Honda Insight Depreciation
A Honda Insight will depreciate 38% after 5 years and have a 5 year resale value of $19,492.
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.
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Honda Insight Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $2,458 | 92.19% | $29,017 | 12,000 | 2025 |
| 2 | $6,865 | 78.19% | $24,610 | 24,000 | 2026 |
| 3 | $8,602 | 72.67% | $22,873 | 36,000 | 2027 |
| 4 | $11,089 | 64.77% | $20,386 | 48,000 | 2028 |
| 5 | $11,983 | 61.93% | $19,492 | 60,000 | 2029 |
| 6 | $12,820 | 59.27% | $18,655 | 72,000 | 2030 |
| 7 | $14,652 | 53.45% | $16,823 | 84,000 | 2031 |
| 8 | $14,759 | 53.11% | $16,716 | 96,000 | 2032 |
| 9 | $16,502 | 47.57% | $14,973 | 108,000 | 2033 |
| 10 | $17,475 | 44.48% | $14,000 | 120,000 | 2034 |
Honda Insight Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $2,458 | 92.19% | $29,017 |
| 2 | $6,865 | 78.19% | $24,610 |
| 3 | $8,602 | 72.67% | $22,873 |
| 4 | $11,089 | 64.77% | $20,386 |
| 5 | $11,983 | 61.93% | $19,492 |
| 6 | $12,820 | 59.27% | $18,655 |
| 7 | $14,652 | 53.45% | $16,823 |
| 8 | $14,759 | 53.11% | $16,716 |
| 9 | $16,502 | 47.57% | $14,973 |
| 10 | $17,475 | 44.48% | $14,000 |
Buying a Honda Insight New vs Used
If you purchase a used Honda Insight that is 2 years old, then you could save $6,865 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 $5,118. 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 $2,531 per year. This adds up to around $12,655 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
Honda Insight 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.
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:
