The first thing I would do, in your place, is to ask for a copy of your lipid profile from your last cholesterol test, just to see how bad (or good) it is. Then read around - lots of good info on here and elsewhere on the web - and make your own mind up.
You must get the full lipid profile, not just the total cholesterol. The profile gives you your total figure; your HDL (good cholesterol); LDL ( bad cholesterol, only a bit more complicated than that); your triglycerides (need watching as they are the real baddies); and your Total:HDL ratio, which is the most meaningful figure. I can't lay my hands on the preferred figures at the moment, but they're here somewhere - also available via Google. "They" prefer diabetics to have lower cholesterol than non-diabetics.
I don't tolerate statins well (muscle and joint pains), so I control my cholesterol by limiting my carbohydrates - it's not fat that ups my figures, but carbs! On the other hand, some people tolerate statins very well and have been on them for years without any harmful effects. Have a read around the Web and look for both pro- and anti- sites. My favourite anti- site is 'spacedoc.net' - just Google. Also Google 'Stephanie Seneff' (Steneff?) and see what she has to say. But do read the pro- sites as well. You have to make your own mind up.
Remember, no-one can force you to take them!
Viv
PS re tests - I get copies of all my results and keep them on file at home. Some receptionists can be funny about this, but they are part of your medical records and you are entitled to see them. My GPs are quite happy that I have them - I know what to look for, and only see the GP about them if I am concerned about anything, which saves both of us time, and saves the practice money. I'm in charge of my Type 2, and the GPs are quite happy to leave me to it.
Yours may prefer to keep a closer eye on your Type 1.