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Key Takeaways
- Insurance for a BMW 1 model costs an average of $2,040 annually or $170 per month.
- Erie and USAA are the cheapest insurance providers for BMW 1 series across all model years.
- The car insurance premium rates are higher for young adults, those with driving infractions and poor credits.
BMW 1 Series Auto Insurance Cost
The BMW 1 Series is known for its sporty performance, premium design, and advanced technology features. With various body styles including hatchbacks and sedans, the BMW 1 Series remains a popular choice for those seeking a blend of performance and everyday usability. However, you should be keen while choosing an insurance policy for your BMW 1 model. The wrong provider can cause you huge loss.
On average, the BMW 1 series insurance will cost $2,040 per year. However, there are ways you can cut costs on your BMW 1 series insurance policy – especially by choosing the right kind of service provider.
It‘s now easier than ever to get a free quote for your BMW 1- use Way.com to find multiple vetted insurance providers and compare deals in just minutes!
What impacts the cost of BMW 1 Series Car Insurance?
Several factors can impact the premium rates of your BMW 1 Series' insurance. The given is some of the common factors:
- The driver's age
- The driver's gender
- The city you are in
- The age of the car
- Trim level of the car
- The insurance company you choose
BMW 1 Series Insurance Cost by Model Year
Older BMW 1 models will generally cost lesser to insure, because newer models with better features and equipment may have already entered the market. However, certain older models have higher insurance premium rates due to their high repair and maintenance costs.
The average auto insurance premium for a 2013 BMW 1 model is $1,714/year, which is lower than the previous models.
| Model Year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2013 BMW 1 Series | $142.83 | $1,714 |
| 2012 BMW 1 Series | $150.83 | $1,810 |
| 2011 BMW 1 Series | $146.08 | $1,753 |
BMW 1 Series Cheapest Insurance Cost by Company
USAA offers the cheapest insurance rates with an annual premium of $1,656/year followed by Nationwide.
Remember that the cheapest rates don't always mean the best. You'll need to make a thorough comparison of the offer and check if it includes all the features you want.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| USAA | $138 | $1,656 |
| Nationwide | $150 | $1,800 |
| Allstate | $151 | $1,812 |
| Progressive | $160 | $1,920 |
Cheapest Insurance Companies Based on BMW 1 Series Model Years
2013 BMW 1 Series
The average car insurance cost for a 2013 BMW 1 model is $1,714 per year. However, Erie offers the cheapest rates, with an annual rate of $902.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Erie | $75.17 | $902 |
| USAA | $90.33 | $1,084 |
| Vermont Mutual | $93.08 | $1,117 |
| Acuity | $94.33 | $1,132 |
| Tennessee Farmers | $97.83 | $1,174 |
| Plymouth Rock Insurance | $99.00 | $1,188 |
| State Farm | $99.50 | $1,194 |
| Nationwide | $103.67 | $1,244 |
| Allied | $105.17 | $1,262 |
| American Family | $113.58 | $1,363 |
| Arbella | $114.08 | $1,369 |
2012 BMW 1 Series
The average car insurance cost for a 2012 BMW 1 model is $1,810 per year. However, Erie offers the cheapest rates, with an annual rate of $898.
