How Can You Get Cheap Car Insurance in Markham?
You can get cheap Markham car insurance by finding the best deals. Here are several tips to help you do so:
Who Provides Car Insurance Quotes in Markham?
Insurance brokers, agents, aggregators, and direct writers provide car insurance quotes in Markham. Here’s an overview of these four insurance quote providers:
How Does Car Insurance Work in Markham?
Car insurance in Markham works by providing financial coverage in case something bad happens to you or your car, depending on the protection you choose. Auto insurance in Markham is mandatory by local laws, which means you need car insurance to avoid fines or driver’s licence suspensions.
Worse still, if you get convicted of driving without insurance, you’ll get higher premiums from carriers. This makes driving again prohibitively expensive or even nearly impossible after being caught driving without insurance. That’s why getting auto insurance is essential before buying a car or driving in Markham.
Here’s a breakdown of the key elements of your auto insurance policy:
How Your Car Insurance Quotes Are Calculated in Markham
Your car insurance rates are calculated based on how risky you are to insure. Naturally, drivers more likely to get into accidents will have higher premiums than those less likely to be in an accident.
Here are seven factors that influence your Markham car insurance quotes:
Most Expensive Postal Codes in Markham
Markham has higher-than-average car insurance rates due to its sizable population and its close proximity to Toronto. Markham’s average auto insurance rate is $2,447, around $800 over the Ontario average. The postal code with the most expensive insurance rates is L3S, which includes Box Grove and Vinegar Hill.
| Postal Code | Average Annual Car Insurance Premium |
|---|---|
| L3S | $2,570 |
| L3R | $2,565 |
| L3P | $2,562 |
Least Expensive Postal Codes in Markham
The Markham postal code with the most affordable auto insurance rates is L6C, which includes Downtown Markham and Highways 7 and 8.
| Postal Code | Average Annual Car Insurance Premium |
|---|---|
| L6C | $2,351 |
| L6E | $2,356 |
| L6G | $2,358 |
Car Insurance Cost in Markham by Age
Younger drivers are more likely to receive higher insurance premiums because their lack of experience makes them more likely to get into an accident. The good news is that younger drivers can lower insurance premiums by taking certified driving lessons, applying for student discounts, or riding on their parents’ insurance policies as secondary drivers.
While insurance rates tend to drop for drivers by the time they hit 35, they rise after 65 as older drivers are more likely to sustain significant injuries in an accident.
Take a closer look below at how age can directly impact your insurance premiums:
| Age | Average Annual Rates | Average Savings with MyChoice |
|---|---|---|
| 18-20 | $8,736 | $1,738 |
| 21-24 | $4,992 | $993 |
| 25-34 | $3,228 | $662 |
| 35-44 | $2,447 | $487 |
| 45-54 | $2,007 | $399 |
| 55-64 | $1,706 | $339 |
| 65+ | $1,944 | $387 |
Car Insurance Cost in Markham by Driving History
While you can qualify for auto insurance even with a bad driving history, a record of accidents and collisions can significantly increase your rates. One speeding ticket isn’t going to increase your premiums drastically, but repeated offences can.
Here’s a closer look at how driving violations can impact your insurance rates:
| Driving Violation | Average Annual Car Insurance Premium |
|---|---|
| Clean driving record | $2,447 |
| Insurance cancellation due to non-payment | $4,013 |
| Licence suspension for alcohol-related offences | $2,936 |
| One accident | $5,383 |
| Speeding ticket | $3,181 |
Other Factors That Affect Car Insurance Prices in Markham
We’ve covered several factors that influence car insurance rates in Markham. Aside from those, several extra factors play a part in determining your Markham auto insurance premiums:
The Best Car Insurance Brokerages in Markham
Car insurance brokers help you shop for the appropriate rates. By providing them with the necessary information, you can review different insurance levels suitable for your vehicle, history, and driving habits.
