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Things to Know Before Getting Markham Car Insurance
If you’re planning on getting car insurance in Markham, here are some things to keep in mind:
- Driving conditions: Markham is located in the Greater Toronto Area, which can have high traffic volumes and congestion, especially during rush hour. Winter weather conditions, such as snow and ice, can also impact driving conditions, so it’s important to make sure your vehicle is equipped for the season.
- Insurance rates: Car insurance rates in Markham can vary depending on your location, driving history, and the type of vehicle you drive. It’s important to compare quotes from multiple insurance providers to find the best rate for your specific situation.
- Coverage options: Different insurance providers offer different coverage options, so it’s important to understand what is included in each policy. Some common coverage options include liability coverage, collision coverage, and comprehensive coverage.
- Insurance discounts: Many insurance providers offer discounts for safe driving, multiple policies, and other factors. It’s worth asking about these discounts to see if you’re eligible for any savings.
- Local laws: It’s important to be aware of local driving laws and regulations in Markham. For example, using a handheld device while driving is illegal in Ontario and can result in fines and demerit points on your driver’s license.
What is the Average Car Insurance Rate in Markham
The average car insurance premium in Markham is $1,785.
Here is a table showing the estimated monthly car insurance costs for different driver profiles in Markham, and based on a driver profile of age 35, married, with a clean driving record.
Please note that these are just estimates, and actual costs may vary based on several factors such as the insurance company, the make and model of the vehicle, and the level of coverage. Additionally, insurance costs can vary between different provinces and territories in Canada.
| Driver Profile | Liability only | Liability + Collision | Full Coverage |
|---|---|---|---|
| G1 Driver | $300 – $400 | $400 – $500 | $800 – $1000 |
| G2 Driver | $200 – $250 | $300 – $350 | $450 – $550 |
| Full G Driver | $80 – $120 | $160 – $200 | $280 – $320 |
| Teenage Driver | $400 – $500 | $500 – $600 | $1000 – $1200 |
| Young Driver | $200 – $250 | $300 – $350 | $450 – $550 |
| High-risk Driver | $400 – $500 | $500 – $600 | $1000 – $1200 |
| Occasional Driver | $80 – $120 | $160 – $200 | $280 – $320 |
| Pleasure Driver | $80 – $120 | $160 – $200 | $280 – $320 |
| Commuting Driver | $120 – $150 | $220 – $270 | $360 – $450 |
| Good Driver | $80 – $120 | $160 – $200 | $280 – $320 |
| Bad Driver | $400 – $500 | $500 – $600 | $1000 – $1200 |
| New Driver | $300 – $400 | $400 – $500 | $800 – $1000 |
| Secondary Driver | $80 – $120 | $160 – $200 | $280 – $320 |
| 17 Years Old | $400 – $500 | $500 – $600 | $1000 – $1200 |
| Seniors | $80 – $120 | $160 – $200 | $280 – $320 |
| Over 55 Years Old | $80 – $120 | $160 – $200 | $280 – $320 |
| Students | $200 – $250 | $300 – $350 | $450 – $550 |
| International Driver | $200 – $250 | $300 – $350 | $450 – $550 |
| Newcomers | $200 – $250 | $300 – $350 | $450 – $550 |
| Men Driver | $120 – $150 | $220 – $270 | $360 – $450 |
| Women Driver | $80 – $120 | $160 – $200 | $280 – $320 |
| Married Couples | $80 – $120 | $160 – $200 | $280 – $320 |
| Usage-Based | $80 – $120 | $160 – $200 | $280 – $320 |
| Uber/Lyft | $120 – $150 | $220 – $270 | $360 – $450 |
| Personal use | $80 – $120 | $160 – $200 | $280 – $320 |
| Business use | $120 – $150 | $220 – $270 | $360 – $450 |
| Commercial use | $400 – $500 | $500 – $600 | $1000 – $1200 |
Here’s a breakdown of the estimated monthly car insurance costs for different types of cars in Markham, Canada for a driver profile of age 35, married, with a clean driving record:
| Car Type | Liability Only | Liability + Collision | Full Coverage |
|---|---|---|---|
| Sedan | $56 | $108 | $157 |
| Convertible | $67 | $130 | $188 |
| Hatchback | $52 | $100 | $145 |
| Wagon | $61 | $118 | $172 |
| Coupe | $67 | $130 | $188 |
| SUV | $76 | $147 | $213 |
| Truck | $74 | $144 | $209 |
| Minivans | $82 | $159 | $230 |
| Van | $86 | $167 | $241 |
| Electric Car | $70 | $135 | $195 |
| Hybrid Car | $62 | $120 | $174 |
