1992–93 was the 18th season that Division 1 operated as the second tier of ice hockey in Sweden, below the top-flight Elitserien (now the SHL).
The teams were given zero to seven bonus points based on their finish in the first round.
The last-place team in each of the qualifying groups was relegated directly to Division 2, while the second-to-last-place team had to play in a relegation series.
Of the 10 teams in the Allsvenskan - in addition to the eight participants from Division 1, the two last place teams from the Elitserien also participated - the top two teams qualified directly for the Allsvenskan final, from which the winner was promoted directly to the Elitserien (now the SHL).
The second place team qualified for the Kvalserien, which offered another opportunity to be promoted.