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.”

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.”

  • Pogogunner@sopuli.xyzEnglish
    1·
    3 months ago

    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. This leaves no doubt that GEICO’s issue is directly related to the Tesla Cybertruck and not to Anderson or other factors.

    Why would someone own 8 vehicles?

    Robert added, “It makes no sense, as there are other, riskier cars out there. Let me know if you recommend any insurer for the truck. I have eight cars with an amazing record. I will be canceling my entire Geico policy!! Bye-bye!”

    I can’t think of a vehicle that is more likely to be a risk to others than the Cybertruck. I’m sure insurance adjusters see how people use Tesla FSD in spite of its shortcomings. The truck is heavy as hell and breaks in all sorts of ways others vehicles don’t.

    • Billiam@lemmy.worldEnglish
      1·
      3 months ago

      Also, there have been no independent crash tests done so no insurance company can accurately assess the risk, so this is wholly unsurprising.

      Tesla have allegedly done their own crash tests, but they still have not released the data. It’s kinda what you’d expect when a government-regulation-hating techbro designs a “I got mine fuck you” vehicle.

      • NuXCOM_90Percent@lemmy.zipEnglish
        1·
        3 months ago

        If Geico, and presumably soon others, are angering the chuds by refusing to insure this, independent crash tests definitely occurred and they were not favorable.

        You don’t have to be an obnoxious YouTuber to crash a car.

      • Auli@lemmy.caEnglish
        1·
        3 months ago

        The cyber truck has no crumble zones. I’d like to see Tesla’s tests.

        • Billiam@lemmy.worldEnglish
          1·
          3 months ago

          Cody Johnston did a vid about the Cybertruck on his most recent episode of Some More News. He starts talking about the crash test Tesla did (with video) around the 8:45 mark.

      • GraniteM@lemmy.worldEnglish
        0·
        3 months ago

        I thought that was the sort of thing that the government mandated companies had to do in a controlled and transparent fashion. I wouldn’t have thought that the NTSB would allow a vehicle to be registered without a thoroughly vetted crash testing procedure.

        • Billiam@lemmy.worldEnglish
          1·
          3 months ago

          Apparently “rare” or “limited-release” vehicles don’t get tested. Which means the Cybertruck will probably never get tested 😂