| Multi Car | $92 | $178 | $258 |
| Exotic Car | $233 | $449 | $649 |
| Luxury Car | $139 | $268 | $388 |
| Classic Car | $97 | $187 | $271 |
| Vintage car | $87 | $168 | $243 |
| Sports Car | $150 | $289 | $418 |
| Leased cars | $83 | $160 | $231 |
| 2 Door | $68 | $131 | $190 |
Based on the given driver profile of age 35, married, and driving history in Markham, here are the average monthly car insurance costs for Liability Only, Liability + Collision, and Full Coverage:
| Driving History | Liability Only | Liability + Collision | Full Coverage |
|---|---|---|---|
| 1 one at-fault accident | $118 | $155 | $197 |
| 2 one at-fault accidents | $157 | $207 | $262 |
| 1 non-fault accident | $107 | $142 | $179 |
| DUI conviction | $202 | $266 | $337 |
| 1 Speeding Ticket | $103 | $136 | $172 |
| 2 Speeding Tickets | $119 | $157 | $199 |
How Does Markham’s Average Car Insurance Cost Compare to Other Cities in Ontario?
The average car insurance premium in Markham is $1,785 in 2023. Here are the average car insurance rates for some other cities in Ontario for comparison:
- Toronto: $2010
- Ottawa: $1,545
- Brampton: $2,798
- Hamilton: $1,852
- London: $1,551
- Windsor: $1,781
Which Cars Have the Cheapest Car Insurance in Markham?
Generally speaking, cars that are cheaper to repair and maintain, as well as those with good safety ratings, tend to have lower insurance rates.
Here is a list of some cars that may have cheaper insurance rates in Markham:
- Honda Civic – $1,421
- Toyota Corolla – $1,448
- Mazda3 – $1,413
- Hyundai Elantra – $1,411
- Nissan Sentra – $1,398
How to Get the Cheapest Car Insurance in Markham?
Here are some tips to help you get the cheapest car insurance in Markham:
- Shop around and compare rates: It’s always a good idea to get quotes from multiple insurance providers and compare rates to find the best deal.
- Increase your deductibles: A deductible is the amount of money you pay out of pocket before your insurance coverage kicks in. Increasing your deductible can lower your monthly premiums.
- Bundle your policies: Many insurance companies offer discounts if you bundle your car insurance with other policies, such as home or life insurance.
- Maintain a good driving record: Having a clean driving record with no accidents or tickets can help lower your insurance rates.
- Drive a safe car: Cars with good safety ratings and anti-theft features may qualify for lower insurance rates.
- Ask about discounts: Many insurance companies offer discounts for things like good grades (for student drivers), low mileage, and safety features on your car.
Markham Car Insurance Facts
Here are some facts about car insurance in Markham, Ontario:
- According to the Insurance Bureau of Canada, Markham has one of the highest car insurance rates in Ontario.
- The average car insurance rate in Markham is higher than the provincial average.
- Insurance rates in Markham can vary depending on a number of factors, such as the driver’s age, driving record, type of vehicle, and the area where they live.
- In general, it’s a good idea to shop around and compare car insurance quotes from different providers to find the best rate.
- Some car insurance providers may offer discounts for things like having a good driving record, taking a defensive driving course, or having anti-theft devices installed in your vehicle.
- It’s important to make sure that you have enough liability coverage in your car insurance policy to protect yourself in case of an accident. The minimum liability coverage required by law in Ontario may not be enough in some cases.
- In addition to liability coverage, you may also want to consider adding collision coverage and comprehensive coverage to your policy to protect against damage to your own vehicle.
List of Best Car Insurance Companies in Markham
Here are some of the best car insurance companies in Markham, along with brief descriptions and ratings from various sources:
- Belairdirect: Belairdirect is a direct-to-consumer insurance company that offers car insurance, home insurance, and other types of insurance products. They have an A+ rating from the Better Business Bureau.
- State Farm: State Farm is a well-known insurance company that offers a range of insurance products, including car insurance. They have an A+ rating from the Better Business Bureau and a 4.5-star rating on Google.
