GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines”
GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines”
GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”
More importantly, Anderson has eight vehicles. GEICO is only choosing to terminate the insurance coverage from Cybertruck and is actively pursuing renewal of his vehicle coverage for the rest.
Oh won’t somebody please help the guy with EIGHT FUCKING CARS one of which is a big dumb refrigerator on wheels.
Seriously fuck this guy anyways just for the sheer overconsumption
Lol
I suspect other insurance companies will be following suit :)
From what I read on other posts, it sounds like Geico was the one not following suit because nobody else would insure it in the first place.
“This type of vehicle” is a very diplomatic and corporate way of saying “overpriced, unreliable, poorly manufactured piece of shit”.
This seems to be a story of a single vehicle not being renewed.
Would like to see an official announcement from GEICO, and not just one letter being reported.
With Tesla, it could be designed and working poorly as intended or it could be well designed and poorly built. And then there's Rivian trucks that start up without issue after floating in a flood.
Inb4 Elon rolls out InsureX for this screaming metal death trap charging as much as the car itself to insure the damned thing.
I wonder if it's because they're afraid of the danger they pose to pedestrians and cyclists with their terrible driver view lines and sheet metal ginsu paneling. I wouldn't insure that shit.