How Can You Get Cheap Car Insurance in Newmarket?
You can get cheap Newmarket car insurance by finding the best deals. Here are several tips to help you do so:
Who Provides Car Insurance Quotes in Newmarket?
Insurance brokers, agents, aggregators, and direct writers provide car insurance quotes in Newmarket. Here’s an overview of these four insurance quote providers:
How Does Car Insurance Work in Newmarket?
Car insurance in Newmarket works by providing financial coverage in case something bad happens to you or your car, depending on the protection you choose. Auto insurance in Newmarket is mandatory by local laws, which means you need car insurance to avoid fines or driver’s licence suspensions.
Worse still, if you get convicted of driving without insurance, you’ll get higher premiums from carriers. This makes driving again prohibitively expensive or even nearly impossible after being caught driving without insurance. That’s why getting auto insurance is essential before buying a car or driving in Newmarket.
Here’s a breakdown of the key elements of your auto insurance policy:
How Your Car Insurance Quotes Are Calculated in Newmarket
Your car insurance rates are calculated based on how risky you are to insure. Naturally, drivers more likely to get into accidents will have higher premiums than those less likely to be in an accident.
Here are seven factors that influence your Newmarket car insurance quotes:
Most & Least Expensive Postal Codes in Newmarket
The average car insurance policy in Newmarket costs $1,455, $70 higher than Ontario’s provincial average of $1,385. Newmarket only has one postal code, L3X, which means we can’t categorize them according to the most and least expensive in terms of insurance rates.
Here’s a breakdown of Newmarket’s car insurance rates based on postal code:
| Postal Code | Average Annual Car Insurance Rate |
|---|---|
| L3X | $1,482 |
Car Insurance Cost in Newmarket by Age
Age is a major driving factor in whether you can expect higher insurance premiums. Generally, the idea is that older drivers have more experience and are thus more likely to be responsible and capable of avoiding accidents.
Drivers under the age of 25 can expect higher insurance premiums, while those in their 50s and 60s can expect the lowest insurance rates. However, once you reach a certain age, your premium rates start to rise again – usually when you reach the age of 65 or become a senior citizen.
Based on studies, 75-year-old male drivers pay 21% more for auto insurance than 55-year-old male drivers. This is because as people get older, they go through physical changes that can affect their driving ability, such as changes in vision, attention, fitness, and reaction time.
Take a look at how much car insurance costs can vary by age in Newmarket:
| Age | Average Annual Car Insurance Rate | Annual Savings with MyChoice |
|---|---|---|
| 18 – 20 | $4,908.75 | $976.35 |
| 21 – 24 | $2,805.00 | $557.91 |
| 25 – 34 | $1,870.00 | $371.94 |
| 35 – 44 | $1,375.00 | $273.49 |
| 45 – 54 | $1,127.50 | $224.26 |
| 55 – 64 | $958.38 | $190.62 |
| 65+ | $1,092.55 | $217.31 |
Car Insurance Cost in Newmarket by Driving History
Take a look below at how car insurance quotes vary by violation in Newmarket:
All estimated rates are based on a 35-year-old female driving a 2018 Honda Civic four-door.
Your driving record plays a major role in determining the cost of your insurance premiums. Insurance companies will usually request the following:
- Demerit point total
- Any convictions, suspensions, and reinstatements under the Highway Traffic Act and Criminal Code of Canada
- Records of collisions
- Any driver’s license replacements/renewals
A clean driving record will help you get lower premiums, while a record laden with violations will get you tagged as a high-risk driver and cause insurance companies to charge you more.
In Ontario, driving violations remain on your record for two years, but they can affect your premium rates for far longer.
Other Factors That Affect Car Insurance Prices in Newmarket
We’ve covered several factors that influence car insurance rates in Newmarket. Aside from those, several extra factors play a part in determining your Newmarket auto insurance premiums:
The Best Car Insurance Brokerages in Newmarket
Car insurance brokers help you choose the right auto insurance policy by answering your questions and comparing policy offers.
