2022 Honda Accord: Total Ownership Cost for Indiana Buyers

The Honda Accord has consistently ranked among the top midsize sedans for total ownership value. The tenth generation Accord, which covers the 2018 to 2022 model years, introduced turbocharged engines and significantly improved interior space, making it competitive with vehicles larger than its traditional segment.

Purchase Price Range

Used 2022 Accords in Indiana are priced in the $23,000 to $31,000 range for LX, Sport, and EX-L trims with 20,000 to 45,000 miles. The Accord Hybrid commands a $2,500 to $4,000 premium over comparable non-hybrid trims. The Sport configuration is particularly popular in the used market.

Fuel Cost

The Accord LX with the 1.5-liter engine averages 31 to 33 mpg in real-world Indiana combined driving, costing approximately $1,300 to $1,400 per year at 12,000 miles. The Accord Hybrid achieves 44 to 46 mpg combined, reducing annual fuel cost to approximately $900 to $1,000.

Insurance Cost

The Accord is insurance-friendly due to its strong safety ratings and high parts availability. Full coverage in Indiana typically runs $1,050 to $1,450 per year, comparable to the Camry and slightly below similarly priced SUVs.

Maintenance

Honda's Maintenance Minder system manages service intervals adaptively. Routine maintenance through 60,000 miles typically costs $650 to $950, among the lowest in the midsize sedan segment. The turbocharged engine requires premium attention to oil quality and change intervals.

Depreciation and Resale

The Accord retains value at approximately 50 to 54 percent after three years, slightly below the Camry but competitive within the midsize sedan segment. Hybrid trims retain value particularly well due to ongoing fuel economy concerns among buyers.