I understand the variety of factors that go into loss history, but absent any history, there is no reason to suspect any of those other factors will be significantly different than any other typical vehicle and the replacement cost or maximum loss potential will be substantially less. But I'm sure absent that history, insurance companies would prefer to charge too much than not enough.Original cost of the vehicle is only one of the factors in creating the insurance symbol for a vehicle. So replacement cost doesn't really factor in the way you think it would.
Once an insurance symbol has been established for a vehicle, it doesn't change. In ten years I never saw symbol revision for a vehicle, which would affect the rate up or down. That's why your comp and collision never go down as the car ages, the symbol stays the same.
See my previous answer; future Elio model years could see a difference in their insurance symbol, based on this information, but again you are not going to see a change in premium in the model year you own. So if we all get 2017 Elios, that symbol with stay with the vehicle for the life of the car.
That is UNTIL one or more decide to compete for the market and not collude together to charge an excessive rate for the risk actually involved.
ps My mother was a full charge bookeeper for a large Insurance Agency back in the days when a woman was given a lesser title AND PAYCHECK than a man for the same work (accounting). I am familiar with the concepts.
pss My father had a great scientific mind (duel physics and chemistry degrees from Baylor and worked as an engineer for Dupont) and my mother had a great mind for business (business school) and I managed to simply misplace my mind (Energy Resources Management from Lamar).
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