Below are a few of the best brokerages in the region:
| Brokerage | Address | Phone number |
|---|---|---|
| Guthrie Insurance Brokers & INSUREPLUS | 1151 Denison St Unit 19 Markham, ON L3R 3Y4, Canada | +14164875200 |
| ThinkInsure | 11 Allstate Pkwy unit 206 Markham, ON L3R 9T8, Canada | +18555505515 |
| Sukhu Insurance Brokers | 22-7595 Markham Rd Markham, ON L3S 0B6, Canada | +19055542020 |
| Billyard Insurance Group – Markham North | 9889 Markham Rd Unit 202 Markham, ON L6E 0B7, Canada | +18885086118 |
Driving in Markham
Markham is prone to long construction hours, so expect road congestion and a lot of time stuck in traffic. When driving around the city, you’ll want to keep these key facts in mind:
- Major highways: Highway 404, Highway 7
- Public transit options: York Regional Transit, Go Transit
- Ridesharing services: Uber
- Parking space providers: City of Markham, Impark
- Top tourist attractions: Pacific Mall, Toogood Park, Rouge National Urban Park, Milne Dam Conservation Park, Reesor Farm Market
- Busy intersections: Woodbine Ave to Highway 7, Woodbine Ave to Steelcase Road, Highway 7 to Warden Ave, Highway 7 to McCowan Road, Kennedy Road to 14th Avenue
- Airports: Buttonville Municipal Airport
Main Mode of Commuting in Markham
Out of 89,280 Markham commuters, 77,820 of them travel by car, truck, and van. Most of Markham’s car commuters drive themselves, but around 7,300 of them are passengers. Check the table for more details on how people commute in Markham:
| Main mode of commuting | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 89,280 | 100.0 |
| Car, truck or van | 77,820 | 87.2% |
| Car, truck or van – as a driver | 70,505 | 79.0% |
| Car, truck or van – as a passenger | 7,315 | 8.2% |
| Public transit | 6,970 | 7.8% |
| Walked | 2,095 | 2.3% |
| Bicycle | 300 | 0.3% |
| Other method | 2,095 | 2.3% |
Commuting Duration in Markham
Markham is one of the most congested municipalities in York, and you can see it in its commuting duration. Around 60% of Markham’s commuters spend 15 to 44 minutes on the road each day. Only roughly 15,000 people out of 89,280 commuters spend under 15 minutes commuting. Here’s a closer look at the commuting duration in Markham:
| Commuting duration | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 89,280 | 100.0 |
| Less than 15 minutes | 15,220 | 17.0% |
| 15 to 29 minutes | 30,635 | 34.3% |
| 30 to 44 minutes | 24,575 | 27.5% |
| 45 to 59 minutes | 9,200 | 10.3% |
| 60 minutes and over | 9,650 | 10.8% |
Driving Conditions in Markham
While Markham summers are warm, winters can be snowy and windy, factors that can make it challenging to drive carefully. Keep these facts about driving conditions in Markham in mind when behind the wheel:
- Average daily commute time: 60 minutes round trip
- Average annual rainfall: 82 mm
- Average annual snowfall: 96.52 mm
- Rainy days per year: 45 days
- Rainiest month in Markham: June
- Driest month in Markham: March
- Snow days per year: 51 days
- Snowfall months in London: November – April
Traffic in Markham
Markham is the largest and most congested municipality in the York Region, so expect traffic to be bad year-round. The best way to avoid potential accidents is to keep from driving during congestion hours and to track construction using an app.
Here are a few other things you should know about traffic in Markham.
- Population: Markham has a population of 360,000 people.
- City area: The Markham city limits span 210.9km2.
- Busiest highways: The busiest highways in Markham include Highway 7 and Highway 404.
- Average number of distracted driving: Roughly 333 drivers receive charges for impaired driving per year.
The Most Common Questions About Car Insurance in Markham
Is ridesharing insurance available in Markham?
Yes, ridesharing insurance is available in Markham for Uber and Turo.
How much does Markham car insurance cost?
Markham car insurance costs roughly $2,447 a year.
Is car insurance cheaper in Markham than in Toronto?
No, car insurance is not cheaper in Markham than in Toronto. In fact, it is about $300 above the Toronto average of $2,139.
Who has the cheapest auto insurance in Markham?
You can find the cheapest auto insurance in Markham by comparing quotes through the MyChoice calculator. We help you find the best possible rate from different providers.
Why should you compare car insurance rates in Markham?
You should compare car insurance rates in Marham to get the best possible price. No two providers offer the same rates, so shopping around can help you find an affordable plan.
How do you find affordable car insurance for students in Markham, Ontario?
To find affordable car insurance for students in Markham, shop around for new driver discounts. Students can also bring their insurance rates down by taking a driver’s education course or listing themselves as a secondary driver on a parent’s insurance plan.
Which auto insurance is best for young drivers in Markham?
The auto insurance that is best for young drivers in Markham will depend on the type of coverage you need. Be sure to shop around for the best rates and compare policies with an experienced driver.