A complete classification of locally rotationally symmetric (LRS) Bianchi type I spacetimes via homothetic matter collineations (HMCs) is presented. For non-degenerate energy-momentum tensor, a general form of the vector field generating HMCs is found, subject to some integrability conditions. Solving the integrability conditions in different cases, it is found that the LRS Bianchi type I spacetimes admit 6-, 7-, 8-, 10- or 11-dimensional Lie algebra of HMCs. When the energy-momentum tensor is degenerate, two cases give 6 and 11 HMCs, while the remaining cases produce infinite number of HMCs. Some LRS Bianchi type I metrics are provided admitting HMCs.