The BMW iX1 is a small electric SUV made in Germany. This guide is for anyone weighing what it would cost to keep one in Singapore. It goes through each cost the facts cover, one at a time.
The insurance figures are examples for one stated driver, as of 1 November 2026. They are useful for comparison. They are not a quote for you.
Two versions, one motor
The new-car list read on 2026-10-10 shows two versions. Both use a 64.8 kWh battery and a 148bhp motor.
- eDrive20 xLine 64.8 kWh
- eDrive20 M Sport 64.8 kWh
The quote form lists the same two. The insurance prices below are for the eDrive20 xLine, the version most insurers quote.
Buying one new
These are list prices as listed on 2026-10-10, with COE included as listed that day:
- eDrive20 xLine: S$313,888
- eDrive20 M Sport: S$319,888
The two sit close together, so the choice comes down to trim. A list price is a snapshot. Dealers revise prices after COE rounds, so ask for a current figure and check what each offer includes.
COE category
The price page sets out the rule for a fully electric iX1. It needs a Category A COE if its motor is 110kW (147bhp) or less. If the motor is more powerful, it needs a Category B COE.
For reference, the October 2026 2nd round closed at S$132,004 for Category A and S$131,901 for Category B. The COE page carries later rounds.
Road tax
Road tax for an electric car follows motor power. For the 148bhp (110kW) motor, LTA's formula, checked 2026-10-19, gives S$1,560.20 a year. That is before any age surcharge.
The surcharge starts once a car is over 10 years old:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The road tax page explains the formula.
Car insurance for the standard driver
The BMW iX1 price page prices these details:
- Car: eDrive20 xLine 64.8 kWh, 3 years old, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 years
- Record: 50% NCD and no claims
- Repairs: at an authorised workshop, no options
Only 2 insurers give an online price on these details. The lowest is S$1,907.27 a year. The other insurer's lowest plan asks at least S$2,027.42, which is S$120.15 more, or 6% on top. All prices include 9% GST.
That is a thin field. The page lists 13 insurers with no online price for the iX1. Some have no price for this model yet. Others do not quote electric cars online, or quote only for repairs at any workshop.
Excesses on the page
Two plans carry an excess of S$300. The lowest-priced plan carries S$600. The excess is the part of each claim you pay yourself, so weigh it next to the premium.
What changes the price
The price page changes one thing at a time and shows the new lowest price:
- No NCD (0%): S$3,728.53, which is S$1,821.26 more
- 20% NCD: S$2,984.66, which is S$1,077.39 more
- Driver aged 27, 3 years' driving, 30% NCD: S$3,900.64, which is S$1,993.37 more
- Driver aged 65, 20 years' driving: S$2,084.25, which is S$176.98 more
- New car, registered this year: S$1,964.65, which is S$57.38 more
- Car 8 years old: S$1,815.42, which is S$91.85 less
A young driver with a lower NCD pays the most here, with the lowest price up 105%. Dropping to no NCD costs almost as much. The no NCD and 20% NCD lines are each priced by 3 insurers, one more than the standard driver.
Remember that these lines track the lowest price only.
Against similar electric cars
The price page puts the iX1 beside six electric cars, for the same driver and car age:
- BYD Sealion 7: S$1,390.72
- Tesla Model Y: S$939.71
- BYD Atto 3: S$913.63
- Tesla Model 3: S$913.62
- BYD M6: S$861.41
- Aion V: S$856.84
Their average lowest price is S$979.32. The iX1 costs 95% more than that, and all 6 are cheaper to insure on these details. Most of those rivals are also priced by far more insurers, so their spread is easier to compare. Other BMW models are on the BMW car insurance page.
The running costs only you can judge
These depend on how and where you use the car:
- Charging: home, work or public chargers each cost differently. Check what your car park offers.
- Parking: season parking at your block, plus daily parking elsewhere.
- ERP: depends on your routes and timing.
- Servicing: follow the maker's schedule, and ask how long the battery warranty runs.
- Depreciation: set by the price you pay and the value at the end.
Summary of yearly costs we can show
For the BMW iX1 eDrive20, with dates:
- Road tax: S$1,560.20 a year before any age surcharge (checked 2026-10-19)
- Insurance, standard driver: from S$1,907.27 a year (as of 1 November 2026)
- Insurance, no NCD: from S$3,728.53
- Insurance, car 8 years old: from S$1,815.42
One-off costs for reference: S$313,888 for the xLine as listed on 2026-10-10. COE in the October 2026 2nd round was S$132,004 for Category A and S$131,901 for Category B.
Before you buy: car insurance for the BMW iX1
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the BMW iX1 to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.