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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] 19 points 1 month ago (1 children)

Ahhh, that’s a reason that makes sense. Much better than the article itself. Thanks.

[–] [email protected] 19 points 1 month ago

To be clear, I don't know if that's why GEICO is cancelling policies on Cybertrucks, but I'd bet heavily it's a contributing factor. It could be that they decided the risk was worth it, until the trucks actually started coming out and the sheer number of recalls due to shitty manufacturing was just too much.