Markham Car Insurance: Get Cheap Auto Insurance Quotes

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Save with Markham's best auto insurance rates

Shopping for a better rate on car insurance in Markham? Car insurance rates in the city of Markham are some of the highest in the province. Drivers regularly pay more than the provincial average, and rates continue to climb. You live in a region known for higher than normal auto insurance premiums. But we can help change this.

With ThinkInsure, you can quickly compare quotes for car insurance in Markham to find a better rate. We are partners with the leading insurance companies in Canada which means we can help you save. Let us shop and compare the best rates for auto insurance in Markham. Get started online or give us a call and speak with one of our insurance advisors for a quote. You don't need to overpay for your auto insurance.

Key takeaways about car insurance in Markham

Markham car insurance premiums in 2024 are $2,403.
Auto insurance rates have increased by 22.3% since last year for some Markham drivers. Avoid seeing your rates spike by using a broker to compare quotes and save.
Even though rates are higher than the provincial average, they are similar to other cities in the GTA.

How to get car insurance quotes in Markham

Comparing quotes and finding a lower rate is easy!

1) Start your quote

Enter your postal code to get started.

2) Enter your driving details

Provide us with some basic personal, driving, and vehicle information.

3) Compare your quotes

Calculate the lowest rates from the top insurance companies.

Choose your policy

Choose the best price. Confirm the details with our experts and get insured.

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We’ve got 5 star auto insurance in Markham

Rated 4.7 out of 5 stars in 1463 Google reviews

We help drivers in Markham find better auto insurance rates and coverage.

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Kevin St Clair

2024-11-28

Betsy was a genuine pleasure to deal with considering the circumstances. Thanks again for all your help

Anthony Gomez

2024-11-27

Today, I want to take a moment to recognize Monica Chan, an exceptional insurance broker who has consistently gone above and beyond in her service to me. Monica's dedication to punctuality and consideration has been truly remarkable. She has always been prompt in responding to my inquiries and has never hesitated to offer her expertise and guidance. With Monica as my broker, I have never once felt worried about anything going wrong. Her proactive approach and attention to detail have provided me with peace of mind, knowing that my insurance needs are well-taken care of. Throughout our interactions, Monica has been incredibly helpful, patiently explaining complex insurance concepts and ensuring that I fully understand my coverage options. I wholeheartedly recommend Monica Chan to anyone seeking an insurance broker who genuinely cares about their clients' best interests. Her commitment to excellence and her willingness to go the extra mile make her an invaluable asset in the insurance industry.

Phyllis Baker

2024-11-20

Absolutely amazing service the broker Todd worked on my quote fast I recommend this company to anyone very professional I’m so glad I called them .. Thank you for your great work

Charles Cameron

2024-11-15

Betsy Bannon has been nothing short of amazing at helping us through the complex process of acquiring business insurance. She quickly understood our needs and expertly guided us to the right solution. From start to finish, she made us feel like her most important client which gave us the confidence that we were in great hands. We highly recommend Betsy!

Jermaine M

2024-11-05

I had a great experience with Patrick Vuong. He went above and beyond to help me update last minute changes to my policy in order to qualify for a government grant. Staying back late and coming in early the next day to help finishes the changes. Very kind and professional!

Mark Gaffney

2024-11-05

Betsy Bannon is a professional extremely friendly and knowledgeable and made my experience wonderful! Highly recommend her for any insurance needs. Mark Gaffney

fabian ward

2024-11-04

Great service! Prompt and very helpful! Thanks to Todd allan for really helping me out!

Stephen Mcfadden

2024-11-01

Great experience working with Sohel Rahman, appreciate his honest and can-do attitude. Highly recommend!

What type of auto insurance is available in Markham?

You need insurance to drive. It's a legal requirement. All drivers in Markham must have the same minimum car insurance coverage as the rest of the province. You can get this from many insurance companies using our brokers. Here’s an outline of mandatory and optional coverage options:

Mandatory coverage for Markham drivers

All drivers must meet minimum insurance requirements. They are:

Third party liability: $ 200,000 in coverage is the minimum requirement. Most drivers have between $ 1 and $ 2 million in protection.
Statutory accident benefits: Medical benefits if you or your passengers are hurt in a crash.
Uninsured automobile coverage: Covers medical and vehicle repair costs if an uninsured motorist hits you.

