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Cybertruck owner reports GEICO will no longer insure them [1]

['Rob Beschizza']

Date: 2024-10-07

A Tesla Cybertruck owner reported that GEICO terminated his auto insurance policy, explaining that the vehicle did not meet the company's underwriting guidelines.

We are unable to insure your 2024 TESLA CYBERTRUCK xxxxxxx because this type of vehicle doesn't meet our underwriting guidelines.

Therefore, we must notify you as follows

ALL COVERAGE ON THE 2024 TESLA CYBERTRUCK PROVIDED BY GEICO CASUALTY COMPANY, UNDER THE ABOVE POLICY NUMBER, WILL NON-RENEW AS OF 12:01 A.M. ON xx/xx/xx.

The $100k+ DeLorean-styled electric pickup is frequently in the news due to its limitations, flaws and various mishaps, though in fairness Cybertruck ownership correlates strongly to people likely to engineer circumstances conducive to failure. This emerging risk profile and the high cost of repairs would loom large in insurers' calculations. It's on its fifth recall, writes Stephen Pereyra.

Previously:

• A first-hand account of how bad the Cybertruck is

• The Tesla 'Cyberbeast' is exceptionally ugly

• YouTuber notices 'one slight issue' with Cybertruck

• Cybertruck owner complains tailgate warped when payload shifted on it

• Cybertruck now almost $100k after scrapping base model and raising prices



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[1] Url: https://boingboing.net/2024/10/07/cybertruck-owner-reports-geico-will-no-longer-insure-them.html

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