An inductance element includes a magnetic core and a coil having a portion embedded in the magnetic core. This portion includes a wound portion formed by winging a wire-shaped coil material including a wire-shaped conductive material and an insulating coating. The insulating coating includes a thin-walled portion reduced in thickness. A biting ratio R is defined by formula: R=ds/B, which is from 0.4 to 0.85 inclusive, where B is the average thickness of inter-coil insulating coatings, and ds is an upper biting limit obtained by measuring a biting depth, approximating a frequency distribution of the results by a normal distribution, and computing, as the upper biting limit, the sum of the mean da of the normal distribution and the product of 3.99 and the standard deviation σ. The biting depth is obtained by subtracting, from the average thickness B, the thickness of the thin-walled portion.