Car Insurance in Newmarket

Interesting statistics about car insurance in Newmarket

The following facts were compiled from Kanetix users:

• The average yearly price of vehicle insurance in Newmarket for drivers who have had one or more tickets within the past 6 years: $2674

• The average yearly price of vehicle insurance in Newmarket for drivers who have had one or more accidents within the past 6 years : $2902

• The percentage of people in Newmarket who lease their vehicle: 13.78%

• The percentage of people in Newmarket who have had one or more licence suspensions within the last 6 years: 1.22%

• The average yearly price of vehicle insurance in Newmarket, for drivers who lease: $2147

Newmarket car insurance information

The town of Newmarket, with a population of approximately 65,750, is located 45 km north of Toronto, Ontario, Canada. The main river in Newmarket is the East Holland River which flows north, draining into Lake Simcoe. The direction of the river's flow is due to the fact that the town lies north of the Oak Ridges Moraine. The river system was originally slated to become an inland port and locks were built on the river but the plan was cancelled in the early part of the 20th Century.

Newmarket is characterized by hills and then the land drops off suddenly, as you head northward into the Holland Marsh. The town lies just south of the Algonquin Shoreline which means it was on the edge of the proglacial lake of the same name from the last ice age. As such the land was formed from glacial deposits made as the ice retreated. These deposits of sand and gravel however are not readily visible here, as they are too deeply buried.

The town was first settled in 1801 by Quakers. In 1908, Pickering College moved here and is a Quaker founded independent school. The name of the town came from the great number of goods produced by the local mills and was dubbed the "New Market" vs. the "Old Market" which was Toronto.

Today, Newmarket is in a suburban growth phase which is fueled primarily by the need for affordable housing for Toronto workers. Famous people who came from or live in Newmarket apparently include: Ben Johnson, Jim Carrey, members of the rock band Glass Tiger, Elvis Stojko, and Jamie Macoun.

Newmarket has a relatively smaller population relative to places like Hamilton or Winnipeg which can be a good thing when it comes to vehicle insurance. Insurance companies say that when there are fewer drivers, often, there are fewer accidents. This can mean lower car insurance premiums relative to larger centers. We here at Kanetix would like to help you to shop for your car insurance in Newmarket. We can offer you, free of charge, personalized auto insurance quotes from the top insurance companies from across Canada. If you are interested in finding the best Ontario car insurance, enter your postal code now and get your quotes.

*60% of Kanetix customers in Ontario who participated in the survey said Kanetix helped them identify an average savings amount of $776.58 (December 1, 2015 - February 29, 2016) on their car insurance. The cited amount represents the average difference between the best quote obtained at www.kanetix.ca and the current premium amount of participants in the survey. The savings amount varies by individual and does not constitute a guarantee; in each individual case, the difference may be smaller or greater than the savings amount cited.

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