Compare the Cost of BMW 1 Series Insurance by Model Year and Company


Updated: October 3, 2024

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Your age plays a role in how much you pay to insure a BMW 1 Series. For full coverage, a 16-year-old pays an average of $6,108 annually to insure a 2009 model, and the cost drops to $1,314 for a 40-year-old. For a 2022 model, 16-year-olds pay around $8,765, while 40-year-olds pay roughly $1,932.

We selected the best insurance providers after accounting for costs, customer service and claims management.

MoneyGeek Logo IconCar Insurance CostsBMW 1 Series
2024

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a BMW 1 Series.

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These rates were updated to reflect the average cost of car insurance for a BMW 1 Series as of 2023.

10Companies Compared
 
41,832 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a BMW 1 Series

While the average cost of a full coverage policy for a BMW 1 Series is $1,725 per year, the company you select impacts your rate. State Farm charges an average of $1,318 per year, making it the cheapest car insurance company. Farmers is the most expensive, charging an average of $2,116 annually.

When it comes to minimum coverage policies, State Farm is the cheapest, at $475 per year. The most expensive is Farmers, charging $706.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,318
GEICOAverage Annual Premium$1,366
TravelersAverage Annual Premium$1,502
NationwideAverage Annual Premium$1,537
AllstateAverage Annual Premium$1,884
ProgressiveAverage Annual Premium$1,957
FarmersAverage Annual Premium$2,116

Is a BMW 1 Series Expensive to Insure?

Insurance companies look at different variables to determine the cost of insuring a BMW 1 Series. Despite the fact that BMW is known for its luxury vehicles, insuring a BMW 1 Series car is moderately expensive. Some models are more expensive to insure than others because of factors like a vehicle’s cost, repair costs and theft rates.

Best Companies for Insuring a BMW 1 Series

Buying an auto insurance policy requires looking at more than just the cost because factors like customer service and claims management also require your attention. The best car insurance companies for BMW 1 Series vehicles needing full coverage are:

  • State Farm: MoneyGeek score 90 out of 100 ($1,318 per year)
  • GEICO: MoneyGeek score 89 out of 100 ($1,366 per year)

State Farm provides the cheapest insurance for BMW 1 Series vehicles. It also offers excellent customer satisfaction.

MoneyGeek Top Pick: State Farm

State Farm

pros

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Provides the cheapest insurance for the BMW 1 Series

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Excellent customer satisfaction score

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Offers roadside assistance and rental car/travel reimbursement

cons

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Does not provide accident forgiveness and new car replacement

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Low coverage and claims management scores

COMPANY HIGHLIGHTS

State Farm ranks well in affordability and customer satisfaction for the BMW 1 Series but offers very basic coverages. Rental car and/or travel reimbursement is in place to cover car rental and travel expenses up to a predetermined limit if your car needs repairs due to an accident. It also includes a $500 repayment of deductible in case you get into an accident in a rental car.

Roadside assistance covers charges you pay for mechanical labor during the first hour after a breakdown, towing costs, locksmith costs, change of tires and delivery of battery, oil or gas.

State Farm does rank lower in terms of claims management and coverage options. It does make up for these shortcomings by providing a variety of discount options to help policyholders lower their premiums.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

GEICO

pros

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Affordable rates

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Great customer satisfaction

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Offers mechanical breakdown insurance, roadside assistance and rental car/travel reimbursement

cons

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Does not offer gap insurance and new car replacement

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Coverage and claims management scores could be higher

COMPANY HIGHLIGHTS

While GEICO provides affordable insurance for BMW 1 Series car owners, the coverage it offers leaves room for improvement. The company’s mechanical breakdown insurance (MBI) offers coverage for all parts and systems of a BMW 1 Series vehicle, and not just ones that most dealer warranties cover. It applies to new cars as well as leased cars that are up to 15 months old and have covered less than 15,000 miles.

Rental car and/or travel reimbursement covers the cost of a rental vehicle up to a predetermined limit if you cannot use your car for over 24 hours owing to a covered accident. Roadside assistance might come in handy if you have a flat tire or a battery that needs a jump start, if you lock yourself outside of your car or in case you need towing services.

