Getting Insured in Newmarket, Ontario

The town of Newmarket, Ontario is around 25 kilometres north of Toronto. There are over 87,000 residents living in the city. The public transportation needs of these residents are met by York Region Transit and GO Transit. York Region Transit operates the Viva Blue bus rapid transit system, and Go Transit provides commuter rail and bus services. For people who prefer to drive their own vehicles, Highways 404 and 400 connect Newmarket to other cities like Toronto and Barrie.

How Auto Insurance Works in Newmarket, Ontario

People who lease, drive or own vehicles in Newmarket are obligated by Ontario law to have auto insurance. When purchasing auto insurance, you can’t just walk into a store and ask for the policy that costs $3,000. Auto insurance doesn’t work like that – to figure out the price of your car insurance, your auto insurance representative will need to examine a variety of factors that will determine the rates you will be charged. The four categories that will determine your auto insurance rates include your personal profile, the amount of coverage you want to purchase, your deductible and the insurance company that you are working with.

Your Personal Profile

When evaluating your personal profile, the insurance representative will ask you the make, model and year of your car. The insurance representative will require you to provide them with a detailed driving record and an estimate of how much time you spend on the road. They’ll also want to know where you live and how old you are.

Although the Ontario government mandates the bare minimum coverage you can get away with, you can choose to increase your coverage limits. It is also up to you to determine how high or low you want your deductible to be. If you buy additional coverage or ask for a low deductible, your auto insurance payments will be higher.

Getting a Quote in Newmarket and Other Cities in Ontario

The last major factor in determining your rates is the auto insurance company you’re working with. You can present three different auto insurance companies with the exact same information and get three radically different quotes, so it’s really worth your while to shop around before making a final decision.