Honda Insight Depreciation

A Honda Insight will depreciate 52% after 5 years and have a 5 year resale value of $14,995.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $31,475 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Honda Insight.

Honda Insight Depreciation Calculator

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Honda Insight Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,023 87.22% $27,452 12,000 2022
2 $4,721 85.00% $26,754 24,000 2023
3 $5,351 83.00% $26,124 36,000 2024
4 $14,400 54.25% $17,075 48,000 2025
5 $16,480 47.64% $14,995 60,000 2026
6 $19,005 39.62% $12,470 72,000 2027
7 $19,940 36.65% $11,535 84,000 2028
8 $21,586 31.42% $9,889 96,000 2029
9 $22,327 29.06% $9,148 108,000 2030
10 $23,013 26.88% $8,462 120,000 2031

Honda Insight Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,023 87.22% $27,452
2 $4,721 85.00% $26,754
3 $5,351 83.00% $26,124
4 $14,400 54.25% $17,075
5 $16,480 47.64% $14,995
6 $19,005 39.62% $12,470
7 $19,940 36.65% $11,535
8 $21,586 31.42% $9,889
9 $22,327 29.06% $9,148
10 $23,013 26.88% $8,462

Buying a Honda Insight New vs Used

If you purchase a used Honda Insight that is 2 years old, then you could save $4,721 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $11,759. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Insight models become available.

What About Honda Insight Insurance Costs?

The average cost to insure a Honda Insight is about $1,915 per year. This adds up to around $9,575 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Honda Insight. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

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The Best Model Years to Buy a Honda Insight

The 2021 Honda Insight is our top pick for the best model year value for the Insight. With the 2021, you would only pay, on average, 87% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2019 model years are also attractive years for the Insight, and provide a relatively good value. Our rankings consider multiple factors, including the Insight's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Honda Insight models.

Honda Insight Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $31,475 $31,475 $198 $0 0% 100%
2021 $30,041 $26,432 $229 $5,043 16.02% 87.22% Best
2020 $28,925 $24,586 $277 $1,846 6.98% 85% Better
2019 $26,433 $21,939 $354 $2,647 10.77% 83% Better
2014 $22,182 $12,914 $880 $9,025 41.14% 54.25% Good
2013 $22,057 $11,501 $992 $1,413 10.94% 47.64% Good
2012 $21,957 $9,706 $1,007 $1,795 15.61% 39.62%
2011 $21,573 $9,753 $1,127 +$47 -0.48% 39.99%
2010 $21,998 $8,212 $1,301 $1,541 15.8% 31.42%
Year Price % Paid Value Rank
2022 $31,475 100%
2021 $26,432 87.22% Best
2020 $24,586 85% Better
2019 $21,939 83% Better
2014 $12,914 54.25% Good
2013 $11,501 47.64% Good
2012 $9,706 39.62%
2011 $9,753 39.99%
2010 $8,212 31.42%

Honda Insight Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Honda Insight ranks for Depreciation compared to other vehicles. Also check out how the Insight stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Honda Insight Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Honda Insight costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: