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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 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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[–] Kalysta@lemm.ee 2 points 1 month ago (1 children)

They likely didn’t know they were dangerous when they preordered and many are now stuck with them. I think they have a no resale contract for 2 years after buying.

[–] Rekorse@sh.itjust.works 3 points 1 month ago* (last edited 1 month ago)

I mean I don't mean to sound ridiculous, but they even looked dangerous. I am not sure why anyone would assume they were safe. I didn't even think they were street legal at first.

That is a bummer to be stuck with one though, but you do have to be rich enough to buy one too.