Affordable Car Insurance in Markham from $142/month

How Does Car Insurance Work in Markham?

Car insurance is mandatory in Ontario, but it’s important to understand the factors that influence your insurance premium and the types of coverage you should consider.

Below is a breakdown of what’s included in your car insurance package in Markham when you get a quote with MyChoice, categorized by mandatory and highly recommended coverages. Together, the mandatory and recommended coverage premiums reflect the average car insurance cost in Markham referenced above.

Coverage Type	What’s Included	Average Annual Car Insurance Premium
Mandatory	– Third-Party Liability – Accident Benefits – Uninsured Automobile	$965
Highly Recommended	– Direct Compensation: Property Damage – Collision – Comprehensive – OPCF 20 – OPCF 27 – OPCF 44R – OPCF 39 – OPCF 43	$1,198
Coverage Total:		$2,163

Mandatory Coverages

Coverage Type	Coverage Details	Average Annual Car Insurance Premium
Third-Party Liability	Protects you if you injure someone or damage property while driving, and covers legal costs if you’re sued	$302
Accident Benefits	Covers medical costs, income replacement, and more for you and others injured in an accident, regardless of fault	$646
Uninsured Automobile	Protects you if you’re hit by an uninsured or an unidentified driver and suffer injuries or vehicle damage	$17
Coverage Total:		$965

*The above coverages are mandatory in Markham and will always be included in a standard car insurance quote.

Highly Recommended Coverages

Coverage Type	Coverage Details	Average Annual Car Insurance Premium
Direct Compensation: Property Damage	Covers damage to your own vehicle if you’re not at fault in an accident with another insured driver in Ontario.	$531
Collision	Covers your vehicle if you hit another car or object and you’re found at fault.	$324
Comprehensive	Covers damage to your vehicle from non-collision events like theft, vandalism, fire, or weather.	$233
OPCF 20: Loss of Use	Pays for rental or other transportation if your car is out of service after an at-fault accident or comprehensive claim.	$27
OPCF 27: Rental Vehicle	Extends your coverage to rented or borrowed vehicles, protecting you if damage occurs while you drive them.	$28
OPCF 44R: Family Protection	Covers you and your family if you’re hit by an uninsured, underinsured, or hit-and-run driver and their coverage isn’t enough.	$22
OPCF 39: Accident Forgiveness	Prevents your insurance premiums from increasing after your first at-fault accident, as long as you stay with the same insurer.	$31
OPCF 43: Waiver of Depreciacion	Ensures you get the full purchase price back—not a depreciated value—if your new vehicle is written off.	$2
Coverage Total:		$1,198

*Any of the above highly recommended coverages in Markham may be removed from your quote, but we strongly recommend keeping them to have adequate protection.

Most Expensive Postal Codes in Markham

Markham has moderately priced car insurance rates. Markham’s average auto insurance rate is $1,686, around $200 under 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	$2,485
L3R	$2,332
L3P	$2,201

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	$1,841
L6E	$1,965
L6G	$2,049

How Markham Car Insurance Rates Compare to Nearby Cities

Markham’s car insurance rates are some of the lowest in the region. You can see how they compare to some of the neighbouring cities in the table below.

City	Average Annual Car Insurance Premium
Markham, ON	$2,163
Richmond Hill, ON	$2,309
Toronto, ON	$2,231
Scarborough, ON	$2,881
Vaughan, ON	$2,451
Aurora, ON	$2,023

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 Car Insurance Premium	Average Savings with MyChoice
18–20	$6,208	$1,235
21–24	$3,201	$637
25–34	$2,466	$490
35–44	$2,163	$430
45–54	$1,839	$366
55–64	$1,709	$340
65+	$1,752	$348

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	$2,163
Insurance cancellation due to non-payment	$3,307
Licence suspension for alcohol-related offences	$2,271
One at-fault accident	$4,239
Minor speeding ticket	$2,617

Car Insurance Cost in Markham by Vehicle Model

Below is a breakdown of the estimated insurance costs for various car models in Markham. This should give you an idea of what you can expect to pay for car insurance based on the vehicle model you drive.

Car Model	Average Annual Car Insurance Premium
Honda	$1,985
Tesla	$2,124
Toyota	$2,277
Hyundai	$2,181
BMW	$2,518
Audi	$2,689
Mazda	$2,017
Volkswagen	$1,990
Mercedes	$2,143
Nissan	$2,192

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