Markham is a city in the Regional Municipality of York, Ontario, Canada. It is located approximately 30 km northeast of downtown Toronto and is part of the Greater Toronto Area (GTA). Markham is the fourth-largest community within the GTA after Toronto, Mississauga, and Brampton, and is home to a diverse population of over 350,000 residents. The city is known for its high-tech industry, thriving business community, and cultural diversity.
Is car insurance cheaper in Markham versus Toronto?
In general, Markham may have lower car insurance rates compared to Toronto due to its relatively lower population density, less traffic congestion, and lower incidence of auto theft and accidents.
Here’s an example of the average annual car insurance cost for a driver in Markham and Toronto with a clean driving record, driving a 2018 Toyota Camry:
- Markham: $1,300 – $1,800 per year ($108 – $150 per month)
- Toronto: $1,800 – $2,400 per year ($150 – $200 per month)
Calculating and comparing Markham car insurance quotes
To calculate and compare car insurance quotes in Markham, Ontario, you can follow these steps:
- Determine your coverage needs: Before you start getting quotes, it’s important to determine the type and level of coverage you need. This can depend on several factors, including your budget, the value of your car, and your driving habits.
- Gather your information: To get accurate quotes, you’ll need to provide some basic information about yourself and your vehicle, including your age, driving record, type of car, and the level of coverage you need.
- Shop around: Get quotes from multiple insurance providers to compare prices and coverage options. You can do this by contacting insurance companies directly or by using online comparison tools.
- Compare quotes: Once you have multiple quotes, compare them based on the coverage options, deductibles, and premiums. Keep in mind that the cheapest quote may not always be the best option, as it may not provide enough coverage.
- Choose a provider: Once you’ve compared quotes and found a provider that offers the coverage you need at a reasonable price, you can purchase your policy and start driving with peace of mind.
What’s the average cost of car insurance in Markham per month and per year?
Based on the information available, here’s a rough estimate of the average annual cost of car insurance in Markham:
- For a driver with a clean driving record: $1,300 – $1,800 per year ($108 – $150 per month)
- For a driver with one at-fault accident: $1,800 – $2,400 per year ($150 – $200 per month)
- For a driver with a DUI conviction: $3,000 – $5,000 per year ($250 – $416 per month)
- For a young driver: $3,000 – $5,000 per year ($250 – $416 per month)
- For a driver with a sports car or luxury vehicle: $3,000 – $5,000 per year ($250 – $416 per month)
Here’s a table showing average car insurance costs in Markham for different driver profiles and car types:
| Driver Profile | Car Type | Annual Cost | Monthly Cost |
|---|---|---|---|
| Male, age 25, single, clean driving record | 2021 Honda Civic LX | $1,800 | $150 |
| Female, age 35, married, clean driving record | 2021 Toyota Camry LE | $1,500 | $125 |
| Male, age 45, married, one accident on record | 2021 Ford Escape SE | $2,200 | $183 |
| Female, age 55, single, one ticket on record | 2021 Hyundai Tucson Preferred | $1,900 | $158 |
| Male, age 65, married, two accidents on record | 2021 Honda Accord Sport | $3,500 | $292 |
Average car insurance costs in Markham for different driver profiles
here’s a table showing the average car insurance costs in Markham for different driver profiles:
| Driver Profile | Annual Cost | Monthly Cost |
|---|---|---|
| New Driver | $3,000 – $5,000 | $250 – $416 |
| Secondary Driver | $1,200 – $1,800 | $100 – $150 |
| G1 Driver | $5,000 – $7,000 | $416 – $583 |
| G2 Driver | $3,000 – $5,000 | $250 – $416 |
| Full G | $1,500 – $2,500 | $125 – $208 |
| Teenage Driver | $5,000 – $8,000 | $416 – $666 |
| Young Driver | $3,000 – $5,000 | $250 – $416 |
| High-risk Driver | $8,000 – $12,000 | $666 – $1,000 |
| 17 Years Old | $5,000 – $8,000 | $416 – $666 |
| Seniors (Over 55 Years Old) | $1,200 – $1,800 | $100 – $150 |
| Students | $2,500 – $4,500 | $208 – $375 |
| International Driver | $3,500 – $6,000 | $292 – $500 |
| Newcomers | $3,500 – $6,000 | $292 – $500 |
| Men Driver | $2,500 – $4,000 | $208 – $333 |
| Women Driver | $2,000 – $3,500 | $166 – $291 |
| Married Couples | $1,200 – $2,000 | $100 – $166 |
| Usage-Based | $1,500 – $3,000 | $125 – $250 |
| Uber | $5,000 – $8,000 | $416 – $666 |
Average car insurance costs in Markham for different types of cars
Here’s a table showing average car insurance costs in Markham for different types of cars:
| Car Type | Annual Cost | Monthly Cost |
|---|---|---|
| Sedan | $1,500 – $2,500 | $125 – $208 |
| Convertible | $2,500 – $4,000 | $208 – $333 |
| Hatchback | $1,800 – $3,000 | $150 – $250 |
| Wagon | $2,000 – $3,500 | $166 – $291 |
| Coupe | $2,500 – $4,000 | $208 – $333 |
| SUV | $1,800 – $3,000 | $150 – $250 |
| Truck | $2,000 – $3,500 | $166 – $291 |
| Minivans | $1,800 – $3,000 | $150 – $250 |
| Van | $2,000 – $3,500 | $166 – $291 |
| Electric Car | $2,500 – $4,000 | $208 – $333 |
| Hybrid Car | $2,000 – $3,500 | $166 – $291 |
| Multi Car | $1,200 – $2,500 | $100 – $208 |
| Exotic Car | $8,000 – $12,000 | $666 – $1,000 |
| Sports Car | $4,000 – $6,000 | $333 – $500 |
| Leased cars | $1,800 – $3,000 | $150 – $250 |
| 2 Door | $2,500 – $4,000 | $208 – $333 |
Average car insurance costs in Markham based on driving history
Here’s a table showing average car insurance costs in Markham based on driving history:
| Driving History | Annual Cost | Monthly Cost |
|---|---|---|
| Clean driving record | $1,500 – $2,500 | $125 – $208 |
| 1 at-fault accident | $2,500 – $4,000 | $208 – $333 |
| 1 non-fault accident | $1,800 – $3,000 | $150 – $250 |
| DUI conviction | $8,000 – $12,000 | $666 – $1,000 |
| 1 speeding ticket | $2,000 – $3,500 | $166 – $291 |
Which companies and brokers offer car insurance quotes in Markham?
Here are 20 companies and brokers that offer car insurance quotes in Markham:
- Allstate Insurance Company of Canada
- Aviva Canada
- Belairdirect
- BrokerLink
- CAA Insurance
- Desjardins Insurance
- DirectProtect Insurance
- Economical Insurance
- Johnson Insurance
- The Co-operators
- State Farm Insurance
- Intact Insurance
- OTIP (Ontario Teachers Insurance Plan)
- TD Insurance
- RBC Insurance
- Marsh Insurance
- Morison Insurance
- Oracle RMS Insurance
- McDougall Insurance
- Humberview Insurance
Please note that this is not an exhaustive list, and there may be other companies and brokers that offer car insurance in Markham. It’s recommended to research and compare quotes from multiple insurance providers to find the best coverage and rates for your needs.
About the Author: Robert Davis