This is the basic amount of insurance you can have. Most drivers have more and personalize their plans to meet their specific driving requirements.

Direct compensation property damage covers accident damage when you are not at fault. As of January 1, 2024, DCPD will no longer be legally required. You can opt out of this coverage using OPCF 49.

Optional coverage to personalize your policy

You have the choice to increase liability limits and add other optional coverage such as:

Collision insurance: Ensure your vehicle is protected if you are in a crash.
Comprehensive insurance: Protect your vehicle against non-accident related perils such as falling objects, theft, and vandalism.
Specified perils insurance: Covers loss for perils listed in your plan (fire, theft, weather damage, etc.)
All perils insurance: Protects you against all perils unless they are listed as an exclusion in your plan.

Additionally, you can add Insurance endorsements to enhance and alter your policy. Keep in mind that more protection will increase your rate.

Learn more about how insurance works on our Ontario car insurance page.

How do I get cheap auto insurance premiums in Markham?

There are steps you can take to get a lower rate. Here are some tips to get cheap car insurance in Markham :

Be a discount shopper: There are lots of insurance discounts to be had. Ask your insurer to find you more savings.
Choose your vehicle wisely: Some cars are costly to insure, and others are not. Check out our list of the cheapest cars to insure.
Drive safe: Avoid accidents and claims that will increase your rates.
Bundle and save: Combine all your car and home insurance under a single policy. Compare your options and get immediate savings.
Do an annual comparison: Your policy comes up for renewal once per year. Use this time to shop around and find the lowest premiums.

Recent Markham auto insurance quotes

2024/12/13

Shopper in MARKHAM, ON
Vehicle: MAZDA MAZDA6 GT 4DR 2015
CAA My Pace	$2,343
Pembridge	$3,306
Aviva Journey	$3,890
Intact	$4,015
Savings from top 4 lowest quotes	$1,672

2024/12/11

Shopper in MARKHAM, ON
Vehicle: SUBARU IMPREZA 2.0i 5DR AWD 2013
CAA Connect	$1,852
Intact	$1,924
CAA	$1,952
GORE	$2,018
Savings from top 4 lowest quotes	$166

How much does car insurance cost in Markham?

Drivers in Markham pay higher than average car insurance rates. You can expect to pay approximately $ 2,403 annually for car insurance in the Markham area. Many drivers pay more than this if they have a ticket or accident on their driving record. Consider using a broker to compare quotes if you want to keep your costs in check.

Here’s a breakdown of how much you can expect to pay:

Annually: $2,403
Semi-annually: $1,120.50
Quarterly: $600.75
Monthly: $200.25
Weekly: $46.21
Daily: $6.58

Rates are based on ThinkInsure customer quote data for Q1 2024 (Jan 1 to March 15, 2024)

Markham car insurance premium maps

How does Markham stack up against other cities? Costs are similar to Toronto car insurance rates and with other cities in the GTA.

Average Markham car insurance rate compared to other Ontario cities info graphic

Sources: *FSRAO
2023 ThinkInsure customer quote data. Drivers with a clean driving record and standard coverage

Markham car insurance rates from 2019-2024

Have you seen your insurance costs increase in 2024? Insurance rates are in a constant state of flux, changing frequently based on insurers' assessment of data related to claims, repair costs, accidents, and various other factors. Your driving record and potential eligibility for supplementary discounts also play a role in these rate adjustments. Below you can see the changes in premiums by year in Markham. They’ve increased quite a bit over the past 3 years:

Year	Average annual premium
2024	$ 2,403
2023	$ 1,965
2022	$ 1,785
2021	$ 2,159
2020	$ 2,523
2019	$ 2,344
Average rate (2019-24)	$ 2,197

Markham auto insurance premiums by driver type

Your auto insurance premiums are affected by your driver classification. Factors like age, demographics, licence, and driving record are taken into consideration by insurers to calculate your payments. To understand the impact of these factors on your premiums, we analyzed our Markham customer quote data. Here are our findings:

