A coil component according to one embodiment of the present invention includes a magnetic base body, a first external electrode, a second external electrode, a coil conductor extending around a coil axis, a first insulator, and a second insulator. The first insulator is provided between a first flange portion of the first external electrode and a first coil pattern of the coil conductor, and the second insulator is provided between a second flange portion of the second external electrode and a second coil pattern of the coil conductor.