Read MoneyGeek's GEICO Auto Insurance Review

Cost of Insuring a BMW 1 Series by Model Year

The average cost of car insurance can vary significantly depending on model years. The average cost of a full coverage policy for a 2009 model BMW 1 Series car is $1,314. It increases to $1,932 for a 2022 model. Newer models are more expensive to insure because a car’s value typically depreciates over time.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
2022Average Annual Premium$1,932
2021Average Annual Premium$1,895
2020Average Annual Premium$1,872
2019Average Annual Premium$1,901
2018Average Annual Premium$1,904
2017Average Annual Premium$1,829
2016Average Annual Premium$1,805
2015Average Annual Premium$1,756
2014Average Annual Premium$1,606
2013Average Annual Premium$1,509
2012Average Annual Premium$1,385
2011Average Annual Premium$1,335
2010Average Annual Premium$1,337
2009Average Annual Premium$1,314

BMW 1 Series insurance rates will also vary based on the model and the insurance company you select. State Farm has the lowest average rate for a 2009 model at $964 per year. GEICO offers the cheapest insurance for a 2022 model, charging an average of $1,314 per year.

Data filtered by:Results filtered by:
Model Year:
Model Year:2022
Age:
Age:40
Coverage:
Coverage:Full Coverage
GEICOAverage Annual Premium$1,314
NationwideAverage Annual Premium$1,450
State FarmAverage Annual Premium$1,560
TravelersAverage Annual Premium$1,904
ProgressiveAverage Annual Premium$2,301
FarmersAverage Annual Premium$2,390
AllstateAverage Annual Premium$2,643

Cost of Insuring a BMW 1 Series for 16- to 25-Year-Olds

While insurance companies account for a car’s model, they also factor in age. Car insurance for teens and young drivers is typically more expensive than for older adults. The average BMW 1 Series insurance cost for 16-year-olds with a full coverage policy is a staggering $7,616, and it drops to $1,670 for a 40-year-old. Insurance costs decrease as teens get older, but this levels off once they reach their 20s.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
16Average Annual Premium$7,616
17Average Annual Premium$6,206
18Average Annual Premium$5,492
19Average Annual Premium$3,812
20Average Annual Premium$3,467
21Average Annual Premium$2,676
22Average Annual Premium$2,479
23Average Annual Premium$2,308
24Average Annual Premium$2,195
25Average Annual Premium$1,972

The most affordable way for teens to get insurance for BMW 1 Series vehicles is to become a part of a family plan since individual plans are more expensive. Teens under 18 might also need a guardian’s permission to get coverage. State Farm provides the cheapest insurance for a 16-year-old needing full coverage for a 2022 model, with an average cost of $5,068 per year. Progressive is the most expensive, at $13,289 per year.

Teens and their families should consider shopping around to determine which insurance company might work best for them.

Data filtered by:Results filtered by:
Age:
Age:16
Model Year:
Model Year:2022
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$5,068
NationwideAverage Annual Premium$5,765
GEICOAverage Annual Premium$6,057
TravelersAverage Annual Premium$8,009
AllstateAverage Annual Premium$11,290
FarmersAverage Annual Premium$11,722
ProgressiveAverage Annual Premium$13,289

How Does Location Affect the Cost of BMW 1 Series Insurance?

While your age, the age of your BMW 1 Series car and its model type have a bearing on how much you need to pay for insurance, so does the state in which you reside. This means the company that provides the cheapest insurance for a BMW 1 Series vehicle may change based on your location.

