this post was submitted on 06 Oct 2024
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GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)
submitted 8 months ago by [email protected] to c/[email protected]
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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.”

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[–] [email protected] 2 points 8 months ago (1 children)

Do you not think it is only a matter of time before that occurs in a dangerous situation?

I literally just explained this in the comment you replied to.

It depends on what it means by "stopped functioning". It could mean any of a hundred different failures. Did the screen shut off? Did it slam on the brakes at 60mph? Did it lose propulsion, and can simply be rolled off the road?

Once again, this is not remotely the first time cars have had issues like this and never before were their insurance policies canceled for something that never happened.

In other words, this ain't it.

[–] [email protected] 4 points 8 months ago

I literally just explained this in the comment you replied to.

You did not.

Once again..

This was the first time you made this point, so not sure why you say "again".

In other words, this ain’t it.

They likely won't disclose the real reasons. However I'm yet to be convinced that reliability wasn't taken into account.