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

The average cost of insuring a BMW 1 Series is $1,255 per year. MoneyGeek determined that, compared to the average car insurance cost across all models, insuring a BMW 1 Series is inexpensive. However, car insurance rates may vary depending on your car’s model year and your insurance provider.

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Last Updated: 5/18/2022
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When getting BMW 1 Series insurance quotes, it pays to shop around and compare rates of different companies. By doing so, you will be able to find cheaper car insurance deals. Since every insurer evaluates your information in their own way, different companies will have different average insurance costs depending on your car’s model year.

Key Takeaways for BMW 1 Series Insurance

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On average, it costs $1,255 per year to insure a BMW 1 Series, which is $172 less than the overall average car insurance cost.

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The average cost of insurance for a BMW 1 Series can change by as much as $383 per year depending on the insurance company.

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The average cost of insurance for a BMW 1 Series can change by as much as $100 per year depending on how old your car is. Insurance rates are cheaper for older BMW 1 Series.

How Much It Costs to Insure a BMW 1 Series and the Cheapest Company

The company you buy an insurance policy from can impact your BMW 1 Series insurance rates. On average, it costs $1,255 per year to insure a BMW 1 Series. GEICO, the cheapest car insurance provider for most drivers, charges roughly $1,096 per year, which is $352 less than Allied, the most expensive company. USAA offers the cheapest rates for a BMW 1 Series at roughly $1,065 annually, but these policies are only available to military families.

The Average Annual Cost of BMW 1 Series Insurance by Company

MoneyGeek collected thousands of insurance rates for a BMW 1 Series across all available BMW 1 Series model years for a 40-year-old driver who has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a BMW 1 Series by Company

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Insurance Rates

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Is a BMW 1 Series Expensive to Insure?

To determine car insurance costs, insurance companies use a variety of factors. The BMW 1 Series is inexpensive to insure because it has low value and horsepower. Cars that have a lower value are less expensive to repair, so insurers do not charge higher insurance premiums. Additionally, less powerful cars are generally less likely to get into major accidents, so they have lower average insurance costs.

The Best Car Insurance Company for a BMW 1 Series

While looking for BMW 1 Series insurance quotes, the cost of the policy shouldn’t be the only factor to keep in mind. MoneyGeek developed a scoring system based on customer complaints, affordability, customer satisfaction and financial stability to determine the best insurers for the BMW 1 Series. According to the scores:

  • USAA is the best car insurance provider for a BMW 1 Series. However, USAA is only for military families.
  • GEICO is the second-best car insurance company for a BMW 1 Series.

1
USAA
Score:98.5

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:87.7

4.8/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
State Farm
Score:79.7

4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

4
Nationwide
Score:77.3

3.8/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

5
Allstate
Score:72.3

3.3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

6
Progressive
Score:70.8

3.3/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

7
Allied
Score:NaN

3/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

How Much It Costs to Insure a BMW 1 Series by Model Year

The average annual car insurance rate for older BMW 1 Series models is less because collision and comprehensive insurance get cheaper as a car's value depreciates. For example, a policy for a 2010 BMW 1 Series costs an average of $1,205 per year, which is $100 less than the average insurance cost of a 2013 BMW 1 Series. Here are the average costs of insuring a BMW 1 Series by model year:

  • 2010 BMW 1 Series: $1,205 per year
  • 2013 BMW 1 Series: $1,305 per year

For a 2013 BMW 1 Series, USAA is the cheapest insurer with an average cost of $1,107 per year. However, these policies are only available to military members.

Since the cheapest company can change depending on the car’s model year, users can select their BMW 1 Series model year below to see how rates change.

The Average Cost to Insure a BMW 1 Series by Model Year

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How Expensive Is It to Insure a BMW 1 Series Compared to Other Cars?

MoneyGeek’s data shows that the BMW 1 Series insurance rates are inexpensive compared to the average car insurance cost. On average, it costs $1,255 per year to insure a BMW 1 Series, which is approximately $172 less expensive than the average car insurance cost across all models.

How Much It Costs to Insure a BMW 1 Series for 16- to 25-Year-Olds

Young drivers usually pay higher car insurance premiums because insurers consider them inexperienced. On average, an 18-year-old driver pays $4,096 per year for a car insurance policy, which is roughly $2,841 more expensive than what a 40-year-old driver pays for a similar policy. You can find the average cost of car insurance for young drivers aged 16 to 25 below.

As a young driver, you and your parents can save money on car insurance expenses by being on the same policy.

The Average Cost to Insure a BMW 1 Series by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $5,252
  • 17
    $4,652
  • 18
    $4,096
  • 19
    $2,934
  • 20
    $2,619
  • 21
    $2,073
  • 22
    $1,910
  • 23
    $1,747
  • 24
    $1,640
  • 25
    $1,488
  • 40
    $1,255

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

While the BMW 1 Series insurance rates mentioned in this analysis are based on a national average, where you live can significantly impact car insurance rates. You can learn more about the cost of car insurance in individual states with MoneyGeek’s state page analysis.

FAQs About BMW 1 Series Insurance

The model year of your BMW 1 Series can significantly impact the price of insurance, but that's only one of many factors that insurers consider when calculating your premiums. The following frequently asked questions can help you learn more.

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Methodology

For this analysis, MoneyGeek collected thousands of insurance rates for a BMW 1 Series across all available BMW 1 Series years. These rates are for a full coverage policy with:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.