GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines”

Cybertrucks are not even considered road legal in 🇬🇧 due to their design! A lot of professional soccer players wanted to buy them to show off the exorbitant amount of money they earn, but were told they cannot 😬

we are still voting 4trump; I'm sure Elon Musk can venture and provide Tesla insurance 4 the cybertruck, as many construction companies are self insured; the capabilities of the cyber truck make it a gr8 candidate for self insurance.

Just go with tesla insurance. All 4 of my cars are under tesla insurance and I'm saving about $200 a month

Why any one would pay that much money to drive something that ugly is beyond my comprehension.

hold you head high...

The USA understandably subsidizes EV production. But to maximize profits, Musk makes them effectively disposable. There should be changes made to the subsidy to where a vehicle will NOT qualify for the EV subsidy unless it can have its EV battery module replaced in 1 hour or less.

Elon Musk should have stayed out of politics, or at minimum should not have acted like a spoiled child. I use to love the Tesla brand but after his mockery of Kamala Harris I will never consider buying any of his prducts, nor will many others world wide.
I guess he's not such a genius

They are ugly vehicles made by a despicable person. I bought a car from the 70s for less then 3 grand compared to 100 grand for that monstrosity and my car is more reliable and will last longer the that rust bucket. Also would ploy though that ill advised tin can with little damage while totalling the cybertruck. Seriously no better way to show you are worthless then wasting 100000 dollars on a tesla.

The Cyber truck is so damn ugly that it can cause uncontrollable laughing which may lead to an accident!

Geico is a dishonest and horrible company. Just dropped them after 15 years after they totally screwed us following an accident that was not our fault!!

Geico sucks!!!!

It's wild that he blames Geico and doesn't blame Tesla for making an absolute crap car. Those Elon fanboys really do have more money than sense.

Maybe the Tesla was highly modified by the current owner.
Tesla model 3 insurance premium would have been double what my Niro EV cost for identical coverage. One big reason is that they can only be repaired by Tesla.
St Elon can gouge all he wants.
And the true believers are still sniffing his tail pipe?!?!?

Love how this guy's solution to this is to swing his e-d!ck around "I have 8 cars." (irrelevant). "I have a clean record" (unlikely, unless he paid for it). Instead of just finding a new underwriter, with like Google or w/e he's gonna take his entitled ass to to Twitter to bitch about it and call for a boycott; Because all 100 Cyber knife, I mean "truck" owners together can really hurt Gieco's bottom line. /s

The entitled doucheness is strong here. As if he or his situation has any relevance to Gieco's decisions not to insure a liability nightmare.

So, obnoxious. Please die in a cheap car battery fire.

I wouldn't be surprised if other insurance companies follow suit.
Or raise premiums to account for the risk.
Insurance is about assumptions of financial risk. Geico decided the potential financial risks out weigh the premium of the insurance.
Similar to homes in (higher risk) flood or fire zones, the cost of insurance is much higher than homes in (lower risk) areas not prone to floods or fires.

It is difficult to accept anything written by someone who writes "deers" as the plural form of a deer species.

Too bad Mr Big said good-bye AFTER they said good-bye to him. Why not self-insure with your great, 8 fancy car wealth. Sorry, I only have one car and am tired of paying for JOs like you!! Thank you Geico. Perhaps I will switch to Geico.

I believe this is due to all the cybertrucks batteries catching fire due to saltwater. Geico got hit with lots of insurance claims from fires in garages due to the flooding in the southeast of USA recently.

Maybe if Leon quit his new day job of running for Sycophant in Chief, he could build a product that didn't s**ck. Everybody who ever has anything to do with Trump goes crazy, looses his reputation, and ends up in legal jeopardy. Case in point, Rudy Giuliani. Older Teslas are great cars. Pretty soon, Leon will be a stumbling drunk talking about Krakens and dog-eaters.

Most likely because Elon is a Trump supporter

I can assure you that all conspiracy theories mentioned here are all bogus and this is a result of the insuring the risk of a cybertruck. I work for a major carrier and we are finalizing our plans to cancel all cybertrucks. The cost of repair or likelihood of totaling is fair greater than most any other vehicle on the road. There is no good business case for insuring these vehicles and you are now seeing carries drop them.

Deers.... Isn't a word in the English language. The rest of the article was interesting.

If you're dumb enough to buy a Cybertruck you kind of deserve this.

Insurance companies are nothing but a scam. They are in the business of providing insurance to policy holders but suddenly when people need them to cover a loss which they collect monthly premiums and deductibles for, they cancel policies they claim are risky or don't meet underwriting guidelines. We have seen this time and again with forest wildfires, hurricanes, floods, etc. Now it has begun with vehicle insurance. For all these years they collect premiums and deductibles with most people never filing a claim. Suddenly, when a policy holder files a claim, they either drop the person or raise their rates. The insurance comp claim that they are paying out more in claims then they rece. This is something that is not transparent. So there again, lots if room for manipulation and an opportunity for insurance companies to make profits head over heels. Such a scam to make billions off of people over a piece of paper.

What exactly are the guidelines and what page and line are they enumerated at?

This is going to start happening across the board after the ridiculous amount of fires / explosions seen in the flooding on the east coast - not only the car but homes the cars/trucks were garaged in.

This policy is an accident policy not a mechanical breakdown policy.

Most of the ideas put forward have nothing to do with this situation.

If it's true the Insurer would have to issue a statement explaining why or risk getting sued.

We received the same letter from GEICO canceling our CYBERTRUCK coverage. After inquiry we were told that the vehicle was deemed "an exotic vehicle". We have two other Teslas and an excellent driving record. We looked into all of our insurance coverages and found that if we bundled with State Farm we would save $1500.00 over what we were paying at GEICO. Thanks GEICO, by denying coverage you saved us money but lost a customer.