Located in a highly commuter-driven area of York Region, there is plenty of traffic along Highway 404, Yonge Street and Mulock Drive in Newmarket. For most motorists, the largest determinants of insurance cost will likely be the distance that they commute, the type of car they drive and their claims history as opposed to slight variances in location within the city limits.
This page displays how much Newmarket car insurance costs, breakdowns by age and driving record, how it stacks up against nearby areas, and what makes up most of the cost.
The Newmarket car insurance rates below are averages of quotes gathered by MyChoice starting in January 2026.
What Drivers Pay for Car Insurance in Newmarket
From our database of rates, we found that the median auto insurance premium in Newmarket is $2,557 per year ($213 per month). This is 9.0% more than 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
For these two postal areas there is virtually no difference. The median for L3Y is $2,580 per year and L3X is $2,544. The difference is $36 per year.
| Postal Code | Median Annual Car Insurance Premium |
|---|---|
| L3Y | $2,580 |
| L3X | $2,544 |
Regional Commuting and Growing Traffic in Newmarket
In Newmarket, drivers share busy York Region arterials with commuters heading to Highway 404 and other nearby communities. While traffic levels in Newmarket generally move well, growth, construction, school traffic, and winter weather conditions can produce congestion at a handful of intersections. Drivers should plan for additional travel time during peak periods and resist the urge to overtake when road lanes merge suddenly or speed limits change quickly.
Read More: Where Newmarket Ranks in Ontario’s Road-Rage Study
Newmarket Premiums Compared with Surrounding Cities
Newmarket’s median of $2,557 falls below Aurora, Richmond Hill and Markham, but above Barrie and Bradford. Aurora is the closest match with $2,673, only $116 a year higher.
| 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
Vehicle damage coverage accounts for 46.6% of the premium, legally required coverage accounts for 44.2%, and Optional Accident Benefits and endorsements make up the remaining 9.2%.
So most of the additional amount paid is for these major coverages. If you’re looking to cut costs, start by looking at your collision and comprehensive coverages and deductibles. You will not see as much reduction in the premium from eliminating these small add-ons.
| 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
Younger drivers also have higher costs than older drivers. For example, drivers aged 18 to 20 pay a median of $6,091 while drivers aged 35–44 pay a median of $2,557. And rates decline rapidly after the teen years, dropping to $3,727 for drivers aged 21–24.
If there’s a new driver in your home, you may be able to save money by having them listed as an occasional driver on another family car rather than making them the main driver of a car in their name. You may also want to check whether the car they’re driving affects the premium, and compare costs for each car in your household.
| 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
In the clean record Newmarket profile, one at-fault accident increases the median premium from $2,557 to $3,793, while a minor speeding ticket increases 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.
