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Markham Car Insurance

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Recent Quotes From Our Users

Monthly PremiumsDate & TimeQuote TypeAgeGenderPostal Code
$106.58May 21, 2024, 07:11 AMAuto69FemaleL2R6P9
$46.95May 21, 2024, 10:07 AMHome44FemaleL6Y0E8
$24.71May 21, 2024, 12:42 AMTenant25FemaleK8N3P9

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Article Contents
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on May 16, 2024

Visit author page
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated May 16, 2024

Visit author page

3 minute read

Article Contents

Quick Facts About Auto Insurance in Markham

  • Markham car insurance is MORE expensive than the Ontario average.
  • The average annual car insurance cost in Markham for a driver with a clean record and comprehension/collision coverage is around $2,447.
  • Comparing Markham auto insurance quotes with MyChoice can save you up to $1,738 annually.

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:

BrokerageAddressPhone number
Guthrie Insurance Brokers & INSUREPLUS1151 Denison St Unit 19
Markham, ON L3R 3Y4, Canada
+14164875200
ThinkInsure11 Allstate Pkwy unit 206
Markham, ON L3R 9T8, Canada
+18555505515
Sukhu Insurance Brokers22-7595 Markham Rd
Markham, ON L3S 0B6, Canada
+19055542020
Billyard Insurance Group – Markham North9889 Markham Rd Unit 202
Markham, ON L6E 0B7, Canada
+18885086118

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 $700 over the Ontario average. The postal code with the most expensive insurance rates is L3S, which includes Box Grove and Vinegar Hill.

Postal CodeAverage 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 CodeAverage 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:

AgeAverage Annual RatesAverage 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 ViolationAverage 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

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 commutingCountsRates
Total – 25% sample data89,280100.0
Car, truck or van77,82087.2%
Car, truck or van – as a driver70,50579.0%
Car, truck or van – as a passenger7,3158.2%
Public transit6,9707.8%
Walked2,0952.3%
Bicycle3000.3%
Other method2,0952.3%

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 durationCountsRates
Total – 25% sample data89,280100.0
Less than 15 minutes15,22017.0%
15 to 29 minutes30,63534.3%
30 to 44 minutes24,57527.5%
45 to 59 minutes9,20010.3%
60 minutes and over9,65010.8%

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

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.

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 can you get cheaper car insurance in Markham?

Compare car insurance rates in Markham with MyChoice, or visit our main car insurance page to learn other ways of getting cheap car insurance quotes.

Sources

1. Mychoice.ca Internal Data, Most Expensive Postal Codes, Ontario, Markham, Car Insurance Quotes Collected, 2024.

2. Mychoice.ca Internal Data, Least Expensive Postal Codes, Ontario, Markham, Car Insurance Quotes Collected, 2024.

3. Mychoice.ca Internal Data, Rate Cost By Age, Ontario, Markham, Car Insurance Quotes Collected, 2024.

4. Mychoice.ca Internal Data, Rate Cost By Driving History, Ontario, Markham, Car Insurance Quotes Collected, 2024.

5. City of Markham Website, Driving & Transit Information. Data Collected, 2024.

6. Statistics Canada, 2021, Census of Population, Ontario, Markham, Main Mode of Commuting. Data Published March 29, 2023.

7. Statistics Canada, 2021, Census of Population, Ontario, Markham, Commuting Duration. Data Published March 29, 2023.

8. Weather Network Canada, Historical Averages, Ontario, Markham.

9. 511 Ontario Traveller Information, Ontario, Markham.

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