Markham Car Insurance: Get Cheap Auto Insurance Quotes

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Written by Nolan Wilson Updated on June 12, 2025 min read

Save with Markham's best auto insurance rates

Shopping for a better rate on car insurance in Markham? Car insurance rates in the city of Markham are some of the highest in the province. Drivers regularly pay more than the provincial average, and rates continue to climb. You live in a region known for higher than normal auto insurance premiums. But we can help change this.

With ThinkInsure, you can quickly compare quotes for car insurance in Markham to find a better rate. We are partners with the leading insurance companies in Canada which means we can help you save. Let us shop and compare the best rates for auto insurance in Markham. Get started online or give us a call and speak with one of our insurance advisors for a quote. You don't need to overpay for your auto insurance.

Key takeaways about car insurance in Markham

Markham car insurance premiums in 2025 are $2,331.
For some Markham drivers, auto insurance rates have remained unchanged since last year.
Even though rates are higher than the provincial average, they are similar to other cities in the GTA.

How to get car insurance quotes in Markham

Comparing quotes and finding a lower rate is easy!

1) Start your quote

Enter your postal code to get started.

2) Enter your driving details

Provide us with some basic personal, driving, and vehicle information.

3) Compare your quotes

Calculate the lowest rates from the top insurance companies.

Choose your policy

Choose the best price. Confirm the details with our experts and get insured.

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We’ve got 5 star auto insurance in Markham

Rated 4.7 out of 5 stars in 1507 Google reviews

We help drivers in Markham find better auto insurance rates and coverage.

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Carla Keown

2025-05-04

Besty was incredibly kind and helpful during a stressful time. I had no idea that a handheld ticket would result in my insurance company dropping me. It was a year after the ticket that I was informed of this so I was shocked and stressed. Besty assured me that we had time to figure out a solution and she worked around my busy schedule to find me the best insurance products to suit my situation. Besty is a 10/10 recommend!!!

e t

2025-05-01

I cannot say enough great things about Todd A! From start to finish, he provided an exceptional customer experience that truly stood out. Not only was he incredibly knowledgeable and efficient, but his kindness and cheerful attitude made the process smooth and absolutely stress-free. What could have been overwhelming was instead seamless and easy, thanks to his reassuring guidance and expertise. He was always quick to respond, informative, and genuinely invested in ensuring I got the best coverage for my needs—all while making sure I felt comfortable and confident every step of the way. His level of professionalism and warmth turned what could have been a daunting task into an absolute pleasure. If you're looking for someone who goes above and beyond to provide top-tier customer service, look no further than Todd A at ThinkInsure. Thank you for making this experience effortless and enjoyable, you made this all happen for me!

Carl Cronkhite

2025-04-24

I highly recommend ThinkInsure when looking for Insurance, Betsy Bannon was a huge help! As a high risk driver it was very difficult to find a premium i could afford and only had a few weeks to do so. I contacted ThinkInsure and Betsy was able to explain everything and find me a great policy right away. Thank you Betsy!

Keira Busby

2025-04-17

very friendly and willing to help anyway they can! great experience all way round.

Dharma Buyse

2025-04-17

Betsy Bannon was so helpful! I was insuring my new truck with my first personal policy and after one broker went mia on my calls she picked up, although from commercial department, and still handled everything for me within 24 hours! Also she pointed out that previously the drivers history was forgotten about in the prior list of documents that was requested from me. Definitely knows exactly what she’s doing and works great winging it in a different department than her specialty! I’m a high risk driver for one more year, unfortunately (did not follow cops advisory to fight distracted ticket while checking directions at a red) but she found the best quote for me, and revised this last minuite to find one that further accepted my 8year claim free policy on a commercial registered insurance. She was friendly, prompt to reply, patient, personable, and very knowledgeable. Finding insurance with one more year of this record has been discouraging as a now overly cautious driver, but she made it as seamless as possible

Quentin Chiotti

2025-04-16

Fast, seamless, and efficient. Betsy Bannon was great to work with. Thanks ThinkInsure.

Csaba Deac

2025-04-11

Special Thanks to Betsy Bannon. If you need business insurance , highly recommend her

Kelly Bouchard

2025-04-10

Sohel is amazing!! He responded so quickly and went out of his way to accommodate me. There were a few things I didn’t quite understand and he took the time to explain and reassure me that everything was properly covered. His follow up is so good! I highly recommend his service and expertise. He does all the research and comparisons for you to save you a lot of money! I can’t believe how much I was overpaying with my long time providers. Thanks Sohel!!

What type of auto insurance is available in Markham?

cars driving on Highway 407 near Markham, Ontario

You need insurance to drive. It's a legal requirement. All drivers in Markham must have the same minimum car insurance coverage as the rest of the province. You can get this from many insurance companies using our brokers. Here’s an outline of mandatory and optional coverage options:

Mandatory coverage for Markham drivers

All drivers must meet minimum insurance requirements. They are:

Third party liability: $200,000 in coverage is the minimum requirement. Most drivers have between $1 and $2 million in protection.
Statutory accident benefits: Medical benefits if you or your passengers are hurt in a crash.
Uninsured automobile coverage: Covers medical and vehicle repair costs if an uninsured motorist hits you.

This is the basic amount of insurance you can have. Most drivers have more coverage and personalize their plans to meet their specific driving requirements.

Direct compensation property damage covers accident damage when you are not at fault. As of January 1, 2024, DCPD will no longer be legally required. You can opt out of this coverage using OPCF 49.

Optional coverage to personalize your policy

You have the choice to increase liability limits and add other optional coverage such as:

Collision insurance: Ensure your vehicle is protected if you are in a crash.
Comprehensive insurance: Protect your vehicle against non-accident related perils such as falling objects, theft, and vandalism.
Specified perils insurance: Covers loss for perils listed in your plan (fire, theft, weather damage, etc.)
All perils insurance: Protects you against all perils unless they are listed as an exclusion in your plan.

Additionally, you can add Insurance endorsements to enhance and alter your policy. Keep in mind that more protection will increase your rate.

Learn more about how insurance works on our Ontario car insurance page.

Expert car insurance advice for Markham drivers

To prevent a single mistake from raising your car insurance premiums, consider Accident Forgiveness. This optional endorsement can protect your rates after your first at-fault accident. It's especially beneficial for drivers with good records who want to keep their current rates, as it essentially forgives the first incident.

Anuraag Jassal

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How do I get cheap auto insurance premiums in Markham?

There are steps you can take to get a lower rate. Here are some tips to get cheap car insurance in Markham :

Be a discount shopper: There are many insurance discounts available. Ask your insurer to find you more savings.
Choose your vehicle wisely: Some cars are costly to insure, and others are not. Check out our list of the cheapest cars to insure.
Drive safely: Avoid accidents and claims that will increase your rates.
Bundle and save: Combine all your car and home insurance under a single policy. Compare your options and get immediate savings.
Do an annual comparison: Your policy renews once per year. Use this time to shop around and find the lowest premiums.

Recent Markham auto insurance quotes

2025/06/06

Auto insurance shopper in MARKHAM, ON
Vehicle: CHEVROLET CAMARO LT 2DR 2023
Aviva Journey	$2,422
Aviva	$2,690
Intact	$3,078
Pembridge	$3,183
Savings from top 4 lowest quotes	$761

2025/06/05

Auto insurance shopper in MARKHAM, ON
Vehicle: mazda MAZDA3 GS i-ACTIV 4DR AWD 2025
Intact	$2,384
Aviva Journey	$2,858
Wawanesa	$3,062
Aviva	$3,175
Savings from top 4 lowest quotes	$791

2025/05/31

Auto insurance shopper in MARKHAM, ON
Vehicle: honda CR-V EX-L 4DR AWD 2018
Aviva Journey	$2,152
Pembridge	$2,160
SGI Canada	$2,338
Aviva	$2,387
Savings from top 4 lowest quotes	$235

2025/05/30

Auto insurance shopper in MARKHAM, ON
Vehicle: MAZDA MAZDA3 i 4DR 2006
CAA My Pace	$1,805
Pembridge	$1,864
Intact	$2,067
CAA Connect	$2,098
Savings from top 4 lowest quotes	$293

How much does car insurance cost in Markham?

Drivers in Markham pay higher than average car insurance rates. You can expect to pay approximately $2,331 annually for car insurance in the Markham area. Many drivers pay more than this if they have a ticket or accident on their driving record. Consider using a broker to compare quotes to keep your costs in check. Consider using a broker to compare quotes if you want to keep your costs in check.

Here’s a breakdown of how much you can expect to pay:

Annually: $2,331
Semi-annually: $1,165.50
Quarterly: $582.75
Monthly: $194.25
Weekly: $44.82
Daily: $6.39

Rates are based on ThinkInsure customer quote data for Q1 2025 (Jan 1 to March 15, 2025).

Markham car insurance premium maps

How does Markham stack up against other cities? Costs are similar to Toronto car insurance rates and other GTA cities.

Average Markham car insurance rate compared to other Ontario cities info graphic

Sources: *
FSRAO

Markham car insurance rates from 2019-2025

Have you seen your insurance costs increase in 2025? Insurance rates are in a constant state of flux, changing frequently based on insurers' assessment of data related to claims, repair costs, accidents, and various other factors. Your driving record and potential eligibility for supplementary discounts also play a role in these rate adjustments. Below, you can see the changes in premiums by year in Markham. They’ve increased quite a bit over the past 3 years:

Year	Average annual premium
2025	$2,331
2024	$2,341
2023	$1,965
2022	$1,785
2021	$2,159
2020	$2,523
2019	$2,344
Average rate (2019-25)	$2,207

ThinkInsure Tip : Don’t over-insure your vehicle

Do you have too much auto insurance coverage? For some drivers, maxing out on coverage doesn't make sense, and it's costing them money. Speak with a broker to assess your coverage needs and ensure it matches your driving habits.

Markham auto insurance premiums by driver type

Your auto insurance premiums are affected by your driver classification. Factors like age, demographics, licence, and driving record are considered by insurers to calculate your payments. To understand the impact of these factors on your premiums, we analyzed our Markham customer quote data. Here are our findings:

	Premium	Monthly	Difference
Driver type
All drivers	$2,331	$194	0
Young drivers (25 and under)	$2,901	$242	24.45%
Middle age (25 - 50)	$2,486	$207	6.65%
Mature/senior drivers (50+)	$2,234	$186	-4.16%
High risk drivers	$9,308	$776	299.31%
Demographics
Male	$2,446	$204	4.93%
Female	$2,247	$187	-3.60%
Married	$2,387	$199	2.40%
Single	$2,487	$207	6.69%
Driving record
Clean driving record	$2,331	$194	0.00%
1 ticket within the past 3 years	$2,502	$209	7.34%
1 accident in 3 years	$3,119	$260	33.81%
1 cancellation in 3 years	$3,427	$286	47.02%
1 suspension in 3 years	$3,425	$285	46.93%

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Save more with a multi-car insurance policy in Markham

Insuring multiple vehicles with the same provider can lead to cost savings. Our data indicates that customers in Markham, for example, save an average of $446 per vehicle by using a multi-vehicle policy.

	Average rate	Average rate per vehicle	Total savings	Savings per vehicle
1 car	$2,331	$2,331
2 cars	$2,877	$1,439	$892	$446

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Markham insurance rates compared to local cities nearby

Markham is the second most expensive city in the region for car insurance. Here’s a comparison:

City	Avg premium
Markham	$2,331
Richmond Hill	$2,417
Toronto	$2,246
Ajax	$2,039
Oshawa	$2,335
Pickering	$1,992
Newmarket	$2,065
Uxbridge	$2,168

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What areas in Markham have lower car insurance rates?

Where you reside within a city can affect the amount you pay for insurance. In Markham, postal codes could result in differences of several hundred dollars per year. So, if you intend to move, this is an important factor to consider. Take a look at how the different postal codes affect your premiums:

Area in City of Markham	Postal Codes	Avg Premium
Box Grove, Vinegar Hill	L3S	$2,233
Downtown Markham across to Highway 7 and 8	L6C	$2,944
Central Markham	L3P	$2,391
Southwest Markham	L3R	$2,390
Southeast Markham	L3S	$2,233
East Markham	L6B	$2,112
Northwest Markham	L6C	$1,734
Northeast Markham	L6E	$2,705
Locust Hill	L0H	$1,246
Thornhill	L3T	$2,260
Unionville	L6G	$1,492

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Markham car insurance premiums by vehicle brand

There are dozens of car brands to choose from. The one you select will have a direct impact on your insurance premiums. Below, we outline the premiums based on car brand, based on Markham customer data:

Vehicle brand	Premium	Monthly payment
All brands	$2,331	$194
Honda	$2,413	$201
Toyota	$2,056	$171
Hyundai	$2,266	$189
Chevrolet	$2,338	$195
RAM	$1,400	$117
Dodge	$1,400	$117
Subaru	$1,739	$145
Mazda	$2,174	$181
Nissan	$1,907	$159
Volkswagen	$1,660	$138
Mercedes	$2,236	$186
Tesla	$3,142	$262
Audi	$1,463	$122
Lexus	$2,267	$189

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Markham car insurance FAQs

How does getting online car insurance quotes in Markham work?

Getting a car insurance quote in Markham with ThinkInsure is simple. You can get a quote online through our website. Simply enter your information to see multiple car insurance quotes. We’ll help you find the best insurance company to serve your needs. You assess your options and choose the lowest rate to save money. Or if you prefer, call us to get a quote over the phone.