	Premium	Monthly	Difference
Driver type
All drivers	$ 2,371	$ 198	0
Young drivers (25 and under)	$ 2,901	$ 242	22.35%
Middle age (25 - 50)	$ 2,459	$ 205	3.71%
Mature/senior drivers (50+)	$ 1,760	$ 147	-25.77%
High risk drivers	$ 7,013	$ 584	195.78%
Demographics
Male	$ 2,354	$ 196	-0.72%
Female	$ 2,415	$ 201	1.86%
Married	$ 2,186	$ 182	-7.80%
Single	$ 2,575	$ 215	8.60%
Driving record
Clean driving record	$ 2,371	$ 198	0
1 ticket within the past 3 years	$ 2,488	$ 207	4.93%
1 accident in 3 years	$ 3,279	$ 273	38.30%
1 cancellation in 3 years	$ 3,427	$ 286	44.54%
1 suspension in 3 years	$ 3,425	$ 285	44.45%

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Markham insurance rates compared to local cities nearby

Markham is the most expensive city for car insurance in the region. Here’s a comparison:

City	Avg premium
Markham	$ 2,453
Richmond Hill	$ 2,387
Toronto	$ 2,268
Ajax	$ 2,217
Oshawa	$ 2,090
Pickering	$ 2,018
Newmarket	$ 1,757
Uxbridge	$ 1,587

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What areas in Markham have lower car insurance rates?

Where you reside within a city can affect the amount you pay for insurance. In Markham, postal codes could result in differences of several hundred dollars per year. So, if you have intentions of moving, this is an important factor to take into consideration. Take a look at how the different postal codes affect your premiums:

Area in City of Markham	Postal Codes	Avg Premium
Box Grove, Vinegar Hill	L3S	$ 2,595
Downtown Markham across to Highway 7 and 8	L6C	$ 1,734
Central Markham	L3P	$ 2,113
Southwest Markham	L3R	$ 2,491
Southeast Markham	L3S	$ 2,595
East Markham	L6B	$ 2,255
Northwest Markham	L6C	$ 1,734
Northeast Markham	L6E	$ 2,945
Locust Hill	L0H	$ 1,246
Thornhill	L3T	$ 2,260
Unionville	L6G	$ 1,492

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Markham car insurance premiums by vehicle brand

There are dozens of car brands to choose from. The one you select will have a direct impact on your insurance premiums. Below we outline the premiums based on car brand based on Markham customer data:

Vehicle brand	Premium	Monthly payment
Honda	$ 2,694	$ 225
Toyota	$ 2,153	$ 179
Hyundai	$ 2,361	$ 197
Chevrolet	$ 2,607	$ 217
RAM	$ 1,400	$ 117
Dodge	$ 1,400	$ 117
Subaru	$ 1,965	$ 164
Mazda	$ 2,380	$ 198
Nissan	$ 1,907	$ 159
Volkswagen	$ 2,900	$ 242
Mercedes	$ 1,689	$ 141
Tesla	$ 3,394	$ 283
Audi	$ 1,463	$ 122
Lexus	$ 2,267	$ 189

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Markham car insurance FAQs

How does getting online car insurance quotes in Markham work?

Getting a car insurance quote in Markham with ThinkInsure is simple. You can get a quote online through our website. Simply enter your information to see multiple car insurance quotes. We’ll help you find the best insurance company to serve your needs. You assess your options and choose the lowest rate and save money. Or if you prefer, give us a call to get a quote over the phone.

Why is car insurance so expensive in Markham?

There are many reasons why car insurance can be expensive in Markham. More traffic volume, more accidents, higher instances of theft and fraud and proximity to major highways are all factored in by insurers when assessing risk and determining rates.

Does ThinkInsure offer all types of auto insurance in Markham?

You bet! We can help you get coverage for all types of vehicles (cars, trucks, SUVs, sports cars) and can get you auto insurance for all your driving needs in Markham. Whether you are a new driver, a senior, drive a classic car, or need high-risk auto insurance, we can help you get insured and save.

Does ThinkInsure partner with the best car insurance companies in Markham?

