Car insurance in Markham starts from a fairly high base. The city has busy roads such as Highway 7 and Highway 404, large employment areas and plenty of multi-lane intersections, but the cost of insurance also varies quite a bit depending on where you live and what you drive.
This page helps Markham drivers compare local rates with Ontario and nearby GTA communities. It also explains differences by postal area, age, driving history, vehicle, and coverage, while adding local accident and road-use context to help readers prepare for car insurance shopping.
Markham rates shown below are based on real auto insurance quotes collected through MyChoice between January and June 2026.
Markham Car Insurance at a Glance
Based on our internal data, Markham’s median annual auto insurance quote is $3,046, or $254 a month. That is 29.9% above the Ontario median.
| Median annual premium | $3,046 |
| Median monthly premium | $254 |
| Markham premium vs. Ontario Median | 29.9% more expensive |
| Cheapest Postal Code | L6B ($2,781) |
| Most Expensive Postal Code | L3S ($3,533) |
Where Car Insurance Costs More or Less in Markham
There is a big difference between Markham postal areas. L3S has a median car insurance premium of $3,533, compared with $2,781 in L6B, a gap of $752 per year.
That is about a 27% difference between the lowest and highest premiums. For someone moving within Markham, that is large enough to justify checking the insurance price for the new address before assuming the cost will stay similar.
| Postal Code | Median Annual Car Insurance Premium |
|---|---|
| L3S | $3,533 |
| L3P | $3,186 |
| L6E | $3,055 |
| L3T | $3,052 |
| L1R | $3,037 |
| L6C | $2,866 |
| L6G | $2,851 |
| L3R | $2,848 |
| L6B | $2,781 |
Accident Rates by Postal Code in Markham
Not all parts of Markham have the same accident risk, and your postal code is one of the main factors insurers use to set your premium. The map below shows the percentage of drivers who have been in an accident across Markham’s postal codes, based on over 50,000 quotes analyzed by MyChoice.
Source: MyChoice Quote Database
On average, 9.1% of Markham drivers have an accident on their record. But that varies by area — from as low as 7.4% in some areas to 9.7% in others.
Read More: How Markham’s 2026 Rate Change Compares with Other Cities
Areas with the highest accident rates:
- L3R — Markham Central: 9.7% of drivers have an accident on record
- L6G — Markham South / Milliken East: 9.2%
- L6B — Markham East: 9.2%
- L6E — Markham North: 8.6%
- L3S — Markham East / Cornell: 8.4%
Areas with the lowest accident rates:
- L6C — Milliken: 7.4%
- L3P — Markham Village: 7.7%
- L3S — Markham East / Cornell: 8.4%
- L6E — Markham North: 8.6%
Drivers in Markham Central (L3R) are 31% more likely to have an accident on their record than drivers in Milliken (L6C).
Highway 404 Commuting and Rapid Growth in Markham
Markham combines dense suburban development, major employment areas, Highway 404 commuting, and ongoing construction. Busy multi-lane intersections can become difficult when drivers change lanes late or follow too closely. Selecting lanes early, watching for cyclists and pedestrians, and allowing additional peak-period time are practical risk reducers.
Markham’s data later on shows that both a speeding ticket and an at-fault accident can add roughly a quarter to the clean-driver premium. Keeping your own record clean is therefore much more useful than worrying about whether your neighbourhood’s accident rate is one or two percentage points higher.
Read More: How Vehicle Theft Can Affect Insurance Premiums
How Markham Rates Stack Up Locally
Markham’s $3,046 median is the highest among the nearby communities included in our comparison. Vaughan is closest at $2,977, only $69 less, while Toronto is $590 less at $2,456. A move within the GTA can significantly change a quote, even when the driver and vehicle remain the same.
| City | Median Annual Car Insurance Premium | Difference from Markham Premium |
|---|---|---|
| Markham, ON | $3,046 | — |
| Richmond Hill, ON | $2,780 | -8.7% |
| Scarborough, ON | $2,920 | -4.1% |
| Vaughan, ON | $2,977 | -2.3% |
| Toronto, ON | $2,456 | -19.4% |
| Newmarket, ON | $2,557 | -16.1% |
Inside the $3,046 Markham Premium
About 46% of Markham’s premium goes toward legally required coverage, and another 45% goes toward vehicle damage protection. Optional Accident Benefits and endorsements make up only about 9% combined.
