations: Not all states allow insurers to use credit scores in setting rates. For example, states like California, Hawaii, and Massachusetts prohibit this practice.

Ways To Reduce Premiums Based On Credit Score

• Shop Around: Some car insurance companies weigh credit scores more heavily than others, so obtaining and comparing multiple quotes might help you find a lower rate.
• Take Advantage of Discounts: Safe driver discounts, bundling policies such as auto and home, and other discount options can play a big part in offsetting high rates due to a lower credit score.
• Improve Your Credit Score: Improving your credit score over time may result in lower premiums.

For a 39-year-old driver, your credit score plays a major role in your car insurance rates, and those who have excellent credit pay the lowest rates while those with poor or very poor credit pay higher rates. But, improving your credit rating and shopping around can help manage these costs.

States Where Credit Score Does Not Affect Auto Insurance Rates

Insurers are prohibited from using credit scores to determine car insurance premiums in some states. These particular states have laws that limit or prevent the use of insurance scores based on credit scores when setting rates.

States Where Credit Scores Are Not Used For Car Insurance Rates:

• Hawaii : Hawaii doesn’t allow auto insurers to use credit information when setting insurance rates.
• Massachusetts: Insurers can’t use credit scores to determine car insurance premiums in Massachusetts.
• California: California prohibits the use of car insurance premiums based on credit scores entirely when determining rates.

Cheapest Car Insurance Companies For A 39-Year-Old

When you’re searching for the lowest priced auto insurance for a 39-year-old, you’ll discover that a lot of companies are considered leaders in the industry with comprehensive coverage and rates that are priced to be competitive. It’s important to balance both cost as well as high quality coverage if you want to be fully protected on the road.

Bear in mind that your rate will be based on multiple factors, like your driving record, the type of vehicle you drive, and your credit score in most states.

USAA is the company with the lowest rates on this table for a 39-year-old driver, at $90-$140 a month for full coverage. Travelers, however, lists its rates for a 39 year old driver at a monthly rate of $115-$175 for full coverage. This is why it’s wise to compare rates from several different auto insurers.

7 Tips For Reducing Monthly Costs:

1. Bundle Policies: If you can, bundle your auto and home owners along with other insurance with one company, which will usually result in a better premium.
2. Telematics Programs: Programs like Progressive’s Snapshot and Allstate’s Drivewise will monitor your driving habits and might reward safe driving with cheaper rates.
3. Shopping Around: Car insurance rates vary between companies, so getting and comparing multiple quotes helps to find the best deal.
4. Don’t over-insure: If you have an older vehicle, especially one that is paid for, consider dropping full coverage in favor of minimum, or liability.
5. Increase Deductibles: Selecting a higher deductible does lower your premium, but it means in the event of a claim your out-of-pocket expenses will be higher.
6. Pay in Full: Budget permitting, you should pay your premium in full for at least six months or a year, as this will save you some money.
7. Avoid Small Claims: If you have a small fender bender such as backing into your garage or something along that line, it’s best not to file a claim as this may increase your premiums.

Key Factors That Influence Car Insurance Rates

• Repair Costs: Vehicles that are expensive to repair or replace will almost always result in more expensive insurance premiums.
• Theft Rates: High theft rates for a type of vehicle may raise premiums.
• Engine Size and Power: Powerful vehicles are usually more expensive to insure because of the higher risk of accidents.
• Safety Ratings: Vehicles with high safety ratings generally are less costly to insure.

The type of vehicle a 39-year-old drives may have a  significant impact on car insurance premiums. More low cost, safer vehicles have lower premiums, while sports and luxury cars may lead to significantly higher premiums. When you are looking for auto insurance, be sure to consider vehicle type along with potential insurance costs to get the best rates.

Knowledge along with a good understanding of how the type of vehicle driven affects auto insurance premiums can be helpful as you decide which type to purchase or drive.

How Much Is Car Insurance For A 39-Year-Old – By Vehicle

As the table above shows, a 39-year old driver may expect to pay anywhere from an average of about $1,200 annually for car insurance, up to as much as $2,800 a year depending on the type of vehicle being insured. .

How Much Is Car Insurance – By Age

Age plays a significant role in determining car insurance rates, with younger and older drivers typically facing higher premiums compared to those in middle age. Younger drivers, such as teenagers and individuals in their early twenties, are often charged higher rates due to their lack of driving experience and higher likelihood of being involved in accidents.

As drivers mature and gain more experience on the road, their insurance rates generally decrease. However, once drivers reach their senior years, insurance rates may begin to rise again due to factors such as decreased reaction time and increased susceptibility to certain health conditions. Insurance companies use age as a key factor in assessing risk, and while it’s not the sole determinant, it significantly influences the cost of coverage.

How To Save Money On Your Car Insurance As A 39-Year-Old

As a 39-year-old, you’ll discover that car insurance can still be quite costly. However, there are various strategies you can use to reduce your auto insurance premiums and save some money. Here are 7 effective ways to do this:

1. Take Advantage Of Multi-Car Discounts

If you drive multiple vehicles or live with someone who does, you may think about taking advantage of multi-car discounts. Numerous car insurance companies will offer discounts to policyholders who insure more than one vehicle under the same policy.

2. Maintain A Clean Driving Record

One of the best ways to lower your auto insurance rates is to maintain a good driving history. Avoid accidents, don’t get traffic citations, and refrain from using drugs or drinking and driving. Insurance companies generally offer discounts to good drivers who haven’t filed claims, as they are viewed as lower risk.

3. Shop Around For The Best Rates

It is wise to shop around and compare multiple rates from various car insurance carriers. Each company has its own formula used in calculating rates, which means that prices may vary markedly from one company to the next. If you obtain quotes from multiple companies, you’ll be sure of getting the best deal available.

4. Regularly Review Your Coverage

As time marches on, you will experience life changes, and your auto insurance coverage should change accordingly. Make a habit of reviewing your policy a minimum of once a year or whenever you go through a major life change, such as getting married, starting a new job, or moving to a new city. This may help to ensure that you aren’t paying for coverage you no longer need, or that you have the coverage adequate for what you do need.

5. Ask About Occupational Or Membership Discounts

Quite a few auto insurance companies offer discounts for certain professions, such as  teachers, members of the military, etc. or memberships in organizations like AAA, or  credit unions.

 6. Drive Fewer Miles

Some auto insurers offer discounts if you drive fewer miles per year than average. If you work from home, check with your car insurance provider to see if they will give you a discount.

7. Take A Defensive Driving Course

Taking a defensive driving course may lead to substantial savings on your auto insurance. It will help improve your driving skills,as well, and numerous insurance providers give discounts to drivers who have completed these courses as they’re considered safer drivers.

If you implement these seven proven strategies, you might greatly reduce your auto insurance premiums,which means more money in your pocket. The key to saving money on auto insurance is to be proactive and take steps to show insurance companies that you’re a good risk.