How Does Car Insurance Work in Newmarket?
Car insurance is mandatory in Ontario, but it’s important to understand the factors that influence your insurance premium and the types of coverage you should consider.
Below is a breakdown of what’s included in your car insurance package in Newmarket when you get a quote with MyChoice, categorized by mandatory and highly recommended coverages. Together, the mandatory and recommended coverage premiums reflect the average car insurance cost in Newmarket referenced above.
| Coverage Type | What’s Included | Average Annual Car Insurance Premium |
|---|---|---|
| Mandatory | – Third-Party Liability – Accident Benefits – Uninsured Automobile | $922 |
| Highly Recommended | – Direct Compensation: Property Damage – Collision – Comprehensive – OPCF 20 – OPCF 27 – OPCF 44R – OPCF 39 – OPCF 43 | $1,145 |
| Coverage Total: | $2,066 |
Mandatory Coverages
| Coverage Type | Coverage Details | Average Annual Car Insurance Premium |
|---|---|---|
| Third-Party Liability | Protects you if you injure someone or damage property while driving, and covers legal costs if you’re sued | $289 |
| Accident Benefits | Covers medical costs, income replacement, and more for you and others injured in an accident, regardless of fault | $617 |
| Uninsured Automobile | Protects you if you’re hit by an uninsured or an unidentified driver and suffer injuries or vehicle damage | $16 |
| Coverage Total: | $922 |
*The above coverages are mandatory in Newmarket and will always be included in a standard car insurance quote.
Highly Recommended Coverages
| Coverage Type | Coverage Details | Average Annual Car Insurance Premium |
|---|---|---|
| Direct Compensation: Property Damage | Covers damage to your own vehicle if you’re not at fault in an accident with another insured driver in Ontario. | $507 |
| Collision | Covers your vehicle if you hit another car or object and you’re found at fault. | $309 |
| Comprehensive | Covers damage to your vehicle from non-collision events like theft, vandalism, fire, or weather. | $223 |
| OPCF 20: Loss of Use | Pays for rental or other transportation if your car is out of service after an at-fault accident or comprehensive claim. | $26 |
| OPCF 27: Rental Vehicle | Extends your coverage to rented or borrowed vehicles, protecting you if damage occurs while you drive them. | $27 |
| OPCF 44R: Family Protection | Covers you and your family if you’re hit by an uninsured, underinsured, or hit-and-run driver and their coverage isn’t enough. | $21 |
| OPCF 39: Accident Forgiveness | Prevents your insurance premiums from increasing after your first at-fault accident, as long as you stay with the same insurer. | $30 |
| OPCF 43: Waiver of Depreciacion | Ensures you get the full purchase price back—not a depreciated value—if your new vehicle is written off. | $2 |
| Coverage Total: | $1,145 |
*Any of the above highly recommended coverages in Newmarket may be removed from your quote, but we strongly recommend keeping them to have adequate protection.
How Newmarket Car Insurance Rates Compare to Nearby Cities
Newmarket’s car insurance rates are some of the highest in the region. You can see how they compare to some of the neighbouring cities in the table below.
| City | Average Annual Car Insurance Premium |
|---|---|
| Newmarket, ON | $2,066 |
| Aurora, ON | $2,023 |
| Richmond Hill, ON | $2,309 |
| Markham, ON | $1,686 |
| Vaughan, ON | $2,451 |
| Bradford, ON | $1,871 |
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 Premium | Average Savings with MyChoice |
|---|---|---|
| 18-20 | $5,929 | $1,179 |
| 21-24 | $3,058 | $608 |
| 25-34 | $2,355 | $468 |
| 35-44 | $2,066 | $411 |
| 45-54 | $1,756 | $349 |
| 55-64 | $1,632 | $325 |
| 65+ | $1,673 | $333 |
Car Insurance Cost in Newmarket by Driving History
Take a look below at how car insurance quotes vary by violation in Newmarket:
| Driving Violation | Average Annual Car Insurance Premium |
|---|---|
| Clean driving record | $2,066 |
| Insurance cancellation due to non-payment | $2,872 |
| Licence suspension for alcohol-related offences | $2,169 |
| One at-fault accident | $4,049 |
| Minor speeding ticket | $2,500 |
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.
Car Insurance Cost in Newmarket by Vehicle Model
Below is a breakdown of the estimated insurance costs for various car models in Newmarket. This should give you an idea of what you can expect to pay for car insurance based on the vehicle model you drive.
| Car Model | Average Annual Car Insurance Premium |
|---|---|
| Honda | $1,896 |
| Toyota | $2,175 |
| Tesla | $2,029 |
| Hyundai | $2,084 |
| Audi | $2,568 |
| BMW | $2,405 |
| Mazda | $1,926 |
| Mercedes | $2,047 |
| Subaru | $1,793 |
| Volkswagen | $1,901 |
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 $2,066/year.
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 you can get cheaper car insurance in Newmarket?
Compare car insurance rates in Newmarket with MyChoice, or visit our main car insurance page to learn other ways of getting cheap car insurance quotes.