How much does car insurance in Newmarket cost?
The cost of car insurance in Newmarket is average compared to other cities in the province. Newmarket falls in the middle when it comes to the most affordable cities. Based on our customer quote data, the average cost is about $2,082 per year. On the other hand, car insurance in Toronto and other cities in the GTA can be hundreds or even a thousand dollars more per year, depending on where you live.
Newmarket Car insurance rates from 2022-2023
Premiums are on the rise. Based on our customer data, there was a big increase in car insurance rates in Newmarket from 2022 to 2023. The change in rates doesn't necessarily mean it's applicable to your situation. Get a quote to see how much the cost can change for you. Here’s a summary of how premiums change by year:
| Year |
Average annual premium |
| 2023 |
$ 2,082 |
| 2022 |
$ 1,270 |
| Average rate (2019-23) |
$ 1,676 |
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Auto insurance rates in Newmarket compared to local cities nearby
Auto insurance premiums in Newmarket fall somewhere in the middle when compared to other local cities. Below is a comparison of how rates compare:
| City |
Avg premium |
| Richmond Hill |
$ 2,441 |
| Bradford |
$ 2,438 |
| Markham |
$ 2,429 |
| Newmarket |
$ 2,082 |
| East Gwillimbury |
$ 2,074 |
| Uxbridge |
$ 1,972 |
| Aurora |
$ 1,951 |
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Tips to get cheap car insurance in Newmarket
Newmarket drivers with the lowest auto insurance rates have several things in common. They maintain a clean driving record, drive an insurance-friendly vehicle, and work with an advisor to get quotes at least once a year.
Checking car insurance quotes often and each time your policy is up for renewal is an opportunity to save even more. When was the last time you got a quote or considered switching companies?
When comparing rates, it is easy to check out multiple insurers for those who like to shop online. Or, if you prefer to speak with an insurance professional directly, call 1-855-550-5515, and we'll be happy to help you save.
What are the top factors impacting Newmarket car insurance rates?
- Vehicle: The car you choose to drive will affect your premiums. Choose vehicles with good safety ratings and less prone to being stolen or involved in accidents.
- Driving history: Avoiding tickets and staying accident-free will significantly help keep your rate low.
- Claims: Keeping a record of claims-free driving will help keep costs down and could qualify you for a discount.
- Coverage type and limits: Choose your coverage wisely. Make sure you have the right amount for your driving needs. Too much could be inflating your costs.
- Location: Your city, neighbourhood, and postal code are factored into premiums. Being just outside the GTA makes car insurance cheaper for Newmarket drivers.
