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Author Topic: GEICO is Terminating Insurance Coverage of Tesla Cybertrucks  (Read 988 times)

rcjordan

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GEICO is Terminating Insurance Coverage of Tesla Cybertrucks
« on: October 06, 2024, 10:59:08 PM »
https://www.torquenews.com/11826/geico-terminating-insurance-coverage-tesla-cybertrucks-says-type-vehicle-doesnt-meet-our/

Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” | Torque News
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ergophobe

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Re: GEICO is Terminating Insurance Coverage of Tesla Cybertrucks
« Reply #1 on: October 07, 2024, 12:27:56 AM »
Quote
In another story, we covered a man who says he still loves his Cybertruck despite Tesla failing to fix the issue with his truck after eight separate service visits over five months.

Tesla has perfected what Apple pioneered.
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Brad

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Re: GEICO is Terminating Insurance Coverage of Tesla Cybertrucks
« Reply #2 on: October 07, 2024, 08:17:19 AM »
>terminating

Others will now follow.
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ergophobe

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Re: GEICO is Terminating Insurance Coverage of Tesla Cybertrucks
« Reply #3 on: October 07, 2024, 09:37:58 PM »
Interesting that this seems to affect both comprehensive and liability.

It made me curious so I just had a look and it appears that the CA high-risk pool is limited to liability. So it if others follow suit and stop insuring the Cybertruck, there will be no comprehensive insurance options, which effectively raises the income/wealth bar from purchases that vehicle.
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littleman

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Re: GEICO is Terminating Insurance Coverage of Tesla Cybertrucks
« Reply #4 on: October 08, 2024, 12:14:28 AM »
A local city council member, whom I've voted for before, actually bought one of these and has been parading it around like it's going to get him votes. Now, I'm questioning his judgment.
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rcjordan

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Re: GEICO is Terminating Insurance Coverage of Tesla Cybertrucks
« Reply #5 on: October 08, 2024, 02:04:14 AM »
? ? ? ?

https://www.theverge.com/2024/10/7/24264330/geico-insurance-coverage-cybertruck-cancelled-dropped-policy

Geico insists it ‘has coverage’ for the Cybertruck after owners complain of dropped policies - The Verge
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Brad

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Re: GEICO is Terminating Insurance Coverage of Tesla Cybertrucks
« Reply #6 on: October 08, 2024, 07:50:09 AM »
Insurance companies are relentless.  If they want to drop you or your vehicle they will find away.  They'll just wait until nobody is paying attention and cancel or raise the rate until you can't afford it.

>dropped

To be fair, the insured's driving record counts too.  It's not just the vehicle.
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