Idaho holds the distinction of offering the cheapest full coverage car insurance and Florida is the most expensive. When you’re looking for a new auto insurance policy, identifying the most affordable companies is important so you may then get quotes from them.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AlabamaCheapest CompanyNationwideAnnual Premium$709Monthly Premium$59
AlaskaCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
ArizonaCheapest CompanyRoot Insurance CompanyAnnual Premium$682Monthly Premium$57
ArkansasCheapest CompanyState FarmAnnual Premium$629Monthly Premium$52
CaliforniaCheapest CompanyAAA CaliforniaAnnual Premium$1,001Monthly Premium$83
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$541Monthly Premium$45
ConnecticutCheapest CompanyGEICOAnnual Premium$693Monthly Premium$58
DelawareCheapest CompanyState FarmAnnual Premium$881Monthly Premium$73
District of ColumbiaCheapest CompanyGEICOAnnual Premium$662Monthly Premium$55
FloridaCheapest CompanyState FarmAnnual Premium$1,058Monthly Premium$88
GeorgiaCheapest CompanyCountry FinancialAnnual Premium$665Monthly Premium$55
HawaiiCheapest CompanyGEICOAnnual Premium$565Monthly Premium$47
IdahoCheapest CompanyAmerican National P&CAnnual Premium$299Monthly Premium$25
IllinoisCheapest CompanyCountry FinancialAnnual Premium$663Monthly Premium$55
IndianaCheapest CompanyAmerican FamilyAnnual Premium$555Monthly Premium$46
IowaCheapest CompanyState FarmAnnual Premium$509Monthly Premium$42
KansasCheapest CompanyNationwideAnnual Premium$670Monthly Premium$56
KentuckyCheapest CompanyNationwideAnnual Premium$790Monthly Premium$66
LouisianaCheapest CompanyLouisiana Farm BureauAnnual Premium$1,048Monthly Premium$87
MaineCheapest CompanyConcord GroupAnnual Premium$521Monthly Premium$43
MarylandCheapest CompanyProgressiveAnnual Premium$938Monthly Premium$78
MassachusettsCheapest CompanyState FarmAnnual Premium$483Monthly Premium$40
MichiganCheapest CompanyGEICOAnnual Premium$898Monthly Premium$75
MinnesotaCheapest CompanyState FarmAnnual Premium$797Monthly Premium$66
MississippiCheapest CompanyDirect General InsuranceAnnual Premium$723Monthly Premium$60
MissouriCheapest CompanyNationwideAnnual Premium$909Monthly Premium$76
MontanaCheapest CompanyProgressiveAnnual Premium$437Monthly Premium$36
NebraskaCheapest CompanyAmerican National P&CAnnual Premium$405Monthly Premium$34
NevadaCheapest CompanyCSAAAnnual Premium$940Monthly Premium$78
New HampshireCheapest CompanyState FarmAnnual Premium$540Monthly Premium$45
New JerseyCheapest CompanyPlymouth Rock AssuranceAnnual Premium$895Monthly Premium$75
New MexicoCheapest CompanyState FarmAnnual Premium$644Monthly Premium$54
New YorkCheapest CompanyKemperAnnual Premium$781Monthly Premium$65
North CarolinaCheapest CompanyErieAnnual Premium$630Monthly Premium$52
North DakotaCheapest CompanyAmerican FamilyAnnual Premium$616Monthly Premium$51
OhioCheapest CompanyNationwideAnnual Premium$485Monthly Premium$40
OklahomaCheapest CompanyState FarmAnnual Premium$662Monthly Premium$55
OregonCheapest CompanyState FarmAnnual Premium$706Monthly Premium$59
PennsylvaniaCheapest CompanyNationwideAnnual Premium$580Monthly Premium$48
Rhode IslandCheapest CompanyState FarmAnnual Premium$700Monthly Premium$58
South CarolinaCheapest CompanyAmerican National P&CAnnual Premium$463Monthly Premium$39
South DakotaCheapest CompanyAllstateAnnual Premium$746Monthly Premium$62
TennesseeCheapest CompanyState FarmAnnual Premium$579Monthly Premium$48
TexasCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
UtahCheapest CompanyNationwideAnnual Premium$725Monthly Premium$60
VermontCheapest CompanyState FarmAnnual Premium$493Monthly Premium$41
VirginiaCheapest CompanyAmerican FamilyAnnual Premium$601Monthly Premium$50
WashingtonCheapest CompanyPEMCOAnnual Premium$534Monthly Premium$44
West VirginiaCheapest CompanyErieAnnual Premium$784Monthly Premium$65
WisconsinCheapest CompanyGEICOAnnual Premium$556Monthly Premium$46
WyomingCheapest CompanyState FarmAnnual Premium$745Monthly Premium$62

Frequently Asked Questions About BMW 1 Series Insurance

People looking for BMW 1 Series car insurance tend to have questions about cost and quality. Take a look at answers to some of the most commonly asked questions so you may make a well-informed decision.

What company has the cheapest car insurance for a BMW 1 Series?
What company offers the best car insurance for a BMW 1 Series?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.