- Allstate: Allstate is another well-known insurance company that offers car insurance, home insurance, and other types of insurance products. They have an A+ rating from the Better Business Bureau and a 4-star rating on Google.
- TD Insurance: TD Insurance is a subsidiary of TD Bank that offers a range of insurance products, including car insurance. They have an A+ rating from the Better Business Bureau and a 3.7-star rating on Google.
- Aviva Canada: Aviva Canada is a large insurance company that offers a variety of insurance products, including car insurance. They have an A+ rating from the Better Business Bureau and a 3.7-star rating on Google.
- Co-operators: Co-operators is a Canadian insurance company that offers car insurance, home insurance, and other types of insurance products. They have an A+ rating from the Better Business Bureau and a 3.5-star rating on Google.
List of Best Car Insurance Brokers in Markham
Here are some of the best independent car insurance brokers in Markham, along with a brief description of each and their star rating on Google:
- Miles Insurance Agency Ltd. – They offer a range of insurance products, including car insurance, and are known for their personalized service. (4.7 stars)
- Oracle RMS Insurance Brokers – They have been in business for over 15 years and offer competitive rates on car insurance policies. (4.6 stars)
- Morison Insurance – They are a family-owned and operated business that has been providing insurance services for over 100 years. They offer a range of car insurance policies to suit different needs. (4.7 stars)
- SmartCoverage Insurance Services – They offer an online platform for customers to get quotes and purchase car insurance policies. They have a range of policies to choose from, including those for high-risk drivers. (4.6 stars)
Tips for Drivers in Markham
Here are some tips for drivers in Markham:
- Stay Alert: Always be alert when driving in Markham. Keep your eyes on the road, and avoid distractions such as texting or eating while driving.
- Watch Your Speed: Speed limits are in place for a reason. Always be aware of the speed limit in the area you are driving in and adjust your speed accordingly. Keep in mind that there are many school zones and residential areas with lower speed limits.
- Be Courteous: Markham has a diverse community, and being courteous to other drivers is important. Always use your turn signals and be patient when merging or changing lanes.
- Know the Rules of the Road: Familiarize yourself with the rules of the road in Markham, such as the right-of-way laws and the different types of intersections. This will help you avoid accidents and make your driving experience smoother.
- Plan Your Route: Before you start driving, plan your route ahead of time. Use a GPS or map to determine the best way to get to your destination, and avoid taking unfamiliar shortcuts that could lead to confusion or delay.
- Be Prepared for Winter Weather: Markham experiences harsh winter weather, so it’s important to be prepared. Make sure your vehicle is equipped with snow tires, and keep an emergency kit in your car that includes items such as blankets, a flashlight, and a shovel.
- Keep Your Vehicle in Good Condition: Regularly maintain your vehicle, including oil changes, tire rotations, and brake inspections. This will help prevent breakdowns and ensure your safety while driving in Markham.
- Use Public Transit: Consider using public transit to get around Markham, especially during peak traffic times or when travelling longer distances. The city has an extensive bus network and a commuter train service that can help you avoid traffic and reduce your environmental footprint.
What are the Most Dangerous Intersections in Markham?
According to the latest data available, here are some of the most dangerous intersections in Markham:
- Highway 7 and Warden Avenue: This intersection has been identified as one of the most dangerous in Markham due to the high volume of traffic and frequent accidents.
- Steeles Avenue East and Kennedy Road: This intersection has a high volume of traffic, including buses and trucks, which can contribute to accidents.
- Woodbine Avenue and 16th Avenue: This intersection has a high number of collisions, particularly during rush hour when traffic is heavy.
- Major Mackenzie Drive and Bayview Avenue: This intersection has a high volume of traffic, and drivers making left turns are particularly at risk of collisions.
- Highway 7 and Kennedy Road: This intersection has a high volume of traffic and frequent accidents, particularly during rush hour.
Total Reportable Collisions in Markham
According to the latest statistics available from York Region Police, the number of reportable collisions in Markham from 2013 to 2020 are as follows:
- 2013: 5,045
- 2014: 4,877
- 2015: 5,098
- 2016: 5,183
- 2017: 5,207
- 2018: 5,164
- 2019: 4,846
- 2020: 4,448
About the Author: Valerie D. Hahn
Valerie is an insurance editor, journalist, and business professional at RateLab. She has more than 15 years of experience in personal financial products. She strives to educate readers and ensure that they are properly protected.
