1463

GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)

submitted 1 month ago by shoulderoforion@fedia.io to c/technology@lemmy.world

238 comments fedilink hide all child comments

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.”

you are viewing a single comment's thread
view the rest of the comments

[-] Pogogunner@sopuli.xyz 137 points 1 month 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.

[-] ContrarianTrail@lemm.ee 3 points 1 month ago

How is cybertruck more risky to others that your average truck?

[-] Pogogunner@sopuli.xyz 10 points 1 month ago

Heavier (6,898 pounds compared to 5,540 for the F-150), lithium fire risk, inattentive drivers using the FSD

This is all on top of how dangerous American trucks have become to others

[-] spankmonkey@lemmy.world 4 points 1 month ago

Don't forget the cybertruck body panels are basically dull knives due to being flat sheets instead of curves where they are joined.

load more comments (1 replies)

load more comments (32 replies)

this post was submitted on 06 Oct 2024

1463 points (93.7% liked)

Technology

59381 readers

1585 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS