Car Insurance Broker Markham

Having a car in a big city like Markham is definitely beneficial. With busy roads and proximity to major highways, driving is the fastest and easiest way to get to your destination. You might be in the process of buying a new car right now, have recently bought a new car, or are looking to switch car insurance policies.

Purchasing car insurance is an important decision, and we want to ensure you make the right one. At Insurance Hero, our specialists work closely with every customer to help them find affordable rates that match their driving and coverage needs.

Do you need commercial auto insurance, collector and classic car insurance, or simply a standard car insurance policy? We offer several types of car insurance and can help personalize your package to fit exactly what you’re looking for. If you’re tired of paying high car insurance premiums but don’t want to lose the coverage you have, Insurance Hero has your back.

We partner with some of Canada’s leading insurance providers to help you compare the various car insurance policies available based on the information you provide. Once we do the hard work for you, all you have to do is choose which one you want. It’s really that simple!

Reach out to Insurance Hero using our online form or contact us at 1 (855) 777 4376.

What You Need to Know About Car Insurance in Markham

Car insurance is provided by private insurance companies. You can speak to an insurance provider directly or go through an insurance broker like Insurance Hero. Ontario law requires that all cars registered in Ontario have minimum mandatory car insurance. This usually includes coverage for accident benefits, injury to a third party, and car damages caused by someone else.

Finding the right car insurance policy is important because you’ll most likely have to pay a penalty if you switch or cancel your policy before it’s time to renew. Look at your specific driving needs and the type of car insurance you are buying. If you have a collector’s car or are a high-risk driver, you might have to purchase a different car insurance policy to ensure you get the right coverage for your vehicle. If you drive a lot throughout the year and use your car as a commuting vehicle, you might also want to have higher insurance coverage compared to someone who doesn’t use as much mileage.

It’s also important to set the right deductible. A higher deductible will reduce your premium, but you will have to pay more out of pocket in the event of an accident. If you have a clean driving record, you may consider choosing a higher deductible to reduce money spent on your insurance premium.

Types of Car Insurance Coverage

There are both mandatory and optional coverage types that drivers can choose from.

According to Ontario law, drivers should carry mandatory insurance coverage of:

  • Third-party liability coverage of a minimum of $200,000.
  • Accident benefits to recover from collision injuries.
  • Uninsured motorist coverage of minimum $200,000 for accidents by an uninsured driver.
  • Direct compensation coverage for damages if someone else is at fault.

You can also purchase additional car insurance coverage:

  • Collision: Covers damages to your vehicle caused by a collision with another object.
  • Comprehensive: Includes all damages except for collision and theft by someone that lives with you or repairs your car.
  • Specified perils: Covers damages to your vehicle caused by only the perils outlined in your insurance policy.
  • All perils: Covers all perils that damage your vehicle, including theft by someone in your house or you hired to drive your car.

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What types of auto insurance are offered in Markham?

In addition to the mandatory car insurance that every registered vehicle in Ontario must have, you can also choose between additional options and endorsements. These additional options and endorsements provide additional coverage and higher insurance limits.

Insurance Hero also provides several types of car insurance depending on what you need. Here are the options available:

  • Standard car insurance
  • High-risk car insurance
  • Collector and classic car insurance
  • Young drivers car insurance
  • Usage based car insurance
  • Commercial auto insurance
  • Ride sharing and Uber car insurance

How do Markham car insurance rates compare to other cities in Ontario?

Drivers in Markham can most likely expect to pay higher than average car insurance rates. Car insurance premiums average around $2,100, which is significantly higher than the provincial average and on par with what drivers in neighboring areas pay each year.

Here are some cities with similar car insurance rates:

  • Mississauga
  • Toronto
  • Richmond Hill
  • Aurora
  • Ajax

Here are some cities with cheaper car insurance rates:

  • Pickering
  • Barrie
  • Oshawa
  • Ottawa
  • London

What are the factors that affect auto insurance in Markham?

Here are some of the major factors that determine your car insurance rates in Markham:

  • Address
  • Age
  • Driving history
  • Insurance History
  • Credit score
  • Car make, model, and year
  • Marital status

Is it possible to lower the cost of your car insurance in Markham?

Here are common ways to lower your auto insurance premium:

  • Maintain a clean driving record
  • Install winter tires each year
  • Take driving lessons
  • Bundle your insurance plans
  • Increase the security of your car (i.e., anti-theft devices and alarms)
  • Ask for discounts (i.e., student driver, senior driver, and long-time customer)

Is using a Markham insurance broker a better way to save?

Using an insurance broker can definitely help you find more affordable car insurance rates from some of Canada’s leading car insurance providers. We take your information to find car insurance policies that fit your needs and present you with the best options available. You can easily compare rates and policy details to find a plan that works for your coverage needs and budget.

Ready to start saving on car insurance? Contact Insurance Hero today!

Get a Car Insurance Quote Today

If you want affordable car insurance in Markham, you’re in the right place. Fill out this form with your information, such as name, age, vehicle, driving history, and insurance record. We’ll do the hard work, so you can easily avoid paying high premiums without compromising on your coverage!