Yes. We work with the top car insurance companies in Markham. From Aviva to CAA, Intact, Wawanesa, Travelers, and more, we can help you get coverage from industry-leading providers. Comparing policy options from our large selection of providers allows you to get personalized coverage for the lowest price.

About Markham and auto insurance

Driving safely and staying crash-free is even more important in Markham considering how expensive car insurance is in the region. The city experiences the same congestion, road construction, and delays as other areas in the GTA. Keeping your focus on the road and shopping the market for auto insurance is paramount to getting lower premiums in Markham.

Here is some important information about driving in the city and the surrounding area:

Highways

Highway 404
Highway 7

Public transit

York Regional Transit (YRT)
Go Transit

Toll roads

407 ETR

Ride-sharing

Uber

Road trips

Cook's Bay
Prince Edward Country
Lake Simcoe
Port Perry
Mount St. Louis Moonstone

Parking

City of Markham
Impark

Top attractions

Toogood Park
Rouge National Urban Park
Milne Damn Conservation Park
Pacific Mall
Reesor Farm Market

Busiest intersections

Woodbine Ave and Highway 7
Woodbine Ave and Steelcase Road
Highway 7 and McCowan Road
Kennedy Road and 14th Avenue
Highway 7 and Warden Ave

Airports

Buttonville Municipal Airport

Markham traffic, stats, and car insurance

With a population of over 360,000, Markham is the largest of nine municipalities in the York Region. It is the seventh-largest municipality in Ontario. It covers 211.5 hectares and is bounded by Steeles Avenue to the south. The northern boundary includes Highway 7 from Yonge Street east to Highway 404 as well as a line between 19th Avenue and Stouffville Road running west to Highway 404. The eastern boundary is the York-Durham line.

Here are some interesting facts about the region that can influence your car insurance costs and needs:

Highway 7 and Kennedy Road are two of the busiest in the city. More than 60,000 drivers use the road daily.
Major highways passing through the city include Highway 404, which runs from Toronto to the north of Newmarket, and Highway 407, which connects it with Vaughan, Brampton, and Burlington.
Over 115,000 people drive or are a passenger in a car on their commute to work, according to the 2016 Census.
More than 30,000 commuters have a commute of more than 60 minutes. Most people commute between 15 and 45 minutes.
333 drivers were charged with impaired in 2019. This is up from 301 in 2018 according to the York Regional Police Statistics Report. Getting caught for this or any other serious offence will spike your rates.

Tips for driving in Markham

How you drive can have a big impact on how much you pay for your auto insurance. We’ve put together a list of tips to help you drive safely in and around Markham:

Avoid Highway 7 if possible: Highway 7 is one of the busiest roads in the city. A number of intersections along this road are known for traffic congestion and accidents. Choose an alternative route if you can.
Get a transponder: Take highway 407 toll road can save you a lot of time on your commute. Get a transponder to save on the costs of using the toll road.
Drive during off-peak hours: If possible, drive during off-peak hours. This can help you spend significantly less time on the road and avoid being involved in an accident that increases your insurance.
Check road conditions before driving: You never know what you will be up against each day. Check the traffic report to see constructions, collisions, and traffic delays.

Start saving on Markham car insurance today

Drivers in Markham can follow a simple step to get the best auto insurance - compare quotes and save. It can be that easy. Speak with our insurance experts today to find great rates from the top insurers in the province. Get started by doing a quote online or give us a call.

Get Started

Sources

* Based on the difference between the average lowest premium and the overall average premium in Markham for estimates completed from January 1 to March 31, 2023, for drivers with a clean driving record.

** Estimated prices are based on data entered by drivers with a clean driving record living in Markham on ThinkInsure.ca.

*** Estimated premiums are based on data entered by individuals on ThinkInsure.ca from 2019-2022.

**** Estimated premiums are based on data entered by people on ThinkInsure.ca from January 1, 2021, to October 1, 2022.

***** Data from online quotes completed from April 2019 to April 2023.

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Compare Markham Car Insurance Quotes

Find lower rates for car insurance in Markham and save $776*!

Compare Markham car insurance quotes from the leading providers

Save with Markham's best auto insurance rates

Key takeaways about car insurance in Markham