So there is not a huge amount of the premium sitting in small extras. If a Markham driver is trying to make a meaningful reduction, changing insurers or reviewing collision, comprehensive, and deductibles may have more impact than cutting a few inexpensive optional benefits.
For an older vehicle, compare what you are paying for physical-damage coverage with what you could realistically afford to repair or replace yourself.
| Part of the policy | What is included | Median Annual Car Insurance Premium |
|---|---|---|
| Legally required coverage | Third-Party Liability; mandatory medical, rehabilitation and attendant care; Uninsured Automobile | $1,403.49 |
| Vehicle damage protection | DCPD; Collision; Comprehensive | $1,362.84 |
| Optional Accident Benefits | Selected optional benefits shown below | $267.27 |
| Optional endorsements | OPCF 44R – Family Protection | $12.40 |
| Coverage Total: | $3,046 |
Ontario’s July 1, 2026 auto insurance changes made many Accident Benefits optional (see below).
Does Age Change Your Car Insurance Cost in Markham?
Markham is particularly expensive for young drivers. The median car insurance premium is $7,167 for ages 18–20, compared with $3,046 for drivers aged 35–44.
For a Markham family adding a young driver, it is worth checking how much each household vehicle costs to insure them under. With the young-driver premium already this high, the vehicle they are assigned to can make an expensive situation even more costly.
| Age | Median Annual Car Insurance Premium |
|---|---|
| 18-20 | $7,167 |
| 21-24 | $4,294 |
| 25-34 | $3,834 |
| 35-44 | $3,046 |
| 45-54 | $2,753 |
| 55-64 | $2,400 |
| 65+ | $2,370 |
The Impact of Driving History on Markham Premiums
A speeding ticket and an at-fault accident have almost the same effect in this sample. The clean-record median is $3,046. One minor speeding ticket raises it to $3,840, while one at-fault accident brings it to $3,892, an increase of about 26% and 28%.
For someone whose record has recently changed, it is worth comparing insurers again. The company that priced a clean record well may not be the one that prices a ticket or accident most favourably.
| Driving record | Median Annual Car Insurance Premium |
|---|---|
| Clean | $3,046 |
| Minor speeding ticket | $3,840 |
| One at-fault accident | $3,892 |
| Insurance cancellation (non-payment) | $3,496 |
| Licence suspension | $4,561 |
| Impaired driving conviction | $7,207 |
| Stunt driving conviction | $4,663 |
Car Model and Insurance Cost in Markham
The 2024 Subaru Forester has a median car insurance premium of $3,046, while the 2011 Honda CR-V is $3,526, the 2022 Audi Q5 is $3,753 and the 2026 Toyota RAV4 Hybrid is highest at $3,822.
That is almost an $800 annual spread across SUVs in our sample. For Markham drivers comparing crossovers, look beyond the vehicle category itself. The exact model, year and trim can materially change the insurance budget even when all of the vehicles serve roughly the same purpose.
| Make | Model | Model year | Vehicle price | Median premium |
|---|---|---|---|---|
| Subaru | Forester 2.5I Wagon Awd | 2024 | $33,595 | $3,046 |
| Audi | Q5 Progressiv 45 2.0 Tfsi 4Dr Awd | 2022 | $56,805 | $3,753 |
| Honda | Civic Lx 4Dr | 2013 | $19,730 | $3,093 |
| Honda | Cr-V Ex 4Dr 2Wd | 2011 | $30,964 | $3,526 |
| Toyota | Rav4 Xle Hev 4Dr Awd | 2026 | $43,365 | $3,822 |