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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 1 month 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] 137 points 1 month ago (35 children)

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.

[–] [email protected] 7 points 1 month ago* (last edited 1 month ago) (3 children)

I can't think of a vehicle that is more likely to be a risk to others than the Cybertruck.

A Hummer for sure.

Also most pickup trucks when you consider frontal visibility. I mean there are just an endless number of ways to measure and weigh safety.

[–] [email protected] 5 points 1 month ago (2 children)

The H1 was basically a civilian tank. The H3 on the other hand was a reskinned Chevy TrailBlazer and fell apart just as easily as one.

[–] [email protected] 6 points 1 month ago (1 children)

I think they're talking about the new Hummer EV.

[–] [email protected] 2 points 1 month ago

I completely forgot about that car…

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