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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 week ago by shoulderoforion@fedia.io to c/technology@lemmy.world

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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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[–] brucethemoose@lemmy.world 3 points 1 week ago* (last edited 1 week ago)

Could it also be that it's a $80K-$100K car?

I have no solid source, but read comments suggesting Geico tends to not insure "exotic" $100K+ luxury vehicles.

...And I think this is important to remember this when talking about it. The Cybertruck is not a peer of a F-150, but a G-Wagon, a Maserati Levante or whatever.