Newmarket sits in a commuter-heavy part of York Region, with regular traffic on Highway 404, Yonge Street and Mulock Drive. For many drivers, the biggest insurance differences come from how far they commute, the vehicle they drive and their record rather than from small changes within town.
This page shows what Newmarket drivers are paying, how rates change by age and driving history, how Newmarket compares with nearby cities, and where the biggest parts of the premium come from.
The Newmarket auto insurance premiums below are based on quotes collected through MyChoice since the beginning of 2026.
What Drivers Pay for Car Insurance in Newmarket
Based on our internal data, Newmarket’s median annual auto insurance quote is $2,557, or $213 a month. That is 9.0% above the Ontario median.
| Median annual premium | $2,557 |
| Median monthly premium | $213 |
| Newmarket premium vs. Ontario Median | 9.0% more expensive |
| Cheapest Postal Code | L3X ($2,544) |
| Most Expensive Postal Code | L3Y ($2,580) |
Cheapest and Most Expensive Postal Codes in Newmarket
There is almost no difference between the two postal areas in this sample. L3Y has a median of $2,580, while L3X is $2,544, a gap of only $36 per year.
| Postal Code | Median Annual Car Insurance Premium |
|---|---|
| L3Y | $2,580 |
| L3X | $2,544 |
Regional Commuting and Growing Traffic in Newmarket
Newmarket drivers share busy York Region arterials with commuters connecting to Highway 404 and neighbouring municipalities. Growth, construction, school traffic, and winter weather can produce queues at a limited number of crossings. Drivers should allow extra peak-period time and avoid aggressive passing on roads that quickly narrow or change speed.
Read More: Where Newmarket Ranks in Ontario’s Road-Rage Study
Newmarket Premiums Compared with Surrounding Cities
Newmarket’s $2,557 median falls below Aurora, Richmond Hill and Markham, but above Barrie and Bradford. The closest comparison is Aurora at $2,673, a difference of $116 a year.
| City | Median Annual Car Insurance Premium | Difference from Newmarket Premium |
|---|---|---|
| Newmarket, ON | $2,557 | — |
| Aurora, ON | $2,673 | +4.5% |
| Richmond Hill, ON | $2,780 | +8.7% |
| Markham, ON | $3,046 | +19.1% |
| Barrie, ON | $2,203 | -13.8% |
| Bradford, ON | $1,908 | -25.4% |
The Coverage Behind the Newmarket Premium
About 46.6% of the premium goes to vehicle damage protection, while 44.2% goes to legally required coverage. Optional Accident Benefits and endorsements make up the remaining 9.2%.
Most of the premium is therefore tied to core coverage. If you are trying to lower the cost, review collision, comprehensive and deductibles first rather than expecting large savings from removing small optional benefits.
| 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 | $1,131.38 |
| Vehicle damage protection | DCPD; Collision; Comprehensive | $1,190.90 |
| Optional Accident Benefits | Selected optional benefits shown below | $221.91 |
| Optional endorsements | OPCF 44R – Family Protection | $12.81 |
| Coverage Total: | $2,557 |
What Newmarket Drivers Pay at Different Ages
Drivers aged 18–20 pay a median of $6,091, compared with $2,557 for drivers aged 35–44. Rates drop quickly after the teen years, falling to $3,727 for drivers aged 21–24.
If your household is adding a young driver, it can be cheaper to list them as an occasional driver on an existing family vehicle rather than make them the primary driver of their own car. It is also worth comparing the cost across different household vehicles, since the assigned car can affect the premium.
| Age | Median Annual Car Insurance Premium |
|---|---|
| 18-20 | $6,091 |
| 21-24 | $3,727 |
| 25-34 | $2,668 |
| 35-44 | $2,557 |
| 45-54 | $2,370 |
| 55-64 | $2,194 |
| 65+ | $1,921 |
Read More: Insurance Tips for Young and Newly Licensed Newmarket Drivers
What Tickets and Claims Can Cost Drivers in Newmarket
For the clean-record Newmarket profile, one at-fault accident raises the median premium from $2,557 to $3,793, while a minor speeding ticket raises it to $3,763.
That makes avoiding both collisions and tickets financially meaningful. Additionally, the Town’s Road Watch program allows residents to report unsafe or aggressive driving.
| Driving record | Median Annual Car Insurance Premium |
|---|---|
| Clean | $2,557 |
| Minor speeding ticket | $3,763 |
| One at-fault accident | $3,793 |
| Insurance cancellation (non-payment) | $4,068 |
| Licence suspension | $3,751 |
| Impaired driving conviction | $6,423 |
| Stunt driving conviction | $4,324 |
Newmarket Car Insurance FAQs
Is ridesharing insurance available in Newmarket?
Ridesharing insurance for Uber and Lyft drivers is available in Newmarket. Ask your insurer for more details or read our guide to understand how it works.
Why should you compare car insurance rates in Newmarket?
You should compare car insurance rates in Newmarket because different insurers provide different coverage at different prices. Comparing rates help you choose which policy has the best value.
What information do you need for an auto insurance quote in Newmarket?
You need to provide basic personal details and vehicle information like production year, make, and model to get a basic auto insurance quote. You can get more accurate quotes by disclosing extra information, like your driving record and past traffic violations.