| Companies | Average Monthly Rate | Average Annual Cost |
|---|---|---|
| Erie | $74.83 | $898 |
| USAA | $83.58 | $1,003 |
| Vermont Mutual | $88.33 | $1,060 |
| Acuity | $90.33 | $1,084 |
| Plymouth Rock Insurance | $95.33 | $1,144 |
| Tennessee Farmers | $96.92 | $1,163 |
| State Farm | $97.83 | $1,174 |
| Allied | $98.08 | $1,177 |
| Nationwide | $103.00 | $1,236 |
| American Family | $107.17 | $1,286 |
| Country | $112.25 | $1,347 |
2011 BMW 1 Series
The average car insurance cost for a 2011 BMW 1 model is $1,753 per year. However, Erie offers the cheapest rates, with an annual rate of $862.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Erie | $71.83 | $862 |
| USAA | $82.67 | $992 |
| Vermont Mutual | $82.75 | $993 |
| Plymouth Rock Insurance | $93.08 | $1,117 |
| Tennessee Farmers | $94.17 | $1,130 |
| Allied | $95.17 | $1,142 |
| State Farm | $97.58 | $1,171 |
| Nationwide | $98.42 | $1,181 |
| Arbella | $99.58 | $1,195 |
| Acuity | $101.92 | $1,223 |
| American Family | $103.25 | $1,239 |
BMW 1 Series Safety Features
BMW 1 Series comes with a range of safety features, which can help reduce the insurance rates when you apply.
Some of the installed features include:
- Anti-lock Braking System (ABS)
- Electronic Stability Control (ESC)
- Traction Control System (TCS)
- Front and Side-Impact Airbags
- Curtain Airbags
- Lane Departure Warning
- Lane Keep Assist
- Forward Collision Warning
- Automatic Emergency Braking
- Pedestrian Detection
- Blind Spot Detection
- Parking Sensors
- Rearview Camera
- Adaptive Cruise Control
- Driver Attention Monitoring
- Tire Pressure Monitoring System (TPMS)
- Traffic Sign Recognition
- Dynamic Brake Control (DBC)
Ways to save on BMW 1 Series Car Insurance
- Maintain a clean driving record: Rash and careless driving often stays on your records. Insurance companies will charge you higher premiums if you have a history of at-fault or DUI accidents.
- Maintain good credit score: Applicants with excellent credit scores can save as much more annually compared to those with lower credit scores.
- Follow Traffic Rules: Traffic violations can considerably increase your BMW 1 series insurance premiums.
- Ask for relevant discounts: Ask for common BMW 1 series discounts, such as safe driver discounts, multi-policy discounts, low mileage discounts, good student discounts, anti-theft device discounts, defensive driving course discounts, and loyalty discounts to reduce your annual premiums as much as possible.
- Bundle insurance policies: You can save even more by bundling your auto and home insurance policies.
How do I find the best BMW 1 Series Car Insurance Rates?
- Always research the market and insurance trends before purchasing car insurance for your BMW 1. It could be tempting to choose a provider that offers a low rate. However, it's always better to apply for multiple free insurance quotes from as many companies as you can. You can either apply individually or use an insurance platform like Way.com.
- Compare, compare, compare – that should be your mantra when searching for the best policy. Only choose a provider who offers a balance of low rates and comprehensive coverage.
- In only a few minutes, an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for with your financial position.
- The cheapest rates don't always mean the best! You can always consider spending a bit more to get comprehensive coverage.
How To Get BMW 1 Series Auto Insurance with Way
Simply download the Way App or head to the Way.com website to start your auto insurance journey and get a free quote in just minutes! Compare offers from more than 150 different insurance providers on our platform, which lets you choose the best policy for your BMW 1- all in as little as 60 seconds!
FAQs
What factors affect the insurance cost for a BMW 1 Series?
Factors like the driver's age, driving record, location, vehicle model year, and chosen coverage influence the insurance cost.
Is the BMW 1 Series a high-risk car to insure?
The BMW 1 Series is a luxury car, which can make it more expensive to insure compared to other non-luxury vehicles. However, with the right coverage, it can be affordable.
Can I get insurance for a BMW 1 Series with a poor driving record?
Having a poor driving record can significantly increase insurance premiums. However, many insurance companies still offer coverage with higher rates. Some may require additional documentation or proof of improved driving habits.
What are the most common coverage options for the BMW 1 Series?
Most drivers opt for comprehensive coverage, collision insurance, liability insurance, uninsured motorist coverage, and medical payments coverage for the BMW 1 Series.
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
DATA SOURCES
Way.com’s Insurance Broker Quote Data
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