The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.

How much is a BMW 1? Full costs revealed.

Thinking about buying a BMW 1 Series? It was the 5th most popular new car in the UK in summer 2024, with over 3,000 vehicles registered for the first time in June alone. But how much does it cost to buy and run? The NimbleFins car insurance experts have run the numbers on purchase prices for new and used cars, insurance and road tax. Here's what we found.

BMW 1 Series Price

The NimbleFins car data experts have dug into publicly available new and used car data to learn how much motorists are really paying for their BMW 1 Series cars. Here's what we found.

Cost of a new BMW 1 Series

In 2024, starting OTR BMW 1 Series prices for new vehicles ranged from £31,065 for the Sport trim up to £43,000 for an M 125 xDrive. But the list price for a vehicle could be higher, for example if it includes optional extras like the Technology Pack (includes adaptive LED headlights, folding wing mirrors with auto-dimming, high-beam assist, rear view mirror with auto dimming, and more for £1,550) or the Technology Plus Pack (Technology Pack features plus plus heads-up display, parking assist, and more for £2,750).

2024 BMW 1 Series Starting OTR Prices
Sport£31,065
M Sport£33,065
M 125 xDrive£43,000
Average New BMW 1 Series Market Price£34,883

What price are BMW 1 Series cars really selling for in the UK? Across different trim and fuel types, NimbleFins analysis of brand new cars for sale in summer 2024 found that the average price for a brand new BMW 1 Series across different trim and fuel types was £34,883. This figure reflects the average of 228 brand new vehicles for sale across three trim levels (Sport, M Sport and M 125 xDrive).

BMW 1 Series New Car Price

Cost of a used BMW 1 Series

As with all vehicles, the cost of a used BMW 1 Series declines with car age. NimbleFins analysis of over 1,000 BMW 1 Series vehicles indicates that cars lose around £4,600 if they are resold in their first year, representing around 13% depreciation. Then a BMW 1 Series depreciates another 11% (£3,400) in the second year and 11% (£2,800) in the third year, on average.

Used BMW 1 Series CostAgeAverage Price% Depreciation
2024 regLess than 1 year old£30,268-13%
2023 reg1 - 2 years old£26,862-11%
2022 reg2 - 3 years old£24,012-11%
BMW 1 Series Used Car Price

BMW 1 Series Insurance Costs

NimbleFins market tests of hundreds of cheap car insurance policies found that a low-risk driver could pay as little as mid-£400 a year or so to insure a BMW 1 Series car, but some variants with larger engines and higher price tags can cost 25%+ more to insure. More expensive vehicle typically cost more to insure because the insurer would a larger loss in event of vehicle theft or write off.

BMW 1 Series Used Car Price

Your insurance prices will certainly vary; use this information as a rough guide as to starting insurance costs and to see how they might vary by fuel type and trim level. To find out your BMW 1 Series insurance costs, use the quote calculator below:

Cheap Car Insurance for your BMW 1 Series

Quickly compare over 100 UK insurance providers.

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BMW 1 Series Road Tax Cost

Like insurance, the road tax for a new BMW 1 Series is highly variable, changing with different models and engines. For example, data from the Vehicle Certification Agency shows that the first year road tax ranges from £220 up to £1,095 for a BMW 1 Series, and some vehicles (those with a list price over £40,000, e.g. the M135 xDrive) incur an additional rate of £410 a year for 5 years from the second licence. Over the first six years, this means that the M135 xDrive costs an extra £2,925 in road tax compared to a 120 Sport.

BMW 1 Series Road Tax120 SportM135 xDrive
CO2 value (g/km)121175
Fuel / energy typePetrolPetrol
List price over £40,000?noyes
First licence rate£220£1,095
Standard rate of vehicle tax (from year 2 onwards)£190£190
Additional rate for 5 years from the start of the second licence£-£410

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The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.

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