Why is car insurance so expensive in Markham?

There are many reasons why car insurance can be expensive in Markham. Insurers factor in increased traffic volume, accidents, theft and fraud, and proximity to major highways when assessing risk and determining rates.

Does ThinkInsure offer all types of auto insurance in Markham?

You bet! We can help you get coverage for all types of vehicles (cars, trucks, SUVs, sports cars) and can get you auto insurance for all your driving needs in Markham. Whether you are a new driver, a senior, drive a classic car, or need high-risk auto insurance, we can help you get insured and save.

Does ThinkInsure partner with the best car insurance companies in Markham?

Yes. We work with the top car insurance companies in Markham. From Aviva to CAA, Intact, Wawanesa, Travelers, and more, we can help you get coverage from industry-leading providers. Comparing policy options from our large selection of providers allows you to get personalized coverage for the lowest price.

About Markham and auto insurance

Driving safely and staying crash-free is even more important in Markham considering how expensive car insurance is in the region. The city experiences the same congestion, road construction, and delays as other areas in the GTA. Keeping your focus on the road and shopping the market for auto insurance is paramount to getting lower premiums in Markham.

Here is some important information about driving in the city and the surrounding area:

Highways

Highway 404
Highway 7

Public transit

York Regional Transit (YRT)
Go Transit

Toll roads

407 ETR

Ride-sharing

Uber

Road trips

Cook's Bay
Prince Edward County
Lake Simcoe
Port Perry
Mount St. Louis Moonstone

Parking

City of Markham
Impark

Top attractions

Toogood Park
Rouge National Urban Park
Milne Damn Conservation Park
Pacific Mall
Reesor Farm Market

Busiest intersections

Woodbine Ave and Highway 7
Woodbine Ave and Steelcase Road
Highway 7 and McCowan Road
Kennedy Road and 14th Avenue
Highway 7 and Warden Ave

Airports

Buttonville Municipal Airport

Why are Markham car insurance premiums higher than normal?

With a population of over 360,000, Markham is the largest of nine municipalities in the York Region. It is the seventh-largest municipality in Ontario. It covers 211.5 hectares and is bounded by Steeles Avenue to the south. The northern boundary includes Highway 7 from Yonge Street east to Highway 404 and a line between 19th Avenue and Stouffville Road running west to Highway 404. The eastern boundary is the York-Durham line.

Here are some interesting facts about the region that can influence your car insurance costs and needs:

Highway 7 and Kennedy Road are two of the busiest roads in the city. More than 60,000 drivers use the road daily.
Major highways passing through the city include Highway 404, which runs from Toronto to the north of Newmarket, and Highway 407, which connects it with Vaughan, Brampton, and Burlington.
According to the 2021 Census, 77,820 people drive or are passengers in a car on their commute to work.
The average commute is 29.7 minutes for drivers, according to 2021 Census data.
4,000 vehicles were stolen in 2023, with about 50% being recovered, according to York Regional Police.
There were 11,902 reported collisions in 2022.

Tips for driving in Markham

How you drive can greatly impact how much you pay for your auto insurance. We’ve put together a list of tips to help you drive safely in and around Markham:

Avoid Highway 7 if possible: This is one of the busiest roads in the city, and several intersections along it are known for traffic congestion and accidents. Choose an alternative route if you can.
Get a transponder: Using the Highway 407 toll road can save you a lot of time on your commute. Get a transponder to save on the costs of using the toll road.
Drive during off-peak hours: If possible, drive during off-peak hours. This can help you spend significantly less time on the road and avoid being involved in an accident that increases your insurance.
Check road conditions before driving: You never know what you will encounter each day. Check the traffic report for construction, collisions, and traffic delays.

Start saving on Markham car insurance today

Drivers in Markham can follow a simple step to get the best auto insurance - compare quotes and save. It can be that easy. Speak with our insurance experts today to find great rates from the top insurers in the province. Get started by doing a quote online or give us a call.

Get Quotes

Sources

* Based on the difference between the average lowest premium and the overall average premium in Markham for estimates completed from January 1 to March 31, 2025, for drivers with a clean driving record.

** Estimated prices are based on data entered by drivers from 2019-2025 with a clean driving record living in Markham on ThinkInsure.ca.

*** Estimated premiums are based on data entered by individuals on ThinkInsure.ca from January 1, 2025, to March 31, 2025.

Nolan Wilson

Content Marketing Manager

Nolan is a content marketing manager and writer at ThinkInsure. He has 15+ years of experience in the insurance industry, working with brokerages and direct insurers to create compelling insurance content, specializing in auto, home, and commercial.

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