Here are several brokers in Newmarket that you can contact for extra assistance when seeking car insurance:
| Brokerage | Address | Phone number |
|---|---|---|
| Zoobla Financial | 17665 Leslie St Unit # 27, Newmarket, ON L3Y 3E3, Canada | +19058364185 |
| BrokerLink | 247 Main St S, Newmarket, ON L3Y 3Z4, Canada | +19058367283 |
| George Rappos Desjardins Insurance Agent | 1271 Gorham St Unit 12, Newmarket, ON L3Y 8Y7, Canada | +19058957775 |
| Billyard Insurance Group – Newmarket | 390 Davis Dr #102, Newmarket, ON L3Y 2N9, Canada | +18882280202 |
Driving in Newmarket
Planning to move to or visit Newmarket? It helps to know more about driving in the area. Here are some key facts about driving in Newmarket you should know:
- Major highways in Newmarket: 404
- Public transit options: York Region Transit (bus), GO Trains
- Ridesharing services: Uber, Blacklane, Lyft, Talixo, SuperShuttle
- Parking space providers: The Town of Newmarket, private lots
- Top tourist attractions: Fairy Lake Park, Upper Canada Mall, Newmarket Riverwalk Commons, Holland Marsh Wineries
- Busy intersections: Yonge and Mulock, Prospect Street and Mulock, Yonge and London Road
- Airports: N/A
Main Mode of Commuting in Newmarket
If you live in Newmarket, it helps to know more about commuting there to ensure you get to work on time. Here’s a detailed look at the commuter data in Newmarket:
- Average commute distance: The average Newmarket resident travels x km to their workplace or school.
- Commute duration: While Newmarket is a small town, commute times are often somewhat long. Only 54.3% of households in Newmarket take under 30 minutes to get to work, while 22.4% of them spend 30 to 44 minutes on their commute.
- Main mode of commuting: Personal vehicles are the most popular mode of commuting in Newmarket, with a 90% share of households. Public transit and walking take second and third with 3.9% and 3.8% shares, respectively.
Driving Conditions in Newmarket
Various weather and driving conditions like snow and rain can affect your auto insurance premiums. Here’s an overview of driving conditions in Newmarket:
- Average annual rainfall: 81 mm
- Average annual snowfall: 96 mm
- Rainy days per year: 110
- Rainiest month in Newmarket: June
- Driest months in Newmarket: January
- Snow days per year: 110
- Snowfall months in Newmarket: October-April
Traffic in Newmarket
While Newmarket qualifies as a town, it’s one of the bigger towns in the area due to being the regional seat of York. It’s also a relatively dense town compared to other similarly-sized places.
Here’s a quick look at the key traffic statistics in Newmarket:
- Population: 87,942 people live within Newmarket’s city limits.
- City area: Newmarket’s city area spans 38.50 km2.
- Busiest highways: Newmarket is connected to Toronto through Highway 404. It’s also connected to Highway 400 by way of Highway 9.
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.
How much does Newmarket car insurance cost?
Newmarket car insurance costs $1,455/year, $70 over Ontario’s provincial average.
Is car insurance cheaper in Newmarket than in Toronto?
Car insurance in Newmarket is cheaper than in Toronto. There’s a $341 difference between the two cities’ average auto insurance rates.
What are the best car insurance companies in Newmarket?
The best car insurance company in Newmarket depends on what you want out of your policy and your budget. Use My Choice to compare insurance companies and find the right one for you.
Who has the cheapest auto insurance in Newmarket?
The cheapest auto insurance provider in Newmarket also depends on what types of coverage you choose. You can skip optional coverage to drive your rates down and save money.
Which cars get the lowest car insurance premiums in Newmarket?
Our research shows that at $126/month, Fiats are the cheapest cars to insure in Newmarket.
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.
How do you find affordable car insurance for students in Newmarket, Ontario?
There’s no affordable car insurance for students in Newmarket, but students can be listed as a driver in their parent’s insurance policy. This way, they don’t have to spend money paying for their own policy.
Which auto insurance is the best for young drivers in Newmarket?
The best auto insurance for young drivers in Newmarket should be the one that gives ample protection at a reasonable cost.